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Summary of Sunni concepts

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The founder of capitalism and their ideas

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The emergence of the capitalist doctrine was in the late eighteenth century AD

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And the beginning of the nineteenth century by three successive thinkers

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They are Adam Smith, Malthus, and David Rickard the Jew

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As for Adam Smith, he is the first founder

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This is through his theory that he presented in his controversial book

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The Wealth of Nations, where he decided that the factor is in human activity

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It is only personal interest

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Therefore, it is not abhorrent to him, even if it is at the expense of others

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He was also the one who called for the greater economic value to be given to labor rather than land

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As for Malthus, he is a defender of capitalism

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Although he was originally a priest

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However, it prohibited charity and the provision of subsidies to families who were unable to provide their means of livelihood

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This is only because he believes that the crisis of humanity is the increase in population

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Which occurs according to a geometric sequence

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While the increase in food resources proceeds according to a numerical sequence

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Ali, whoever cannot make a living does not deserve to live in his view

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This is in line with the idea of survival of the fittest established by Darwin's theory

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As for David Ricardo, the Jew, he is the inventor of the idea of distinguishing between rent and profit

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Where he said that rent is the gain that comes from the money of each land

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Profit is industrial capital gain

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In doing so, he relies on Adam Smith's theory of giving value to work

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Then he blamed rent

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He made it the main cause of the threat to industry, class, and social inequality

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In his view, landowners charge exorbitant prices for their products needed for living

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This causes a decrease in businessmen's profits because they continue to raise workers' wages

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To provide their living needs

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Which threatens the advancement of the industry that was rising during that period

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This convinced governments to impose taxes on landowners

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Or nationalizing much of their lands, thus contributing to the fight against feudalism

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Summary of Sunni concepts