Once again, the neocons have supported the expansion of popular and democratic Islam:
Mustafa Abdul-Jalil, the chairman of the National Transitional Council and de fact president, had already declared that Libyan laws in future would have Sharia, the Islamic code, as its “basic source”….
Mr Abdul-Jalil went further, specifically lifting immediately, by decree, one law from Col. Gaddafi’s era that he said was in conflict with Sharia – that banning polygamy. In a blow to those who hoped to see Libya’s economy integrate further into the western world, he announced that in future bank regulations would ban the charging of interest, in line with Sharia. “Interest creates disease and hatred among people,” he said.
So, how is this in the American national interest, exactly? And actually, if you think about it, what is the real difference between formally banning interest, as Abdul-Jalil has directed, and reducing the interest rate to zero, as Bernanke, King and Trichet have done.