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Books > History > History of specific subjects > Economic history
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Capitalism and Religion in World History - Purification and Progress (Paperback)
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Capitalism and Religion in World History - Purification and Progress (Paperback)
Series: Routledge Studies in Modern History
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Purity condemns filth; piety disparages corruption. Amassing riches
offered to a transcendental world, the priests of ancient faiths
found themselves trapped in contradiction. By loaning out their
resources to merchants, they made themselves pariahs to true
prophets. Before Islam squared the circle, bringing capital
mobility and credit creation into coexistence with devotion,
religion stymied merchant capitalism. Spread through trade, Islam's
innovations in commerce soothed the path to coexistence of credit
and faith globally. Had a second form of capitalism - technological
capitalism - not emerged, binding science to innovation, harmony
between faith and capitalism would have prevailed. However,
scientific advances deepen on empirical evidence that is buttressed
by critical debate, which is anathema to powerful elites in
countries saturated with religious nationalism. Consequently, easy
cooperation between capitalism and religion is blocked in these
lands, and so their potential for economic progress withers. Thus,
many of these states, trapped in the invidious stranglehold of
religion, are condemned to sustained poverty.
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