Any country, state or corporation, which indulges in significant amount of interest based loans will sooner or later find herself in woods or a thick jungle of financial chaos or bankruptcy. This is the nature of the beast! Proofs linked in the comment section.
What if the top one percent in USA were true Muslims?
The short answer to this provocative question in the title is that the elite 1% will pay Zakat, which is a tax on savings and property. At a suitable rate of taxation, Zakat will have the potential to fulfill all the essential needs of the remaining 99%. If the top one percent in USA were true Muslims, they will gradually and genuinely abolish interest or usury and promote international free trade. This Op-Ed is a short presentation in favor of Zakat and an interest free economy and a more detailed exposition will be published later on. Read on and in the words of Sir Francis Bacon, “Read not to contradict… but to weigh and consider.”