Economics of Fundamentalism

As Bangladeshi police desperately hunt for perpetrators of recent bomb attacks, the administration needs to ponder over the crux of the issue. I stumbled upon an interesting paper by Abul Barkat, presented at the Cornell university. The paper titled Economics of Fundamentalism in Bangladesh, tries to provide an analysis into the political economy of religious extremism in Bangladesh. An excerpt from that paper:

There is not doubt about it that majority of the powerless people in our country (whatever is reflected in the “statistical economy” of the government relating to index of employment and standard of living) lead their life in extreme sufferings and misery. Share of the poor people in total national household income in our country is on the decline. At the same time, share of the rich people is increasing – this is officially recognized. In parallel, a self-destructing culture of plundering has made its strong roots in the sectors of economy, politics, education and culture. Black money, violence, illegal arms, muscle power, illegal gratification, corruption, mal-administration, oppression-repression, etc. are the determinants of culture of plundering. All these contribute to the rise of economics of fundamentalism and to the consolidation of religion based politics (“Political Islam”) in Bangladesh.

You can download the paper here (pdf, 150 KB)