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Old 09-12-2017, 11:41 PM   #15
whswhs
 
Join Date: Jun 2005
Location: Lawrence, KS
Default Re: [Spaceships] Islamic Banking and Financing Spaceships Purchases

Quote:
Originally Posted by Ulzgoroth View Post
This is tangential, but wrong. While moneylending is important to capitalist economies, it's very distinct from ownership of business firms or capital, which you conflate it with throughout the last two paragraphs. Capitalism without the latter is nonsensical, but capitalism without the former is conceptually fine.
Large parts of the funding of businesses comes through bonds (a formalized way of paying interest on loans) or bank loans. Do away with those options, and the funding options for businesses, especially startups, would be significantly narrower.
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