Ca. 1600: Inventing Capitalism

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O Neill Media Center Stacks PS3525.I5156 C72 1997 Ca. 1600: Inventing Capitalism 23 October 2007 Week 08 - Lecture 01 1

Catholicism/ Eastern Orthodoxy Anglicanism [ high and low ] James I [1604]: No bishop, no king. [Church of England; Episcopal USA] Lutheranism [ high / low ] Methodism Calvinism -------------------------> [Presbyterianism: Scotland/USA] Baptists Anabaptists Puritans/ Quakers Levellers Unitarians Wars of Religion are wars over mediation Priest? Bishop? Pope? King????? I. The Wars of Religion = Age of Civil Wars 2

A. The Case of German-speaking lands STATE EMPIRE modern = SPAIN!!! 3

Peace of Augsburg = 1555 Cuius regio, eius religio = Whose the region, his the religion Here I stand???? B. The Hybrid Case of Anglicanism 4

Book of Common Prayer (1549) Catholic/Calvinist hybrid Catholic: sacraments / rites / ceremonies Calvinist: Church of England i.e., a national church (not allied to Rome) 5

Flag of the United Kingdom = Union Jack Superposition of flags: St George (England), St Andrew (Scotland) and St Patrick (Ireland). 1604: Against Puritans: No bishops, no king. 1606: Union Jack 1611: King James Bible [Authorized version] James I ambivalently favorable toward Catholicism; increasing opposition of Puritans C. France: Neighbor of Geneva 6

French Wars of Religion [civil war] begin 1560 1555: Peace of Augsburg ; 1559: Elizabeth I Hapsburgs to south and north [Spanish / Netherlands] Calvin s Geneva to east: cf. Lenin s Moscow = exports revolution August 24, 1572: St. Bartholomew s Day Massacre: Ordered? Or strongly suggested? By Catherine di Medici Queen Mother / regent Three neurotic sons Struggle between these three sons mixed up in Reformation 7

St. Bartholomew s Day Massacre (1572) at Louvre Palace, Paris Coligny --- Calvinist advisor to weak king --- tossed out Louvre window 8

1589: Henry of Navarre becomes Henri IV No blood relatives left Civil War continues 1593: Henri IV decides that Paris is worth a Mass. Abjures Protestantism and becomes Catholic Henri IV: Pont Neuf (Paris) 1598 -- Henri IV: EDICT OF NANTES 1) Establishes Catholicism official religion of France 2) Protestantism tolerated in certain areas (200 cities held by Hugenots, especially La Rochelle) 9

Henri IV assassinated 1610 by Catholic partisan THREE MUSICAL PIECES 10

Calvinist Penitential Hymn http://www.bc.edu/bc_org/avp/cas/his/schloesser/hs041-042/fall/w04/music/files.html William Byrd, Ave Verum http://www.bc.edu/bc_org/avp/cas/his/schloesser/hs041-042/fall/w06/music/files.html 11

Janequin, War http://www.bc.edu/bc_org/avp/cas/his/schloesser/hs041-042/fall/w07/music/files.html http://www.youtube.com/watch?v=ucyeml3v0gw 12

Reformation Stage III: From civil wars to world war 1618-1648 1618-1648: Thirty Years War Dutch Republic = Calvinist Sweden = Lutheran Hapsburgs = Catholic [blue] Imperial Kaiser Austria Spain Sp. Netherlands France = Catholic Who gets ports/ trade? NB: Richelieu secretly funds the Dutch Protestants against Spaniards. Not simple confessional divides 13

1648: PEACE OF WESTPHALIA Holy Roman Empire ended in all but name End of multi-cultural empire idea / beginning of int l states idea: principle of state sovereignty: non-interference state = monopolization of the means of violence Shift from 1500s 1600s 1348-1648: Renaissance fluidity Post-1648: Rationalism / Absolutism SKEPTICISM VARIETY LOCAL/PARTICULAR TIME-BOUND CERTAINTY UNIFORMITY UNIVERSAL TIMELESS MIXTURE PURITY Mary Douglas: There is energy in margins and unstructured areas purity is the enemy of change, of ambiguity of compromise Holiness requires that things shall not be confused. Mixture = perversion. 14

Shift from 1945 21 st century? (i.e., post-1914-1945 thirty years war) Colonial modernity Postcolonial post-modernity CERTAINTY UNIFORMITY UNIVERSAL TIMELESS SKEPTICISM VARIETY LOCAL/PARTICULAR TIME-BOUND PURITY MIXTURE 15

Is post-modernity necessarily nihilistic? SKEPTICISM VARIETY LOCAL/PARTICULAR TIME-BOUND MIXTURE Nihilistic??? Pre-modernity // Post-modernity SKEPTICISM VARIETY LOCAL/PARTICULAR TIME-BOUND MIXTURE 16

INVENTING CAPITALISM ABSOLUTELY KEY IDEA: I. Re-Investing the World With Value Work is GOOD! NB: This is a total INVERSION of old values!! Calvin 17

Old Values: Profit, risk, greed are BAD! Greed is a cardinal SIN! Work is punishment for Adam s Original Sin Has power has power powerless REVIEW: Calvin s contribution GOOD WORK IS A SIGN OF ELECTION Ill works are a sign of damnation Fundamental shift from Luther: The Xtn will do good works, but apparently good works can be carried out by a non-believer. Calvin: Good works are testimonies of God dwelling in us. GOOD WORKS A REMEDY FOR ANXIETY! I know I m chosen if I do good works Good works strengthen assurance in the believer that s/he is saved No need for FAITH ALONE 18

Rembrandt: portraits = VOCATIONS REVIEW: The Lord fits each one of us to look for our VOCATION [ calling ] a subjective and individual place in the world God appoints duties to every person so that he may not needlessly wander about in life. All actions are judged in God s sight by one s vocation. Calvin: Work is GOOD. It (our vocation) is a sign of our election 19

New Value: Work is Good. RISK is Good. Success is a sign of our election. II. From LABOR [Work] to PROPERTY 20

Re-investing the world with meaning Virtues: THRIFT, saving, parsimony -- Important to keep wants low [creates capital] BUT HOW CAN YOU JUSTIFY CAPITAL as PRIVATE PROPERTY? John Locke: Two Treatises on Government (1690) 26. Though the earth and all inferior creatures be common to all men, yet every man has a "property" in his own "person." This nobody has any right to but himself. The "labour" of his body and the "work" of his hands, we may say, are properly his. Whatsoever, then, he removes out of the state that Nature hath provided and left it in, he hath mixed his labour with it, and joined to it something that is his own, and thereby makes it his property. It being by him removed from the common state Nature placed it in, it hath by this labour something annexed to it that excludes the common right of other men. For this "labour" being the unquestionable property of the labourer, no man but he can have a right to what that is once joined to, at least where there is enough, and as good left in common for others. 31. But the chief matter of property being now not the fruits of the earth and the beasts that subsist on it, but the earth itself, as that which takes in and carries with it all the rest, I think it is plain that property in that too is acquired as the former. As much land as a man tills, plants, improves, cultivates, and can use the product of, so much is his property. He by his labour does, as it were, enclose it from the common. Nor will it invalidate his right to say everybody else has an equal title to it, and therefore he cannot appropriate, he cannot enclose, without the consent of all his fellow-commoners, all mankind. God, when He gave the world in common to all mankind, commanded man also to labour, and the penury of his condition required it of him. God and his reason commanded him to subdue the earth- i.e., improve it for the benefit of life and therein lay out something upon it that was his own, his labour. He that, in obedience to this command of God, subdued, tilled, and sowed any part of it, thereby annexed to it something that was his property, which another had no title to, nor could without injury take from him. For Locke, the job of government is to PROTECT this property. 21

ARGUMENT: How can you justify private property? 1. State of Nature: God gives us everything in common 2. Yet: I have my own person --- cf. Descartes: I am sure of I 3. The labor of my person is mine 4. When I put labor into something, I take it out of the State of Nature 5. I can keep as much as I can use without spoiling FROM LAND TO CAPITAL: WHAT DOESN T SPOIL? = CAPITAL Old view: capital is not fecund --- it s a fungible --- it does not reproduce naturally [note natural law: sexual reproduction metaphor] Gold, silver, money have the value that is the tacit agreement of men ; note how many times Locke uses the word CONSENT NB: Nominalist turn: money/gold/silver have no value in themselves; rather, they have the value [name] agreed upon by tacit consent 22

But how do we acquire private property? Meaning, you can loan money to non-christians, but not to Christians. But Jews can loan money to Christians. Anti-Semitism: Recall Cantor - blame Jews for the Plague Project anxieties (Cf: Douglas - purity; Spain 1492) 23

Hitler, Mein Kampf --- uses obviously medieval metaphors:: Jews as bankers and usurers Shylock provides the bond [guarantee] for the ships at sea --- but loans at interest [a pound of flesh] 24

Medieval invention of Purgatory --- an escape-valve --- usurers don t necessarily have to go to Hell forever can pay off their mortal sins in Purgatory and others can mediate for them by indulgences and masses John Calvin: legitimate interest = 4.5% First papal encyclical -- 1730s: Maybe Catholics can loan money, too. How about at 4.5% NB: It was a sin; now it is ok. 25