The New Paganism Our civilization developed as a Catholic civilization. And let us make a little digression. The whole financial side of our civilization is still based on that false conception. The borrower accepting that proposition certainly has no grievance.
The distinction lies between a demand for part of the product of a productive loan, which is moral, and the immoral demand for either 1 interest on an unproductive loan, or 2 interest greater than the annual increment in real wealth which a productive loan creates.
A man is at pains to save. Neither of these examples could arise in practice because the law forbids such prolonged accumulation, but the very fact that the law has been compelled to do so, is proof that there Belloc essays of a catholic something wrong with the current notion everywhere acted upon, that money "earns" a certain rate of interest and has a moral right to it without regard to the way in which the capital is employed.
Hilaire Belloc bibliography The prolific author of more than books,   Belloc wrote on myriad subjects, from warfare to poetry to the many current topics of his day. Belloc closed with the same phrase in Greek, but most browsers do not have an ancient Greek font installed, so I deleted the last line of this essay to avoid the appearance of gibberish.
He also provides a fascinating look at economic and scientific issues from a Catholic perspective. To ask for that percent would not be an exaction of tribute from wealth that was not present, nor for wealth that was not created by the capital invested.
Perhaps, more so, because we are witnesses to many of the evils Belloc predicted. The run of modern Scientific writing takes its form of faith for granted and does not even know that it is a faith. It is not so. The emigrant did not reappear.
It is under some circumstances a demand for wealth which is not connected with the produce of the original investment, and the payment of which is therefore not a payment of part profit, but a payment to be made, if possible, out of whatever other wealth the debtor can obtain; and a tribute which, beyond a certain point, cannot even be paid at all, because the wherewithal to pay it is not present in society.
Nearly five million pounds a year. In the early s, he was given an old Jersey pilot cuttercalled Jersey. When I was first stammering out my elements as a boy at Oxford, a learned professor assured us in his lecture that the text of Aristotle must have become corrupt, because he could never have said so silly a thing as to call usury wrong.
At present the right view of life is not so much denied as ignored. The lyrics may have changed somewhat to fit the times. The mill gets into difficulties; a loan is raised from the bank; interest is promised on the loan, though there is no surplus wealth over and above the cost of production.
The enterprise does not fulfill expectations. It is almost a commonplace that the robbers of finance can prey at will on the Scientist, and it is to the honor of the Scientist that it should be a commonplace. The final essay maintains the argumentative tone of the others, and the style is the same.
As the cultivators get more and more embarrassed they borrow in order to pay that interest, and there comes a time of "overlap," during which, paradoxically enough, the banker appears to be more and more prosperous, though the community which supplies him is getting less and less so.
Now look at the matter from another angle. It is impossible to draw the line between the productive and the unproductive loan.
Though the money no longer earns legitimate interest, debentures are raised, the guaranteed interest on which is strictly Usury.
While pleased to accept the invitation, the experience left him physically exhausted and he considered stopping the lectures early.
Neither of these examples could arise in practice because the law forbids such prolonged accumulation, but the very fact that the law has been compelled to do so, is proof that there is something wrong with the current notion everywhere acted upon, that money "earns" a certain rate of interest and has a moral right to it without regard to the way in which the capital is employed.
He knows how to say exactly what he means and to assess the relative value of arguments based in reason, speculation, and emotion. They have also been criticised, for instance by comparison with the work of Christopher Dawson during the same period.
The paper was later called the New Witness, and still later, G. In other words, their function is more valuable than their form. Essays of a Catholic, first issued inis a book as germinal and provocative in its thinking as it was when first published.
Perhaps, more so, because we are witnesses to many of the evils Belloc predicted. But to come back to the Essays, we see that the book turns on two types of civilisation – the first animated by the Church (and in Western Europe and the Americas this is first and foremost the Catholic Church) and a second type of civilisation, which Belloc calls the new Paganism.
I did well to call this book Essays of a Catholic and not Catholic Essays. For if it became a matter of Catholic discipline that men should not today touch that unclean thing, the interest-bearing unproductive loan, discipline would stand self- condemned.
Belloc turns his strong brain, erudition, powerful logic and ultimate self belief within the Catholic religion to a bunch of subject matters, together with the recent Paganism, Legend, Usury, the colleges, the 2 Cultures of the West, The Catholic Church and the fashionable nation, and so forth. Oct 03, · Essays of a Catholic, first issued inis a book as germinal and provocative in its thinking as it was when first published.
Perhaps, more so, /5(32). Essays of a Catholic has 35 ratings and 4 reviews. Joseph said: Hilaire Belloc () was the son of a French lawyer and an English suffragette. The /5.Belloc essays of a catholic