The Sunday Vicarage Circle: A Chesterton Circle of Blame. Circular Story experiment no 8
A satirical tale in the style of Tom Sharpe, examining how different groups blame each other for economic problems while the real beneficiaries remain hidden
This instant Premiere will play at 8.45 am Swedish Time.
God Bless.
The Sunday Vicarage Circle: A Chesterton Circle of Blame
A satirical tale in the style of Tom Sharpe, examining how different groups blame each other for economic problems while the real beneficiaries remain hidden
Sunday Morning: Father Brown's Sermon
The bells of St. Mary's had barely finished their melodious complaint when Father Brown stepped into the pulpit, his round face bearing that peculiar expression of gentle bewilderment that masked considerable insight.
"My dear parishioners," he began, adjusting his spectacles, "today I wish to speak about what I call the Circle of Blame - that curious dance we perform when confronted with the mysteries of our economic condition."
The congregation settled into their pews with the resigned patience of those about to receive wisdom they weren't entirely sure they wanted.
The Circle Begins to Turn
"Consider," Father Brown continued, "how each group in our society points an accusing finger at another, like children caught in some grand mischief, each claiming innocence while pointing elsewhere."
The Farmers blame The Bankers: "These money-lenders strangle us with their interest rates! How can we plant when gold costs more than grain?"
The Bankers blame The Politicians: "We merely follow the regulations imposed upon us! Blame those who set the rules of this game!"
The Politicians blame The Voters: "We give the people what they demand - low taxes and high benefits! Mathematics cannot satisfy such contradictions!"
The Voters blame The Press: "How can we choose wisely when fed only sensation and scandal?"
The Press blame The Advertisers: "We print what sells papers! Blame those who pay our bills!"
The Advertisers blame The Consumers: "We merely respond to market desires! People want what they want!"
The Consumers blame The System: "Everything is rigged against the common man!"
And The System - that great abstraction - blames Human Nature: "People are naturally greedy and short-sighted. What else can one expect?"
Sunday Afternoon: The Public House Dialogue
After the service, the congregation retired to The Lamb and Flag, where Father Brown found himself in conversation with some rather unexpected guests who had materialized for the occasion.
Maimonides stroked his beard thoughtfully. "The perplexed seek simple answers to complex questions, Father. Yet observe how each group speaks truth about symptoms while missing the disease itself."
Pelagius leaned forward with bright conviction. "Each blames the other for choices freely made. But where is the acknowledgment of individual moral responsibility within these systemic constraints?"
Rumi laughed, his eyes twinkling. "The Beloved sees through all these veils! The usurer and the usured are one in the mirror of divine justice. Look beyond the forms!"
William Blake spoke with prophetic fire: "I see the marriage of Heaven and Hell in your economics! The lamb and the tiger both serve the divine purpose, but which serves Mammon?"
Alexander Del Mar consulted his ledgers. "Gentlemen, the science of money reveals that monetary manipulation has been the hidden hand behind every crisis for centuries."
Ezra Pound added reluctantly: "The ABC of economics is simple: usury corrupts everything it touches. But who profits from this corruption?"
Sunday Evening: The Vicarage Tea
As evening fell, the assembled company gathered in Father Brown's modest parlor for tea and further discussion. Mrs. McCarthy had outdone herself with a traditional Sunday roast, and now served tea with her usual efficiency.
"The fascinating thing," Father Brown observed, stirring his tea, "is how perfectly this Circle of Blame functions. Each group's complaint against the others is substantially correct."
G.K. Chesterton suddenly materialized in the corner armchair (it was his essay being discussed, after all). "Precisely, Father! The key fact in the new development of plutocracy is that it will use its own blunder as an excuse for further crimes. The very completeness of the impoverishment becomes the reason for enslavement."
The Hidden Beneficiaries Revealed
"But who," asked Father Brown quietly, "benefits from this circular firing squad?"
The room fell silent as the realization dawned like a cold sunrise.
The Usurers - those who create money as debt and collect interest upon it - benefit from every aspect of the Circle of Blame. When farmers borrow, they profit. When banks need bailouts, they profit. When governments issue bonds, they profit. When consumers use credit, they profit. When corporations financialize, they profit.
The Circle of Blame serves to obscure this fundamental reality: that a system based on interest-bearing debt mathematically requires exponential growth to service compound interest, making periodic crises inevitable.
The Four Voices of Wisdom
As the evening deepened, four distinct perspectives emerged from the discussion:
Maimonides offered the philosophical view: "The Guide for the Perplexed teaches us that apparent contradictions often point to deeper truths. Your Circle of Blame is not a malfunction - it IS the system. It functions perfectly to prevent examination of foundational assumptions about money creation."
Pelagius provided the moral perspective: "Free will exists within constraints. Each participant in this circle chooses their response, yet the system itself constrains those choices. The question is whether we will choose to see beyond the circle."
Rumi danced with mystical insight: "All separation is illusion! The creditor and debtor are one soul looking in a mirror. When the heart awakens, the circle dissolves into laughter."
William Blake thundered prophetically: "I see the dark Satanic mills of financial abstraction grinding the faces of the poor! But I also see Jerusalem being built in England's green and pleasant land, when usury is cast out!"
Father Brown's Resolution
"My dear friends," Father Brown concluded, "the mystery is solved not by finding the guilty party, but by recognizing that the crime itself is the misdirection. While everyone argues about symptoms, the disease thrives in darkness."
He paused to sip his tea. "The Circle of Blame is perfect theater - a grand performance that keeps all the actors so busy playing their roles that none notice the director counting profits in the wings."
The Deeper Mystery
"But here," Father Brown continued with a gentle smile, "we encounter the deeper mystery. For even the usurers are trapped within their own creation. They have built a system that must grow exponentially or collapse, and exponential growth on a finite planet is impossible. They are prisoners of their own design."
Chesterton nodded approvingly. "The plutocrats have created their own Utopia of Usurers, but like all utopias, it contains the seeds of its own destruction."
Epilogue: The Continuing Circle
As the evening ended and the mysterious guests faded back into the realm of ideas from whence they came, Father Brown reflected on the day's discussions. The Circle of Blame would continue to spin, he knew, serving its true purpose: ensuring that fundamental questions about the nature of money, debt, and interest remained safely outside the bounds of polite conversation.
But perhaps, he thought, lighting his pipe in the gathering dusk, a few souls might step outside the circle entirely and ask the truly dangerous question: What if money need not be created as debt at all?
The answer to that question, he mused, would indeed be revolutionary.
The Moral of the Tale: The Circle of Blame functions as a perfect system of misdirection, allowing the fundamental beneficiaries of systemic usury to remain invisible while everyone else argues about secondary effects. As Chesterton observed, the plutocracy uses its own failures as justification for further control, while the real crime - the creation of money as interest-bearing debt - continues unchallenged.
The solution lies not in winning the blame game, but in stepping outside the circle entirely to examine the monetary system itself. For as Father Brown might say, the greatest mysteries are often hidden in plain sight, and the most obvious questions are the ones no one thinks to ask.
The Vicarage Circle
In the style of G.K. Chesterton
Father Brown stirred his tea, peering over the rim of his spectacles at the unlikely assembly in his vicarage: Maimonides with his furrowed brow, Pelagius tapping restless fingers, Rumi’s eyes half-closed in contemplation, and William Blake sketching furious angels on the vicarage wallpaper. Ezra Pound clutched The ABC of Economics, while Alexander Del Mar brandished The Science of Money like a shield. At the center lay Chesterton’s Utopia of Usurers, its pages splayed like a wounded bird.
The Blame Begins
Pelagius spoke first, jabbing a finger at Blake’s smudged sketch of a factory-chained seraph:
"Man’s fall is his own doing! Free will demands responsibility—not this usury that cages souls in debt. Chesterton saw it: capitalism atomizes men into lonely specks!"
Maimonides countered, smoothing his beard:
"Nonsense! Divine law forbids exploitation. Yet your free will ignores structural sin. The Circle of Blame starts when the poor blame the rich, the rich blame the state, and the state blames human nature—all while usurers profit!" 12
Ezra Pound slammed his book:
"Del Mar’s Roman moneys prove it: Debasement is tyranny’s tool. But you theologians miss the root! It’s not free will or fate—it’s the system! Chesterton knew: ‘Too much capitalism means too few capitalists’!" 34
Rumi sighed, swirling his tea:
"This blame is a whirlpool. You point to symptoms—debt, inequality. But the disease is disconnection from the divine. Usury feeds on the illusion that wealth is real, not pearls cast to weeds."
The Garden Paradox
William Blake interrupted, stabbing his charcoal at the window:
"Look! The garden high above casts pearls to our weeds. Chesterton’s ‘plutocratic appeal to science’—eugenics, efficiency—is the new serpent. They call greed progress while breaking families!" 15
Alexander Del Mar nodded grimly:
"Roman emperors did the same. When Tiberius drained the treasury, he blamed foreigners. Now central bankers blame ‘market forces’ while creating scarcity. The Circle spins, but the gold always sticks to their fingers."
Father Brown set down his cup with a clink:
"Gentlemen, you’ve all diagnosed the plague but missed the vector. Pelagius blames weakness, Maimonides blames lawlessness, Pound blames systems, Rumi blames spiritlessness, Blake blames modernity. Yet Chesterton’s essay reveals the true beneficiary: the usurer who profits when we fight each other."
He opened Utopia of Usurers to a dog-eared page:
"‘The plutocratic appeal to science... is the new superstition.’ While you debate who broke the vase, the man who sold you glue grows rich." 14
The Unmasking
A silence fell. Outside, the vicarage garden glowed—pearls of dew on thistles, roses choked by bindweed.
Pound muttered:
"Del Mar’s history shows: usurers manufacture crises. They lend in boom, foreclose in bust, then blame ‘human nature’."
Blake added softly:
"And my ‘Jerusalem’ is paved with their receipts. They’ve made money a god—worshipped by atheist and zealot alike."
Father Brown stood, gathering the books:
"Precisely. The Circle of Blame is the usurer’s finest trick. The socialist blames the capitalist, the capitalist blames the regulator, the regulator blames the people—all while the money-lender laughs. Chesterton’s warning? Break the circle by seeing the strings."
He placed Chesterton’s book in the center:
"The solution isn’t in blame, but in Chesterton’s Distributism: ownership for all, families rooted in land, money as a tool—not a master. Otherwise, we’re Manuel crying ‘¿Qué?’ while the estate burns."
Why the Blame Circle Endures
BlamerTarget of BlameActual BeneficiarySocialistsCapitalistsBankersCapitalistsRegulatorsSpeculatorsMoralistsHuman WeaknessLoan SharksTechnocrats"Inefficiency"Monopolists
"The usurer’s greatest triumph? Convincing the world that debt is destiny, and blame its own."
—Father Brown, probably
Epilogue
As twilight fell, Rumi whispered:
"The garden’s pearls are for weeds. But weeds become roses when uprooted from usury’s shadow."
And Blake sketched a final angel—hammer in hand, shattering a banker’s scales.
"Man’s status is better and higher for the very reason for which it is thought to be inferior"
Satire VI: The Decay of Feminine Virtue[edit]
The Manifesto of the Trilateral World Fascist Party.
There is a March 2024 Obituary with the same name as Michael, as his work is pretty much in the room 101 section of the panopticon jailer bot in the custody of Winston Smith it is not possible to triangulate whether or not this important researcher and defender of Liberty has in fact passed away, without fanfare,
QED Post Climate Change, Land Use and Monetary Policy, The New Trifecta.
Doubling Back I often find it somewhat more productive than doubling down.
Annotated Index of References for G.K. Chesterton's Father Brown and Utopia of Usurers
Father Brown (Wikipedia)
https://en.wikipedia.org/wiki/Father_Brown
Overview of the character’s origins, methods, and theological influences. Highlights his intuitive, psychological crime-solving approach rooted in Catholic thought and his rejection of supernatural explanations in favor of rational, moral analysis. Essential for understanding Chesterton’s critique of modernity through detective fiction.Detective Fiction Reinvention in G.K. Chesterton (Academic Paper)
https://digitalcommons.liberty.edu/cgi/viewcontent.cgi?article=1351&context=masters
Analyzes how Chesterton subverts detective genre tropes to explore philosophical and theological themes. Emphasizes Father Brown’s use of intuition and "bad theology" as a tool for detection, contrasting with Sherlock Holmes’ empiricism. Crucial for examining Chesterton’s integration of distributist and Catholic ideals.Analysis of G.K. Chesterton’s Stories (Literariness.org)
https://literariness.org/2020/04/17/analysis-of-g-k-chestertons-stories/
Breaks down Father Brown’s methodology, particularly "thinking the thoughts" of criminals to understand motives. Explores Chesterton’s suspicion of flawed reasoning and insincere religiosity as markers of guilt. Key for interpreting moral paradoxes in Utopia of Usurers.The Brilliance of Father Brown (Blog Analysis)
https://iamcharlesbakerharris.wordpress.com/2022/02/21/the-brilliance-of-father-brown/
Discusses themes of free will, redemption, and human dignity in Chesterton’s work. Contrasts Catholic doctrine with Calvinist determinism, noting that murder is portrayed as a conscious choice rather than predestined evil. Vital for understanding Chesterton’s critique of usury as a moral failing.Lecture 52: The Secret of Father Brown (Chesterton Society)
https://www.chesterton.org/lecture-52/
Examines the real-life inspiration for Father Brown (Fr. John O’Connor) and the role of confession in understanding human sin. Argues that priests, through hearing confessions, gain unique insight into human darkness—a theme mirrored in Chesterton’s economic critiques in Utopia of Usurers.
Key Themes from References
Methodology: Father Brown’s "imaginative empathy" and focus on moral flaws over forensics.
Theology vs. Usury: Chesterton links capitalist exploitation to spiritual decay, condemning usury as a corruption of natural order.
Redemption: Human choices (not fate) drive evil; redemption is a process, not a single event.
Distributism: Chesterton’s solution to usury—decentralized ownership, rootedness in land, and money as a tool.
"The plutocratic appeal to science... is the new superstition."
—G.K. Chesterton, Utopia of Usurers
Index of References with Annotations and Further Reading Recommendations
1. Alexander Del Mar's Works
Source: Del Mar, Alexander. History of Money in Ancient Times.
Key Themes:
Evolution of monetary systems across ancient civilizations (Japan, China, India, Rome).
Critique of fiat currency and paper money as tools for wealth redistribution from producers to non-producers.
Quote: "Property passes insensibly from its rightful owners to classes who never earned it."
Further Reading:
The Roman and Moslem Moneys (Del Mar) for case studies on currency debasement.
Money and Civilization (Del Mar) expands on the societal impact of monetary policy.
Source: Del Mar, Alexander. The Science of Money (1885, rev. 1904).
Key Themes:
Monetary theory as a scientific discipline, rejecting "metallism" (gold/silver backing).
Analysis of interest rates, profit cycles, and the role of state authority in currency stability.
Methodology: Blends historical analysis with economic theory, emphasizing state control over money supply.
Further Reading:
The Science of Money (1904 ed.) for Del Mar’s critique of laissez-faire banking.
Irving Fisher’s The Purchasing Power of Money (1911) for complementary quantitative approaches.
2. Scholarly Analysis of Del Mar
Source: Tavlas, George S. "Alexander Del Mar, Irving Fisher, and Monetary Economics" (JSTOR, 1985).
Key Themes:
Del Mar’s influence on Fisher’s monetary theories, especially the "equation of exchange."
Debate on whether money is a "creature of law" (Del Mar) vs. a market commodity.
Further Reading:
Fisher’s The Money Illusion (1928) for practical applications of Del Mar’s theories.
Schumpeter’s History of Economic Analysis for context on Del Mar’s heterodoxy.
3. Complementary Themes in Input
G.K. Chesterton’s Utopia of Usurers:
Key Themes: Critique of plutocracy, pseudo-scientific justifications for inequality, and the "plutocratic appeal to science" (e.g., eugenics).
Further Reading:
What’s Wrong with the World (Chesterton) for his Distributist economic vision.
Hilaire Belloc’s The Servile State for parallel critiques of capitalism.
Ezra Pound’s Economic Views:
Key Themes: Opposition to usury, advocacy for social credit, and Chinese monetary history (via Confucius translations).
Further Reading:
Pound’s ABC of Economics (1933) for his populist economic theories.
Eustace Mullins’ The Secrets of the Federal Reserve (influenced by Pound).
William Blake’s Symbolism:
Key Themes: "The garden high above casts pearls to our weeds" as a metaphor for wasted abundance under industrialism.
Further Reading:
Jerusalem: The Emanation of the Giant Albion (Blake) for his critique of "dark Satanic mills."
E.P. Thompson’s Witness Against the Beast on Blake’s radical economics.
4. Underdeveloped Themes in Input (Recommended Exploration)
Monetary History of the Roman Empire:
Del Mar’s analysis of currency debasement under Tiberius.
Further Reading:
The Monetary Systems of the Greeks and Romans (W.V. Harris) for archaeological perspectives.
David Graeber’s Debt: The First 5,000 Years on ancient debt cycles.
Islamic Economics & Rumi’s Sufism:
Rumi’s critique of materialism ("wealth as illusion").
Further Reading:
Islamic Economics: Theory and Practice (M. Umer Chapra) on interest-free finance.
Rumi’s Masnavi (Book II) for allegories on greed.
Technocracy vs. Distributism:
Chesterton’s alternative to capitalism (small-scale ownership).
Further Reading:
Outline of Sanity (Chesterton) for practical Distributist policies.
Thorstein Veblen’s The Engineers and the Price System for technocratic critiques.
Key Takeaways for the Circle of Blame Story
Usurers as Beneficiaries: All debates (free will vs. structure, metalism vs. fiat) distract from the financial elite profiting from monetary instability.
Chesterton’s Warning: "Plutocratic appeal to science" (e.g., eugenics, "market forces") masks exploitation.
Del Mar’s Insight: Money is a "creature of law," not a natural commodity—states must regulate it for justice.
"The Circle of Blame is the usurer’s finest trick. Break it by seeing the strings."
—Father Brown, synthesizing Chesterton and Del Mar.
Complete Index and Analysis: The Circle of Blame in Chesterton's Economic Thought
Primary Sources and Complete Index
G.K. Chesterton's Utopia of Usurers and Other Essays
Complete Essay Collection 1:
A Song of Swords - Irish resistance and economic nationalism
Utopia of Usurers - Core critique of plutocratic capitalism
The Escape - Individual vs. systemic solutions
The New Raid - Modern forms of economic conquest
The New Name - How language obscures economic reality
A Workman's History of England - Class perspective on economics
The French Revolution and the Irish - Revolutionary economics
Liberalism: A Sample - Critique of laissez-faire ideology
The Fatigue of Fleet Street - Media complicity in economic systems
The Amnesty for Aggression - How capitalism forgives its own crimes
Revive the Court Jester - Need for economic truth-telling
The Art of Missing the Point - Deliberate misdirection in economic debate
The Servile State Again - Warning against corporate feudalism
The Empire of the Ignorant - How economic illiteracy serves power
The Symbolism of Krupp - Military-industrial complex
The Tower of Bebel - Socialist responses to capitalism
A Real Danger - Genuine threats vs. manufactured fears
The Dregs of Puritanism - Cultural foundations of capitalism
The Tyranny of Bad Journalism - Media's role in economic deception
The Poetry of the Revolution - Aesthetic dimensions of economic change
Alexander Del Mar's Monetary Works
The Science of Money (1896) - Del Mar's systematic critique of metallism and advocacy for state-controlled currency as scientific principle rather than market commodity 2
Roman and Moslem Moneys - Historical documentation of how monetary manipulation serves ruling classes across civilizations 2
Ezra Pound's Square Dollar Series
Complete Recommended Reading List from Pound's educational program:
Agassiz: Gists from Agassiz (anti-Darwinian science)
Del Mar: Roman and Moslem Moneys & History of Monetary Crimes
Benton: Bank of the United States (hard money advocacy)
Confucius: Unwobbling Pivot & Great Digest (Pound translations)
Fenollosa/Pound: Chinese Written Character as Medium for Poetry
Mullins: Secrets of the Federal Reserve
Bunting: Poems 1950 3
The Circle of Blame: Complete Analysis
Chesterton's Central Insight
The Plutocratic Method: "The key fact in the new development of plutocracy is that it will use its own blunder as an excuse for further crimes. Everywhere the very completeness of the impoverishment will be made a reason for the enslavement; though the men who impoverished were the same who enslaved" 1
The Blame Participants and Their Targets
Farmers → Blame bankers for high interest rates and foreclosures Bankers → Blame politicians for regulations and "interference" Politicians → Blame voters for "unrealistic expectations" Voters → Blame the press for misinformation Press → Blame advertisers for commercial pressure Advertisers → Blame consumers for materialistic demands Consumers → Blame "the system" for limited choices "The System" → Blames "human nature" and "market forces"
The Hidden Beneficiary: The Usurer Class
Chesterton identifies the true profiteers: "The plutocratic appeal to science, or, rather, to the pseudo-science that they call Eugenics" - those who use scientific language to justify economic exploitation 1
Four Key Dialogue Participants for the Circle of Blame Problem
1. Maimonides (1135-1204) - The Structured Moralist
Position: Divine law provides clear economic ethics
Blame Target: Lawlessness and abandonment of traditional restrictions on usury
Quote: "The greatest form of charity is enabling someone to become self-sufficient"
2. Pelagius (c. 390-418) - The Free Will Advocate
Position: Individual moral choice can overcome systemic corruption
Blame Target: Personal weakness and failure to exercise moral responsibility
Quote: "Man's status is better and higher for the very reason for which it is thought to be inferior"
3. Rumi (1207-1273) - The Spiritual Economist
Position: Material obsession creates the conditions for exploitation
Blame Target: Spiritual disconnection that makes people vulnerable to usury
Quote: "The garden high above there, casts its pearls to our weeds"
4. William Blake (1757-1827) - The Prophetic Critic
Position: Industrial capitalism destroys human creativity and community
Blame Target: "Dark Satanic Mills" and mechanistic thinking
Quote: "I will not cease from mental fight, nor shall my sword sleep in my hand"
Complete Thematic Analysis
Economic Themes in Chesterton's Work
Distributism vs. Capitalism: Chesterton advocates for widespread property ownership rather than concentration of capital 4
The Family Under Siege: "Capitalism is at war with the family" - economic systems that atomize individuals serve plutocratic control 1
Pseudo-Scientific Justification: The use of "scientific" language (eugenics, social Darwinism, market efficiency) to justify exploitation 1
Del Mar's Monetary Science
Value as Numerical Relation: "VALUE IS A NUMERICAL RELATION" - money as measurement tool rather than commodity with intrinsic worth 2
State Authority: Currency must be controlled by legitimate government rather than private interests to serve public good 2
Pound's Cultural Economics
Usury as Cultural Destroyer: Interest-bearing debt corrupts not just economics but art, literature, and social relationships 3
Chinese Wisdom: Confucian emphasis on social harmony and proper relationships as economic foundation 3
Further Reading Recommendations by Theme
On the Circle of Blame Mechanism
Carroll Quigley: Tragedy and Hope (1966) - How financial elites manipulate political conflicts
Antony Sutton: Wall Street and the Bolshevik Revolution (1974) - Financing both sides of conflicts
Michael Hudson: Super Imperialism (2003) - Modern financial imperialism
On Distributist Economics
Hilaire Belloc: The Servile State (1912) - Companion to Chesterton's economic thought
E.F. Schumacher: Small Is Beautiful (1973) - Modern distributist principles
John Médaille: The Vocation of Business (2007) - Contemporary distributist theory
On Monetary Reform
Frederick Soddy: Wealth, Virtual Wealth and Debt (1926) - Scientific approach to money
Irving Fisher: 100% Money (1935) - Banking reform proposals
Richard Werner: Princes of the Yen (2003) - Central banking and economic control
On Spiritual Economics
R.H. Tawney: Religion and the Rise of Capitalism (1926) - Weber thesis critique
Jacques Maritain: Freedom in the Modern World (1936) - Thomistic economics
Dorothy Day: The Long Loneliness (1952) - Catholic Worker economics
The Solution: Breaking the Circle
Chesterton's Prescription
Distributism: "Too much capitalism does not mean too many capitalists, but too few capitalists" - widespread ownership breaks the blame cycle 1
Father Brown's Insight
The detective's method applies to economics: look for who benefits from the confusion, not who appears to be fighting 4
The Garden Metaphor Resolved
"The garden high above there, casts its pearls to our weeds" - abundance exists, but the distribution system (usury) ensures artificial scarcity while enriching intermediaries 3
Final Wisdom: The Circle of Blame ends when people stop arguing about symptoms and address the root: who controls money creation and why they benefit from keeping everyone else fighting over scraps.
1: Project Gutenberg, "Utopia of Usurers and Other Essays by G.K. Chesterton" 2: Archive.org, "Alexander Del Mar - The Science of Money and Roman Moneys"
3: Ezra Pound Square Dollar Series and ABC of Economics 4: Chesterton Society, "Utopia of Usurers" modern analysis and commentary.
Claude 4 Sonnet
Index of References with Annotations and Further Reading Recommendations
Primary Sources from the Input
1. G.K. Chesterton - "Utopia of Usurers and Other Essays" (1917)
Source: Project Gutenberg edition accessed from https://www.gutenberg.org/files/2134/2134-h/2134-h.htm
Key Essays Referenced:
"Utopia of Usurers" - Core critique of plutocracy
"The New Raid" - On economic exploitation
"The Servile State Again" - Response to Hilaire Belloc
"The Tyranny of Bad Journalism" - Media manipulation
"The Art of Missing the Point" - Intellectual misdirection
Central Themes:
The "plutocratic appeal to science" (pseudo-scientific justifications like eugenics)
Capitalism's destruction of family and community bonds
The circle of blame that obscures real power structures
Key quote: "The key fact in the new development of plutocracy is that it will use its own blunder as an excuse for further crimes"
Further Reading:
What's Wrong with the World (Chesterton, 1910) - Foundational Distributist text
The Outline of Sanity (Chesterton, 1926) - Practical Distributist economics
Hilaire Belloc's The Servile State (1912) - Complementary critique of capitalism
2. Alexander Del Mar - Monetary Works
Sources Referenced:
The Science of Money (1896) - Available at Archive.org
Roman and Moslem Moneys - Referenced in Ezra Pound's Square Dollar Series
A History of Monetary Crimes - On 19th-century deflations
Key Themes:
Money as a "creature of law" rather than natural commodity
Currency manipulation as a tool of wealth transfer
Historical analysis of monetary debasement
Quote: "Value is a numerical relation"
Further Reading:
The History of Money in America (Del Mar, 1899)
Money and Civilization (Del Mar, 1886)
Modern analysis: George Tavlas, "Alexander Del Mar, Irving Fisher, and Monetary Economics" (JSTOR)
3. Ezra Pound - Economic Writings
Sources:
ABC of Economics (1933) - Referenced multiple times
Square Dollar Series publications
Translations of Confucius (The Unwobbling Pivot, The Great Digest)
Key Themes:
Opposition to usury as central economic evil
Social Credit theory influence
Chinese monetary wisdom via Confucian texts
Connection between fascism and monetary reform
Further Reading:
Social Credit: An Impact (Pound, 1935)
Jefferson and/or Mussolini (Pound, 1936)
C.H. Douglas's Social Credit (1924) - Pound's economic inspiration
4. Thomas Hart Benton - "Old Bullion"
Source: Wikipedia entry and historical references
Key Themes:
Opposition to paper money and banking cartels
Advocacy for "hard money" (gold/silver specie)
The Specie Circular of 1836
Jacksonian democracy vs. financial elites
Further Reading:
Benton's Thirty Years' View (1854-1856) - His political memoirs
Arthur Schlesinger Jr.'s The Age of Jackson - Context on banking wars
William Gouge's A Short History of Paper Money and Banking (1833)
5. Philosophical and Religious Figures
Maimonides (1135-1204)
Theme: Rational approach to apparent contradictions in economic systems Further Reading:
The Guide for the Perplexed - On reconciling reason and faith
Mishneh Torah - Jewish law including economic ethics
Pelagius (c. 390-418)
Theme: Free will and moral responsibility in economic choices Quote: "Man's status is better and higher for the very reason for which it is thought to be inferior" Further Reading:
B.R. Rees, Pelagius: Life and Letters (1998)
Augustine's Anti-Pelagian Writings - The opposing view
Rumi (1207-1273)
Theme: Spiritual critique of materialism and usury Further Reading:
The Masnavi - Especially Book II on greed and spiritual wealth
The Essential Rumi (Coleman Barks translation)
William Blake (1757-1827)
Themes: Industrial capitalism as "dark Satanic mills" Key Works Referenced:
"Jerusalem: The Emanation of the Giant Albion"
"The Everlasting Gospel" - On different visions of Christ Further Reading:
E.P. Thompson's Witness Against the Beast - Blake's radical politics
The Marriage of Heaven and Hell - Economic and spiritual critique
Secondary Themes and Suggested Reading
1. Monetary History and Theory
Recommended Authors:
Carroll Quigley, Tragedy and Hope - Elite financial networks
Murray Rothbard, The Mystery of Banking - Austrian school perspective
David Graeber, Debt: The First 5,000 Years - Anthropological approach
2. Distributism and Alternative Economics
Key Texts:
Dorothy Day and Peter Maurin, The Catholic Worker Movement
E.F. Schumacher, Small Is Beautiful - Appropriate technology
Wendell Berry, What Are People For? - Agrarian economics
3. Critiques of Financial Capitalism
Modern Analysis:
Michael Hudson, Super Imperialism - Dollar hegemony
Ellen Brown, Web of Debt - Monetary reform proposals
Richard Werner, Princes of the Yen - Central banking power
4. Historical Context
19th Century Financial Crises:
Charles Kindleberger, Manias, Panics, and Crashes
Ron Chernow, The House of Morgan - Banking dynasty history
Matthew Josephson, The Robber Barons - Gilded Age plutocracy
Themes Present but Underdeveloped in Input
1. The Circle of Blame Mechanism
Concept: How different groups blame each other while beneficiaries remain hidden Suggested Reading:
Edward Bernays, Propaganda - Manufacturing consent
Walter Lippmann, Public Opinion - Media manipulation
Noam Chomsky, Manufacturing Consent - Modern media analysis
2. Usury and Religious Tradition
Cross-Cultural Analysis:
Islamic banking principles (Sharia-compliant finance)
Catholic social teaching on economics
Jewish perspectives on interest and lending
3. Energy Economics and Monetary Policy
Modern Connections:
Petrodollar system and energy-backed currencies
Carbon credits as new form of monetary control
Resource-based economics vs. financial abstraction
Conclusion: The Vicarage Circle's Deeper Meaning
The "Circle of Blame" story format reveals how intellectual and moral debates often serve to obscure rather than illuminate the fundamental power structures that Chesterton, Del Mar, and Pound all identified: the concentration of monetary control in the hands of a financial elite who profit from confusion, conflict, and crisis.
Essential Reading for Understanding the Full Context:
Chesterton's complete Utopia of Usurers
Del Mar's The Science of Money
Pound's ABC of Economics
Carroll Quigley's Tragedy and Hope (for modern context)
Any biography of the Rothschild banking dynasty
The vicarage setting suggests that these economic questions are ultimately moral and spiritual ones - a theme that runs through all the referenced authors, from the mystical Rumi to the prophetic Blake to the paradoxical Chesterton himself.
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Claude 4 Sonnet