Archives » Capitalism

The Rise of the West - or Not? A Revision to Socio-Economic History

This is an excellent article that engages in a critical reading of world history. It challenges many mainstream Eurocentric accounts of history that have unfortunately seeped into the Muslim mind pertaining to the relevance of Islam and capitalism, democracy, science, technology, and Marxism. I think this historical approach is useful to Muslims because it enables […]

Iraq Poised to Become Western Oil Colony

As you read this post, I would advise that you pop in classic modern rock song “The Boys Are Back In Town” by Thin Lizzy.
Got the song on? Okay, now proceed with reading the post.
According to the New York Times, several Western oil companies that were kicked out of Iraq for 36 years during Saddam […]

Alienation Leads to Consumerism Which Supports the Capitalist System

One of the concepts of Marxism that intrigued me the most as a college student was his notion of “alienation.” What attracted me the most to this concept was not necessarily a theoretical appraisal, but rather, it was my own experiences as a worker in various jobs ranging from fast food to legal work. I […]

Capitalism Ecologically Unstable: China Is a Perfect Example

Many Muslims are still stuck in the rut of imitating Western paradigms in an uncritical fashion. This applies to areas in political science (liberal democracy), ethics (utilitarianism), science, and even economics (embracing capitalism). Research is beginning to come out that does a decent job of showing that the type of economic growth that propelled Europe […]

Capitalism is Unsustainable

Perhaps “capitalism” isn’t the proper term. Maybe “materialism” or better yet “dunya-ism” is more accurate. After all, the core difference between capitalism and communism is their means, not their effect. They are both infatuated with the dunya and how property is to be generated and distributed. Regardless if one follows either paradigm, they are equally […]

Can the Whole World Modernize Without Westernizing? A Review of “Eurocentrism” by Samir Amin

One man doesn’t seem to think it is possible for the entire world to modernize, with or without Westernization. In “Eurocentrism“, social theorist and leftist Samir Amin seeks to expose the origins and role that European superiority plays in the global Capitalist/colonial system. He begins his book by providing an overall structure of the book.
First, […]

Capitalism and Religion

“The cultural revolution of capitalism always includes, as a result, a particular effect: It is also a religious revolution, a revolution in the interpretation of religion.”
- p 8. of “Eurocentrism” by Samir Amin -
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The Shahadah of the 21st Century

There is no God but the Market, and the Dollar is the Last Currency.
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Did the Ottoman Empire Engage in Interest?

Excerpts from “A Monetary History of the Ottoman Empire”
“Another important provider of loans in Istanbul and the Anatolian urban centers were the cash vakifs, pious foundations established with the explicit purpose of lending their cash assets and using the interest income to fulfill their goals. These endowments began to be approved by the Ottoman courts […]

The More ….

… I study Capitalism, the more I grow to hate it.
The very structure of corporate media reduces its viewers to mindless zombies who are incapable of understanding complex ethical or political issues. If you want to know how the wealthy control America, then you should read this. The average American isn’t hostile to Islam, he’s […]

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