The Rise of Islamic Capitalism
Why the New Muslim Middle Class Is the Key to Defeating Extremism
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Description de l’éditeur
Leading authority on the Islamic world and influential advisor to the Obama administration Vali Nasr shows that the West’s best hope of winning the battle against Islamic extremists is to foster the growth of a vibrant new Muslim middle class. This flourishing of Muslim bourgeoisie is reshaping the mind-set, politics, and even the religious values of Muslims in much the same way the Western bourgeoisie lead the capitalist and democratic revolution in Europe. Whereas extremism has grown out of the dismal economic failures of the authoritarian Islamic regimes, Nasr explains, the wealth and aspirations of this Islamic “critical middle” put them squarely at odds with extremism. They have ushered in remarkable transformations already in Dubai, Turkey, and Indonesia, and they are the key to tipping the balance in both Iran and Pakistan. As he writes “the great battle for the soul of the Muslim world will be fought not over religion but over market capitalism.”
PUBLISHERS WEEKLY
Nasr (The Shia Revival) offers a fresh look at the future of religious extremism in the Middle East, suggesting that "the great battle... for the soul of the region will be fought not over religion, but over business and capitalism." He posits that a rising middle class seen most dramatically in Dubai, but a force across the whole Muslim world is far more interested in economic success than in fervent religiosity, even as many bring a distinctly Muslim approach to the business they do. He points out that while the Reformation created the modern world, it wasn't that era's "intolerant faith" that made the transformation but rather "trade and commerce," adding that "values gain currency when they serve the economic and social interests of people." His in-depth analysis of the failures of various governments to provide for their people, as well as special focus on what is working in Turkey, and what is crippling Pakistan, helps drive his thesis home. Nasr's analysis can't help being somewhat hobbled by the fact that it depends heavily on the shifting sands of history-in-the-making, but his approach is sensible, well-argued and deserves close attention.
