July 18, 2004
church + state = ethical economic system? (opinion, quote)
-Nicholas Klassen, Islamic Economics
While I wholeheartedly agree with the above quoted statement (poor economies would benefit enormously if their agricultural efforts weren't devalued and effectively ignored by US and EU subsidies), I regard the rest of the article as a philosophical step backward. While its main point that an Islamic economic system would be fundamentally more ethical than today's corrupt Western corporate system is certainly arguable, Bernard Lewis and I share the view that it is (at least, currently) unworkable and widely susceptible to backslides into thoroughly un-democratic situations.
As Mr. Lewis also mentions in the 1995 speech linked above, "Islam" can be creatively interpreted and requires a more specific definition. Islam when used in the context of an "Islamic institution" is not just that, it is also a political system that does not mesh well with change and democratic dissidence when the majority happens to go against divine decree.Posted by yargevad at July 18, 2004 02:03 PM