Religious views on capitalism have been philosophically diverse, with numerous religious philosophers defending the natural right to property while simultaneously expressing criticism at the negative social effects of materialism and greed.
The first socialists drew many of their principles from Christian values against the capitalist values of profiteering, greed, selfishness and hoarding. Christian socialism is a branch of socialism that is based on the Bible, church teaching, and the sacraments. Liberation theology is a school of theology within Christianity, particularly in the Catholic Church. It emphasizes the Christian mission to bring justice to the poor and oppressed, particularly through political activism. Its theologians consider sin the root source of poverty, the sin in question being exploitative capitalism and class war by the rich against the poor. In the United States, the Social Gospel was pursued in response to increased ideas of capitalist ideas and social Darwinism, calling on protections of people against perceived threats from industrialization.
Usury or riba is prohibited and religious law encourages the use of capital to spur economic activity while placing the burden of risk along with the benefit of profit with the owner of the capital. A 2.5% alms tax ( zakat ) is levied on all gold, crops and cattle.
Sayyid Qutb denounced capitalism in The Battle Between Islam and Capitalism , published in 1951. [1] The Islamic constitution of Iran which was drafted by mostly Islamic clerics (see the Assembly of Experts) dispraises the "materialist schools of thought" that encourage "concentration and accumulation of wealth and maximization of profit". [2] Malcolm X was also critical of capitalism. [3]
Islamism refers to a broad set of religious and political ideological movements that believe Islam should influence political systems, and generally oppose secularism. The advocates of Islamism, also known as "al-Islamiyyun", are dedicated to realizing their ideological interpretation of Islam within the context of the state or society. The majority of them are affiliated with Islamic institutions or social mobilization movements, often designated as "al-harakat al-Islamiyyah." Islamists emphasize the implementation of sharia, pan-Islamic political unity, and the creation of Islamic states.
Liberation theology is a theological approach emphasizing the "liberation of the oppressed". It engages in socio-economic analyses, with social concern for the poor and "political liberation for oppressed peoples" and addresses other forms of perceived inequality.
Anti-capitalism is a political ideology and movement encompassing a variety of attitudes and ideas that oppose capitalism. In this sense, anti-capitalists are those who wish to replace capitalism with another type of economic system, such as socialism or communism.
A market economy is an economic system in which the decisions regarding investment, production, and distribution to the consumers are guided by the price signals created by the forces of supply and demand. The major characteristic of a market economy is the existence of factor markets that play a dominant role in the allocation of capital and the factors of production.
The Christian left is a range of Christian political and social movements that largely embrace social justice principles and uphold a social doctrine or social gospel based on their interpretation of the teachings of Christianity. Given the inherent diversity in international political thought, the term Christian left can have different meanings and applications in different countries. While there is much overlap, the Christian left is distinct from liberal Christianity, meaning not all Christian leftists are liberal Christians and vice versa.
Christian socialism is a religious and political philosophy that blends Christianity and socialism, endorsing socialist economics on the basis of the Bible and the teachings of Jesus. Many Christian socialists believe capitalism to be idolatrous and rooted in the sin of greed. Christian socialists identify the cause of social inequality to be the greed that they associate with capitalism. Christian socialism became a major movement in the United Kingdom beginning in the 19th century. The Christian Socialist Movement, known as Christians on the Left since 2013, is one formal group, as well as a faction of the Labour Party.
Christian communism is a theological view that the teachings of Jesus compel Christians to support religious communism. Although there is no universal agreement on the exact dates when communistic ideas and practices in Christianity began, many Christian communists argue that evidence from the Bible suggests that the first Christians, including the Apostles in the New Testament, established their own small communist society in the years following Jesus' death and resurrection. Many advocates of Christian communism and other communists, including Karl Kautsky, argue that it was taught by Jesus and practised by the apostles themselves. This is generally confirmed by historians.
Qutbism is an exonym that refers to the Sunni Islamist beliefs and ideology of Sayyid Qutb, a leading Islamist revolutionary of the Muslim Brotherhood who was executed by the Egyptian government of Gamal Abdel Nasser in 1966. Influenced by the doctrines of earlier Islamists like Hasan al-Banna and Maududi, Qutbism advocates Islamic extremist violence in order to establish an Islamic government, in addition to promoting offensive Jihad. Qutbism has been characterized as an Islamofascist and Islamic terrorist ideology.
Maʿālim fī aṭ Ṭarīq, also Ma'alim fi'l-tareeq, or Milestones, first published in 1964, is a short book written by the influential Egyptian Islamist author Sayyid Qutb, in which he makes a call to action and lays out a plan to re-create the "extinct" Muslim world on strictly Quranic grounds, casting off what he calls Jahiliyyah.
Criticism of capitalism is a critique of political economy that involves the rejection of, or dissatisfaction with the economic system of capitalism and its outcomes. Criticisms typically range from expressing disagreement with particular aspects or outcomes of capitalism to rejecting the principles of the capitalist system in its entirety.
Muhammad Ibrahim Husayn Shadhili Qutb was an Islamic scholar and the younger brother of the Egyptian revolutionary Sayyid Qutb. After his brother was executed by the Egyptian government, Muhammad moved to Saudi Arabia, where he promoted his brother's ideas.
Traditionally, the thought and practice of Islamic fundamentalism and Islamism in the nation of Iran has referred to various forms of Shi'i Islamic religious revivalism that seek a return to the original texts and the inspiration of the original believers of Islam. Issues of importance to the movement include the elimination of foreign, non-Islamic ideas and practices from Iran's society, economy and political system. It is often contrasted with other strains of Islamic thought, such as traditionalism, quietism and modernism. In Iran, Islamic fundamentalism and Islamism is primarily associated with the thought and practice of the leader of the Islamic Revolution and founder of the Islamic Republic of Iran, Ayatollah Ruhollah Khomeini ("Khomeinism"), but may also involve figures such as Fazlullah Nouri, Navvab Safavi, and successors of Khomeini.
The ideas and practices of the leaders, preachers, and movements of the Islamic revival movement known as Islamism have been criticized by non-Muslims and Muslims.
19th-century German philosopher Karl Marx, the founder and primary theorist of Marxism, viewed religion as "the soul of soulless conditions" or the "opium of the people". According to Marx, religion in this world of exploitation is an expression of distress and at the same time it is also a protest against the real distress. In other words, religion continues to survive because of oppressive social conditions. When this oppressive and exploitative condition is destroyed, religion will become unnecessary. At the same time, Marx saw religion as a form of protest by the working classes against their poor economic conditions and their alienation. Denys Turner, a scholar of Marx and historical theology, classified Marx's views as adhering to Post-Theism, a philosophical position that regards worshipping deities as an eventually obsolete, but temporarily necessary, stage in humanity's historical spiritual development.
Sayyid Ibrahim Husayn Shadhili Qutb was an Egyptian political theorist and revolutionary who was a leading member of the Muslim Brotherhood. He is dubbed the "father of Salafi jihadism", the religio-political doctrine that underpins the ideological roots of global jihadist organisations such as al-Qaeda and ISIL.
The Spirit of Democratic Capitalism is a 1982 book by philosopher Michael Novak, in which Novak aims to understand and analyze the theological assumptions of democratic capitalism, its spirit, its values, and its intentions. Novak defines democratic capitalism as a pluralistic social system that contrasts with the unitary state of the traditional society and the modern socialist state. He analyzes it as a differentiation of society into three distinct yet interdependent power centers: a political sector, an economic sector, and a moral-cultural sector. Democracy needs the market economy and both need a pluralistic liberal culture. Against the continuing growth of democratic capitalism, modern socialism has contracted from a robust utopian program into vague "idealism about equality" and overwrought criticism of capitalism, most notably in the "liberation theology" of Latin America. Novak ends with the "beginnings of a theological perspective on democratic capitalism" illuminated by the journey from Marxism to Christian realism of Reinhold Niebuhr.
There have been a variety of Christian views on poverty and wealth. At one end of the spectrum is a view which casts wealth and materialism as an evil to be avoided and even combated. At the other end is a view which casts prosperity and well-being as a blessing from God.
Islamic socialism is a political philosophy that incorporates Islamic principles into socialism. As a term, it was coined by various Muslim leaders to describe a more spiritual form of socialism. Islamic socialists believe that the teachings of the Qur'an and Muhammad—especially the zakat—are not only compatible with principles of socialism, but also very supportive of them. They draw inspiration from the early Medinan welfare state established by Muhammad. Muslim socialists found their roots in anti-imperialism. This can especially be seen in the writings of Salama Moussa, who wrote extensively both about socialism, and about Egyptian nationalism against British rule.
Ronald H. Nash was a philosophy professor at Reformed Theological Seminary. Nash served as a professor for over 40 years, teaching and writing in the areas of worldview, apologetics, ethics, theology, and history. He is known for his advocacy of Austrian economics, and his criticism of the evangelical left.
Anti-imperialism in political science and international relations is opposition to imperialism or neocolonialism. Anti-imperialist sentiment typically manifests as a political principle in independence struggles against intervention or influence from a global superpower, as well as in opposition to colonial rule. Anti-imperialism can also arise from a specific economic theory, such as in the Leninist interpretation of imperialism, which is derived from Lenin's 1917 work Imperialism, the Highest Stage of Capitalism. People who categorize themselves as anti-imperialists often state that they are opposed to colonialism, colonial empires, hegemony, imperialism and the territorial expansion of a country beyond its established borders.