From: Lee Daniel Crocker (lee@piclab.com)
Date: Thu Feb 20 2003 - 11:09:00 MST
> > But tell us more about Egypt. Have you read Hernando
> > DeSoto's book "The Mystery of Capitalism"? He tries
> > hard to explain the poverty of Egypt, even given the
> > peace and support over the past decades.
>
> I haven't read that book, but I can give you my own
> assessment of why Egypt has not prospered.
Egypt has lots of problems, but one doesn't have to look
too deeply to see the major problem that will always hound
nations with a serious Muslim population: the prohibition
of usury. So long as a large number of people in a country
believe that it's immoral to loan money at interest, that
country will never be economically relevant, and its
population will resent its self-imposed poverty and blame
the "decadent west" for it.
-- Lee Daniel Crocker <lee@piclab.com> <http://www.piclab.com/lee/> "All inventions or works of authorship original to me, herein and past, are placed irrevocably in the public domain, and may be used or modified for any purpose, without permission, attribution, or notification."--LDC
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