What are the remedies for Capitalism?


It is also necessary to give some set of remedies for the injustice of capitalism with the poor peoples of the society from the capitalist. There must be some remedies available to over come the or at least minimize its drawbacks. I have suggested a few, that is given below,
The first remedy that is necessary and very important is that the peoples who have adopted this system have to move to another system, which is the most profitable, justified and acceptable for every one of the society, and that is Islamic system.
  • It is also necessary to create secondary social mechanisms to support those peoples and sector that do not "fit" in the socio-economic system.
  • It is also important to encourage and include all members of the population to compete, and open up competition to external markets, in order to maximize diversity and flexibility but unfortunately this is not present in this system. Islam only encourages all the peoples of the society, with out any ethics, colors, and family settlement to take part actively in the business and economic activities of the society.
  • Educate the elite to the systemic benefits of resource distribution, and encourage incentives for such distribution. But unfortunately this characteristic is also lack in this system, because the capitalist have no concern with the education of peoples. They are only interested in their own profit; it is a valuable for them. On the other hand if we look at the Islamic economic system, it is based on the principle of equity and advises its followers to do also some thing for the education and the welfare of the society and especially the poor sector of the society.
Nadeem Khan Khattak

The writer is an international journalist, commentator and has vast experience in the international Politics & Finance. He is providing the most recent information, and reasonable discussions with proofs. If any readers want to contact him or ask a question, you can reach him by writing in the comment section.

Post a Comment (0)
Previous Post Next Post