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Hmm u r a communist
Finance helps bringing money to those who will invest! remember the oromo woman we took as example!
the finance will help her have access to my money 100 DOLLAR
Gurey, deep in yourself u r a communist
You make me remember one of my communist teacher who always used to give as this example:
Imagine an entrepreneur:
he invests money and produces some commodity and sells it and make profit;
he always used to ask us where comes that profit from!
he used to say calculate oll the cost! raw material, workers salary..
His answer was the only way the profit comes is that the he hasnt paid the workers wat he should pay them!!! thus the profit, the plus value, is the exploitation of the worker.
On this lets continue tomorrow!
I will highly appreciate if u advise some books on ancient egyptian economy, or any interest free economy
B.
Interesting views. Do you study economics? How do you know so much on the subject?I was asking the question, why do we needs banks anyway.
They are a dangerous parasite that should be eliminated.
Successful countries have tamed the banks and made sure they are well behaved pets that work for the benefit of society not the vampire elite.
The best examples are the asian tigers with Japan in the lead, in Japan the Government directed all major investments, the major corporations and their keiretsu
Like Mistubishi and Sumitomo were allowed to develop gigantic monsterous banks within their structures,as long they followed the plans set by the Ministry of International Trade and Industry.
The korean chaebols like the Kias, the Hyundai and Daewoos were not allowed to own their own massive banks by the korean government.
The government in korea made sure the major banks were under government control.
The same with Singapore, Malaysia and Taiwan.
The same successful pattern was followed by other former developing countries..
Finland which was a third world country at independence in 1918, industrialized in only 22 years and was a fully industrialized country by the time of the winter war in 1940.. an amazing rate of development as fast as south Korea and Singapore.
Banks are dangerous creatures, are parastitic vampires that will suck a country dry, inhibit development and basically destroy it,
some countries have attempted to tame them and make them well behaved pets that work for the benefit of the country, but this is dangerous.
Why would you allow a rotwieler, or a tamed lion into your house to play with your kids...
they should be eliminated..
when you eliminate interest and go back to the natural mode of money,
you can use more islamic financial vehicles to provide large investments.
ofcourse as we are focusing on development we should not concern ourselves on how we would finance nuclear power plants or steel mills.
We should think smaller first, farm improvements, irrigation, dams, funding locally based small industries and housing.
for the big ticket items we may not have the choice and we will be forced to borrow money from traditional sources.
A developing country should avoid all debts as much as possible, they should go for joint ventures, or BOT schemes (build Operate,transfer) for major infrastructure plans... they should also try to go for the new "semi islamic" sources from todays so called Islamic banks.
They are nearly identical to western banks, they both depend on interest, but because the Islamic banks avoid speculation and depend on actual production and real good for their business, they are close to islamic ideals as we can get in this kaafir dominated world and we should out of dharuura use them.
True. I've noticed that the economics taught in academia is very ideological. Different institutions have different beliefs. There are so many schools of thought. You're either a keynesian, a hayekian, marxist, a populist, a libertine etc. It greatly reminds me of the countless schools of thought of philosophy and religion. It's no longer about common sense but what - "madhab" if you like - you follow. I'm also an avid history buff - although I'm more interested in classical Rome, greece and the Islamic golden age.no i dont study economics, you do not need to be an economist to understand whats going on.
Most of the economics taught at universities is mostly ideological bullshit, and those who get all the attention and the big bucks are those who do the mathemetical modelling and wierd outerworldy concepts that have no bearing on the real world.
90% is common sense the rest is technical jargon.
Im a student of history, history touches on everything which is what i love about it.
to fully understand history you have to look at the past from every angle, from culture and society, the economic issues, the wars and politics
even down to the fashions and sexual mores and climate environmetal conditions..
its not just this happened on 1492 etc etc etc..
im not an expert, and i encourage all non -experts and even those who think they are experts to dive in and enjoy.
Gurey, are you suggesting going back to the gold Dinar and silver dirham? Wouldn't that reak havoc on a country that want's to be industrialised? I thought if you wanted to be a manufacturing country you would have to have weak currency like china or india?
Gurey, are you suggesting going back to the gold Dinar and silver dirham? Wouldn't that reak havoc on a country that want's to be industrialised? I thought if you wanted to be a manufacturing country you would have to have weak currency like china or india?
Thats is only if you following the export oriented model, its not the only model.
The gold dinar and silver dirham is promoted by this sufi group the almurabitun.
Interesting group, ive met one of their main guys a spanish revert called Umar vadillo, coincedently he lives in jumierah dubai.
I disagree with them about currency though, i think they are too rigid and unimaginative, they are however spot on about the rest of their economic policies.
Thye are wierd but i think they are kool, a sufi tariqa that focuses on economics and is very succcessfull in dacwa.
They have opened a zawiya in chiapas mexico and they have already converted thousands of native mexicans to islam.
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