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So in the same paragraph you blame capitalism for something the government does without our consent? We have to at least assign blame equally, instead of pickin
by zo1 6y ago
So in the same paragraph you blame capitalism for something the government does without our consent? We have to at least assign blame equally, instead of picking and choosing which involved systems and actors to blame. Especially if we can't agree on the actual causes.
On a side note: I have seen some good analysis/speculation/theorizing done about how interest/loaning would work in a world without government-regulation. Have a look, there may be some redemption in those concepts for you if you divorce them from government meddling (which I would posit, causes a huge chunk of all the evils we blame on capitalism).
- gher-shyu3i 6y agoWe have to move away from interest as an underlying mechanism, it's one of the root causes of the chaos in today's financial world. The superior model is investments, similar to how VCs invest in companies in exchange for equity. Loans are to be relegated to charity only. If we apply all this, loans will become close to non-existent. We have seen this successfully work because interest is prohibited in Islam, yet it was able to flourish especially in the Islamic Golden Age to push the boundaries of knowledge and science and exploration, during a time where Europe was in the dark ages.
- Miraste 6y agoHow do you reconcile your idea that Islamic banking systems will lead to no inflation with the inflation rates of countries that have large Islamic banks, which are much higher than the US?