06-17-2009, 01:03 AM
Posted - Jun 16 2009 80120 PM
Socialism was bound to fail because of its inability to make rational economic decisions...but thats not true for Capitalism.
The definition of capitalism and socialism varies from country to country. Americans consider Sweden as a socialist country...which according to our standards is a capitalist country.
The interesting question is that, is there any alternative to Capitalism and Socialism? I read "Ma-aashiat-e_Islam"(The Economics of Islam) written by Maulana Maududi (R.A) , but i didnt find any alternative.
Socialism was bound to fail because of its inability to make rational economic decisions...but thats not true for Capitalism.
The definition of capitalism and socialism varies from country to country. Americans consider Sweden as a socialist country...which according to our standards is a capitalist country.
The interesting question is that, is there any alternative to Capitalism and Socialism? I read "Ma-aashiat-e_Islam"(The Economics of Islam) written by Maulana Maududi (R.A) , but i didnt find any alternative.
