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Old 07-08-2012, 12:28 AM   #16
Qynvtlur

Join Date
Oct 2005
Posts
407
Senior Member
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How many useless arguments on SF are caused by semantic differences of terms?
I think you have raised an absolutely important topic. I realized that too. The problem is maybe people here have cross-professional interests which excite them about many topics but end up acting like polymaths myself included. Capitalism itself, the wikipedia article on it will requires days to digest and understand. I can probably come up with an essay thereafter showing that some aspects are clearly Islamic and some are not. Thats why I chose my words carefully telling AbuZakir dont say capitalism is bad because the prophets and sahaba practiced some aspects of capitalism like private property and free trade and barter. Say rather that capitalism in an atheistic-materialistic context i.e. unregulated, greedy, perverse, unchecked is dangerous.

Sourced from wikipidea:
Capitalism is an economic system that is based on private ownership of the means of production and the creation of goods or services for profit. Competitive markets, wage labor, capital accumulation, voluntary exchange, and personal finance are also considered capitalistic.

I was just telling AbuZakir dont say things like Capitalism is bad. An analogous simplistic statement would be Salafis are bad when clearly that is not the case. The more things are simplified the more rudimentary our judgement becomes and the more inaccurate it can be to society. But unless AbuZakir himself is a professional economist who has done ample study of capitalism and can distill things I would argue that simplifying and chanting things repeatedly when most people are not even clear on definitions and aspects of what we are talking about is unhelpful. As far as I know Caliph Uthman was an astute entrepreneur. He however was kept in check by Islamic moral values. He gave zakat, was not concerned solely about profit in this world and lived his life dedicated to Allah. However his capitalistic and business life have been recognized. I dont think any of the sahaba's worked and did business without any intention for profit. They however were not greedy and had a regulatory system in the form of Islam.
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