So I take it Lebanon doesnt operate on the strict islamic system of banking, that I thought was designed to prevent financial collapses like these? Or am I just wrong in assuming that said system is meant to be more robust?
Western media likes to classify along a bell curve (radical Islamic, moderate, liberal, etc). That classification is mostly wrong though. As an example Iran is more liberal than Saudi Arabia in its treatment of women. It’s not the west, but women have been in government, can hold jobs, drive etc. However, Iran is generally radical but the Saudis are moderates. So go figure
the iranian govt is radical islamic, but its citizens are largely moderate and pro US
the saudi govt is moderate, but its citizens are radical islamic and want death to the US
Their banking system is similar to Switzerland's, at least that's what it used to be. Now it's just a fully burnt down dumpster.
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Excuse me?
Perhaps you'd like to go to Lebanon and explain that to them. They could do with a good laugh in such destitute times
And I include that because in this context they are counted and allowed right to vote ( many do). They are even the biggest source od foreign currency for Lebanon. The system in Lebanon is unique (you vote according to your religion and the power is splitted according to that) but also it is not considered Muslim majority country because of this numerical fact.
Lebanon never had any islamic financial system and their system gives the power of the Lebanon central bank to Christians as part of the split [2]. Lebanon usually follow france and their elite class is very attached to foreign power. sunni supported and attached to the golf, Christians to France and shia mostly to iran influence.
(1) https://en.m.wikipedia.org/wiki/Lebanese_nationality_law
Not only are Muslims officially (by gov stats) in the majority, it is also widely known and commonly accepted that if a modern, true census was to be done today, it would show that the Shia's at least were hugely undercounted.
Because of the schizophrenic nature of Lebanon's power structure, the other factions have refused to allow such a counting to take place.
No-one who has spent more than 5 minutes in Lebanon, and how has some basic affinity for the truth, would deny that.
But you carry on googling stuff and quoting CIA reports.
This describes most modern countries
Outside of disaster porn enthusiasts, glorious for who? If EU, USA, or China falter the whole world will suffer. With the worst of it falling, as always, on the poorest. The wealthiest (countries and people) tend to gain ground in a global crisis.