Is Islam compatible with free markets? Turkish journalist Mustafa Akyol points out that the vast majority of the world’s 1.2 billion Muslims are tolerant, peaceable and reasonable people whose lives do not make the news. The blowback of terrorism is the result of Western colonialism and the CIA’s promotion of fundamentalism in its Afghan war on the Soviets.The podcast is a must listen and can be downloaded here.
Islam was founded by a successful merchant, and the religion was largely pro-market until the colonial disease of socialism infected the Muslim world. The Koran calls the merchant the most honorable man, saying that nine of ten of God’s bounties come from trade.