All posts tagged: gdp

Electricity is Unaffordable Because of Capitalism’s Privatization Concept, as Safeguarded by Democracy

Through democracy’s implementation of Capitalism, the government is responsible for Pakistan’s electricity crisis. The present capitalist system ensures that through privatization a few private owners, foreign and local, fully benefit from electricity resources whilst the public faces hardship. Privatization raises electricity prices so that the private owners can profit in their business. As an example […]

The Economic Crisis in Sri Lanka and Britain: Two Sides of the Same Corrupt Capitalist Coin

On Sunday 3rd April, 26 cabinet ministers of the Sri Lankan government resigned due to increasing public anger and protests over the country’s huge financial crisis. The nation’s foreign currency reserves have plummeted in this import-dependent state by around 70% since January 2020 to $2.3 billion in February due to financial mismanagement and the Covid […]

Kenya’s Debt Crisis: Politicians Exchange Swords and Deceit from Addressing the Elephant in the Room (Capitalism)

Kenya is Sh1 trillion shy of hitting the Sh9.1 trillion debt ceiling. The latest National Treasury debt registry shows the country’s gross public debt stood at Sh8.2 trillion by last December. Total external loan was Sh4.174 trillion with multilateral loans standing at Sh1.782 trillion, commercial Sh1.208 trillion and bilateral Sh1.17 trillion. Kenya might have to […]

Imran Khan’s Address Confirms the Global Failure of the Capitalist Economic System, From Which Only the Khilafah Provides Escape

Imran Khan lamented that the whole world, including Pakistan, is facing a storm of inflation. This is due to the exploitative system of the international economic order. However, his desperate pre-election appeal was devoid of alternatives to capitalism, blaming previous governments for catastrophic economic management. As for the economic relief he announced, it will increase […]

Views on the News 12/01/2022

Headlines: Hollow Nuclear Pledges Pakistan Mini Budget to ‘Increase Malnutrition’ US-Russia Talks Begin Hollow Nuclear Pledges The five permanent members of the UN Security Council – the US, Russia, China, France and the UK – signed a joint pledge to reduce the risk of nuclear war. The pledge stated that: “We affirm that a nuclear war cannot be […]

Q&A: Political Repercussions in Kazakhstan

Question: Russia intervened in the name of the Collective Security Treaty Organization in Kazakhstan after its president, Kassym-Jomart Tokayev, requested its help in quelling the protests that erupted in his country, after the price of liquefied gas doubled, and then suddenly swelled… Russia accused external forces, especially America, of interfering in the country’s affairs and […]

The President’s Finance Law Emanates from the Same Source as the Former Regime

On Tuesday, 28/12/2021, Minister of Finance, Siham Boughediri Namsiyah announced during a press conference on the government’s budget for the year 2022, which was issued by a presidential decree that included the chapters of the Finance Law for the year 2022, she estimated the deficit at 8.548 billion dinars. She said, “The Tunisian state will […]

Q&A: The Turkish Lira Falls to its Lowest Level And its Implications on the Presidential Elections in 2023

Question: The Turkish lira plunged to its lowest level in a short period, losing more than 30% of its value in less than two months, and losing more than 45% of its value since the beginning of this year. The inflation doubled to about 21% and prices rose significantly. Note that it has been in […]

The Increasing of Credit Ratings by the Fitch Agency for Jordan is Misleading and Aims to Bankrupt the Country with Usurious Debts

On Tuesday evening, Fitch raised its expectations for Jordan’s credit rating to stable from negative, and stated, “The revision of the Outlook reflects Jordan’s progress on fiscal consolidation and the post-pandemic economic recovery.” Yesterday, the Jordanian Minister of Finance, Muhammad Al-Ississ, said in this regard: Fitch’s upgrading of the Kingdom’s credit rating outlook reflects the […]

International News Review 04/12/2021

EU Announces Funding for Global Gateway to Rival China BRI This week, European Commission President Ursula von der Leyen announced €300 billion funding for the Global Gateway programme that is the EU’s response to China’s Belt and Road Initiative. The EC President said, “We will support smart investments in quality infrastructure, respecting the highest social […]

The Answers regarding the Environment Crisis Lie within the Qur’an and Sunnah

The Capitalist system which is dominant the world over today although paying lip service to caring about the environment in reality focuses on maximizing production and enriching the elite at any cost. This is because the innate characteristic of Capitalism is defined by the notion that human beings have “unlimited wants in a world with […]

Under Capitalism, Whether the GDP Goes Up or Down, the Conditions of the People Go from Bad to Worse, Deprived of Substantial Local Industry

On 28 July 2021, the economic advisory wing of the finance ministry declared in its Monthly Economic Outlook (MEO) for July that, “In the transition towards a higher potential growth level, pressure can be built on external accounts, calling for close monitoring to ensure that the new growth strategy is sustainable.”

News Headlines 21/08/2019

US Tests Missile Recession Dawns Global Economy Trump Wants to Buy Greenland US Tests Missile On Sunday 18th August, the Pentagon tested a conventionally-configured (i.e. non-nuclear) cruise missile. The missile flew over 500 km and officials described it as accurately impacting. A ground-launched cruise missile of that range would have been flat out illegal under […]

TILLERSON: You Have Nothing to Resolve, Your Evil Capitalist Ideology is Destroying your Nation and the World in General

The US State Secretary Rex Tillerson is in a visit to five African nations that commenced in Ethiopia on Wednesday 7 March 2018. Today he is in Kenya and expected to visit Chad Nigeria and Djibouti. This visit is to highlight the strategies to counter terrorism and improve security, bilateral trade and investments.