Drowning Our People in Economic Misery to Fill the Pockets of Colonialist Vultures is not Economic Turnaround
Economic turnaround is import substitution, not imposing high tariff on imports and raising the cost of raw materials, thereby choking local manufacturing.
Economic turnaround is abandoning the dollar based international trap, switching to gold and silver based international trade, which additionally eradicates generalized inflation as well.
Economic turnaround will take place when interest is completely abolished and all direct and indirect taxes on poor people are removed, which will increase economic activities manifold.
Economic turnaround is not about addiction to colonialist loans, rather it is about rejecting them.
For the last seventy years, all democratic and #dictatorial rulers have only given us the illusion of economic revolution, change and economic turnaround.
Without the Islamic economic system, the people will continue to face exploitation and humiliation from the colonialists and their local agents.
Only the Khilafah (Caliphate) on the Method of Prophethood will implement the economic system of Islam comprehensively.
Allah (swt) said,
وَلَوْ أَنَّهُمْ أَقَامُوا التَّوْرَاةَ وَالْإِنْجِيلَ وَمَا أُنْزِلَ إِلَيْهِمْ مِنْ رَبِّهِمْ لَأَكَلُوا مِنْ فَوْقِهِمْ وَمِنْ تَحْتِ أَرْجُلِهِمْ
“Had the People of the Book implemented the Torah and the Gospel, and all that had been revealed to them from their Lord, sustenance would have been showered over them from above and risen from beneath their feet” (Surah al-Maidah 5:66).
Thursday, 17 Rabi-ul Awwal 1441 AH – 14 November 2019 CE