Islam’s Universal Economic Failure

If Romney accomplished nothing else during his Israeli visit, he did manage to offend every single Palestinian Arab terrorist group, all of whom, the Palestinian Authority, Hamas, Islamic Jihad, the PFLP and the DFLP, issued press releases denouncing him. American media outlets have been denouncing him for saying that the GDP Per Capita differences between Israel and the Palestinian Authority represent a contrast in values.

The official media narrative is that these differences are the results of oppression, checkpoints and blockades. But then why does the IMF put Israel’s GDP Per Capita well ahead of the oil-rich kingdom of Saudi Arabia?

Saudi Arabia has no Israeli checkpoints, no Israeli soldiers or planes flying overhead. It has wealth literally pouring out of the ground with a fifth of the world’s petroleum reserves. And yet the IMF puts it 13 places behind Israel and the World Bank puts it 8 places behind Israel. The only Muslim countries with a better GDP Per Capita than Israel are small monarchies drowning in oil....

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