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The fallacy you're committing is not looking at how the Islamic world was run before the Western banks took over post WWI/II, as interest is prohibited in Islam
by azth 5y ago
The fallacy you're committing is not looking at how the Islamic world was run before the Western banks took over post WWI/II, as interest is prohibited in Islam. It is well documented that in Iraq during the Ummayyad period, there were no more people left to accept Zakat because everyone truly paid their fair share (not the trite slogans we hear today).
There can be cycles due to issues beyond our control, however, the cycles we see today are built into the system because of usury and printing fake money to fuel it. As I said, financial folks I spoke with admitted it.