Almost all spiritual traditions view consumerism — the preoccupation with acquiring more goodies and pleasures over time — as profane and beneath human dignity. Buddhism views our unconstrained appetites as the very source of human unhappiness. Islam and Christianity both emphasize the need to follow your calling in life, where excessive consumption is an impediment… Continue reading Cursed by Growth
Wealth kills the soul. Our grandparents knew that. But we’ve lost that insight nowadays. Our rigidly individualistic modern culture — unequipped to probe anything deeper than personal fortune — fails to perceive the moral hazards of wealth. Evidence of that moral hazard is abundant in psychological research, limited as they are to the behavioural trends… Continue reading Wealth Kills the Soul
Both Islamic and Christian Scriptures strictly forbid anyone charging interest. Why do Muslims obey devoutly, but Christians disobey flagrantly? Spoiler. Westerners were offered a deal they couldn’t refuse. Scrap that particular prohibition on financial exploitation — and we’ll give you riches beyond your wildest dreams. “Ban, what ban? Gimme the goodies!” I’ll start with Christian… Continue reading Interest: Why Do We Disobey?
I’m struggling to understand Muslim Economics. I’m looking at it sincerely and I expect to find something distinctive about it. But at first glance I wonder if it really has a different answer. Let’s examine the root issue. Islam does — as Christianity used to — condemn the charging of interest on loans. Not just… Continue reading Interest, Muslims and Christians