Earlier quoted context omitted.
> Oh right, I'm dealing with someone who believes in the "free market" I don't believe in absolute free market as defined by capitalism. Case in point: I do not deal with interest (usury), as it is prohibited in my faith. There are also some other red lines which I will not get into here, as it is not the subject of discussion. I'm happy to go into them more though if someone is curious. As such, no, it is not your t…
Interest is not the same as usury whatever definition you use. The fact that your faith equates them does not make them equal. You are perfectly free to use them interchangeably in your mind but most people do not do so, and your use leads to misunderstandings. Interest, in traditional western societies is just the measure of the present value of future time, which is understood as valuable. Thus, money+time=“more mo…
In Islam, there is no difference. If I lend you $10,000 and I ask for $10,000.01 back, that $.01 is usury. They are equal because both operate on the same exploitation principle, that not only pries on the poor, but exacerbates the wealth inequality gap that everyone is complaining about today. Once the door is open to artificially differentiate the two, many other immoral things become acceptable. We've seen it time and time again.
We don't deny the time value of money, we jus say that use money in a moral way to extract value over time, by taking appropriate risk in a manner that is not exploitative.