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in category Other Culture

Does Islam encourage competition like capitalism?

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The book ZerotoOne by Peter Thiel (Paypal co-founder) makes a point we are all intuitively familiar with but have never really seen spelled out - namely, capitalism promotes monopolies rather than competition in order to maximise profits. He argues that for a company to build profits well into the future, businesses should... Show more >>

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A brief comparison of Islam vs Capitalism: 1. BASIS: Capitalism: Needs are unlimited, resources are limited. If resources are increased, it will gradually decrease poverty by trickle down effect. Islam: Needs are either basic or luxurious. Basic needs are right of every human. Resources are enough, they just need to be... Show more >>

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