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Barren Metal: A History of Capitalism as the Conflict between Labor and Usury, by E. Michael Jones
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- Sales Rank: #760304 in Books
- Published on: 2014
- Binding: Hardcover
- 1456 pages
Most helpful customer reviews
37 of 37 people found the following review helpful.
Usurers Beware!
By Amazon User
Dr. E. Michael Jones does it again! Every student from theology to economics, history to philosophy, must read this book. Elegantly written with the novice in mind, Jones goes to great lengths to eliminate the shroud of vagueness that blankets modern day economic terminology by defining essential terms such as usury, labour, and capitalism. Relying on a firm belief in Catholic Social Teaching, the Western Tradition of the Catholic Church, and an excellent historical prospective, Jones takes the reader through a history of the conflict between labour and the attempt, by usurious means, to appropriate all surplus wealth. Nothing has ever been written like Barren Metal in the history of Western Civilization. If Adam Smith and his acolytes possessed this book, they would have been able to see all ten fingers! If you have been asking questions such as, "Is interest a just act?" or "How exactly is usury defined?", then read this book! Most histories of economics and related topics begin with Adam Smith's incomplete version of how a nation's wealth is created and distributed. Jones goes further and dives into the sources of the Italian Renaissance, allowing for a clear and concise explanation of how history has led man to his modern day sterile capitalistic status. Thanks to Jones, even the average reader can now grasp concepts once foreign to laborer (the debtor) and all too familiar with those with the means to do as little work as possible while accumulating as much wealth as possible (the creditor). Simply put: this book will help anyone understand the deleterious actions of the few that brought today's markets falling to their knees and begging for the return of morality. This book is a must have, especially after having read Jones' Opus: The Jewish Revolutionary Spirit. In closing, sources are well researched and the index is flawless.
13 of 13 people found the following review helpful.
Capitalism As State Sponsored Usury
By MDLION
A few days ago, about two months after I purchased this book in June 2015, I was made permanent at the large company I had been temping at for eight months, from December 2014. In reading and signing various paperwork while making the transition from temp to perm, I read that I am an "at will" employee. "What happens if the company's will for me to work for them changes?" I thought. Of course I could be out of a job. The concept of "at will" employment comes up in this remarkable book, really quite an achievement for Dr. Jones. It comes up in reference to the horrible treatment the Irish received at the hands of English landlords at the time of the 19th century Irish potato famine:
"The people who worked the land and improved it were considered tenants 'at will,' which meant the landlord could drive them off the land whenever he chose. ... The Catholic Irish peasant lived, as a result, in a constant state of insecurity knowing that he could be expelled from the land he tilled at the whim of a landlord imbued with the most ruthless capitalistic principles. ... 'the tenants were handed over to exploitation. Profit was the only motive.'" (PP. 1003, 1002)
Job security is one of the reasons I've always been Pro-Union. Better wages, benefits, and treatment of the workers are others. When I worked for UPS, the Teamsters protected the workers from "production harassment". Production harassment has been more prevalent at non-union jobs I've held. One such job was a fulfillment center job I held before Christmas (Oops, I mean, "Holiday") 2007. On the first day of this job, a supervisor told a group of us new hires, "This is a free trade zone." "Is that why the pay's so low?" I thought. I was paid $9/hr at the job. A co-worker told me that three years earlier the company had been starting the temps at $12/hr. The driving down of wages and free trade come up on page 1265 of "Barren Metal":
"As the situation in America prior to the founding of the Federal Reserve System had shown, manufacturing when protected from predatory free trade could often fund capital expansion out of profits. Beyond that, equity investment which shared risk was morally licit as well, even though all of these options got lumped together under the Marxist understanding of 'capital.' Similarly, the owners of factories were, more often than not, guilty of driving wages down to subsistence level, but, as Henry Ford had shown, again in America, this need not be the case, and ultimately it was not in the interests of the manufacturing class, as the Ford Motor Company showed in 1947 when it finally agreed to bargain with the United Auto Workers Union."
In 1960, my Dad went out to the Ford plant in Louisville and was immediately hired. A few days ago in 2015, it was announced that the Ford plant in Louisville would be hiring 5000 new workers at $15.78/hr. The company now decides who will be eligible for interviews by a lottery system.
My Dad eventually retired from Navistar (formerly International Harvester). Sometimes there would be strikes. I was on strike for 16 days in 1997 while working at UPS. Along with a majority, I voted down the contract initially offered to us because it was greatly lacking in full time job opportunities. As a single man with no children, I didn't feel so bad about my situation at UPS. But I thought it bordered on being immoral that so many of my married co-workers had to run around like chickens with their heads cut off to two or three part time jobs, spending time away from their families. Dr. Jones points out on pages 1328 and 1329 that Pope John Paul II's encyclical "Laborem Exercens" says workers have a right to strike:
"[W]orkers should be assured the right to strike, without being subjected to personal penal sanctions for taking part in a strike."
Rather than write a systematic overall review of "Barren Metal", I have decided just to point out a few areas of personal interest. I haven't read the entire 1400 plus pages yet, but from the chapter titles and excellent index have been reading sections. I haven't even touched on "Usury", though I've been harangued by credit card companies in the past during very lean years. I particularly enjoyed Chapter 6, "St. Bernardine of Siena".
Let me recommend to any interested readers, Dr. Jones' excellent monthly, "Culture Wars", of which I've been a subscriber for years.
13 of 13 people found the following review helpful.
Usury is Evil.
By Dennis Gannon
A very good enjoyable read. It was nice to find someone with the scruples to point out the evils of usury. Economics is not a morally neutral science. The so called 'free market" is not free, those who make the laws have a party or group of lobbyist they favor, etc. Like his other books, Michael has the guts to point out the evils of the Talmud and the so called Jews who follow it are evil. The book is well documented. Those who see the evils of today's Central banking should find answers to the problem by reading Ellen Brown and her books about public banking.
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