Five Pillars of Economic Development

Self interest is one of the rudimentary elements of sound economic policy, in fact. For this African Spring, as in development generally, we can actually identify at least five basic principles which must be adhered to for success. These five pillars of economic development would be: 1. free markets 2. free trade 3. promotionalism (legalities and such) 4. capital intensiveness (wealth creation) 5. self interest (comparative advantage, self-determination) It is not coincidence or mockery that the term 'five pillars' is utilized here to describe the point. They are in fact part and parcel of the Muslim Koran system which has over the centuries generated so much development, from the Timurid on. That does not suggest that they are counter Christian by any means, either. They probably do as much to explain the level of success both of those religions have experienced in history. Christianity and Islam, in fact, have a great deal in common, and a great deal to work together on. These five pillars are, indeed, the essence of the Judeo-Christian and Islamic tradition. Anyone who does not understand that and is not willing to accept that is, in fact, rejecting the entire tradition of Abraham, Moses, Christ, and Muhammed -- probably consciously rather than by error, though few will be prepared to admit that. Some may wish to proselytize to the contrary. They, however, can read, if they would, and they will have to answer to their God for their abuses. John, in fact, had a name for them. He called them alternatively the beast and the anti-christ. He also identified the logos which is the essence of these five pillars -- we find the term filoque used in the same fashion. Return to beginning of Spring 98 issue Return to beginning of eJPS 1