Anti-capitalism - Religion

Religion

Further information: Religious communism, Christian communism, Christian socialism, and Islamic socialism

The Catholic Church forbids usury, but with the Reformation and its revolt against Papal dogmatic teaching and then the Enlightenment and its rejection of Papal moral teaching, "Christian Europe" over time accepted some forms of interest-charging, allowing for some societal changes after feudalism was replaced by other forms of government.

Christianity has been the source of many criticisms of capitalism, particularly its materialist aspects. Many early and pre-socialist movements as well as later ones drew principles from the Gospels (see Christian socialism and the Social Gospel movement) and against the "values" of profiteering, greed, selfishness and hoarding. However many Conservative Christians in the US are in favour of capitalism in opposition to secular socialism.

Islam forbids lending money at interest, the mode of operation of capitalist finance; however Islamic banks have developed ways to make a profit in transactions that are traditionally arranged using interest. These include profit sharing (Mudharabah), safekeeping (Wadiah), joint venture (Musharakah), cost plus (Murabahah), and leasing (Ijarah).

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Famous quotes containing the word religion:

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