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Reader comment on item: Islamic Economics: What Does It Mean?

Submitted by Henri Pirenne (United States), Sep 28, 2007 at 09:41

Many years ago I explained in "Mohammed and Charlemagne" that Europe owed it's economic development to Islam's expansion and control of the Mediterranean Sea. For those unfamiliar with my work, let me summarize:

Prior to Islam, Europe was centered around the Mediterranean Sea. Following Islam's expansion into the Mediterranean, Europe's center moved north to the lands of the Germanic tribes. Cities developed, economies changed, capitalism took root. As I famously said, "Without Mohammed threre would not have been a Charlemagne". Islam had no specific economic system then, and it has none today. It attempts to expand by either conquering or assimulating other nations and peoples. Once in control, it uses sharia to expand Islamic religious powern while all other areas of life, including economics, moves along without much direction. Today's Islamic nations are a testimony to this.


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