Islamic countries generally handle money badly. The Koran proscribes interest on loans. Although Muslim businessmen have always found ways to get some ways to achieve gain from any time-based contracts, those means are not clever enough for dealing with the costs of borrowing from non-Islamic bankers. If there is a big project and local capital is scarce (remember: Islamic countries as a rule handle money badly), then any mistakes or failed government policies can lead to financial disaster.
I am not surprised that Trump and Erdogan have had a falling-out. Neither is trustworthy.
I am not surprised that Trump and Erdogan have had a falling-out. Neither is trustworthy.
The ideal subject of totalitarian rule is not the convinced Nazi or the dedicated Communist but instead the people for whom the distinction between fact and fiction, true and false, no longer exists -- Hannah Arendt.
