Ideology
For its adherents, Arab socialism was a necessary consequence of the quest for Arab unity and freedom, as only a socialist system of property and development would overcome the social and economic legacy of imperialism and colonialism. At the same time, Arab socialism widely differs from the Eastern Europe and Eastern Asian socialist movements, which were atheist. Unlike their Chinese counterparts, the basis of Arab nationalism is not ostensibly doctrinal, but cultural and spiritual. Thus, the "anti-spiritual" socialism of Eastern Europe and Eastern Asia was considered ill-adapted to the Arab World. As with socialist ideologies across the world, there has historically been a strong internationalist tendency in the Arab socialism; however, it was based primarily on anti-imperialism, and non-alignment, particularly during the Cold War.
Nasserist Arab socialism believes that socialism requires public control over the means of production but claims that public control does not necessarily require nationalization of all means of production nor the abolition of private property but that private property should always be subject to public control.
While Arab socialism in its heyday endorsed much of the economic and social programme of Eastern European-style socialism, its divergent intellectual and spiritual foundations imposed some limits on its revolutionary potential: the ownership of the means of production was to be nationalized, but only within the constraints of traditional values such as private property, and inheritance. So-called primitive social structures, such as feudalism, nomadism, tribalism, religious factionalism, and the oppression of women, were to be overcome, but not at the cost of severing the social ties that constituted the Arab identity.
Arguably, the most notable economic manifestations of Arab socialism were the land reforms in Egypt (1952), Syria (1963), and Iraq (1970), and the nationalization of major industries and the banking systems in those countries. In Egypt and Syria, many of these policies were later reversed to some degree from the 1970s onwards. They were more successful in Iraq, possibly due to the country's oil wealth, until the beginning of the Iran–Iraq War in 1980.
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