Race and Ethnicity: Canon 67

Today we look specifically at the institutional racism against Jews established by Pope Innocent III in the Fourth Lateran Council of 1215. Of the 70 canons of the council proceedings, the final four were about Jews. It is worth looking at these in their entirety.

Canon 67 blames Jews for the poor planning of the Gentiles who became in dented to Jewish money-lenders and could not repay the debt. This is blamed on the ability of Jews to charge interest, called usury by the Church and considered sinful and un-Christian.

The more the Christians are restrained from the practice of usury, the more are they oppressed in this matter by the treachery of the Jews, so that in a short time they exhaust the resources of the Christians. Wishing, therefore, in this matter to protect the Christians against cruel oppression by the Jews, we ordain in this decree that if in the future under any pretext Jews extort from Christians oppressive and immoderate interest, the partnership of the Christians shall be denied them till they have made suitable satisfaction for their excesses. The Christians also, every appeal being set aside, shall, if necessary, be compelled by ecclesiastical censure to abstain from all commercial intercourse with them. We command the princes not to be hostile to the Christians on this account, but rather to strive to hinder the Jews from practicing such excesses. Lastly, we decree that the Jews be compelled by the same punishment (avoidance of commercial intercourse) to make satisfaction for the tithes and offerings due to the churches, which the Christians were accustomed to supply from their houses and other possessions before these properties, under whatever title, fell into the hands of the Jews, that thus the churches may be safeguarded against loss.

There were several reasons why usury was condemned in the Middle Ages.

Aristotle and Aquinas thought of money as "sterile" in that it was just a thing that did not reproduce or grow. Making money "grow" by charging a fee was considered unnatural and inappropriate.

A loan was not something one did to buy a car or get a mortgage: it was used in time of serious need. In this situation, making the desperate person pay back more when they are financially disadvantaged was considered to be taking advantage of someone at a vulnerable time in their life.

Paying interest was all about tying money to time, making money "worth more" simply because time has passed. Your money does not expand just because time goes by. Usury was seen as "selling time" or taking advantage of time, which was created by and managed by and belonged to God.

Also, quite simply, asking for more money back showed the sin of Avarice, and gaining more money than loaned out could lead to not needing to work, and therefore promote idleness/sloth.

We'll continue with the other canons tomorrow.