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September 30, 2005

Poverty of the Muslim World

Topics: Islam And The War On Terror

The poverty of the Muslim world stems especially from two economic prohibitions ordained by the Koran. They limit all believers to just two sources of income: payment for services rendered, that is, wages and salaries, and transfer income which flows from private charity and public welfare.

They prohibit the two other sources of income that render human labor much more productive: interest on savings and investments, and entrepreneurial profit, which rewards investors and innovators. The Koran, Sura 3:13, is specific:

"Believers do not live on usury, doubling your wealth many times over. Have fear of God, that you may prosper, guard yourselves against the Fire prepared for nonbelievers."
Similarly, they prohibit any reward for risk-taking and speculation on the chances of quick or considerable profits.

Economic destitution and political authority undoubtedly explain the migration of Muslims, legal and illegal, amounting to many millions of young people, from Islamic regions to Western countries, such as France, Germany, Italy, the United Kingdom, and many others. In the United States their numbers are growing rapidly, probably exceeding five million now. They are attracted by high standards of living and economic freedoms which are the attributes of the Western order. They labor and prosper, earning profits and interest. But we cannot help wondering what they would do to our economic order if they were in a majority and at liberty to introduce and enforce the economic prohibitions and limitations of the Koran.

Source: Sowing the Wind, p. 265 ff.Hans F. Sennholz

Posted by tim at September 30, 2005 12:10 PM

On the other hand, we we need not spend time wondering what they would do to our economic order if they were in a majority and at liberty to introduce and enforce the economic prohibitions and limitations of the Koran, instead, we need to spend time, resources, and energy to see to it that such an event never occurs!

Posted by: Richard at September 30, 2005 1:52 PM

What's interesting about Sennholz's remarks is that he ties economic prosperity and economic responsibility to the prevailing belief system of the society. Although this ought to be obvious, pluralists often present the economic welfare of a country as random. And, the media reports the propaganda that the poor economic condition of Middle Eastern countries is the result Western Imperialism. Consequently, Sennholz question seems rhetorical.

Posted by: tim at September 30, 2005 2:18 PM

In other words, the Koran is the source for yet another form of enslavement of a people who are being kept in poverty whilst their leaders get rich at their expense.

Posted by: Maggie4Life Author Profile Page at October 29, 2005 8:50 PM



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