Part of Concepts of Ahl as-Sunnah (series completed) · Lesson 1121 of 1251

Summary of Sunni concepts | Concept (1119) | The truth about the difference between capitalism and both socialism and communism

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0:00 A summary of the concepts held by the Ahl al-Sunnah.
0:08 The reality of the conflict between capitalism and both socialism and communism.
0:14 The disagreement between these two approaches lies
0:18 in how each views the individual and their property rights within society.
0:24 While capitalism glorifies the individual at the expense of the collective,
0:29 it grants them absolute freedom of ownership to the furthest extent,
0:34 and by all means and methods,
0:37 regardless of the exploitation of others or the control and dominance involved.
0:42 Conversely, we find that socialism limits the individual's right to ownership,
0:48 and communism abolishes it entirely,
0:51 granting that right to the collective,
0:54 viewing it as a single, unified entity.
0:57 Thus, capitalism glorifies the individual at the expense of the collective,
1:02 while socialism and communism glorify the collective at the expense of the individual.
1:08 As for Islam, it maintains a balanced view of both the individual and the collective and their respective rights,
1:16 not only regarding ownership, but in all aspects of life.
1:20 As we have explained in previous concepts regarding the rights of both the individual and the collective,
1:26 it views the individual based on the fact that they live within a community.
1:32 Both the individual and the collective move together toward Allah, implementing His methodology in life.
1:38 This methodology takes into account human nature and the instinct to love ownership and grow one's possessions,
1:47 yet at the same time, it defines their responsibilities and duties
1:52 toward the community in which they live, observing the rights that the community holds over them.