The notion of an Islamic economy or of “Islamic economics,” is rife with fallacies. An Islamic economy is a contradiction in terms. Why?
As the term economy is understood to be a system of trade – a barter system, or laissez-faire, or a mixed economy with the freedom to trade and produce hampered, saddled and skewed by government controls and regulations – on the other hand, the notion of an Islamic economy or of “Islamic economics,” is rife with fallacies.
An Islamic economy is a contradiction in terms. Why?
Islam is a looter’s system of wealth seizure and expropriation. It produces nothing, it does not encourage the production of values to trade, and it is essentially anti-capitalist and anti-life. Overall, it is a system for the maintenance by force of a class of parasites. Islamic “economics” prescribes, as its essential and inherent goals, the sustained activity of wealth, social, and – need we remind anyone – sexual plunder. Its Economics in One Lesson is the Koran. Instead of a genuine economist such as Henry Hazlitt, Islam has as its primary “economist” the delusional, “voice-hearing” cave-dweller Mohammad.
Islam has been a looters’ system from the very beginning of the Islamic calendar, when Mohammad left Medina in 630 A.D. with his 10,000 converts/warriors and marched on Mecca, which he had fled eight years before because his “peaceful” proselytizing for his own moon-worshipping religion netted him few converts but many enemies. Or so the legend goes. Robert Spencer casts serious and well documented doubts on whether or not the Prophet of Plunder even existed in his excellent, eye-opening book, Did Muhammad Exist? An Inquiry into Islam’s Obscure Origins.