Thursday, October 11, 2018

Usury and De-Humanization

'Human' can connote either an internal characteristic of a person, e. g. fallibility, or their membership in the species.  Likewise De-Humanization can consist in the negation of one or the negation of the other.  Thus, Usury--lending at any interest rate greater than 0--is De-Humanizing in two respects.  First, insofar as the practice aims at an increase in wealth for its own sake, it exemplifies Chrematistic behavior, which, as Aristotle proposes, is illustrated by Midas.  In other words, Usury de-humanizes the usurer.  Second, insofar as it involves the gain of a lender at the expense of a borrower, it consists in a dissociation of two members of the species.  Now, the likely argument that borrowing can be beneficial to the borrower, and, hence, is an example of neither of those two respects, is easily refuted by the point that the Interest dimension of the transaction is extrinsic to any benefit, i. e. that a gift or an interest-free loan is sufficiently beneficial.  So, the deeply-entrenched acceptance of Usury at any rate is an indication of the normalization of De-Humanization in a society.

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