In recent years, there has been a lot of talk about how much radical islamists are influenced by national socialist ideologies like antisemitism and conspiracy thinking. And some similarities are striking. But if you listen to what they are really saying, you will see that they are just as close or maybe even closer to socialist totalitarianism, even though they hate the socialists for their atheism.

The Middle East Media Research Institute has a very interesting video clip of the Egyptian cleric Zaghloul Al-Naggar in which he talks about what he believes to be the downfall of the capitalist system of usury and oppression and his conception of an islamic economy:

Zaghloul Al-Naggar Predicts the Annihilation of America and Calls on Nations to Adopt Islamic Economy

Yes, it is hilarious! But don’t forget that he is very serious about it. People like him are a threat to economic development and political liberalisation in the Arab world.