Similarities, dissimilarities
There are three kinds of economies in the world. These are Islami economy, Marxian economy and capitalist economy. Though the goals and objectives of first two economies are people’s welfare only, that of the capitalist economy is exclusively profit.
From a close study, it will manifest that similarities between the Islami economy and the Marxian economy are more than dissimilarities between these two. On the other hand, similarities between the Islami economy and the capitalist economy are less than dissimilarities between them.
The Marxists do not recommend for private ownership of property, but the advocates of the Market economy hold the opposite view. On the other hand, the patrons of the Islami economy follow a middle line. According to Imam Abu Hanifa; grazing land, water bodies, forests, mineral resources, graveyard, hill and canals only will remain under State control.
In light of Islami economy, heavy industries will be under the State control, whereas Marxists say that no individual can build industries from heavy to small. The capitalists argue, the State is not a commercial organization.
About profit earned from a mill, according to Islami economy, workers are entitled to part of it, whereas, Marxists say that the whole profit must belong only to workers, but capitalists argue ‘No’.
Both Islam and Marxism denounce share cropping. Islam says, the man who does not bear cost of labour, seeds, fertilizers and irrigation cannot claim his right to produce. If the land owner bears part of the cost, he will get proportionately. But advocates of Market economy say that the land owner has right to the crops he owns whether he bears the costs or not.
Now we think that the supporters of secularism will realise their mistake. It needs study only.
Ameer Hamzah
Dhaka
