An Alternative To The Grave Sin Of Usury

Pope Leo the new Pope as of last year has made comments reaffirming one of the oldest condemnations in the history of Christendom, the grave sin of usury. Usury in the Western tradition has been frowned upon since the days of Aristotle and even Plato's grandfather Solon the law giver struggled against it in ancient Athens. St Thomas Aquinas a Catholic saint and doctor of the faith said that usury charges from time which is something that no man owns but rather God and so usury is therefore a crime against God. In the old testament usury was so vile that it was forbidden for one jew to charge interest to another Jew. 

And today the dying west finds itself rejecting Christianity and one of these rejections is the moral taboo of usury. Our entire banking system is wrong in an objective moral sense, which would explain why it is not working and we only end up in more and more debt. To depart from the objective morality of God and his church can only lead to ruin. And to try and make up for this lack of control we created central banks, private banks that serve only at best as a break mechanism to the rampant spending of politicians who sell now for later by way of loans which are usurious. 

So how do we return to sound Christian practice in regards to money while also providing capital for families to engage in Christian markets and personal property? We engage in profit sharing. In profit sharing. In profit sharing terms are agreed up front such as a 70/30 split. If the business venture is successful we both win and if it fails we both lose. This binds reward to real success while making wealth contributional to society and making capital operate in the real and physical world made by God. This system was used by the old Christian guild systems and was successful in the construction of the great cathedrals and keeps that once defined a more glorious western Christian past. 

Usury thrives due to its offer of predictability and liquidity but is largely only used by large financial institutions due to its ability to gain power without exposure. It is predictable because the lender knows what to expect in advance. It offers liquidity because a loan can be sold, bundled and sliced into tranches. And it grants the usurer power over the borrower which is forbidden in the Bible by way of allowing the lender to seize assets, garnish wages while the lender who is the one who made the loan is protected by the state in the modern day.

Profit sharing has great potential while also maintaining Christian morality. For example should a business face success both parties will profit and should it fail both will lose. This forces capital to face reality in that life is uncertain. In order to engage in profit sharing one also needs a healthy understanding of an industry, as opposed to bankers writing loans with little to no knowledge of any particular industry. Profit sharing favours long term building through families and guild systems as opposed to empires which require usury to grow and function due to unsustainable financial needs.