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Quran Capitalism and Inequality - Part 1

Quran Capitalism and Inequality - Part 1

FromQuran Talk


Quran Capitalism and Inequality - Part 1

FromQuran Talk

ratings:
Length:
31 minutes
Released:
Apr 26, 2019
Format:
Podcast episode

Description

Subscribe to the podcast and notes: https://qurantalk.podbean.com/
Quran translation on iOS: https://apple.co/2C1YGXj
Additional Resources: http://www.masjidtucson.org
Contact: qurantalk (at) gmail (dot) com
 
Has world poverty gotten worse or better in the last 30 years?
(less than a $1/day adjusted to inflation in 1970 to $1.90/day)
From 1990 to today there has been ~65% reduction in extreme poverty (from 36% of world population to <10% today)
From 1970 to today 80% reduction in extreme poverty
If you ask economists what was the cause of poverty decline their answer is unanimously contingent on these five points:
Rule of Law
Property Rights
Free Trade
Globalization
“Commerce takes more people out of poverty than aid - aid is just a stop gap” – Bono Georgetown University
“Free markets have taken more people out of poverty than any system in history they have lifted billions out of poverty” – Barak Obama
If you apply Quranic principles you will reap the benefits 
Like if someone fasts, eats in moderation, doesn’t drink alcohol they will be more healthy than someone who does (irrespective if they believe or not) 
#1 Rule of Law
[25:1] Most blessed is the One who revealed the Statute Book to His servant, so he can serve as a warner to the whole world.
Democracy vs. Republic
Majority Rule vs No One Above the Law
Catch a person accuse them of robbing a bank
35 vote to hang the person the one guys votes not to be hanged
Democracy the person will be hanged
Republic the question is are the people allowed to hang someone for robbing a bank? What due process is the accused guaranteed? How should the trial and verdict be handed out?
https://www.youtube.com/watch?v=JdS6fyUIklI&t
[5:48] Then we revealed to you this scripture, truthfully, confirming previous scriptures, and superseding them. You shall rule among them in accordance with GOD's revelations, and do not follow their wishes if they differ from the truth that came to you.
In a republic, no one is above the law
[3:161] Even the prophet cannot take more of the spoils of war than he is entitled to. Anyone who takes more than his rightful share will have to account for it on the Day of Resurrection. That is when each soul is paid for whatever it earned, without the least injustice.
Obviously, people have different interpretations of laws and the Quran is no different? So how can we institute God’s laws despite our own shortcomings as individuals?
Let’s say you want to split a bowl of ice cream? What is the fairest most simple way to do this?
I cut you choose
How do we apply God’s law? If the table were turn would  we feel injustice?
[5:8] O you who believe, you shall be absolutely equitable, and observe GOD, when you serve as witnesses. Do not be provoked by your conflicts with some people into committing injustice. You shall be absolutely equitable, for it is more righteous. You shall observe GOD. GOD is fully Cognizant of everything you do.
[4:135] O you who believe, you shall be absolutely equitable, and observe GOD, when you serve as witnesses, even against yourselves, or your parents, or your relatives. Whether the accused is rich or poor, GOD takes care of both. Therefore, do not be biased by your personal wishes. If you deviate or disregard (this commandment), then GOD is fully Cognizant of everything you do.
You Shall Keep Your Word
[16:91] You shall fulfill your covenant with GOD when you make such a covenant. You shall not violate the oaths after swearing (by God) to carry them out, for you have made GOD a guarantor for you. GOD knows everything you do. [16:92] Do not be like the knitter who unravels her strong knitting into piles of flimsy yarn. This is your example if you abuse the oaths to take advantage of one another. Whether one group is larger than the other, GOD thus puts you to the test. He will surely show you on the Day of Resurrection everything you had disputed. [16:93] Had GOD willed, He could have made you one congregation. But He sends astray whoever chooses
Released:
Apr 26, 2019
Format:
Podcast episode

Titles in the series (100)

We worship God alone and follow the Quran alone. Submission = True Islam = Strict Monotheism = Religion of Abraham. www.qurantalk.co.