In response to: Replace capitalism with Islamic financial system: cleric
“The collapse of the capitalist system based on usury and paper and not on goods traded on the market is proof that it is in crisis and shows that Islamic economic philosophy is holding up,” said the Egyptian-born, Qatar-based cleric.
“The Western system has collapsed and we have a complete economic philosophy as well as spiritual strength,” he said at Sunday’s opening of a conference on Jerusalem. >>>>>
In an economic “system based on usury and paper and not on goods traded on the market” the borrower, (the average Westerner), is in a state of crisis from the signing of the contract. The primary reason why many Western experts oppose this, is not because of the name Islam, but because Muslims are amongst the primary whistle-blowers about the inevitability of unjust economic enslavement of the average person.
Those who stand to benefit in a system that practices usury/interest are amongst the primary public-relations representative and co-conspirators of establishing a state of Islamophobia.
Take away the label of Islam, and deal with pure mathematics, logic, social conscience and justice — and the Islamic economic system is no doubt superior to capitalism and communism – put together.
Like the term ‘democracy,’ ‘capitalism’ is purported as great, but in practice is not even applied by the people who champion the cause.