Friday, August 22, 2014

Usury and Anarchy

You know someone understands what the is doing is wrong when he hides the activity.  A porn addict will try to hide the fact, fo course, because he knows it is wrong.  Now some porn consumers make no effort to hide the fact, simply becuase they have no sense it is wrong.

We see this with capitalists.  They try to hide the fact they are capitalists.  They usually conflate capitalism with free markets, trying to hide the evil of capitalism by draping free markets over the crime.

Capitalism by definition is grounded in usury (interest).  Usury does damage by concentrating economic power in ever fewer hands.  At some point the concentration of power is irresistible. 

In a capitalist system, of which democracy is a most suitable polity, politics is disputing the distribution of the spoils of usury.  The children get to play at influencing a decision. Legislation is what the powers that be, the usurers, decide how the spoils will be distributed.

If usury is absent, anarchy is possible, since there are no concentations of exceptional wealth to distort markets, misallocate resources, or malinvest.  Usury and anarchy are mutually exclusive.

The Jews could go 400 years with no king or goverment (plenty of governance, but voluntary, as is the case in anarchy) because they had no usury.  Problems were sorted out by prophets.

Governments and kings emerge with usury since there needs to be a decision process for distributing the spoils of usury.  That, in a nutshell, is mdern economics.

Feel free to forward this by email to three of your friends.


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