Pervasive Capitalism and its Mutations – Does Iqtesaad Offer an Alternative?

From its genesis, capitalism has had near universal acceptance as being inextricably linked with all economic activity: good or bad. This impulsive position continues unabated, despite the tumult of the past few years. Even its detractors have found themselves wanting when trying to expunge the term from their collective psyche; As the fervent critic Ha Joon Chang says “capitalism is the worst economic system except for all the other forms.” [1] Continue reading Pervasive Capitalism and its Mutations – Does Iqtesaad Offer an Alternative?

The GameStop Short Squeeze: An Islamic Perspective

Why did a seemingly ungainly retail video games shop cause such a tumult in the haughty egotistical world of Big Finance? . . . As the saga unfolded . . . more searching questions were raised about the volatile and often vacuous nature of the stock market in a capitalist system. The global capitalist financial structure often gets a free pass, as the alternatives . . . are simply ignored as being too coarse and impracticable. Continue reading The GameStop Short Squeeze: An Islamic Perspective