The Rise of Islamic Capitalism: Why the New Muslim Middle

The Rise of Islamic Capitalism: Why the New Muslim Middle Class Is the Key to Defeating Extremism (Council on Foreign Relations Books (Free Press))

Leading authority on the Islamic world and influential advisor to the Obama administration Vali Nasr shows that the Westâ€™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 â€œcritical middleâ€ 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 â€œthe great battle for the soul of the Muslim world will be fought not over religion but over market capitalism.â€
Country USA
Manufacturer Free Press
Binding Kindle Edition
ReleaseDate 2009-09-15
Format Kindle eBook

The Rise of Islamic Capitalism: Why the New Muslim Middle Class Is the Key to Defeating Extremism (Council on Foreign Relations Books (Free Press))