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Interest-based Economy and Religion

German guy

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In the Bible and Quran, there are several verses which condemn taking interest when lending money.

For example in the Bible: Exodus 22:24; Leviticus 25:36-37; Deuteronomium 23:20-21; Psalm 15:5; Hesekiel 18:8, 13, 17, 22:12

In Quran: 2:275-276, 278-279; 3:130; 30:39


Our entire Western economy, even the world economy, is based on interest. Taking interest is what drives capitalism.

So if you are Jewish, Christian or Muslim, and if you think today's economy is the right system, how do you reconcile this with your religion?
 
Generally, I'm not a fanatic... so I don't mix religion into every aspect of my life, only my spiritual part.

That being said, I try very hard to stay away from loans and credits and so far, I have managed to do so with great success. The only debt I have piling over my head is the one my esteemed governing officials drop on me. I do not choose to stay away form credits and loans because of my religious doctrine, but rather, because I know what happened to countless people on TV who took credits and defaulted on their payments.
 
It's why God said "Render unto Caesar what is Caesar's, and unto God which is God's." It's doing business. Don't like it, don't do it.
 
Generally, I'm not a fanatic... so I don't mix religion into every aspect of my life, only my spiritual part.

That being said, I try very hard to stay away from loans and credits and so far, I have managed to do so with great success. The only debt I have piling over my head is the one my esteemed governing officials drop on me. I do not choose to stay away form credits and loans because of my religious doctrine, but rather, because I know what happened to countless people on TV who took credits and defaulted on their payments.


Same for me, so far.

Sounds like a smart approach, regardless of your religion. ;)

May I ask which religion you identify with and what's the situation of the churches in Romania?
 
In the Bible and Quran, there are several verses which condemn taking interest when lending money.

For example in the Bible: Exodus 22:24; Leviticus 25:36-37; Deuteronomium 23:20-21; Psalm 15:5; Hesekiel 18:8, 13, 17, 22:12

In Quran: 2:275-276, 278-279; 3:130; 30:39


Our entire Western economy, even the world economy, is based on interest. Taking interest is what drives capitalism.

So if you are Jewish, Christian or Muslim, and if you think today's economy is the right system, how do you reconcile this with your religion?

I could be wrong in regards to the history of this, but I believe that those religious restrictions do not include all persons. Rather, they are limited to fellow practitioners of the same faith.

That is, Christians should not lend to Christians at interest, Muslims should not lend to Muslims at interest, and Jews should lend to Jews at interests.

However, it is perfectly acceptable for Christians to lend to Jews and Muslims at interest, for Jews to lend to Muslims and Christians at interest, and for Muslims to lend to Christians and Jews at interest.

During the Medieval Age, this was how Jews in Europe survived even as the Roman Catholic Church was insinuating itself in the political system. The Catholic Church used it's benefits to support the monarchies of Europe and in exchange the monarchies of Europe provided the Catholic Church with certain benefits and even mandated religious-based law.

One of these laws was against "usury" which is loaning at interest. But this was only from one Christian to another. Jews were allowed to lend to Christians at interest because they were not Christians. They were also allowed to loan money at interest because many of the people who required such loans were the monarchs and nobles of Europe, mostly to wage war with their fellows in order to conquer land whose produce they could then tax for themselves.

But the reason for this is because in the prior to the Enlightenment ethnic and religious groups did not really see members of other and competing ethnic and religious groups as "real people." That is they had no sympathy with each other. Which is why such genocidal campaigns were made of one societal group against another.

This is also why distrust and suspicion of the Jews in Europe was so widespread, and why European monarchs and nobles occaissional led pogroms against Jewish communities. Especially when such monarchs, nobles, and the merchants that supported them could not collect the wealth needed to pay back the interest-based loans to their Jewish creditors.
 
Same for me, so far.

Sounds like a smart approach, regardless of your religion. ;)

May I ask which religion you identify with and what's the situation of the churches in Romania?

Well, first off, like most European countries, Romania is a secular state.

I'm Christian Orthodox.

Like in most of Eastern Europe, the major churches are either Orthodox or Roman-Catholic (hungarians, germans, french and other western Europeans usually belong to it). Most of the Romanian population is Orthodox too but some don't even know exactly what it is supposed to be about. Here in Romania especially, we have the most vulgar of expressions... some of which use the divinity or religious elements to increase their vulgarity. Don't ask me for specifics... they sound dumb in English and it is more of a local flavor. it is however one that I rarely encountered anywhere else which gives me both a sense of uniqueness... and disgust.

The clergy is at times involved in school to teach religious education to people but it rarely seems to impress upon people a solid notion of respect for divinity. That respect is found rather later in life or due to other circumstances... tragedies and hardships of life push people to hope in something better. Since the real world offers little of such a perspective, the major Christian denominations offer the best alternative.

Other religious present in Romania, like in all the christian world from what i've seen, are the cults -> adventists, baptists, presbitarian, the jehova witnesses. For any americans reading, no, they are not our "evangelicals". They are quite decent people all in all but yes, some do have their own brand of crazy(like all other religions), but NOT THAT crazy.

There are large jewish communities in this country, some mainly in the east and central region of Romania.

Atheism has also been steadily increasing in Romania and all over Eastern Europe. I do have a few friends who claim to be atheists and this doesn't surprise me at all. I do however have one friend who turned quite amazingly to an eastern philosophy like taoism or such. I don't think he himself knows what he is or wants to be, but he is a scholar of these oriental religions and is quite fond of them and claims to be following them.
 
It's why God said "Render unto Caesar what is Caesar's, and unto God which is God's." It's doing business. Don't like it, don't do it.

Well put. Its also a matter of the golden rule those that have the gold make the rules.
 
Well, first off, like most European countries, Romania is a secular state.

I'm Christian Orthodox.

Thanks! That's very interesting. Maybe you know about the situation in Germany already, but just in case you don't, I'll share a little, if you don't mind.

Like in most of Eastern Europe, the major churches are either Orthodox or Roman-Catholic (hungarians, germans, french and other western Europeans usually belong to it). Most of the Romanian population is Orthodox too but some don't even know exactly what it is supposed to be about.

In Germany, we have roughly one third Catholics, one third Protestants (mostly Lutheran) and one third atheists/unaffiliated. On top of that, there are ca. 4 million immigrants from Muslim countries (on a population of 82 million total) and a large number of smaller groups or churches. But only ca. 10% to 15% of the population are strongly professing their religion (going to church regularly, etc). You have many rather secular "Christmas Christians" (who only turn up in church one day per year), who are not really religious.

Here in (West-)Berlin, I grew up in a mostly atheist environment. Back in elementary school, the one or two pupils in my class who claimed to believe in God were ridiculed like kids who still believe in Santa Claus or the Easter Bunny. As far as I can tell, that's common in Berlin and most of east Germany.

The commies did a good job marginalizing in east Germany. I wonder, how did the Romanian communists treat the churches when they were in power? Did they discriminate religious people and managed to weaken religion, or were the churches too strong?

Here in Romania especially, we have the most vulgar of expressions... some of which use the divinity or religious elements to increase their vulgarity. Don't ask me for specifics... they sound dumb in English and it is more of a local flavor. it is however one that I rarely encountered anywhere else which gives me both a sense of uniqueness... and disgust.

Reminds me of a Croatian friend of mine. His family is very Catholic, and they have such a kind of religiously spiced-up vulgarity too. ;)

The clergy is at times involved in school to teach religious education to people but it rarely seems to impress upon people a solid notion of respect for divinity. That respect is found rather later in life or due to other circumstances... tragedies and hardships of life push people to hope in something better. Since the real world offers little of such a perspective, the major Christian denominations offer the best alternative.

That's interesting. And similar to my personal story. I used to be an agnostic for most of my life, until I faced an illness that made me begin a spiritual journey. A while ago, I joined the Baha'i faith (only ca. 5000 of them in Germany) and now feel at home in this faith.

Germany is actually not a secular state ... or at least no laizist state. There is a long tradition of cooperation between the state and the major churches, dating back to the Empire, so both are intertwined to some extent: For example, the state collects the church tax for the churches, from the members of the respective church. In public schools, there are religious education classes, but the teachers are trained and sent from the churches, allowed to teach in public schools. Things like that.

There are large jewish communities in this country, some mainly in the east and central region of Romania.

Is there much anti-Semitism in Romania? If yes, is it more a "Christian brand" à la "the Jews killed Jesus", or the less religious "Elders of Zion" stuff?

Atheism has also been steadily increasing in Romania and all over Eastern Europe. I do have a few friends who claim to be atheists and this doesn't surprise me at all. I do however have one friend who turned quite amazingly to an eastern philosophy like taoism or such. I don't think he himself knows what he is or wants to be, but he is a scholar of these oriental religions and is quite fond of them and claims to be following them.

Almost all my friends outside my religious community are atheists. Being an atheist in Berlin is probably about as original as being a Jew in Israel. ;)
 
Thanks! That's very interesting. Maybe you know about the situation in Germany already, but just in case you don't, I'll share a little, if you don't mind.



In Germany, we have roughly one third Catholics, one third Protestants (mostly Lutheran) and one third atheists/unaffiliated. On top of that, there are ca. 4 million immigrants from Muslim countries (on a population of 82 million total) and a large number of smaller groups or churches. But only ca. 10% to 15% of the population are strongly professing their religion (going to church regularly, etc). You have many rather secular "Christmas Christians" (who only turn up in church one day per year), who are not really religious.

Here in (West-)Berlin, I grew up in a mostly atheist environment. Back in elementary school, the one or two pupils in my class who claimed to believe in God were ridiculed like kids who still believe in Santa Claus or the Easter Bunny. As far as I can tell, that's common in Berlin and most of east Germany.

The commies did a good job marginalizing in east Germany. I wonder, how did the Romanian communists treat the churches when they were in power? Did they discriminate religious people and managed to weaken religion, or were the churches too strong?

Yeah, I read about 1 year ago that Germany and the scandinavian states have the highest atheist populations in Europe. Or at least, unaffiliated population. I found it rather interesting that the study itself showed that people who adhered to atheism were more likely to come from a western, free society rather than the communist one.

During communism, in Romania, the religious community was kind of tolerated but only when it benefited the state. It also depended on the region and the communist party representatives in the region. Not all people in the communist party respected the ideology fully... and some made it worse than it was or easier to live with. While it is true that the better part of the clergy had endured persecution and many of them went to jail because they were priests and such, not all theological institutions were banned or destroyed. There were still theological schools that functioned and churches that had plenty of constituents. This is particularly true for the villages.

Attending Church was sort of banned. It is a curious relationship because it is one thing on paper from and ideological standpoint but the general standpoint was quite varied.

For example... I know a few stories of people who got sent to jail on charges that they went to Church. That was more than often the pretense because said people couldn't be found guilty of anything else. I am quite certain this is a common story through the eastern block under communism since i have discovered other sites that reported the same thing in Poland and other countries.

I assume the reason why communism failed to destroy religious attendance in whole is because of 2 reasons:
a) the forbidden fruit syndrome -> people want what they can't have. Also, this has the undesired consequence that people miss out on religious aspects. They receive a shallow image of promise of what religion has to offer Just like Eve didn't know all the consequences of eating the apple, didn't know all aspects of it... it is the same with the religious community in eastern europe. Most belong because they just do, but anything more than that is shallowly developed.
b) the timeframe. 50 years just isn't enough to completely remove something that was present for hundreds of years.

Reminds me of a Croatian friend of mine. His family is very Catholic, and they have such a kind of religiously spiced-up vulgarity too. ;)

Yeah. It is more a cultural thing rather than a religious thing.

That's interesting. And similar to my personal story. I used to be an agnostic for most of my life, until I faced an illness that made me begin a spiritual journey. A while ago, I joined the Baha'i faith (only ca. 5000 of them in Germany) and now feel at home in this faith.

I must confess I don't know much about the baha'i faith. I have heard of it, but never looked deeper into it. It is good that you found a religion that suits you.
Germany is actually not a secular state ... or at least no laizist state. There is a long tradition of cooperation between the state and the major churches, dating back to the Empire, so both are intertwined to some extent: For example, the state collects the church tax for the churches, from the members of the respective church. In public schools, there are religious education classes, but the teachers are trained and sent from the churches, allowed to teach in public schools. Things like that.

I find this the most odd thing in the world. Honestly. We don't have that here and I am quite amazed. The church collects its own taxes (usually once an year) but it does indeed pay no taxes to the state. It also receives money from the state (especially during the election season) because of "generous" politicians. But it is not like the state can come and arrest you or fine you for not paying Church taxes. It is an entirely voluntary action. You also benefits from paying said Church tax. You can have your house sanctified, you receive holy water and many more things.

Is there much anti-Semitism in Romania? If yes, is it more a "Christian brand" à la "the Jews killed Jesus", or the less religious "Elders of Zion" stuff?

I live in a city where there is a Synagogue and a fairly decent jewish community around it. I have no direct contact with them but I never heard of there ever being anti-semitic signs or vandalism because of anti-semitism. We do have a right wing party called "the new right" but they are not that concerned with "the jewish question". They are more concerned with the gypsy problem and some issues in politics. Romanian skinheads over here also don't go about bullying the jews but rather they have a beef to pick with hungarian extremists.

Also, in regards to israel, there is barely any public movement to criticize it or praise it for that matter at grass roots level. Most people just don't give a hoot about it more than it just being a discussion over a beer or so between drunk college grads discussing world problems. It rarely if ever goes beyond mere isolated vocal discontent. Even in the south-east where there lives the largest muslim community there is no display of anti-semitism or anti-israelian sentiment.

I can imagine that out of the two, the Jews killed Jesus brand is more popular though by popular I mean, if you gave a person to choose, he would choose that because it is in the Bible and it makes more sense.

Almost all my friends outside my religious community are atheists. Being an atheist in Berlin is probably about as original as being a Jew in Israel. ;)

:p
 
In the Bible and Quran, there are several verses which condemn taking interest when lending money.

For example in the Bible: Exodus 22:24; Leviticus 25:36-37; Deuteronomium 23:20-21; Psalm 15:5; Hesekiel 18:8, 13, 17, 22:12

In Quran: 2:275-276, 278-279; 3:130; 30:39

Our entire Western economy, even the world economy, is based on interest. Taking interest is what drives capitalism.

So if you are Jewish, Christian or Muslim, and if you think today's economy is the right system, how do you reconcile this with your religion?

Islam has interestingly found a way around this, at least with mortgages. The bank will buy the house for you, and you build equity within the house by paying a fix amount every year. Because you are not borrowing any money, there is no interest charged. The bank sets forth the total amount you will pay to get final ownership which is essentially the interest + the basis of the house and then divides that evenly over the mortgage period. Effectively, Muslims pay no interest in the context of what interest is. In some ways this is uber-conservative banking as the bank takes on the whole risk and therefore makes very picky choices as to who to "lend" to.
 
In the Bible and Quran, there are several verses which condemn taking interest when lending money.

For example in the Bible: Exodus 22:24; Leviticus 25:36-37; Deuteronomium 23:20-21; Psalm 15:5; Hesekiel 18:8, 13, 17, 22:12

In Quran: 2:275-276, 278-279; 3:130; 30:39


Our entire Western economy, even the world economy, is based on interest. Taking interest is what drives capitalism.

So if you are Jewish, Christian or Muslim, and if you think today's economy is the right system, how do you reconcile this with your religion?

I don't think the current system is inherently immoral, although I would prefer a system more similar to that of medieval Europe.
 
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