Part of Concepts of Ahl as-Sunnah (series completed)
· Lesson 1131 of 1251
Summary of Sunni concepts | Concept (1129) | The relationship of capitalism with the Jews and usury
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Transcript
Machine translation — may contain errors
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A summary of the concepts held by the Ahl al-Sunnah.
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The relationship between capitalism, the Jews, and usury.
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When the industrial era began,
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wealth was confined to the hands of two groups:
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the feudal lords and the Jewish usurers.
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Since industry required capital
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to rise and establish itself,
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its pioneers had no choice but to borrow
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from one or both of these groups.
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As for the feudal lords,
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they refrained from lending to them,
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sensing that industry
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posed a threat to their financial and social standing.
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As for the Jews,
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they welcomed the financing of industry
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and saw in it an opportunity
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to amass vast wealth
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through lending at interest,
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as they were certain of the growth of industry
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and its prosperity within a short period,
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as well as its rise to prominence
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in social and financial influence.
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Thus, they would achieve,
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in addition to financial gain,
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control over the new class
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emerging in society,
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and dominate it through usury
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and the heavy mortgages that follow,
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which guaranteed them this exorbitant profit
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and complete control.
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Furthermore, they also found in this
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an opportunity to destroy the feudal lords,
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“Have they not travelled in the land to see the nature of the consequence for those who disbelieved before them? They were mightier than these in power and (in the) traces (which they left behind them) in the earth. Yet Allah seized them for their sins, and they had no protector from Allah.” (40:21)
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who used to despise and humiliate them.
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What further increased Jewish control over industry
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was that some factory owners
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were themselves Jewish, such as Ricardo,
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the third pillar of capitalism,
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who was a primary advocate
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for the dominance of industry over societies
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instead of feudalism.
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For all these reasons, capitalism emerged
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intrinsically linked to the Jews and usury,
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which is considered its mainstay and the core of its system.