AskProfWolff:: Socialism and Islam

Get your copies of Prof. Wolff's books with d@w: "Understanding Socialism" and "Understanding Marxism" https://www.democracyatwork.info/books Submit your own question to Prof. Wolff on Patreon:   / community  . AskProfWolff is a @Democracy At Work production. We are committed to providing these videos to you free of ads. Please consider supporting us on Patreon.com/economicupdate. Become a part of the growing Patreon community and gain access to exclusive patron-only content, along with the ability to ask Prof. Wolff questions like this one! Your support also helps keep this content free to the public. Spreading Prof. Wolff's message is more important than ever. Help us make this possible. A patron asks: Hi Professor Wolff. My question is on the theoretical intersection of Islamic economics and Socialist economics. Due to the prohibition on interest and the strong distaste on accumulation of private capital, Islamic thinkers have always been concerned about inequality. I wanted to ask if Professor Wolff is familiar with some of the models within Islamic economics (wages as pre-modern wealth redistribution, Musharaka as joint housing and business owning vehicles without interest, Zakat as mandatory wealth tax for infrastructure development, etc.) If he is aware, or interested, where are the common points? Where are the points of departure? And more importantly, is there a genesis for potential synthesis within socialist economies that meld with Islamic frameworks that would be very exciting? " Follow Wolff ONLINE: Web: http://www.rdwolff.com Patreon:   / economicupdate   Twitter:   / profwolff   Facebook:   / economicupdate     / richarddwolff     / democracyatwrk   Subscribe to the EU podcast: http://economicupdate.libsyn.com Shop for EU merchandise: http://bit.ly/2JkxIfy