[DoterForeva]

Brothers, Capitalism is an economic system of human construct. It is kufr and it is haram to support or espouse it even if one is forced to adhere to it.

How so?
In the West and increasingly in the Muslim world, the field of economics is taught in a way to portray capitalism as a natural evolution of human development rather than as an human constructed ideologically based system.
This is done by presenting the fundamental origin of economics as based on capitalist theories that have been adopted over time.
The case in point is the fundamental idea of Scarcity. Scarcity is the concept that since there is a finite number of resources and unlimited numbers of wants and needs, that people engage in trade. This transaction results in a relationship of supply of resources and demand for resources which gives rise to a price for a thing or service (commodity). John Adams is seen as the 'founder' of capitalist economic thought. His fundamental theories were buillt upon over the centuries to construct capitalism today.

Capitalists perceived that a 'free market' is required to allow for individuals to acquire their needs and wants therein. Economics teaches that human economies are a spectrum: free market economy (capitalism) sits on one end of the spectrum and command economy (communism) sits on the other end of the economy.

But Capitalist teaching suggests that the less government involvement, the greater the freedom of the market and the more needs and wants of the people are met. But this is not a Truth of reality, rather its an 'belief' of an ideology. In reality, Capitalists make several fundamental adoptions, such as privatization of natural resources and usury, as well as rely on government spending to sustain markets.

In reality, government spending and involvement in an economy is FUNDAMENTAL to all economies. The recent global financial crisis brought on by Wall Street abuse of the securities market has been directly connected to the repealing of government regulation and oversight in financial trading. More FREEDOM was given to the American financial industry and they engaged in the biggest frauds in human history.

In reality, there is a limited number of resources, but how a society defines those resources ( public property, private property, etc), defines, balances, and determines needs and wants will define how those resources are traded.

Islam recognizes the natural relations of supply and demand and how price emerges from this. And that a market should be allowed to naturally relate supply to demand. However, where Capitalism renders all resources to be private property eg. increasingly water is being privatized, Islam recognizes resources such as water, oil, gas, coal, etc to be public property managed by the government. Thus, these essentials are more equitably present in a market, rather than becoming the monopolization, or oligopolization of a few powerful companies or people.

The greater presence of raw energy resources in a market with technological and industrial capabilities is not conceivable in today's Capitalist world order. Today, private companies and regimes control raw energy resources for their own profit and power.
What kind of inventions could be produced and put on an open market in an Islamic state if these resources and the necessary facilities were made available for the public to invent and produce and the market opened to them, rather than everything tightly controlled for big corporations?
America is experiencing a serious decline in part because its dominated by corporate monopolies and oligopolies in so many industries that destroyed small independent upstarts and consolidated their respective markets around themselves.

For example, in this Capitalist world order, refining capacity for most nations is highly controlled by regimes or manipulative private companies, if not foreign companies. When oil prices were at their highest in USA in 2007-9 CE, the public via journalists and analysts discovered that America's oil refining capacity was methodically controlled by a few oil companies who bought out independent refiners and then closed and reduced their refining capacities in order to reduce supply that would drive up prices. The multitude of schemes and plots that private companies as well as foreign companies engage in for profit and manipulation of 'free market economy'. Not the least of which is getting Capitalist governments to engage in overseas wars for private company profit.

Islam has its own economic system which is NOT Capitalism.

and Allah certainly knows best of all.