Tuesday, May 29, 2007

The Middle East's Greatest Hope

Capitalism is an amazing force.

Never has such a force done so much good for society than capitalism

It breeds innovation, wealth, peace and wipes out poverty at a rate and level that socialists could only dream of achieving.

And I am sincere when I say that the more and more I think about it, capitalism is the only force that can quelch the insanity of radical Islam and provide the idiot nutjobs an alternative to blowing themselves up in a fruitless attempt to get to heaven. Heck, look how it's converted all of Mao's "devout" followers, not to mention lifted hundreds of millions out of poverty in China. If it can convert communist China, it certainly can provide hope to the middle east, and the UAE is just such a hope.

This is an amazing chart, and I truly and genuinely believe that the solution to the problems of the middle east lie here; letting their people and commerce be free to do as they chose, just not blow people up. Additionally I think the UAE in diversifying their economy beyond oil will position themselves to handle the inevitable time when oil becomes either obsolete or depleted splendidly and will, overtime, soon increase their standards of living beyond their Saudi counterparts.

No wonder Halliburton moved there.

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