I don't remember if this was posted here or not, and even though it's a few months old, it's worth the read.
When Europeans first began to explore the globe, their greatest surprise was not the existence of the Western Hemisphere, but the extent of their own technological superiority over the rest of the world. Not only were the proud Maya, Aztec, and Inca nations helpless in the face of European intruders, so were the fabled civilizations of the East: China, India, and Islamic nations were "backward" by comparison with 15th-century Europe. How had that happened? Why was it that, although many civilizations had pursued alchemy, the study led to chemistry only in Europe? Why was it that, for centuries, Europeans were the only ones possessed of eyeglasses, chimneys, reliable clocks, heavy cavalry, or a system of music notation? How had the nations that had arisen from the rubble of Rome so greatly surpassed the rest of the world?
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The most convincing answer to those questions attributes Western dominance to the rise of capitalism, which took place only in Europe. Even the most militant enemies of capitalism credit it with creating previously undreamed of productivity and progress. In The Communist Manifesto, Karl Marx and Friedrich Engels proposed that before the rise of capitalism, humans engaged "in the most slothful indolence"; the capitalist system was "the first to show what man's activity can bring about." Capitalism achieved that miracle through regular reinvestment to increase productivity, either to create greater capacity or improve technology, and by motivating both management and labor through ever-rising payoffs.
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It was during the so-called Dark Ages that European technology and science overtook and surpassed the rest of the world. Some of that involved original inventions and discoveries; some of it came from Asia. But what was so remarkable was the way that the full capacities of new technologies were recognized and widely adopted. By the 10th century Europe already was far ahead in terms of farm-ing equipment and techniques, had unmatched capacities in the use of water and wind power, and possessed superior military equipment and tactics. Not to be overlooked in all that medieval progress was the invention of a whole new way to organize and operate commerce and industry: capitalism.
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Given the fundamental commitment of Christian theologians to reason and progress, what they did was rethink the traditional teachings. What is a just price for one's goods, they asked? According to the immensely influential St. Albertus Magnus (1193-1280), the just price is simply what "goods are worth according to the estimate of the market at the time of sale." That is, a just price is not a function of the amount of profit, but is whatever uncoerced buyers are willing to pay. Adam Smith would have agreed — St. Thomas Aquinas (1225-74) did. As for usury, a host of leading theologians of the day remained opposed to it, but quickly defined it out of practical existence. For example, no usury was involved if the interest was paid to compensate the lender for the costs of not having the money available for other commercial opportunities, which was almost always easily demonstrated.
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Free labor was an essential ingredient for the rise of capitalism, for free workers can maximize their rewards by working harder or more effectively than before. In contrast, coerced workers gain nothing from doing more. Put another way, tyranny makes a few people richer; capitalism can make everyone richer. Therefore, as the northern Italian city-states developed capitalist economies, visitors marveled at their standards of living; many were equally confounded by how hard everyone worked.
The common denominator in all these great historical developments was the Christian commitment to reason.
That was why the West won. |