We are living in the era of industrial
feudalism. Large capitalist corporations own and control almost everything on
which the society depends. Building blocks of economy like oil, gas,
electricity, sources of industrial raw materials and metal ores as well as
human intellect are privately owned by large capitalist corporations.
What good can we expect when such
basic things are monopolized in a few hands? This freedom of the capitalist to
own whatever suits his profiteering transforms bulk of the society into a
peasant worker class.
Islam does not allow this freedom to enslave the whole society. The
Messenger of Allah (S.A.W) provided comprehensive guidance about who can own
what. Sharia rules of ownership protected Islamic society against feudalism for
more than ten centuries, until European powers colonized and enslaved Muslim ummah
into the clutches of both agrarian and industrial feudalism.
