A belief system that rejects competition,rank and luxury is:

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Daoism emphasizes simplicity, humility, and harmony with nature, and rejects the pursuit of material wealth and status. Confucianism values education, social order, and hierarchy. Buddhism sees suffering and desire as the root of all problems and seeks to overcome them through meditation and the Eightfold Path. Communism is a political ideology that seeks to establish a classless, egalitarian society. Hinduism encompasses a wide range of beliefs and practices, including the pursuit of wealth and status.

A Belief System That Rejects Competition,rank and Luxury Is