Moral capitalism is God's economy like it is in Islam. It is the same economy that people will find after trying everything else, these are some of the characters of this economy:
1- It is a free market economy. It is the law of free market (invisible hand) that God created and Adam Smith discovered it that makes the market work. A certain product become scarce, its price goes up and people work more to produce the product or find an alternative.
2- However moral capitalism is to play the market ethically and by the roles.
3- It is regulated against monopolies, corruption, abuse of workers, protection of the environment.... Without regulation capitalism would be a chaos. The government set the standards.
4- It does not allow money of special interests to influence the election of politicians. No revolving doors.5- It can also direct the market, by putting incentives for finding new sources of energy. But the government should not be looked as the force of the government but the true force is supply and demand.
6- Meanwhile it prevents the government from getting large and bureaucratic. It is small and very efficient government.
7- It finds the poor and give them 2.5% of the earnings of the rich as in Islam or similar equation. The money goes in the hands of people to try to avoid government programs with large bureaucracy.
8- It has small and simple equation for taxes. Most of our taxes goes to military and we are not safer.
9- It keeps the money of all of us of health care, long term care and social security available early to people and meanwhile money is kept only to these purposes, please see Taman Health Plan in my blog for details.
10- Morality is very important to protect our wealth: much poverty occurs from sins as infidelity, alcoholism, drug addiction, gambling, dishonesty, theft and wars .
11- Usury is not trade. Money is created as medium of exchange and not as goods. Most of the financial problems are related to Usury as increase of poverty, widened gap between rich and poor, bankruptcies, recessions....
12- Preventing recessions and inflation. The steady money goes to the poor make the economy always injected by money and revitalized it guards against recession. The expanding economy as more Muslims and non-Muslims get covered by this economy make inflation less likely since it opens new markets.
13- Ownership society: All of us should own, there should be no limits to what you won. Meanwhile we should encourage people to own. Imagine all of us have stocks in diverse wall street stocks we all are feeling the strong sense of community. We all won and we do not see people around us collapsing or bankrupting.
14- Morality is a group act. You can not be the only honest guy in the market, it would not work. The moral code of most religions are the same, let us take this as the common good that work for our moral capitalism.
15- It encourages the common sense since any good idea from any individual is listened to and examined. A common sense example is multiple companies competing they have to have things in common to make people life easy like same sizes of product and so forth. If you examine the health care for example you will find how the health care is chaotic. Every hospital have different system and you can not follow all the records of patient my simply hooking to one website. This alone caused us to loose billions of dollars in replicated lab testing and imaging.
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