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> Capitalism is a system dependent on perpetual GDP growth. Disagree. I'm a big fan of capitalism, and recognize that it can take different forms. https://mus
by mellavora 4y ago
> Capitalism is a system dependent on perpetual GDP growth.
Disagree. I'm a big fan of capitalism, and recognize that it can take different forms.
https://muslimheritage.com/capitalist-early-arab-islamic-civil/ https://muslimheritage.com/capitalist-early-arab-islamic-civ...
argues that "the capitalistic system indeed was the prevailing mode of economic activities in the early Islamic civilization."
Arab capitalism in this era did not depend on perpetual GDP growth.
Western capitalism, like so much of Western thought from around the Renaissance, draws deeply on the Arab tradition.
To go back to definitions, "capitalism" was defined by Max Webber. He saw it as part of the Reformation, individuals finding their own connection to God not mediated by the church. Not much GDP growth in that.