A few basic reasons why INTEREST is detrimental to a sound economy...

Interest (a.k.a. usury) is a practice that has been around for a very long time and accepted as the norm in modern financial systems. However, in many prosperous societies in the past it was banned. It makes sense why they banned the practice, when you look at the injustices that it causes in today's societies and financial systems.

It can easily be proven that interest has been the main cause for the massive gulf between the rich and the poor. Interest based transactions immunize the rich from the risk of loosing and force the poor to either stay economically stagnant or become poorer. Some may say that rich people also take interest based loans, but the majority who take these loans are the poor and needy. Hence, it is clear that interest is a way to make the poor poorer and rich richer.

Interest is also the opposite of charity. charity takes from the rich and gives to the poor, whilst interest takes from the poor and gives to the rich. Therefore it is an immoral practice that should be stopped so that a just and prosperous society can function. A good start is detaching societies from banks.

A good balance between interest and charity is good old business. Business enables cash to flow, provides a reasonable difference between the poor and the rich and thus allows society to function fairly. It allows for opportunities and risk so that some poor people can become rich and some rich people can become poor naturally.

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