AOA.
I appreciate your arguments regarding capitalism.
Actually we have not been able to achieve a perfect economic system yet.(economic recession proves the point)
both capitalism and socialism have flaws..for sure capitalism is better than socialism and communism.
Islamic principles can help us to remove these flaws.
- capitalism is based on interest..which is the major cause of increasing gap between rich and poor.
- due to paper currency, market remains unstable
- china is acquiring gold from all sources in exchange of dollar(paper currency) and have plans to switch its foreign exchange in real money(gold).
- sir the meeting of states men of major Asian country decided to switch over to gold for foreign exchange reserve and trade.
- capitalism has changed our values; every person in this epoch of history values money.
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- for every minor to major necessity people have to depend on money..70% of our education is provided by private sector ..same is the case with HEALTH, even SECURITY is provided by private security companies...growing trend of privatization proves my point...off course privatization of telecommunication sector was a success. but education,health and security are prime responsibilities of a state.
- By equality we does not mean that every one should have same car or salary it means that every one should have equal opportunities to make their life better..opportunities should not be dependent on money.
- Children of one should not die due to lack of money(there are examples if we are seeing one)
- Tax collected in our system is bound to spend on ares like model town or defense, areas of tax-evaders
- ZAKAT-Tax address poor people of a community and maintains necessary equilibrium..evade poverty , jealousy and crime.
- increasing difference gives way to terrorism and freedom movements
- Much can be said but i have made my point
Regards
TE-ENG.FAISAL RAZA