16min chapter

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Islamic Economics: Solving Wealth Inequality by Mixing Libertarianism with... SOCIALISM??

The Blockchain Socialist

CHAPTER

Islamic Economics and Wealth Inequality

This chapter delves into the principles of Islamic economics and their relevance to current issues of wealth inequality. It examines early Islamic trade practices in Mecca, emphasizing meritocracy, wealth circulation, and the moral value of individuals over economic status. The discussion highlights historical mechanisms like Zakat and Waqf, exploring their effectiveness in addressing socioeconomic disparities and contrasting them with modern capitalist practices.

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