NO.101 Innovation in Keynesian policy realized by Saudi Arabian state-owned companies .・・・ Theme label: Dar Al-Islam constructed by Saudi Aramco's 200 trillion yen money creation. Category label: Macroeconomics, Religious Sociology, Jihad

Islamic society will bring about new innovations in Keynesian policy.
This innovation will be difficult for today's Christian society. The reason is that the people of Christian society are largely constrained by the professional ethics of ascetic protestantism.

Here is a supplementary mention.
This professional ethics was established by the interpretation of the Bible made by ascetic Protestants.
The reason why this professional ethics was established could be explained by Max Weber's "Protestant ethics and the spirit of capitalism".
Since it is an important theme, I think it will come later.

Here only one point is mentioned.
Future ascetic Protestants think it is possible to have a different Bible interpretation.

The new interpretation may be revolutionary.
Whether or not the Trinity theory is appropriate is an important subject in Christianity.
The child and the Holy Spirit will belong to the category of creator. However, whether or not the child and the Holy Spirit are equal to the father is another matter.

Future ascetic Protestants may change the interpretation of the Bible.
At that time, people in the Christian society will be freed from the constraints of the present ascetic protestantism based on professional ethics.

As a result, the Keynesian policy innovation mentioned in this article will be possible for people in Christian society.

I don't think it's easy. I think that the New Testament is a book written with brilliant genius intelligence.
And those who have interpreted the Bible must have had excellent intelligence.
The result of this excellent intellect is the interpretation of the current Bible.
Keynes policy is the idea of ​​the people of Christian society. Therefore, the professional ethics of ascetic protestantism is strongly constrained by ideas.
Ascetic Protestantism interprets occupational labor as a command of God.
We interpret the profits gained through professional labor as evidence that the person is blessed by God.
An individual's assets are what the person entrusted with management from God, and the person is obliged to increase the assets as much as possible.
As an aside, “Protestantism ethics and the spirit of capitalism.” States that this professional ethics resulted in positive aspirations for individuals.

Because of this restriction due to professional ethics, the main body of the Keynes policy was limited to the government in Christian society.

I conclude that the essence of Keynes policy is as follows.

Policy implementers raise money from finance. Policy implementers use the funds to carry out investment projects.
Policy implementers hire workers to engage in their business and pay wages.
Workers purchase goods from the income they earn.
This establishes an economic cycle.

Economic growth depends on how actively the products produced by a company are purchased and paid for.
Innovation in the industry is realized by a company that has achieved business results by achieving technological innovation for its own growth.

A strong economic cycle realizes this economic growth.

In Christian societies, the execution of Keynesian policy is limited to the government due to professional ethics restrictions on ascetic protestantism.
And funding is limited to buying operations by the central bank.
The government issues government bonds.
The central bank issues a new currency and purchases its government bonds.
The government carries out public works using the funds from the issuance of government bonds as financial resources.

There is a way for asset owners to buy government bonds, but it will not be effective enough.

In the Christian world, it seems to rely on market principles to solve economic problems. Perhaps because of the idea that "I leave it to the invisible hand of God."
The government's policy is essentially monetary easing.
Reduce interest rates as much as possible. Furthermore, the central bank purchases government bonds held by asset owners and companies.
In exchange for this, a new currency is issued and paid.
We expect companies and asset owners who have received funds to actively purchase products.

In reality, however, a strong economic cycle may not be formed.
A few wealthy people may concentrate the world's wealth and expand the Poverty class on a global scale.

As a result, the world economy enters the Great Depression.

This has been mentioned several times in previous articles.

In this regard, people in Islamic society are free from the restrictions of professional ethics of ascetic Protestantism.

An original Keynesian policy will be realized.

Saudi Aramco, a state-run company in Saudi Arabia, has announced plans for an initial public offering.
Saudi Aramco has not disclosed the purpose of the initial public offering, but speculates that it is Saudi Aramco's intent to be an implementer of the Keynes policy.

People in Islamic society carry out this original Keynesian policy with a sense of religious mission.
Because the motivation is a sense of religious mission, they will gain the power of a strong spirit and succeed in innovation.
Their Keynes policy objective is the construction of Dar al-Islam.

Muslims have an obligation to spread Islam.
The purpose of the mission is the construction of Dar al-Islām, as mentioned several times in previous articles.

For Dar al-Islam, I use the following as the sole basis:

I examined jihad at Wikipedia, the free encyclopedia on the Internet. I will quote below.
This article was a turning point from the World Encyclopedia of Japan's Heibonsha.
We have determined that the copyright issue has been resolved.

“In the Islamic law philosophy, the world must be an established Islamic sovereign Dar Al-Islam. An unestablished world is defined as Dar al-Harb (war world). , Where Jihad is needed until Islamic sovereignty is established. "

Jihad's etymology seems to be “effort”. In order to realize world peace, Muslims must make constant efforts.
This effort seems to be of a character that must be continued forever.
Efforts to realize and maintain world peace must be maintained as long as mankind survives.
This is a rule of history.

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