The Islamic Prohibition Against Usury Good for Britain?

http://www.guardian.co.uk/commentisfree/belief/2010/jul/17/malaysia-gold-dinar-thwart-capitalism



This would prevent bubbles and busts while making the world slow down. The fact that you cannot lend on interest means that you would only lend someone money for a joint enterprise that you believed in.

As for people who want to borrow money they don't have to buy things they don't need, they would be stopped dead in their tracks, and a good thing too.

Capitalism - the creation of desire for the sake of stimulating sales - is inherently wasteful.

What is wasteful is of course environmentally-unfriendly.

Because the state would be small under an Islamic economic system - top rate of income tax would be 20% - there will no culture of bail-outism.

http://en.wikipedia.org/wiki/Khums

No one will actually starve, because the rest of it would be made up through charitable giving to the needy and vulnerable. 

The culture of bail-outism comes of course from the welfare state, which artificially supports feminism. And we all know what women are like in their whingeing for more state handouts and more nannying legislation to bail them out when they have messed up their lives.


I therefore propose that this country:

1. Re-base the currency after the success of The Islamic Revolution of British Nationalism.

2. Draw a line under the disastrous decimal past by returning to Pounds Shillings and Pence.

3. Governments and individuals would be compelled into practising fiscal responsibility by the prohibition against usury, which is designed to prevent irresponsible lending and borrowing by government and individuals.

Sorted!