Islam and Free Market Economy - English Essay
Islam and Free Market Economy English Essay on "Islam and Free Market Economy" Economics has become the corner-stock of our present life both for individuals and nations. The Third World countries are fast moving to establish their economies based on the capitalist pattern, commonly adopted in the West. Free market economy is holding sway in most of the developing nations under economics pressure by the Western lending institutions like the IMF an the World Bank. “Join the band wagon or be left on the roadside” is the slogan flung at the impoverished nations of the Third World. The two great agencies of man’s character through history have been religion and economics. Unfortunately, present day man is more affected by the economic agency than by the religious, as he is almost moulded by his everyday work and the material resources he thereby procures. He is reverberating the words of Tennessee Ernine’s pop song of the 50s, “St. Peter don’t call me cause I can’t go. I o...