The Fathers of the Church adopted a sentiment which accorded so
well with the communistic ideals of early Christianity, and St.
Chrysostom anathematizes money-lenders as men who “traffic in other
people’s misfortunes, seeking gain through their adversity: under
the pretence of compassion they dig a pit for the oppressed.”[63] The
Mediaeval Church, as was natural, inherited the venerable doctrine
of the sinfulness of lending money at interest and of speculative
trade, and prohibited such transactions in theory. But in practice
the prohibition was found impossible; nay, in many cases, injurious.
No capitalist would part with his money, or tradesman with his goods,
without profit. In the absence of loans and middlemen commerce would
come to a standstill, and large numbers of people would be doomed to
choose between a sinful life and virtuous starvation. The dilemma was
an awkward one, but not too awkward for scholastic subtlety, and the
sophists of the Church devoted much time and ingenuity to hair-breadth
distinctions, attempting to explain the inexplicable and to reconcile
the irreconcilable, by arguing that rent for a house or a horse was
lawful, but interest on money unlawful, and, like their brethren of
the law, they tried to avoid practical mischief by the sacrifice of
intellectual sincerity. The scholastic position, being absurd, met with
general acceptance.
However, in the earlier Middle Ages there was little temptation for
transgression, little scope for commercial speculation, while, on the
other hand, casuistry afforded abundant devices for evasion. The Church
was, as a rule, content to enforce the law on clerics, but towards
laymen she was more lenient. Nay, she encouraged traders to buy and
sell goods unaltered, despite St. Chrysostom’s sentence that such
traders are “ejected from the temple of God.” And yet she refused, as
much as Mohammed did, to accept the commonsense view that “selling is
but as usury,” and, while sanctioning the one, continued to condemn
the other. But so long as the Papacy was too weak to persecute, the
condemnation remained a dead letter, the Church being obliged to
connive at a sin which she was powerless to conquer.
Public-domain text, read in full here on John Shaqi.
Reviews
Reviews
No reviews yet
Be the first to share your thoughts on this work.
Elsewhere in the archive
Join the Discussion
Join the discussion
Sign in to leave a comment or review.
Sign InorCreate an account