Difference between Capitalism and Secularism

Capitalism vs. Secularism

What is Difference between Capitalism and Secularism? Capitalism and secularism are two totally different concepts, systems and points of view. At first sight, these concepts have practically nothing to do with each other; but in spite of their various differences they share an underlying theme. Below this post is all about the Difference between capitalism and secularism.

Difference between Capitalism and Secularism

Capitalism

Capitalism, for example, is a socioeconomic system that emphasizes private property and the free market. In capitalism, private owners control their respective means of production (of a product or a service) and determine the strategies to generate more profits. The concept of a free market is essential in capitalism. In this context, it is the market that determines the supply and demand of a product with consumers who have the freedom to choose and a variety of options in products and services.

Capitalism produces two types of income: profit for business owners and that of salaries for employees, often also a kind of compensation for people who perform a particular service for customers or consumers on behalf of the company. Capitalism, besides being a model for the economy, is also a model for society and social organization. Since capitalism is based on individualism, it can be said that some societies apply this model to their members. This encourages people, particularly young people, to be more independent with their skills or talents rather than being dependent on their families or society at large.

Secularism

On the other hand, secularism is a principle observed in society that affects both government and religion. Secularism or secularism encourages the separation of both entities in society to avoid a superposition of power or entity that controls the members of society at the expense of others who are in favor of another religion.

The separation of government and religion reduces the likelihood of abuses being reported against some members of society to benefit another group whose beliefs are accepted by more people. In addition to the separation of church and state, secularism prohibits the establishment of a state religion and encourages members of government to maintain their religion as a private matter that does not influence civil affairs.

Secularism gives the same rights to all members and affiliates of religious organizations, as well as freedom of worship based on the personal beliefs of each individual.

Secularism is often adopted in countries with members from different backgrounds or people with different religions.

Both capitalism and secularism share the idea of ​​democracy and equality. They also involve two social entities. But in capitalism, the sectors affected are the government and the trade / business sector, while in secularism; those affected are government and religion. Capitalism has as its idea the no governmental control or minimal interference in commercial transactions and business. On the other hand, secularism opposes the fusion of government and religion.

On the issue of equality, capitalism encourages any person to obtain benefits by any available legal means, while secularism or secularism maintains the status quo in a particular society, allowing the same rights and privileges to any member regardless of what religion belongs. The main differences between is the entities involved in each. Capitalism focuses on business and commerce, while secularism focuses on religion and government.