Why people just read half of statements?
Islamic banking doesn't charge interest... but this ain't all! Islamic bank charges commission for transactions, making it way more expensive than interest-based banking and put the burden at the wrong side - depositors. Basically nobody will want to have an account there.
Zakat is the same as old Christian charity, common during Middle Ages, and it never prevented any poverty, it's just a rudimentary version of welfare.
Topic: Solution to poverty - Socialism or Capitalism? - page 9. (Read 30782 times)
We probably need a brand new system, something in between i reckon.
All kinds of nope.
Consider the USA.
Started out capitalistic, very small government, the USA.
Now very communistic, very large government, the USSA.
If you want an 'in between' of the system, your just saying you want to wind the clock back to a time when the capitalistic/communistic mix was a little more in favour of capitalism.
Then then the clock starts ticking and low and behold, government gets bigger and fatter and more communistic and boom! your back to this thread all over again.
We probably need a brand new system, something in between i reckon.
not with these two systems, I think is still one more system could be an alternative economic system is an islamic economic system, with its system of zakat, the Islamic economic system can ensure poor people in a country will be reduced, even so there are no more poor people in a country, this is a charity system of cross-subsidy system where the rich will subsidize the poor until the poor are able to meet their needs, zakat system is not only to give money but give a program funded from zakat, the charity receives will run the program so that he can return back the money the charity, so that eventually the receiving charity can be a person who gives alms
hopefully This system could be an alternative system that replaces both the economic system ...
hopefully This system could be an alternative system that replaces both the economic system ...
there is literally pages of well reasoned arguments about why capitalism solves poverty in here but you start with 'not with these two systems' and end with Islamic modelled economy?
gtfo.
Then why do the capitalist nations all have significant portions of their population living in poverty? Besides, Zakat and interest free loans could exist in a capitalist economy, and if it did it would likely have a positive effect on reducing poverty.
1. Capitalist nations have no problems with poverty, rather nations you are describing as capitalist are by definition not capitalist at all, but socialist.
2. We already have 0% interest thanks too central banks, how's that working out for poverty?
not with these two systems, I think is still one more system could be an alternative economic system is an islamic economic system, with its system of zakat, the Islamic economic system can ensure poor people in a country will be reduced, even so there are no more poor people in a country, this is a charity system of cross-subsidy system where the rich will subsidize the poor until the poor are able to meet their needs, zakat system is not only to give money but give a program funded from zakat, the charity receives will run the program so that he can return back the money the charity, so that eventually the receiving charity can be a person who gives alms
hopefully This system could be an alternative system that replaces both the economic system ...
hopefully This system could be an alternative system that replaces both the economic system ...
there is literally pages of well reasoned arguments about why capitalism solves poverty in here but you start with 'not with these two systems' and end with Islamic modelled economy?
gtfo.
Then why do the capitalist nations all have significant portions of their population living in poverty? Besides, Zakat and interest free loans could exist in a capitalist economy, and if it did it would likely have a positive effect on reducing poverty.
I only can say is there is no solution for poverty. Lets just face reality
1 billion people got out of extreme poverty in china in the last 30years by chance?
Must be because in the last 30 years because china has become more communist!
I only can say is there is no solution for poverty. Lets just face reality
1 billion people got out of extreme poverty in china in the last 30years by chance?
not with these two systems, I think is still one more system could be an alternative economic system is an islamic economic system, with its system of zakat, the Islamic economic system can ensure poor people in a country will be reduced, even so there are no more poor people in a country, this is a charity system of cross-subsidy system where the rich will subsidize the poor until the poor are able to meet their needs, zakat system is not only to give money but give a program funded from zakat, the charity receives will run the program so that he can return back the money the charity, so that eventually the receiving charity can be a person who gives alms
hopefully This system could be an alternative system that replaces both the economic system ...
hopefully This system could be an alternative system that replaces both the economic system ...
OMFG! We are in the XXI Century, none of the ancient economic systems are alternative to any of ours. That system is designed for a sort of Mercantilism and usually ends up in Feudalism.
Anyway, don't forget to pay your zakat when your camel caravan passes by the Quairish tribe...
I only can say is there is no solution for poverty. Lets just face reality
As long as you define poverty as "less than others have", yes, we will always have poverty.
I only can say is there is no solution for poverty. Lets just face reality
not with these two systems, I think is still one more system could be an alternative economic system is an islamic economic system, with its system of zakat, the Islamic economic system can ensure poor people in a country will be reduced, even so there are no more poor people in a country, this is a charity system of cross-subsidy system where the rich will subsidize the poor until the poor are able to meet their needs, zakat system is not only to give money but give a program funded from zakat, the charity receives will run the program so that he can return back the money the charity, so that eventually the receiving charity can be a person who gives alms
hopefully This system could be an alternative system that replaces both the economic system ...
hopefully This system could be an alternative system that replaces both the economic system ...
there is literally pages of well reasoned arguments about why capitalism solves poverty in here but you start with 'not with these two systems' and end with Islamic modelled economy?
gtfo.
Work is the solution of poverty
Then government should provide work for all of us..
It doesn't use your tax to buy arms, it uses corporation tax to buy arms and fund defence. In fact the defence budget is exactly equal to the amount of revenue harvested through corporation tax.
Wanna know what it uses your tax for? Uses your personal income tax to pay interest on the public debt.
not with these two systems, I think is still one more system could be an alternative economic system is an islamic economic system, with its system of zakat, the Islamic economic system can ensure poor people in a country will be reduced, even so there are no more poor people in a country, this is a charity system of cross-subsidy system where the rich will subsidize the poor until the poor are able to meet their needs, zakat system is not only to give money but give a program funded from zakat, the charity receives will run the program so that he can return back the money the charity, so that eventually the receiving charity can be a person who gives alms
hopefully This system could be an alternative system that replaces both the economic system ...
hopefully This system could be an alternative system that replaces both the economic system ...
Solution to poverty = I dont know but automation will kill the current system.
My thoughts:
http://www.yrral.net/log/2014/09/09/automation-capital-labor-deflation-qe/
Work is the solution of poverty
Then government should provide work for all of us..
So you are saying that getting an education and designing automation won't even be a job? What will we do? Sit and play x-box? I think automation frees up labor to do other things. I can't see the future but progress is either good or you can go find a cave.
Frees up labor to do what?
I wish for a world with place for everybody, not just the "automation engineers", and I believe it will be so. Automation requires too much of energy and resources, eventually this will be a problem in a short future.
And not everyone is up to a fully automated World, where you get your McDonald's burger shove into your mouth by a wall mounted mechanical fork. Many still want it to experience a nice meal cooked in a charcoal oven with plain fork, knife and plate...
And then comes the worse nightmare for mankind: The burden of being totally useless. As that's how we feel if one day AI takes over everything, we would be then just a useless pile of bones wondering around.
Work is the solution of poverty
Yeah have fun working when automation has replaced most jobs you genius.
And where it didn't you now have rich people paying for work. Like picking up wine grapes for fun...
So you are saying that getting an education and designing automation won't even be a job? What will we do? Sit and play x-box? I think automation frees up labor to do other things. I can't see the future but progress is either good or you can go find a cave.
Work is the solution of poverty
Yeah have fun working when automation has replaced most jobs you genius.
And where it didn't you now have rich people paying for work. Like picking up wine grapes for fun...
Work is the solution of poverty
Yeah have fun working when automation has replaced most jobs you genius.
Work is the solution of poverty
Then government should provide work for all of us..
They can do that.... put you in a uniform and hand you a rifle.
Some people in the amazon have relatively nothing and are happy. We (USA) have one of everything but we want two.
The best indicator of who will rise from poverty is hard work, and determination. I'm not rich, but I'm not in poverty.... but if I wasn't so lazy, I'd have a lot more :-)
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