True to form, the Economist Magazine and Financial Times columnists have been defending capitalism. However, as the full extent of the financial crisis has unfolded their attempts at defending the indefensible have become increasing disparate and dogmatic. Ironically, desperation and dogmatism is how these publications disparagingly portray any intellectual opposition from Islam.Below we summaries key arguments in defence of capitalism as presented in a recent article, Capitalism at bay, published in the Economist 17 October 20008:

- Over the past century and a half capitalism has proved its worth for billions …

A simple fact underlies the systematic financial collapse of the western financial model.

بِسْمِ اللّهِ الرَّحْمَنِ الرَّحِيمِ
The real-estate crisis exploded in America and engulfed mortgages, rendering debtors unable to pay their loans. Major banks and financial corporations either collapsed, or are on the verge of bankruptcy. Incited by attractive subsidy packages and public announcements of anticipated heavy profits, international banks and investment funds rushed to this sector. So, the collapse of American banks and financial establishments, globalised, spreading to the world. It is as if America sneezed, infecting the entire world, which has now caught its cold.
Some financial sector sources have estimated the …

The £500 billon stake in the banking sector is the latest throw of the dice by the UK Government in an attempt to rescue systemic collapse in the financial system.

The financial crisis has dramatically demonstrated the systematic failure of laissez faire market capitalism.