The 2023 Global Hunger Index (GHI) shows that, after many years of advancement up to 2015, progress against hunger worldwide remains largely at a standstill. As the effects of crises multiply and intensify, more and more people are experiencing severe hunger, with the situation expected to worsen throughout the year.
Socialists claim that economic problems arise from the extraction of surplus value by the Capitalists in the production process. On the other hand, Capitalists urge that scarcity of resources is the basic economic problem which restricts output growth because wants are innumerable, but the resources for satisfying those wants are limited. Nonetheless, the empirical evidence does not support that resources are scarce for legitimate and compulsory economic needs.
Islamic Economics Project 