The medieval church forbade usury and claimed that usurers went to hell. However, as the feudal system of the Middle Ages declined and merchants emerged as an emerging power, usury businesses amassed enormous wealth. Usurers donated their corrupt wealth to monasteries, and when they died, they could be buried there. It was a bonus that the donor usurer could receive the sacrament of confession shortly before death. Fear of the afterlife caused poor churches to accumulate wealth, used to decorate walls or build larger, more elaborate structures, leading to the Renaissance era. The unjust usury business sparked a literary and artistic revival. Let go of the illusion that only good things can change the world for the better or the right. The innocence of ignorance about how the world works makes it easier to accept sin and corrupts the world into evil. - Joseph’s “just my thoughts”
One reason for the Dutch’s wealth was the strong trust between the merchants and sailors responsible for trade. Captain Willem Barentsz failed in 1596 while attempting to open a northeast route to the Far East via Novaya Zemlya in the Arctic Ocean. An accident occurred in which 8 out of 18 sailors died after being trapped in glaciers at temperatures of -40 degrees for 8 months, marking a setback for the development of a new maritime route. However, the captain and crew did not disturb the cargo, and on June 13, 1597, they split into two small ships and escaped the glacier. Fifty days later, they were rescued by a Russian merchant ship. Captain Barentsz died on the journey home, but the crew returned the consigned cargo to its owners intact after getting home. Trust means taking your life as collateral. Business is built on this trust. - Joseph’s “just my thoughts”