I am very skeptical, but Peruvian economist explains his thesis in The Capitalist Cure for Terrorism
Military might alone won’t defeat Islamic State and its ilk. The U.S. needs to promote economic empowerment.
De Soto has a lot of experience in developing economies, but not in societies where the will of the individual is subjugated to a cult of violence. I hope he is right.
The Arabs can only be saved if they want to be. Why should they, when they are on schedule to rule the world and make the capitalists work for them?
My fear after reading the article in the weekend Wall Street Journal and your excellent post may be stated as follows”
“If it sounds too good to be true…”
However, look at the path that Northern Ireland took in their “Troubles”. Mush of the revolution was taken down by a rising economy. Would that De Soto’s prescription was true.