What is Modernity? What is the relationship of religion with modernity? All versions of modern Islam are understandable only in the context of their confrontation with Western European culture as the masters and purveyors of the modern technological-scientific age. This confrontation has both political/economic and cultural/civilizational aspects. Non-European peoples have responded to the European challenge through defense, imitation, or integration of the new culture into their own heritage. While human history has always been in a state of flux, the modern period is unique both because of the unprecedented speed of historical change and because of the hitherto untried direction in which it seems to be moving. For the first time during recorded history, religion is facing a real threat of extinction; the kind of change that history is demanding from religion is such that religion would lose its essence, its eternal element, if it were to give in to its demand. Refusing to change is not an option either. This, in turn, is the question of modernity. How religion has to negotiate with the rising tide of unprecedented changes which arose with the advent of modernity. The present paper try to give a brief overview of the genealogy of modernity.
In this paper a view of world’s economic problems and currently revolving economic systems have been discussed. A review of all revolving economic systems is given so to find out the most impactful economic system that is free of societal evils. Firstly at a glimpse each economic system has been explained along with their social impacts, so to abstain from ambiguity in concepts. It is observed that economic system is highly sensitive to changes in the distribution of resources. Then basic societal evils including poverty, corruption, inequality, terrorism, unemployment and social injustice, reasons of their emergence, how to overcome them need of an impactful economic system and how to implement it have been discussed.