Difference between Markets and Capitalism
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- Опубліковано 16 бер 2024
- Some people think that because the Prophet PBUH was a trader, it means that there is no contradiction between Islam and capitalism. This argument equates trade with capitalism. Trade and capitalism are not the same things. Markets have existed long before capitalism and will continue to exist long after capitalism. Capitalism is the sale and purchase of labour-power which started in 16th century in Europe and then spread through colonialism to the rest of the world.
*English UA-cam: / taimurrahman1975
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Yanis varoufakis has explained it in detail in his book "Talking to my daughter about economiy:A brief history of capitalism... economy with markets and market economy being differentiated
Viewers may need to see distinction between "surplus value" and "surplus product".
When you treat humans as a machine, you strip away their humanity, reducing them to mere cogs in the gears of productivity, forgetting that their value lies not in their efficiency, but in their capacity for creativity, empathy, and connection.
Sir thanks for comprehensive content in 8 minutes, when we see sometimes video length of half an hour, we lose the courage to watch 😂, love you very much from south Punjab , Rahim Yar Khan❤
It's my pleasure
Why Pakistani videos often have no facility of google auto translation of Urdu language comments! We get deprived of reading these views.
True
thnk u sir u are blessing for us......
Nice sir 👍
Sir kindly resume uploading History of Economic Thought lectures. I really enjoy these lectures, it has been a while you havent uploaded any. Yaa semester khatam hogaya kya bachon ka 😄
More are coming up. They are being edited.
@@Taimur_Laal sir you are the best political science teacher of the whole pak history since division of subcontinent
I never had this perspective before. This was quite educational. Thank you. ❤
10 Sal study Kiya Hai Maine aap Jaise logon ko physically pen bardasht Kiya aap Jaise logon ke liye per Alhamdulillah Aaj main ek capitalist jaisi Duniya Hai waisa hi
Logical and tangible elaborated
Well said
❤❤❤ great sir
I think instead of posing categories upfront like Socialism or Communism, we should work upon extant Capitalism in this way :- Try to see all possible paths including periodic reforms and reformations that Capitalism would take in future based on our understanding of its present condition. Let us keep it open. No socialism. No communism (it irks many). Then only we can reach somewhere (else/other than current state). It won't be prediction or prophecy but chalking out likely paths where we humans have a say, a will, freedom to give a turn around to capitalism rather than being either at its receiving end or falling prey to an uncertain path with the given name while contents are either distorted or state sponsored (e.g. state capitalism of Stalin and Mao). "Green Revolution" was state revolution/action. No farmers/groups/people demanded or desired it. People want state. State as patron. All roads end there. Be it in Pakistan or India or Austria or America! This is worrisome! Then why to enter into the utopia called communism? And why not? Let us keep names/categories out. How to be in the PRESENT first and understand it in the light of past social formations and past modes of production (MoP) including our despotic Asiatic Mode of Production (AMoP) that breeds centralisation of power (currently on eruption in both Pakistan and India as also elsewhere with flair)?
Yes very true last bit is thoughtful.
Hats up to you sir
2:20 - 2:25 Difficult to express! "Ye wo sheh hai"! 😃. Same way Marx felt it difficult to express "value"! He explained it in Capital vol.1 as "common something in all commodities"! How sincere! How honest! He could not give any other name or term to "value"! Everyone finds it difficult to express or explain. His crude expression value = "common something" (as if ghostly, spectral) is the best till date!
Love you so much ❤
Sir i have an question , what is substitute for not purchasing labour-power for entrepreneurs?
Does that mean , we shouldn't have entrepreneurs or private own businessmen?
So where does skill labour go to display their talent?
Im just confuse here. Please correct me sir.
Sir kindly das capital volume 2 pr lecture bnai.
Request: explination of primitive accumalition in urdu 🙏. This is very useful for me when talking/discussing politics with friends and family
But in Pakistan still feudalism exist in bitter condition and when they came towards capitalism inorder to give free market to their peasants and then socialism will come.So people in interior are far away from socialism they have travel alot to reach the socialism.
From Sindh
From Rawalpindi
❤
Professor Taimur saheb, kindly make a video on Marx's "On the so-called Primitive Accumulation of Capital" (what Adam Smith earlier termed "Primary Accumulaion of Capital") in Urdu. The reason I say is that Pakistan (like other developing countries) are trapped in the rhetoric of "Sarmayadari", "attracting investment", "attracting foreign companies", etc. etc. People should know how the bizarre and most grotesque category called "capital" was invented (which century, which continent, by which activities). And how this "primitive" method of 16th century has clung to it even today and will be stuck to it until this ruthless capital is dispatched to its grave. I think uninitiated novice people have over-positive view of goddess "capital" to the point of this force acting as miraculous godly fetishism! IMF ko hi le lijiye! We are purturbed the way IMF has overlooked (should I say consciously encouraged and facilitated?) rigging, stealing, looting of votes in people's mandate on 9 Feb (s)elections! The so-called "primitive" was very well present in the realm of modernity of IMF-Capitalism! It's her rule! Late Samir Amin would have said, it's in the "culture" of capital. My problem is :- What Is To Be Done With Capital? Mao would say, I shall tame and maim it. Then Deng started working on it in 1980s. To the point that China started glorifying and celebrating capital and capitalism. I guess the state in China shall confiscate all capital. See how it treats billionaire corporate Jackma! Samething with Ambani Adani..... State (in its daily tussle with capitalusm) shall eventually appear as the STRONGEST "So-called primitive accumulator"! My reading suggests that even Marx didn't have a solution to deal with State. At the most he wrote, how much more Paganism does society want? It appears there's a force behind force behind force...... endless chain!
2nd view from punjab 😜
luv u
Who determines the value of the goods being traded?
The state or labour unions
Who determines the market rates in (islamic)socialism?😊
If govt..would it be selected, elected, nominated or what? 🤔
In socialism, the market rates would be determined by a central plan by examining the cost of production and the benefits to society. Somethings would be sold above their cost (for instance cigarettes) and others things below (for instance education). Overall, the costs would balance with the prices.
English please
Sir you should watch "First they killed my father" movie and explain how they portray socialism
"Every movement go too far." I think Marxism b aik extreme philosophy he. Moderate baat ye he k natural resources public property honey chahiay. Iskey ilawa zakheera andozi k khilaf aqdaam kiay jain to capitalism ki khmian door ki ja sakti hain. Ghamdi sahb ki raey main islami nizam b yahi kehta he.
Salaam Professor,
Jageerdaari nizaam kive kharaab si, ek video es te vi banaao ji te jaankaari saanjhi karo ji.
Ek video Perennial Philosophy te Philosophers te vi saanjhi karo ji, jive Julius Evola, Alexander Dugin, Rene Guenon, Seyyed Hossein Nasr, Frithjof Schuon.
Ek video right wing anti Capitalist ideology te vi please.
Aap ji da dhanvaad.
Rajni Bakshi draws a difference (rather distinction) between "market" and "bazaar".
I m here after two minutes
Us door me insaan qwoat e mehnat to kia bklay khud inaan hi khareeda ja skta.
Very true.
@@Taimur_Laal Sir you are the best teacher of whole pak history since division of subcontinent
Agar main aapki taraf aaun to aap mujhe misal to Dena koi example to den khwab to Na dikhayen Russia Ki tarah
What is "value"? Obscure! No one knows!
Even Karl Marx termed it as spectral ghostly term : "common something" in all commodities!
رسول اللہ صلی اللہ علیہ وسلم کے دور میں صرف محنت ہی نہیں بلکہ محنت کرنے والے شخص ہی کو خرید لیا اور بیچ لیا جاتا تھا تو پھر وہ کیپیٹل سسٹم کیوں نہیں تھا ۔
السلام علیکم ورحمتہ اللہ وبرکاتہ
کوئی مثال دیں پلیز
مثال کیا دینی ہے غلامی کاسسٹم اور کیا تھا؟
Bil kul ghulami ka rawaj tha us dor me lakin us me bhi labour aisy nhi exploit hota tha..... Ghulam was more like a servant mostly personal work k lia..... (R islam ne ghulam ko equal rights diye but lets ignore it for sake of argument) labour to skilled person se hi lia jata tha e.g jesy kisi industrialist ka saman import krna e.g hazrat Muhammad hazrat kadeeja ka maal ly k gy....same hazrat Muhammad use to look after sheeps of banu saad us ka unhain hissa ya ujrat milti thi.... Equal to his work.... Jb k aj k time py labour ko exploit kia jata hy..... Aik private school teacher jo apni service de rha hota hy he is getting paid less than daily wages
Bil kul ghulami ka rawaj tha us dor me lakin us me bhi labour aisy nhi exploit hota tha..... Ghulam was more like a servant mostly personal work k lia..... (R islam ne ghulam ko equal rights diye but lets ignore it for sake of argument) labour to skilled person se hi lia jata tha e.g jesy kisi industrialist ka saman import krna e.g hazrat Muhammad hazrat kadeeja ka maal ly k gy....same hazrat Muhammad use to look after sheeps of banu saad us ka unhain hissa ya ujrat milti thi.... Equal to his work.... Jb k aj k time py labour ko exploit kia jata hy..... Aik private school teacher jo apni service de rha hota hy he is getting paid less than daily wages
@@Iqrakhanzadi782 اسلام میں غلاموں سے بہتر سلوکی تاکید کی گئی ہے مگر اس کا یہ مطلب نہیں ہے کہ غلاموں کے کوئی حقوق ہوتے ہیں بلکہ غلام نہ اپنی جان کا مالک ہوتا ہے نہ اپنے مال کا اور نہ اپنی عزت کا مالک ہوتا ہے اور جو لوگ غلام نہیں تھے ان کی اجرت بھی باہمی رضامندی سے ہی طے ہوتی تھی یعنی ڈیمانڈ اور سپلائی کا قانون وہاں بھی رائج تھا جو سرمایہ داری نظام کا بنیادی اصول ہے۔
Was Prophet Mohammad against slavery? Did he have any slaves of his own?
I'll answer in a video.
@@Taimur_Laal Ok Sir, thank you very much. I hope this question was not offensive. I just wanted to know
Concept of Slavery in Islam is very different from Western Slavery concept as we know it
The Way Western world treated Slaves with no remorse and brutality is sickening
Slavery if taking in positive context, if slaves are given their rights then it may be good in some cases (there are cases where being a slave is better under a good master)
Slavery is slavery
پیغمبر محمد کے دور میں بھی تو مزدوروں کی مزدوری کو خریدا جاتا تھا؟ اس پر بہت ساری احادیث بھی موجود ہیں۔ تو وہ دور کیوں کیپٹلسٹ دور نہیں تھا؟ اور نہ ہی اسلام نے اس بات کے خلاف کجھ کہا۔ مطلب اسلام میں مزدور کی مزدوری کو خریدا جاسکتا ہے۔
True. Some form of wage-labour has existed for a long time. But it was not the dominant form of production in Arabia. The dominant form in Arabia was pastoralism and trade.
Wage-labour only came to dominate the economy in England after the 16th century.
@@Taimur_Laal
"So the question is: Is Islam against wage labor?"
Islam didn't have its own economic system, rather it adopted the existing economic system based on slavery with few amendments.
The Basic Mode of production of Islam therefore was Slavery.
کسی دوسرے کی محنت کو شروع سے خریدا جا رہا ہے سرمایہ داری نظام کو سود نے اس مقام پر پہنچایا ہے جدید بینکینگ کے ذریعے
Chalo aapane Kaha Ki Duniya Mein itni technology hai garib khatm Nahin hota capitalist bahut Buri chij hai ki wo garib khatm nahin kar to Russia ne kya China ne Kya Hai North koriya ne kya kiya hai Cuba Mein Tha Chale mere pass paise Hain main aapke paise pay karta hun mere sath Chale Kisi country Mein main aapko vahan per garib dikhaunga Jahan per aap kahate Hain ki kya communism hai
The biggest illusion that many Communist have and also which leads to there failure is elimination of poverty. Poverty is an organic human situation. If you provide roti kapra makaan to every poor even then poverty does'nt end but the standard of poverty will rise and will make poor more lazy, unskilled and evasive.
Poverty is not only a situation but an attitude also, there is never lack of opportunity to escape out of it but other different reasons like lack of motivation, defeatist mindset, laziness, bad decisions and ignorance are reasons majority of poor remain poor. I know a lot of people who schooled and graduated same like me but are struggling to get even an entry level job because poverty comes from a reason like not working, researching and learning.
So this is capitalism that enrages and provide incentive to poor by making there own after sufferings of poverty. No matter how much Socialist governments welfare the poor they also never will end poverty because it never goes enough and people will become too dependent on it, thus stuck in endless cycle.
بھائ جب بھٹو نے کمیونزم کے نام پر اداروں پر قبضہ کئے تب بھی بہت سے جاگیردار اور آپ کے لمز کے مالکان سید براداران اپنا کاروبار چلاتے رہے ۔ ایک بنیادی اصول ہے کہ انسانی سماج میں دو گروپ ایک جیسے نہیں ہوسکتے اس لئے ہم جسے سرمایہ داری کہتے ہیں وہ اصل میں دولت نہیں بلکہ انسانی سوچ کی ویلیو کی بات ہوتی ہے ایک انسانی گروہ دوسرے انسانی گروپ سے الگ ہوتا ہے بول چال فکر مزھب اور جسمانی خدوخال بھی مختلف ہوتے ہیں اس لئے ایک گروپ دوسرے گروپ سے الگ ہو کر اپنی ایک دنیا تخلیق کرتا ہے اور معاشرے میں لیڈر کا مقام حاصل کرلیتا ہے ۔ ماسکو اور تاشقند میں ایک جیسی ترقی کبھی نہیں ہوئ اس میں کمینزم اور سرمایہ داری کا معاملہ نہیں ہے انسان کی سماجی فطرت میں سرمایہ داری ہے برابری نہیں۔
Aba tu khud se baate history information laleta hai Pak govt log kuch nahi bolta aisa so called liberal jo sahi liberalism samaj aya naa islam ye log debate karo ba musalman sahil ADEEM tareeq Masood aur bhi bade log sab batayenga ye kabhi Mufti banjata kabhi philosopher banjta historian banjata liberal bana jata hai kabhi kuch economits aba kya matlab kuch nahi pata adi baat karta bas naa poore paragraph bolta ye khud Google uthakar aba Google is not absolutely source waha koi kuch dal jata kuch bhi yaar I mean kuch bhi
I claim that you yourself, by your actions, ars a Capitalist, who is teaching in LUMS and earning a lot of money and privileges whereas on the other side to there are very few opportunities for poor people to study in such institutions. Why you don't teach in less paying education institutions to teach the poor class ? 8:27
That’s why I put my lectures on UA-cam. So everyone can learn for free.
کبھی بھی سرمایادارنہ نظام اور سوشلسٹ نظام اسلامی سسٹم نہی ہ سکتا بلکہ اسلام کا اپنا معاشی نظام ہے جس کا ان دونوں سے کوٸ تعلق نہی ہے
اور یہ دونوں فراڈ ازم کے علاوہ کچھ نہی
সমাজতান্ত্রিক ব্যবস্থা কেন প্রতারণা হতে যাবে। না জেনে আন্তাজি বললে হয়না
❤❤
“The Rational Optimist” is a book that single handedly deals with socialism.
Only capitalism ❤
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