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islamiceconomicsproject · 5 months

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A Reflection of Divine-based Islamic Economics

Paper Title: A Reflection of Divine-based Islamic Economics (D-BIE) Author: Mustapha Hamata, Mohamed Aslam Mohamed Haneef, Mustafa Omar Mohammed, Salina Kassim Publisher: Journal of Islamic Finance Vol. 12 No. 1 (2023) 109 – 115. This paper provides reflection on Islamic economics and rightly concludes that a lot of work needs to be done in providing distinct story of why financial…

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#Divine Economics #Ethics and Economics #Islamic Economics #Mohamed Aslam Mohamed Haneef #Mustafa Omar Mohammed #Mustapha Hamata #Salina Kassim #Social Economics

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queerism1969 · 1 year

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philosophybits · 2 months

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Wherever there are politics or economics no morality exists.

Friedrich Schlegel, Ideas

#philosophy #quotes #Friedrich Schlegel #Ideas #politics #economics #morality #ethics

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typhlonectes · 10 months

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#ethics #philosophy #capitalism #wealth #poverty #memes #economics

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nando161mando · 8 months

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When criminals run society

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phoenixyfriend · 11 months

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Trying to figure out if there are any actual, like, ethics to the stock market. Going public sounds unremarkable, just gaining capital for development in exchange for giving investors some voting power in operations and management.

But it completely changes the business model and general goals. Being beholden to shareholders ensures that "a successful business" is defined less by its ability to be stable and change with the times without faltering and growing to reasonably fill its niche, and rather by its ability to turn higher and higher profits in order to ensure greater dividends, a greater return on investment, to the shareholders, focusing on the short term investments rather than long-term stability. Companies that can't fulfill that role, staying stable or being unable to change with the times due to shareholder demands, get caught in stock gambits like shortselling (e.g. the GameStop incident) and driven out of business.

In theory, a company being led by a bunch of people instead of by a single person or family should make it less prone to abuses, but when the only people that can afford enough stock to have an impact on operations are people of extraordinary wealth...

Companies end up pursuing eternal growth even when it isn't feasible, suborning their own original goals and intentions in the name of turning ever-greater profits for their shareholders.

But then again, privately-owned means vulnerability to private equity, which probably makes them more likely to be destroyed by 'grow your wealth' folks...

(This isn't entirely for a recent Ko-Fi Prompt, but it's a big factor. I'm just trying to get my thoughts on the stock market in order before I dive into the more specific question I was given. My focus in university was primarily in international business/communications and marketing, rather than stock and equity, and it's been a while since I put deep thought into how the stock market functions and whether that function is inherently structured in a way that supports unethical action, or just one of many systems that wealthy people have taken advantage of.)

Does anyone here with experience or education in stocks and finance have thoughts to share?

I'm focusing on the ethics and morality of the stock market and its impacts on employees, the environment, and the public, not questions of 'do shareholders deserve to ask for a return.'

No libertarian takes on this, please, I'm trying to gather actual information, with a basis in the social contract, not USAmerican individualism.

#economics #stock market #ethics #phoenix posts

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racefortheironthrone · 4 months

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on: "there is no ethical consumption under capitalism," would you agree to the corollary that: "and there CAN be no ethical consumption under capitalism" or is there some meliorist path towards ethical consumption under capitalism

As a social democrat, I'm very much a believer in "meliorist" solutions and deeply skeptical of the undistributed middle. It is a matter of historical fact that capitalism can function in a number of ethical "registers," and anyone who tells you otherwise is trying to sucker you into pseudo-revolutionary defeatism.

There is a real difference between completely unrestrained dark Satanic mills powered by child labor and slave cotton and a fully-realized social democratic mixed economy, complete with tripartite bargaining and co-determination, economic planning organized through a jobs state and decommodified/nationalized economic sectors including a social democratic welfare state, and a robust regulatory state that can enforce safety and environmental and labor standards at home and abroad - and there are many different points along that spectrum.

My main critique of the whole "ethical consumption under capitalism" thing is that the variant of it that stresses individual consumer behavior is a total fantasy.

It is simply impossible to exert pressure on capitalist systems on your own, or even through ad hoc or single-issue boycott efforts. You need social movements like the National Consumers League that combine mass mobilization with permanent infrastructure, those movements need to be in coalition with the labor movement and civil rights movements, all of them need a regulatory state with the capacity to enforce its will on corporations - and that state needs them as countervailing forces against corporate lobbyists.

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#history #historical analysis #economic policy #political economy #regulation #regulatory state #ethical consumption under capitalism #economic history #social democracy #mixed economy #co-determination #boycotts

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thatveganwhiterose · 1 year

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The biggest issue I see with anti-vegans on tumblr is the fact that at the end of the day, they literally do not understand what veganism actually is.

This is why it’s so frustrating, ultimately, regardless if the person is a troll or may mean well. Vegans are working with the actual definition of veganism whereas anti-vegans or non-vegans are not.

So again: Veganism is a political, ethical, philosophical, and moral movement that centers around not using animals as far as is practical and possible for one’s situation.

Veganism is not about being plant based, though it is a component of it that covers food consumption. It has nothing to do with capitalism or any economic system, though these things often intersect with one another.

I am begging non-vegans of all walks of life to please understand this. Veganism is a social justice movement.

#vegan #animal rights #veganism #go vegan #social justice #morals #ethics #philosophy #politics #economics #me #personal #thatveganwhiterose

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fis-paprikas · 5 months

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fully believe the blue forest was internationally recognized just on account of "might as well"

#burrow's end #like. this has major implications on human ethics and philosophy.#the stoats dont give a shit also that one made nuclear fusion economically viable.

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omegaphilosophia · 7 months

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Unmasking the Actions of Corrupt Politicians: A Closer Look at Political Malpractice

Corrupt politicians engage in a wide range of unethical and illegal activities to maintain and expand their power, often at the expense of the public interest. Some common actions and behaviors associated with corrupt politicians include:

Bribery: Accepting money, gifts, or favors in exchange for political favors, such as favorable legislation or government contracts.

Embezzlement: Misappropriating public funds for personal use or diverting money intended for public programs.

Nepotism: Appointing or promoting family members and close associates to government positions, often without regard for their qualifications.

Cronyism: Favoring friends and allies in political appointments, regardless of their competence or suitability for the role.

Kickbacks: Receiving a portion of the funds from government contracts awarded to certain businesses or individuals.

Extortion: Using threats or coercion to obtain money or support for personal or political gain.

Money Laundering: Funneling ill-gotten gains through legitimate financial channels to conceal their origin.

Corrupt Campaign Financing: Accepting illegal campaign contributions or using campaign funds for personal expenses.

Obstruction of Justice: Interfering with investigations, destroying evidence, or intimidating witnesses to avoid accountability.

Vote Rigging: Manipulating election results through voter suppression, ballot stuffing, or other fraudulent means.

Abuse of Power: Using one's political position to harass, intimidate, or retaliate against perceived enemies or whistleblowers.

Influence Peddling: Selling access to government officials or decision-makers to private interests seeking favorable outcomes.

Gerrymandering: Manipulating electoral district boundaries to favor one's political party and ensure re-election.

Lobbying Malpractice: Engaging in unethical lobbying practices, such as misrepresenting facts or exerting undue influence on legislators.

Conflict of Interest: Failing to disclose or address personal financial interests that may compromise one's ability to make impartial decisions.

Corrupt politicians undermine the principles of democracy, erode public trust in government, and divert resources away from essential public services. It's crucial to combat corruption through transparency, accountability, and legal mechanisms to uphold the integrity of political systems.

#philosophy #knowledge #learning #education #chatgpt #ethics #politics #economics #Corruption #Political Ethics #Government Accountability #Bribery #Abuse of Power #Transparency #Democracy #Political Scandals #Public Trust #Accountability Measures

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geekysteven · 1 year

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[Image description Screenshot from Rule 34 porn site advertising "rule #34 If it exists there IS porn of it" search bar has "ethical capitalism" and returns no results]

#rule 34 #captialism #Ethical capitalism #anti capitalism #Idk what the best economic system is but probably not this one lol #image described #described images #image description added #geekysteven

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alwaysbewoke · 1 month

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#robbie scott #tiktok #viral video #generation z #baby boomers #work ethic #economic disparities #employment #salary #housing #education #financial stability #societal expectations #criticism #attitudes toward work #millennials #generational differences #work commitment #financial struggle

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bloodyentrails · 19 hours

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#didnt Germany colonize tanzania? maybe they celebrate?

@storkmuffin

yes there have been german colonies especially in africa but i have no idea if they celebrate independence or whether that was a fight for them. which is shameful.

wikipedia just informed me that germany had to give up the colonies in the treaty of versailles at the end of ww1 so whilst people were fighting against colonisation in all those territories, they were ultimately liberated then.

idk much about the history of the people the german government enslaved so i wonder if the territories were simply renamed or borders changed as well. i imagine an independence day is something you'd celebrate if your territory stays the same. idk if that makes much sense. but idk to what degree the colonies were geographically bordered and that's the kind of niche stuff i would consider. (e.g. deutsch-ostafrika is now the countries of tanzania, burundi, mozambique and rwanda, so i wonder if they would all have the same independence day)

also fascinated to learn that they were called 'schutzgebiete' i.e. under protection? because i wonder what they were being protected from??!!

#history #colonialism #germany #sorry i'm not more help #i keep encountering such a lack of education for our colonial history and i don't even know where to start #it's also interesting to think that germany was made to give them up but no other country was #so this wasn't done for ethical reasons but for economical power

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hella1975 · 7 months

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i COULD go to my 11am lecture tomorrow. or (and hear me out) i could go get my nails done in time for my 2pm lecture

#it is week 2 of uni and we're out of work ethic. looking good looking fresh i love women in stem!!!!!#also you would not believe how fucking funny the reactions are when you say 'women in stem' in front of actual stem subjects #'economics isnt a stem subject >:(' and i look at them with the most earnest expression i can manage and go 'it's a social science :('#heads roll. people die. houses are set on fire. id do it all again #hella goes to uni

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tea-from-apush · 4 months

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"50 dollars for two and a half gallons of gas- that's nothing, I just sold a box of donuts for 55" - my American history professor

#he did in fact do that #it was an experiment sort of?#he auctioned them #in my like 800 person class #(that's not a typo it was fr like 800 people)#and the person who won was this girl like 2 rows behind me #who split the cost and the donuts with another girl #so good for them i guess #i question the ethicalness of that auction tho tbh #donuts #quote #american history class #economics #history #gas #money #capitalism

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thepeopleinpower · 3 months

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Ignorance seems soo nice I can see why people would opt for that. Imagine consuming unethically without a care. Imagine living however you want and still be able to sleep at night. Imagine being unfamiliar with the concept of accountability.

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