Islam establishes divine law and justice
Justice nurtures strong 'asabiyyah
Strong 'asabiyyah establishes royal authority
Royal authority ensures the rule of sound money
Sound money lowers time preference
Lower time preference leads to capital accumulation
Capital accumulation strengthens civilization
Civilization is preserved through Islam
What a beautiful cycle.. Start anywhere and you'll find your life improving.
For me, I I'm not sure if I started with Strong Asabiyyah or Sound money.. Either way, the ball is rolling
This is to say that it works both in an individual level and a civilizational level. With some rephrasing to fit the narrative.
I'll be honest, I wouldn't take what I said seriously. It's just that I finished reading Muqaddimah and I've been thinking how time preference fits into Ibn Khaldun (RA)'s worldview, especially in how he views economics. Brilliant man. I can't believe I'm just now reading him. Lots of stuff bitcoiners can learn from his economic philosophy.
Ugh tell me about it. Been wanting to read the Muqaddimah for a decade or more.. Only bought the book last October
