Part of Concepts of Ahl as-Sunnah (series completed)
· Lesson 1119 of 1251
Summary of Sunni concepts | Concept (1117) | Socialism
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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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Socialism
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is a political ideology
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based on an economic theory
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that emerged in the eighteenth century AD
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in opposition to capitalism,
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which signified
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the dominance of capital owners
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over the tools and means of production
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and their control over the working class.
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Thus, socialism advocated for public ownership
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of the primary resources of production
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and their means,
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such as lands, factories,
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and major corporations,
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and for the state to manage these resources
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on behalf of the people
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and for their benefit.
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A summary of the concepts held by the Ahl al-Sunnah