Usury has been misdefined as excessive interest, the charging of excessive interest. But, usury is not about having a debate around which percentage of interest is acceptable. Usury is the earning of interest on something that did not exist before.
I have written before about what I have come to believe is a root problem undermining all our attempts to create better lives and better conditions for all who share living on our finite planet. We need Monetary Reform, a change in the way money is created and put into circulation in our economies. [This is a man-made construct, not a natural law; history shows many precedents regarding different methods of money creation.] Recently I heard/read a brilliant podcast on the same theme. I hope you who read this will also listen. The definition of usury, earning interest on something that did not previously exist, is there. Also there is a distinction between causative injustices and derivative injustices. If the monetary system is indeed a causative injustice, from which so many other injustices derive, and if we consider how it was brought into being, we can see that well-meaning people as well as psychopathic greedy people [each of us capable of being both] sleepwalked into the creation of this dangerous destructive system that feeds derivative problems the world over. [It’s a systemic problem, we are part of it, that is why we often feel so helpless.]
How to reform/change?
We need a different image, an easily imaginable mind map of how a different money system would work. The first essential, that is indeed well on the way in many parts of the world, is that we stop giving precedence to purely rational thinking, AS IF by reasoning we could encompass ALL the elements that made up a causative story line. We can’t. See modern neuroscience, or less modern maths logic, like Godel’s theorem, and recognize that any thinking will either be circular or move outside its initial bounds*.
Enter: UNCERTAINTY, we really do not know the future, but duh, we don’t know past nor present either. Language, and its mind-mate reasoning, does not capture all. Perception is not only limited, it can be false.
Enter: EMOTION, the biological response that tells us the state we are in, filtered and nuanced through nature, nurture, memory and experience to become a present feeling.
Enter: INSTINCT, the impulse to act, to be an agent in our living.
Because these enter and affect our experience in our body knowledge, before our higher cognitive capacity gets going, thinking includes them.
ENTER: we no longer feel helpless, we can act, in humble and ordinary lives, each of us may be as a drop in the ocean, or a butterfly wing tossed in the wind, but, we become part of the change. We can each make a new Money Mind Map for ourselves and share that, as widely as possible, making connections, adapting and changing as we live it out.
As well as writing posts, I am looking more closely at where and how usury enters our lives, my life.
I have come to believe that the Monetary System where banks create money through credit/debt came into being because usury was ignored. This is, as always, about money creation, NOT about money lending, as lending means that the something lent already existed.
I can’t do much about the price of my coffee, and the amount of that price that is interest in the usurious system. I can move away from some kinds of “money” making, like share dealing. [As my income is relatively small, this is easy, I do not have spare money with which to deal.] The best I can do seems to be to support activities that are based on commons principles, or cooperative endeavours. Especially I can support community actions that do not involve money at all, see for example the “101 things to do“.
And, I write to my representatives, both local and national. Apparently they do heed what constituents say, if they hear it often enough from enough of us.