There is a solution: Look at the value in Islam.
I'll give you an example of Somalia.The problem with Somalia, the drought is disaster.
The reason it is a disaster is not because of resources. Do you know we have enough calories in this universe to feed about 12 billion people in this planet?
Why do 10million people in America die from obesity?But in Somalia they die because of lack of food!
The issue is about distribution.
That is the number one economic problem.
And Islam gives solution for this in a humble way.It says look:
1. We have the zakat system: 2.5% of the wealth of people and distribute to the poor.
2. Sadaga, give charity
3. Removal of interest, because interest is the impediment to the distribution of wealth.
- Because if you put too much interest compounded on an individual, then they have less money in their hands.
- But if they have more money by removing the interest, then they have more money in their hands to engage in the society enterprenuirships.
So this creates a unique model.
4. Resources in Islamic paradym belong to the people, not to the government.
It is said: natural resources are people not the government
The government delegate the authority to use the resources and give it back to the people.
This is why Saudi Arabia is very unjust!Because in Saudi Arabia, goverment takes the whole for themselves.
But their own traditions say give it back to people.
So Islam has so much to say about economicsSo much and economic values originating from Islamic traditions are actually solving some of these issues.
Example 1:if you look into Islamic banking, when credit crash happened, they are th eonly banks that came out strongly! And you saw many banks introducing or started talking about Sharia compliant products to show the stability of Islamic systems.
Example 2:If you look at money in capital model, money is free floating and is not in gold and silver.
Therefore, if you have more money in the society, does not mean you have more wealth. But in Islamic tradition, money has to be contingent in gold or silver or something substantial.
This stabilizes money.
Example 3:Take Otoman period between 14th and 15th century (read book "Constantinople" by Philip Mansel).
He wrote a letter to some brethren in Europe inviting them land of Islam.
Example 4:If you look at a story from Turkey. There is big beautiful mosque. When you go inside, you will see two huge baskets made out of marbles.
What used to happen is, they used to fill in with Gold.
So people used to dip their hands really deep, and if you're rich you leave money, if you are poor you take money.
So people do not know if you are taking or you are leaving.
And majority of the time, the baskets were always filled with gold in there.
And this was the first time in history where people had food, shelter and clothing because of this economic porinciple.
And these are values I think we can see in Islamic societies.
But come back to secular societies like ours, the rich take all the resources. They control 80% of the resources 