Jet fighters, smart bombs, terrorism and ethnic cleansing have not exactly improved the Middle East. Yet the perennial world trouble spot is not without resources — an increasingly educated population, massive energy resources and ample capital — but still suffers economically, with the world’s worst unemployment rates.
Perhaps the way out of the region’s dilemma lies in allowing entrepreneurs to lead the region out of its current chaos. What warfare has failed to do, perhaps capitalism could accomplish, turning a violence prone disaster area into a marketplace success story.
Wherever they settle, people from the region shine as entrepreneurs.
-Joel Kotkin, as culled from the beginning of this column
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