Is capitalism destroying the world?

[جوري]

http://www.linktv.org/programs/chris-hedges-days-of-revolt

"When nothing including human life has an intrinsic value,
but only has a monetary value, that society cannibalizes itself
until it dies... and that's where we're headed." - Chris Hedges​

As an icon of the Occupy movement, journalist Chris Hedges has been willing to face arrest and abuse to stand up for what he believes in. He has even gone as far as suing the Obama administration over part of the National Defense Authorization Act (NDAA) that allows indefinite detention of US citizens.
We filmed the Pulitzer-prize winning author during a recent event hosted by our friends at Truthdig. In this moving talk, Hedges takes us through history to show the calculated destruction of what was the liberal class. He advocates for a new movement to be born – one that revolts against the unfettered capitalism he says is destroying our world.
Watch Chris Hedges - Days of Revolt, a passionate plea for a new American revolution, only on Link TV.

 

[Gator]

Big Chris Hedges fan!

 

[جوري]

Capitalism lasted longer than I personally thought.. but it is on its last breaths and U.S/Europe have to find new far away countries to bleed to sustain failed ideology.

best,

 

[glo]

Capitalism lasted longer than I personally thought.. but it is on its last breaths

I hope that Capitalism's days are numbered. It teaches selfishness and self-importance and encourages greed and exploitation.

Even with the recent economic problems, we are still taught that borrowing and spending is the way forward ...^o)

 

[glo]

Big Chris Hedges fan!

Gotta google him ...

 

[greenhill]

It is a huge topic. To me it has its roots back thousands of years. But then again, it is my opinion only.

The world has been brainwashed. How do you counter it when the entire infra industry is saturated with it? Advertising, the whole industry from education system through to the established careers, marketing, promotions, etc. that does not include the finance and legal. It is like how do you prepare to live without electricity. Looks like we will have to deal with it when the power interruption comes. And when the dust settles, it will still be currency that will circulate, and with that in circulation, there will still be capitalism, perhaps in a state like a saying where I'm from that roughly translates to "too shy to live but don't want to die!".

 

[جوري]

The word used in the topic is unfettered capitalism.. a little competition is always healthy but not a system for the benefit for a 1% that's not even educated but whose only claim to fame is greed and control!

 

[greenhill]

Healthy competition can exist without capitalism, no?

 

[Ahmad H]

Only Islam allows healthy competition because it regulates all financial affairs and relegates a portion of extra wealth to the poor by Zakat. I swear, even Atheists know that the Islamic financial system is the best and that it trumps over the current capitalistic ideology and system.

This current system is heading downwards. Watch, when the system fails, and depression kicks in, it would ring in a Third World War for sure since those in power use democratic principles and the economy to keep people happy. Otherwise, too many social problems will surface and there will be a major crisis. This fear was existent and it is why the system is what it is today. There is a documentary called "Century of the Self", it discusses this problem and how the current trend in consumerism was the counter to this issue in people's inherent need to be animalistic. it is all based on Freudian views on human nature. Edward barnays exploited this information and used it to help corporations make a huge consumerism culture. This is what made America and the rest of the world the way it is today.

 

[جوري]

can some economist with strong Islamic background introduce the economic theory in Islam? I've been arguing with a shiite Muslim and I don't know enough about the topic to take it to the level I'd like to go.. any help would be appreciated :jz:

 

[MustafaMc]

we are still taught that borrowing and spending is the way forward

With our current fiat currency (no intrinsic value) debt is treated as money. A gigantic Ponzi scheme with only one logical destination. The final collapse of this system will not affect only the US and Western countries, but will be global and it won't be pretty. With this collapse I believe that we will see the emergence of the Dajjal in Jerusalem and Israel as the ruling economic/banking power before the return of Jesus in Damascus as we approach the Last Days. Allah knows best what the future holds. From Allah we came and to Him we will return.

 

[جوري]

Do you mind if I use that akhi? I like your simplification as well that of Ron Paul

 

[جوري]

I remember seeing a video once made by an atheist of all people explaining why capitalism doesn't work

 

[YusufNoor]

it isn't capitalism, per se, that is destroying the world, it is "capitalists" that are. Islam supports a free economy, but with fair values. capitalism was "coined" while the industrial age was in it's infancy. capitalism was defined when nationalism was rampant and financiers were trying to explain that capital was more important than "border issues", maybe because the "bankers" had the world by the "nuts" and nations were clients of the banks.

redefining capitalism as the desire for the "banksters" to have their one world global system of financial slavery puts it in the proper perspective. that is totally un-Islamic as it is grounded in an interest based method of raping and controlling economies. Allah and His Messenger, pbuh, specifically addressed this issue in one of the final, if not the final, revelations of the Qur'an, Al Baqarah 278-79.

O you who believe! Be afraid of Allah and give up what remains (due to you) from Riba (usury) (from now onward), if you are (really) believers

And if you do not do it, then take a notice of war from Allah and His Messenger but if you repent, you shall have your capital sums. Deal not unjustly (by asking more than your capital sums), and you shall not be dealt with unjustly (by receiving less than your capital sums).

"Century of the Self" [i won't link it because pt 3 has a lot of nudity] shows how "capitalism", through propaganda [public/foreign/consumer "relations"] is used to subvert mankind into serving at the behest of the "banksters". we all help and "do our part" in assisting the "banksters with achieving their goals". perhaps we should stop doing that?

Imram Hosien (who i know some people here dislike, especially corporate flunkies) has an interesting, if not controversial, lecture on the subject, called The Prohibition of Riba in the Qur'an and Sunnah. this is the closest that i have seen anyone address the issue. yup, he's a Sufi with some questionable takes on Shariah, but he speaks extensively on this issue when few others do. i recommend that lecture plus a few others on the subject. i am not recommending his lectures on eschatology, though i find them entertaining in that it seems to be an "Islamic" take on British/American Israeli-ism. i spent decades reading about. i good book on the subject is Judah's Sceptre and Joseph's Birthright by J H Allen.

summary here:
http://artisanpublishers.com/judahs...-from-king-david-british-royalty-p-25581.html

pdf here:
http://www.cbcg.org/franklin/Judahs_Sceptre_Josephs_Birthright.pdf

this viewpoint helps show why Christians are so deluded into being the biggest (unwitting)supporters of Zionism. Zionism and Capitalism go hand in hand as the effects of Zionism distract us from the issue of "Banksterism".

but, if you define capitalism as a free market economy, where is the problem with that?

and Allahu Alam

:wa:

ps: sorry, in advance, if you have to edit some of this, Muhammad!

 

[جوري]

^^ oh I am so gonna use that..
btw I found this and it is brilliant

 

[MustafaMc]

Do you mind if I use that akhi? I like your simplification as well that of Ron Paul

Assalamu alaikum, ukhti, this is only my opinion with no knowledge of the future. You can of course share my opinion, but Allah (swt) knows best the final days of the corrupt capitalist system that drives toward the concentration of the world's wealth into the hand's of a tiny elite minority. "And every nation has its term, and when its term comes, they cannot put it off an hour nor yet advance (it)." Qur'an 7:34

 

[جوري]

:jz: I prefer your educated opinion to the phony concocted one of the 'experts'

 

[introspective]

Take a look at Wall Street and the U.S. military industrial complex. The tobacco and alcohol industry. Drug wars in North and South America. Adult entertainment industry. Notice the growth of for-profit universities? The legacy of Edward Burnays lives on.

 

[Muhaba]

Some differences between capitalism and islamic economic system that i can recall:
capitalism regards wealth an aim. Islamic economic system considers wealth a tool.

Capitalism regards wealth the property of man. Islam considers God the true owner of all that is in the universe. Hence man has to use wealth and resources within limits set by Allah. So wealth can't be used in unlawful and harmful industries.

 

[GodIsAll]

The word used in the topic is unfettered capitalism.. a little competition is always healthy but not a system for the benefit for a 1% that's not even educated but whose only claim to fame is greed and control!

I was looking for a way to state this exactly. Thank you! I admit it couldn't be said more accurately.