My Blog – Page 8 – Badi Shams

In Economics, Religion
On September 20, 2019

Specific economic principles in the Baha’i Writings, a deepening (final part)

Economic Resources“The economic resources of the world will be organized, its sources of raw materials will be tapped and fully utilized, its markets will be coordinated and developed, and the distribution of its products will be equitably regulated.“… The enormous energy dissipated and wasted on war, whether economic or political,…

In Economics, Religion
On September 13, 2019

Specific economic principles in the Baha’i Writings, a deepening (part three)

Retirement and Pension “As to the question of retirement from work for individuals who have reached a certain age, this is a matter on which the International House of Justice will have to legislate as there are no provisions in the Aqdas concerning it.” -Shoghi Effendi: Directives of the Guardian, p.…

In Economics, Religion
On September 6, 2019

Specific economic principles in the Baha’i Writings, a deepening (part two)

Wages “… The Master has definitely stated that wages should be unequal, simply because that men are unequal in their ability, and hence should receive wages that would correspond to their varying capacities and resources. This view seems to contradict the opinion of some modern economists. But the friends should have…

In Economics, Religion
On August 30, 2019

Specific economic principles in the Baha’i Writings, a deepening (part one)

CapitalismThere is a strong belief in the world that capitalism is a solution to all economic problems. However, we know that no system is perfect, whether it be capitalism or communism, if the foundation is not built on divine principles. “There is nothing in the teachings against some kind of capitalism;…

In Economics, Religion
On August 22, 2019

Spiritual values that are essential to visualize a “Divine Economy”, a deepening (final part)

The idea of equality has been included in some economic theories, but as we can see in our world today, they have failed to achieve it. The Bahá’í Faith not only stresses the importance of equal opportunities but encourages mankind to go one step further: “… the Teachings of Bahá’u’lláh advocate…

In Economics
On August 12, 2019

Spiritual values that are essential to visualize a “Divine Economy”, a deepening (part three)

Many economic systems have laid great emphasis on equality without recognizing the inherent inequalities in the abilities of man, and in emphasizing absolute equality rather than an equality in opportunities. “Social inequality is the inevitable outcome of the natural inequality of man. Human beings are different in ability and should, therefore,…

In Economics, Religion
On August 3, 2019

Spiritual values that are essential to visualize a “Divine Economy”, a deepening (part two)

The most crucial mistake that the economists have made is their failure to recognize man’s high station. Hence, it is not surprising to see man being reduced to one of the factors in production (labour), along with land and capital. Their theories have used a very limited definition of man.…

In Economics, Life
On July 24, 2019

What Can Be Done With the Widening Gap Between the Rich and the Poor?

This was the title of a news item:“The 26 richest people on earth in 2018 had the same net worth as the poorest half of the world’s population, some 3.8 billion people.”This reminded me of another report:“A CEO from one of the world's top five global fashion brands has to work for…

In Economics, Religion
On July 19, 2019

Spiritual values that are essential to visualize a “Divine Economy”, a deepening (part one)

A key feature of the divine economy that differs fundamentally from current economic theories is the recognition of the importance of the spiritual advancement of man, along with his material advancement. “Material civilization has reached an advanced plane, but now there is need of spiritual civilization. Material civilization alone will not…

In Economics, Religion
On July 11, 2019

Economic Problems, a deepening (final part)

What makes the “divine economy” different from all the economic systems of the world is its approach to the source of the economic problems and their solutions. In this way, it differentiates itself from all the past and present economic theories and thoughts. ‘Abdu’l-Bahá states:“The fundamentals of the whole economic condition…