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.
By: Uzman Muhajir
Building strong, economic communities in the Muslim world is an idea whose time has come. It is evident that the Islamic world isn’t lacking natural resources, abundance in labor, innovative talent or even historical legacy with which to draw from. What it is lacking is a vision. A vision to transform itself into a strong, cohesive community that utilizes its resources in the best possible way and establishes a foundation, where peace, prosperity and progress are the order of the day.
For the Muslim Ummah to transform itself into a community that can thrive in the 21st century, it must focus on one thing: self-reliance and independence.