Of course it is. It's working very nicely for countries which will allow their people to participate in it.
To dictatorships and Islamic tyrannies, allowing people the freedom to choose what to buy and not to buy will always be anathema.
Economic freedom is not the problem, the LACK of it is the problem!
The culture that is exported like a virus inside hollywood movies is not compatable with traditional cultures. Consider the impact of consumer culture and ideology in the poor neighborhoods of Cairo. These are some of the most densely packed urban zones in the world. The Islamic culture is what keeps it livable for these people. Theft is practically non-existent, daughters are safe, sons respect their fathers. Sons have fathers.
These social groupings stretch back countless generations. You are suggesting that hollywood movies, abortion on demand, divorce on demand, smut, suggestive skimpy clothing, rap music, the general grasping, impatient, superficial and selfish mindset that is imprinted on consumer culture is going to benefit poor people in the villages and ghettoes of places like Egypt? No.
In any event, the mullahs are not going down without a fight. They are good nationalists and they will fight to preserve their culture. And I agree with their point of view. Not, of course, the bombing of the WTC, but with their general program of fighting to preserve their culture.
Look what has happened to the West? The Englishmen is practically a minority in London. Anyone who complains is a racist. We are being mixed so severely in America with the world's peoples that we will eventually all become mestizos. I happen to think European culture, the old one, is worth preserving. I find that I have something in common with traditional nationalists the world over.