Losing Interest: The Antisocial History of Economic Growth
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Nothing about endless capitalist growth is normal.
Across thousands of years of human history, most cultures have placed explicit social and moral restrictions on economic growth, with charging interest scorned as benefiting from another's hardship and profit-making as divisive. So how did interest rates, monetary gains, and return on investment come to rule our modern world?
Across thousands of years of human history, most cultures have placed explicit social and moral restrictions on economic growth, with charging interest scorned as benefiting from another's hardship and profit-making as divisive. So how did interest rates, monetary gains, and return on investment come to rule our modern world?
Though most economic histories tell this story as one of overcoming superstition in favor of social progress, Losing I...


