Unleashing Usury

How Finance Opened the Door for Capitalism Then Swallowed It Whole

Business & Finance, Finance & Investing, Finance
Cover of the book Unleashing Usury by Richard Westra, Clarity Press
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Author: Richard Westra ISBN: 9780997287004
Publisher: Clarity Press Publication: January 5, 2010
Imprint: Clarity Press Language: English
Author: Richard Westra
ISBN: 9780997287004
Publisher: Clarity Press
Publication: January 5, 2010
Imprint: Clarity Press
Language: English
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.
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
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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