LiveZilla Live Chat Software
Register/Login Login Contact UsContacts BlogBlog
Cart Items : 0 | Cart Total : R0
USA Categories
Site Security
Books > Business & Money > Economics > Economic History > 0986085332
  1. Unleashing Usury: How Finance Opened the Door to Capitalism Then Swallowed It Whole
    Image(s) provided for illustrative purposes and may differ from the actual product
  2. Unleashing Usury: How Finance Opened the Door to Capitalism Then Swallowed It Whole

    Delivery: 10-20 Working Days
    Price R702.00

Additional Information

Richard Westra argues that changes across the capitalist world at the turn of the 21st century put into play a global financial system which operates as a reincarnation of ancient usury.

The book reexamines the historical record to show how activities of antediluvian money lending brought Western civilization to the brink of collapse. Usury corrupted princes and kings by indulging their conspicuous consumption. It forced them to bleed their populations to fuel their possessive lust. And it fomented vicious cycles of indebtedness in the wars it compelled. Money lending to merchants spread the commercial economy that intervened between producers and consumers driving populations into debt and dispossessing them of their land.

What saved Western civilization was the rise of capitalism. Capitalism tamed the activities of money lending, and endowed them with socially redeeming value. The cost of borrowing was rationally set in money markets. Bank credit was offered in anticipation of incomes generated by its determinate use. All in all, capitalism tethered finance to expanding production of material goods and increased social wealth.

But, as the 20th century drew to a close, with capital no longer scarce as exemplified by the aimless bloating of varying categories of funds, finance again turned to its dark side. With the disarticulating of production through globalization, there existed no possibility for bloating funds to ever be converted into real capital with determinate, socially redeeming use. Instead, systemic rule changes empowered big banks, big investment firms and finance wings of giant corporations to unleash vast oceans of funds in a global orgy of money games.

However, the global financial system of casino play can only operate akin to ancient usury. Wealth for the few is expanded by expropriation and Himalayan levels of debt befalling the many! Like usurers of old the new Merchants of Venice are indifferent to how lent funds are used. And loan repayment is set arbitrarily, often exacting such a high cost that the borrower is ruined or forced to strive for the ruin of others. Big government becomes the handmaiden sweeping as much debt under the public rug as it can. Yet there is only so much in pounds of flesh left on the bones of humanity. Greece is really just the hors d'oeuvre.

Similar Products

The Long Depression: Marxism and the Global Crisis of CapitalismMakers and Takers: The Rise of Finance and the Fall of American BusinessListen, Liberal: Or, What Ever Happened to the Party of the People?How America Was Lost: From 9/11 to the Police/Warfare StateThe China Boom: Why China Will Not Rule the World (Contemporary Asia in the World)Global Capitalism and the Crisis of HumanityThe Rise and Fall of Neoliberal Capitalism

Richard Westra
Clarity Press
Clarity Press
Clarity Press
Clarity Press
Please Note

The authorised South African distributor of this product is under no obligation to honour the manufacture's guarantees/warranties or to provide after-sales service.

Please note that this item is imported from the USA, and is designed to be used in the USA. In addition, if the unit is powered it will come with a US plug and an adapter/transformer may be required. Please click here for more information on power requirements, or check with us if you are unsure or need any assistance!

Please also note that certain items cannot be imported, these include Alcohol, Animals, Flammable Materials, Currency, Food, Furs, Chemicals, Explosives, Medications, Plants, Seeds, Supplements, Pressurized Cans, Tactical Equipment, Vitamins, Weaponry and Weaponry Accessories. In these cases, the item and information is displayed for reference purposes only. If you are not sure if we are permitted to bring an item, please send us an e-mail with a link to the item to confirm.

Please also ensure that you are ordering the correct item for your particular application as returns to the USA are costly. Product reviews are also provided for most of our items, which can give you a good idea for possible things to look out for and the quality of the item. By clicking Add to Cart, you are confirming that the item is correct and you accept the conditions listed here.