So I'm looking at notes for my Economics class, and at some point it talks about the types of economic systems, which according to these notes are capitalism, socialism, and Islamic economy (yeah, I live in a conservative Islamic country, this was bound to happen). For the first two, it describes its advantages and disadvantages, but then, at Islamic economy (described as a mix of capitalism and socialism, with a bunch of God-stuff in there), the notes just cut off there.
Now, I'm no expert, but every economic system has its advantages and disadvantages. To not give a pros-and-cons rundown for Islamic economy implies that it is perfect... which is not possible. There is no free lunch; when you optimize for a certain set of parameters, you must necessarily end up with sub-optimal parameters elsewhere. Pure, unregulated capitalism is great if you want loads of money, but it's absolute dogshit at ensuring the social welfare of people. Pure socialism (which by these notes' definition might be closer to communism) is great for income equality, but then there's no incentive for companies to compete. You gain something here, you must lose something elsewhere. You could combine the best parts of socialism and capitalism, but then it's a jack of all trades and a master of none.
I probably can't say anything of the sort to my lecturer or my classmates, though, which is why it's going here. They'd think of me as either an atheistic heathen or a madman (of the not-fun kind) for objecting.