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stumu415@lemmy.zip to Political Memes@lemmy.world · 13 days ago

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stumu415@lemmy.zip to Political Memes@lemmy.world · 13 days ago
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    12 days ago

    Noooo totally don’t use California for testing hypothetical ideals of “the islamic economics,” please!

    Among the assertions made for an Islamic economic system by Islamic activists and revivalists are that the gap between the rich and the poor will be reduced and prosperity enhanced, by such means as the discouraging of the hoarding of wealth, taxing wealth (through zakat) but not trade, exposing lenders to risk through profit sharing and venture capital, discouraging of hoarding of food for speculation, and other activities that Islam regards as sinful such as unlawful confiscation of land.

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