LOL! I think you're right - socialism was certainly a contributing factor. That's the thing that the riots in US black ghettos had in common with the French riots. They took place among people who had been rendered completely dependent by socialism, and whose sense of grievance had been honed by Marxist rhetoric, substituting "race" for "class," and making them see the situation as hopeless and violence as inevitable.
However, the difference is that race by itself cannot be an ideology, and there's really not enough intellectual motivation to keep violence going for any sustained period of time. Once the thrill is gone or the goodies have been gotten and there's nothing left to loot, it's over.
Islam, on the other hand, has a perpetual sense of grievance because it is such an authoritarian, intellectually stifling, fatalistic creed that its adherents are incapable of human progress - and Islam encourages them to blame others for what is a fundamental failure in their world view, constructed by that same Islam. Since they have no way of improving their own situation, they simmer with constant resentment and wish to destroy what they cannot build. They feel they are being cheated of what should rightfully be theirs, and Islam tells them - and has since its beginnings with the bandit-leader Mohammed - that they should be able to take it by force and destroy anything that stands in their way.
Islam, on the other hand, has a perpetual sense of grievance because it is such an authoritarian, intellectually stifling, fatalistic creed that its adherents are incapable of human progress - and Islam encourages them to blame others for what is a fundamental failure in their world view, constructed by that same Islam.The only thing wrong with your analysis is that I have absolute experience of the opposite. I work in NY, in IT, and many of my coworkers are Muslims (from South Asia, not Arabs, that's true), who are as hard working, as family-oriented, as mortgage-conscious, and as tech-savy as anybody else I work with. I know that Islam is bad. Especially among the Arabs. But if people are offered jobs and opportunities it changes them. If we lose sight of that, then what's the point of promoting capitalism and free enterprise?
Our president believes that giving people a choice of an open society is always a good thing to do. I believe that too.
Islam is a sick religion, no doubt about it. But the far far greater evil is Socialism.