You'll get no argument out of me. Study of the causes of failures and successes is how we get improvement. Unfortunately for Islam, there have not been any examples more successful than western capitalism to study so that we might make improvements. The Socialists in America have exactly the same problem.
Its really funny that most of you guys are unaware of the true islamic banking and economy system and still criticizing just bcuz it was made by Muslims. i think the core principal is that no body should accumulate the wealth making other people poor and poor, (and if you honestly think about that i think most of the people have no objection in that) Interest rates are very low (i think no objection as well) There is no fix profit for rich who deposited their amount ( hence it is calculated on monthly basis, and he is the partner in profit and loss as well)
Actually, the criticisms were about the fact that the economies in Muslim states have mostly been examples of failure. Take from that what you will. Is that why such a small portion of the population in Arab states holds so much of the wealth, or did you want to point us to a specific example of this. In any event, I COMPLETELY object to the principal as do the majority of people in America. Communism and other collectivist economies have this as one of their principal objectives, and they haven't worked out so hot either.
Greece is hardly an example of capitalism at work, but fine. Pick one and compare it to Greece. Quality of life for the average citizen, etc.