Saturday, June 20, 2009

Fruit of Capitalism: Inequitable Distribution of Resources

According to recent report by UN Food Agency, 1.02 billion people around the world do not get enough food. That is, one in every six people remains malnourished. This is one of the fruits of capitalism, where wealth remains concentrated with few individuals who keep on making more wealth from their existing wealth while a majority of people keeps on struggling for their basic needs. According to Forbes magazine, top ten richest people in the world have the following estimated amount of wealth, which is more than enough to feed 1 billion hungry people for more than one year:

1. Bill Gates, $40 billion (Richest American)
2.
Warren Buffett, $37 billion (American billionaires)
3.
Carlos Slim Helu, $35 billion (Richest Mexican)
4.
Lawrence Ellison, $22.5 billion (American billionaire)
5.
Ingvar Kamprad, $22 billion (Richest Swedish man)
6. Karl Albrecht, $21.5 billion (Richest German)
7.
Mukesh Ambani, $19.5 billion (Richest Indian)
8.
Lakshmi Mittal, $19.3 billion (Indian Billionaire)
9. Theo Albrecht, $18.8 billion (German billionaire)
10.
Amancio Ortega, $18.3 billion (Richest Spanish man)

World is in need of an alternative financial/economic system, which would ensure the equitable distribution of resources.

The quranic system of Infaaq, Zakat, Sadqa, Circulation of Wealth and No hoarding of money ensures that no one on the earth lives hungry.

http://www.quranicteachings.co.uk/fruit_of_capitalism.htm

No comments: