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millennium-wisdom t1_j27yv6f wrote

Reply to comment by Neato_Orpheus in Saudi Arabia Takes Control of AR Pioneer Magic Leap in $450 Million Deal (Report) by LegitVirusSN

Indian, Chinese, Egyptian, Arab and Islamic civilizations

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Neato_Orpheus t1_j27z2xf wrote

Uh this is way to broad. And tell me their products from a modern capitalist setting.

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millennium-wisdom t1_j28bigl wrote

All were ruled by “ repressive authoritarian “ kings, Emprar, caliph and sultans and were able to innovate and produce products that the Europeans sought. I suggest you read about the Silk Road

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Neato_Orpheus t1_j2a6twj wrote

Well considering that they weren’t capitalist societies I don’t think those apply.

And also what civilization and what time? India was not India until after the British Raj. The sub-continent had a variety of states.

Egyptian civilization lasted 1000s of years and we don’t see a lot of innovation from them comparatively. They were still using Bronze weapons until the Hitties showed up with Iron.

China did have a lot of innovation but usually when it wasnt a Legalist dynasty in power. All their golden ages came from the least repressive regimes. The Han and Tang dynasties were very open compared to their predecessors.

And the caliphs of the Muslim empires had some of the most open courts in the world. Scholars and Scientist from all over the world went to their courts. Chemistry and Math had their foundations there. The whole reason we have Plato’s and Aristotle’s texts are because they kept the records as well as developed the numerals we use today. That’s not repressive.

You don’t know what your talking about

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millennium-wisdom t1_j2d1kre wrote

The Arabian civilization were the first capitalist society. They invented capitalism.

Muhammad ﷺ was the first Capitalist

Here are eleven basic principles set by him.

1 The Prophet ﷺ set up a market for the people, not controlled by the state.

2 He ﷺ did not tax it.

3 He ﷺ "was going to set prices, but determined that prices are in the hands of Allah."

4 People can own wealth, land, & the means of production.

5 The ruler has no rights over people's wealth (this hugely limits the ability to levy taxes).

6 The primary concern of the ruler, as per Sayyidna Umar, is "the stomachs of the poor."

7 Wealth sitting idle for a year is to be given to the poor at a rate of 2.5%.

8 Money-lending is an unlawful industry when the loan results in an increased return for the lender.

9 Finance requires partnership.

10 Wealth is better from the aspect of helping others: advancing the deen, supporting the needy, not having to ask people for money.

11 Poverty is better for one's own individual soul, based on the hadith, "You will conquer Persian & Byzantium and have one dress for the morning and another one in the evening.

See. Early Islam and the Birth of Capitalism Book by Benedikt Koehler

Egyptian invented lots of things. Off my head all musical instruments, the calendar alchemy.

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