[PEN-L:4678] Re: Trond's Debt/Asset polarization model

[Jim Devine <JNDF%LMUACAD.BITNET@xxxxxxxxxxxxxxxxx>]

Somewhere in one of his obscure and usually unread books, the ancient
Bearded One with carbuncles wrote about the Roman Catholic Church's
opposition to the payment of interest. That might be relevant to
the issue of pre-capitalist opposition to indebtedness.

If a society is producing close-to-zero surplus product, there isn't
much room for the payment of interest. So bans on usury make a
certain amount of sense.

in pen-l solidarity,

Jim Devine
jndf@xxxxxxxxxxxxxx or jdevine@xxxxxxxxxxxxxxx
Econ. Dept., Loyola Marymount Univ., Los Angeles, CA 90045-2699 USA
310/338-2948 (daytime, during workweek); FAX: 310/338-1950
"Segui il tuo corso, e lascia dir le genti." (Go your own way
and let people talk.) -- K. Marx, paraphrasing Dante A.