Analyses of U.S. Economic Crisis

Husayn b. Mahmud and Akram Hijazi, two influential voices in the jihadosphere, have opined on the U.S. economic crisis. Husayn, a pundit on Hesbah, argues that the U.S. financial crisis is happening because the U.S. spent too much money fighting wars in the Middle East and too little on domestic projects that would have created jobs and driven demand for materials.  The U.S. is fighting these wars to safeguard oil and oil pipelines but it did not count on the fierce “Jihadi resistance.”  Now it and its allies will pay the price. Akram Hijazi, a Jordanian professor and blogger, takes a different tack.  Rather than argue that U.S. military intervention in the Middle East is the root cause of the crisis, Hijazi asserts that the real cause is America’s unbridled capitalism based on usurious loans that benefit the few at the expense of the many.  The government’s recent intervention will