The Cold Truth

Here’s some advice to ignore:

Muslims should take advantage of the global financial crisis to build an economic system compatible with Islamic principles, influential Sunni cleric Sheikh Yusuf al-Qaradawi said on Sunday.

“The collapse of the capitalist system based on usury and paper and not on goods traded on the market is proof that it is in crisis and shows that Islamic economic philosophy is holding up,” said the Egyptian-born, Qatar-based cleric.


OK, dude. Collecting royalties on oil your people did not find, could not extract, and don’t know how to refine is most emphatically not an economic philosophy.


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