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399 pages, Paperback
First published January 1, 1943
In De Regimine Principum (II.3) of St. Thomas, we find a pronounced antipathy toward traders whose profession he considered immoral. In the period between the two World Wars, the old ban on usury, officially lifted only in 1918, was propagandized in certain Catholic circles by “anti-capitalist” enthusiasts, including myself. Today I am thoroughly ashamed of my immature presumption, but, like many among us, I was then honestly convinced that there simply must be a third way. Of course, there is none. The means of production belong either to individuals, to groups of individuals, or to the state which simply conducts state capitalism. (“Publicly” owned enterprises exist on paper only, and “society” always remains an abstraction. It cannot own anything.)