Unleashing Usury: How Finance Opened the Door for Capitalism Then Swallowed It Whole ePub (Adobe DRM) download by Richard Westra

Unleashing Usury: How Finance Opened the Door for Capitalism Then Swallowed It Whole

Clarity Press
Publication date: May 2016
ISBN: 9780997287004
Digital Book format: ePub (Adobe DRM)

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Usury laid medieval society to waste. Western civilization was saved by the rise of capitalism, which tamed the activities of money lending, and endowed them with socially redeeming value, tethering finance to expanding production of material goods and increased social wealth. Now, as the 21st century begins, bloating tides of money with no possibility of ever being converted into real capital wash over the world. Finance again has turned to its dark side, using money to make money with no socially redeeming purpose. Such is the endgame of economies managed by capitalists without capitalism. As Marx foresaw, capitalist society, like all others, is destined to be outpaced by history as the conditions of its existence decompose and become a drag on the human future. Either we will succeed in bringing about new politico-economic structures-or civilization will collapse into barbarism, just as usury broke it down in the past.
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