Imam Tom Weekly, a Yaqeen podcast How Islam Rethinks Socialism and Capitalism | Focal Point with Imam Tom Facchine
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Nov 13, 2025 Imam Tom dives into the intersection of Islam with capitalism and socialism, questioning how Muslims can engage politically. He highlights the harms of capitalism and explores Marx's ideas like alienation and historical materialism. The discussion emphasizes that neither system aligns with Islamic values. Unique Islamic concepts of ownership and wealth highlight ethical responsibilities. Ultimately, Imam Tom suggests that success should be measured by dignity and closeness to God, urging a moral framework in economics and politics.
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How Capitalism Organizes Society
- Capitalism harnesses self-interest and profit motive to allocate resources and promote innovation.
- Imam Tom argues this system amplifies greed, accumulation, and maximization leading to social harms.
Harsh Realities Of Early Factories
- Early industrial capitalism created de facto wage slavery and horrific factory conditions that trapped workers.
- Imam Tom describes locked factories, denied bathroom breaks, and deadly fires as lived consequences.
Environmental Costs Of Profit Motive
- Capitalist production caused severe environmental degradation from unchecked industrial waste.
- Imam Tom cites Onondaga Lake as an example of long-term pollution from profit-driven dumping.
