Hacker News new | ask | show | jobs
by 1996 2366 days ago
You clearly have an ideological opposition to capitalism, and that taint your views.

The Bible or the Quran can't protect you for the human natural desire and need to make money.

You should google about islamic banks to know what happens when interest is banned. Hint: the difference is just cosmetic.

So if christians implemented a jubilee, I have no doubt it would be baked into some credit score and automatically increase all cost for people who took advantage of it - that or something else essentially similar.

The best thing that can happen to countries like Pakistan? Capitalism. Free market.

People are not stupid. They look at the neighboring countries who have more economically liberal regimes, see what they get, and vote with their feet.

2 comments

Compared to socialist India until 1991 they were capitalist and free market
Are you sure that Pakistan's system of bonded service is capitalism? Perhaps we have different definitions. I checked wiki, dictionary.com and there's no mention of slavery, usury.
It's not capitalism, which is why I say it's the best thing that can happen in the future.

India has been slowly moving away from the license raj, and turning more capitalist little by little.

Okay. I think I better understand what you're saying.

Reading the wikipedia entry on capitalism was a nice refresher. I am not an economist, so interpret as you wish: These farmers are not wage laborers. So capitalism doesn't apply. (Doubly so for sharecroppers, bonded labor, slaves. Obviously.)

My suggestion is in specific response to the observation that a financial fix would be impractical. I agree. So my proposal is to leverage Pakistan's Muslim cultural heritage. Jubilee's are part of the Abrahamic tradition, spanning Judaism, Christianity, and Islam. So maybe it'd find more traction where capitalism has not.