Are Arabs ready for democracy?

Colbert's answer starts at the 2:50 minute mark.

Why are there no Arab democracies?

Second paragraph:

The continuing absence of even a single democratic regime in the Arab world is a striking anomaly—the principal exception to the globalization of democracy. Why is there no Arab democracy? Indeed, why is it the case that among the sixteen independent Arab states of the Middle East and coastal North Africa, Lebanon is the only one to have ever been a democracy?

Last sentence:

When the global revolution in energy technology hits with full force, finally breaking the oil cartel, it will bring a decisive end to Arab political exceptionalism.

Larry Diamond, Journal of Democracy, January 2010.