“It is capitalism, not democracy, that the Arab world needs most”

“It is capitalism, not democracy, that the Arab world needs most”. This was the thought provoking title of a very helpful analysis of the current situation in the Arab world. It also highlights an essential need – jobs and business development, and the legal framework needed to that end.

The word capitalism is full of connotations, some quite negative. Thus is may be helpful to convey what Pope John Paul II said in Centesimus annus 1991:

“Can it perhaps be said that, after the failure of Communism, capitalism is the victorious social system, and that capitalism should be the goal of the countries now making efforts to rebuild their economy and society? Is this the model which ought to be proposed to the countries of the Third World which are searching for the path to true economic and civil progress?

The answer is obviously complex. If by “capitalism” is meant an economic system which recognizes the fundamental and positive role of business, the market, private property and the resulting responsibility for the means of production, as well as free human creativity in the economic sector, then the answer is certainly in the affirmative, even though it would perhaps be more appropriate to speak of a “business economy”, “market economy” or simply “free economy”.

But if by “capitalism” is meant a system in which freedom in the economic sector is not circumscribed within a strong juridical framework which places it at the service of human freedom in its totality, and which sees it as a particular aspect of that freedom, the core of which is ethical and religious, then the reply is certainly negative.”

This lack of freedom in the economic sector is one of the dire problems in the Arab world. A businessperson in Tunisia started the so-called Arab Spring. His aspirations were freedom and rule of law principles in the marketplace. It was not a call for political freedom in general, nor a demand for a general election or for the right to freely surf on the Internet.

The article in The Telegraph will elaborate further. To read the article, click here –> “It is capitalism, not democracy, that the Arab world needs most”

It may also be helpful to read the following article: To Help the World’s Poor, Give Them Real Jobs

It is about human dignity and long term solutions: In surveys about people’s biggest concerns worldwide, income and employment pretty much always come out on top. Polls across countries also suggest that losing a job is one of the biggest possible hits to self-reported happiness.”

To read the article, click here –> To Help the World’s Poor, Give Them Real Jobs

Mats Tunehag