Quote:
Originally Posted by Subhan Ahmad
Yup, and that is why there is every increasing Wealth gap. Today top 84 wealthiest people's wealth is equal to bottom 35% of the whole world's population. Do you think this is justified?
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I don't think it is justified, but it is a natural outcome. Throughout history of civilization only a few possess power, and if power is vested in wealth than that's the outcome
Quote:
Originally Posted by Subhan Ahmad
You are raising very interesting points brother.  Anyways, Free market economy is a myth. Financial crisis proved that there is no such thing as "pidar madar azad" in Islam :P Citi bank recently got a 7 billion dollar fine because of their malpractices during financial crisis. You can imagine how big the malpractice would be considering the amount they were fined. Free market economy is like a conspiracy that the financial institutions want to achieve so the can suck more blood of the investors. |
Well 'failure' of free market doesn't make it a 'myth', I think it does exist. 'Madar pidar azad' just means 'azad' of moral bounds, not azad of individuals
. And that's what I am pointing to, and you are also making contradictory statements (like giving importance to free market economy and suddenly taking control of it for morality
) that under Islamic teachings economy is 'secondary'