Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal Journal of Critical Realism in Socio-Economics
Hifzur Rab
Unknown Affiliation

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Money, Market and Systemic Causes of Poverty and Deprivation Hifzur Rab
Journal of Critical Realism in Socio-Economics (JOCRISE) Vol. 3 No. 02 (2025): UNITY STRUCTURE OF LEGO-WORLD
Publisher : Universitas Darussalam Gontor Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/jocrise.v3i02.80

Abstract

Real causes of growing poverty and deprivation are dominance of interest driven money depreciating capitalism and accounting in nominal terms. The system causes market failure in determination of just and efficient prices. These cause most of the surplus produced to be assigned to capital at the cost of share that goes to human capital especially the labour, while monetary depreciation (inflation) continues to eat away saving of the commoners. The system keeps prices of products and wages of the unorganised sector/developing and under developed countries relatively cheaper. Resultant concentration of wealth and power in hands of the rich/ developed countries allows them to ensure that favourable policies and programmes are adopted.  These factors reinforce one other and even foreign trade lead to massive systemic transfer of wealth from poor and poor countries to the rich and developed countries. Massive transfer of wealth from poor to rich and from poor countries to rich countries keeps poverty and deprivation growing disregarding various poverty alleviation programmes worldwide. Dominance of this system together with failure of Islamic scholars to comprehend and address these problems especially monetary manipulation has compromised Islamic economic system that fails to manifest its truly just and efficient character
Co-Authors