Could Islamic Finance rescue the global economy?
By: Harris Irfan
Is there a place for ethics and morality in the global economy? Should we continue to rely on governments to tweak at the margins of financial regulation, or is there a credible argument that a root and branch reformation is required – a revolution in capitalism?
Anthropologist and co-founder of the Occupy Wall Street movement David Graeber believes – along with an increasing number of leading intellectuals – that the world’s reliance on our current banking system has had a catastrophic impact on society, leading to an increasing divide between rich and poor, an increase in contemporary versions of debt bondage, and perpetuating the idea that credit creation is a mark of human progress.
Reports of Israeli massacres against Gazan families surface
By: Max Blumenthal
As the five-day ceasefire between Israel and Hamas took hold on August 15, residents of Shujaiya returned to the shattered remains of their homes. They pitched tents and erected signs asserting their claim to their property, sorting determinedly through the ruins of their lives.