Why Socialists Can’t Reform Capitalism | Islamic Economics the Answer?

Socialists don’t want to change our interest-based banking system, but Islamic Economics does. We break down Capitalism’s real problem, which both right and left ignore! More ⬇️

Thanks to Sheeza Shah of UpEffect & Re-Envision Business Podcast.

UpEffect: https://www.theupeffect.com/sheeza-shah

Re-Envision Business Podcast: https://shows.acast.com/re-envision-business

FULL INTERVIEW Part 1: https://open.spotify.com/episode/7rQvLL7k3DHqmeJkKcJwQ1?si=10b42e375fad41ae

FULL INTERVIEW Part 2: https://open.spotify.com/episode/2WCFBVCVWbDNgd9kuE2T7R?si=8a746dca418f4d68

Read more about the Islamic Economics: https://www.alislam.org/book/economic-system-islam/


Capitalism & Socialism

0:00 – Introduction
2:08 – Questioning socialism
6:20 – The natural history of capitalism
12:36 – Is the problem the system, or corrupt leadership?
17:40 – The harms of global capitalism
20:40 – How does interest/debt create inequalities?
29:00 – Hypocrisy of the West on development
32:22 – Endless Growth & Big Tech
41:25 – Socialism

Islamic Economics

45:00 – Principles of Islamic Economics
1:00:05 – Moral change in Islam
1:11:45 – Islamic economics: socialist or capitalist?
1:13:15 – Do people really WANT change?
1:19:10 – Muslim countries aren’t following Islamic Economics!

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