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To: AmericanVictory

I work in commercial real estate and they have a well set up system with leases that essentially accomplish the same thing as traditional debt (same remedies, remuneration levels, etc.)


29 posted on 11/14/2008 1:32:22 PM PST by xcullen
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To: xcullen

So that Ferguson is correct, namely, they find ways to interpret the Koran so as to allow the same practices. Which explains why in Tunisia, without oil wealth, they have been able to achieve a level of home ownership unmatched in the rest of the Arab world. Of course, Tunisia has been led by a strongman along the lines of Syngman Rhee or Musharraf who has never put up with the Jihadists and their ilk.

But it is still the case that the bulk of the Islamic world remains mired in poverty apart from oil revenues and singularly lacking in any achievement in the modern world. Which makes the point that if you swiftly and dramatically take away the oil weapon they will have to adapt and will. But a significantly better group of leaders will emerge.


32 posted on 11/14/2008 1:48:59 PM PST by AmericanVictory (Should we be more like them, or they like us?)
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