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Gods and Mammon

Hindus and Jews exhibit mixed attitudes. Hindus seem to be very much against competition, but are in favour of private property and willing to trade off equality for incentives. By contrast, Jews are in favour of competition, but are more against private property and less willing to trade off equality for incentives. Finally, Islam appears as the religion least conducive to capitalism. Muslims are very much against competition, against private property and less willing to trade off equality for incentives. But it is not impossible for capitalism to succeed in Muslim countries, as Indonesia and Malaysia show. (...)