For a capitalist system to work, the state had to protect, not regulate or interfere with, free markets. Both for political and religious reasons, this the sultan could not do: The Ottomans had then no idea of the balance of trade. . . . Originated from an age-old tradition in the Middle East, the Ottoman trade policy was that the state had to be concerned above all that the people and craftsmen in the cities in particular would not suffer a shortage of necessities and raw material. Consequently, the imports were always welcomed and encouraged, and exports discouraged.
( Victor Davis Hanson )
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