DiscussWorldIssues - Socio-Economic Religion and Political Uncensored Debate - View Single Post - What is wrong with Capitalism? is Capitalism haram?

**favwebbb** · 04-11-2010, 12:23 AM

capitalism involves making as much money as you want
and making your prices so low that small businesses can barely thrive

you are hurting other markets for your own gain

is that wrong?

This story was happened before Muhammad (saw) became a Prophet.

One day He went to an other place in a trading expedition. At the same time, some competitors from Makah also came to this place. And when those competitors saw Muhammad (saw), they decreased their prices lower than the limit. They didn't care about gain because their goal was to destroy Muhammad (saw) business. But Muhammad (saw) knew, in that place the demand was higher than supply. He was right, when those competitors goods were sold out, people bought Muhammad (saw) goods in normal price. So, Muhammad (saw) back to Makah brought big gain, those competitors back to Makah brought big loss.

04-11-2010, 12:23 AM	#7
favwebbb Join Date Oct 2005 Posts 555 Senior Member	capitalism involves making as much money as you want and making your prices so low that small businesses can barely thrive you are hurting other markets for your own gain is that wrong? This story was happened before Muhammad (saw) became a Prophet. One day He went to an other place in a trading expedition. At the same time, some competitors from Makah also came to this place. And when those competitors saw Muhammad (saw), they decreased their prices lower than the limit. They didn't care about gain because their goal was to destroy Muhammad (saw) business. But Muhammad (saw) knew, in that place the demand was higher than supply. He was right, when those competitors goods were sold out, people bought Muhammad (saw) goods in normal price. So, Muhammad (saw) back to Makah brought big gain, those competitors back to Makah brought big loss.
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