But what have we done wrong, what have we the workers, labourers, assistants, functionaries of the capitalist system done to deserve such an tornado of depression. What is the crisis about ? Who is responsible ? What can be done ? Where do we go from here ? Up until now, the daily economic question was principally one of scale. The morning business reports would tell us that the market was for the most part growing. People were getting richer. Yes, the general assumtion was that ‘people’ were gaining. But which people ? We were inundated with reports of the highest people. That is to say those who manage the banks, the new secret aristocracy of our time. So an so’s annual salary reached 3 million this year. Mr X or bank Y made 2 million on bonuses this year etc etc. Of course, all this meant that the economy was fine. The miraculous trickle-down effect would ensure that we would all benefit. Just as God functioned as a incontrovertible source of autocratic power in the middle-ages, keeping the peasants and serfs quaking with fear, today’s unquestionable authority is the market. The market loves us all and only madmen and socialists would challenge its infallibility.
In pre-renaissance or late-medieval Europe when universities were being founded throughout our backward continent, universities began to teach the liberal arts : grammar, rhetoric and theology were heavily emphasised. Through the mediation of Islamic scholars, the works of Artistotle began to circulate throughout Europe. The challenge for European thinkers was not so much to understand the works of Aristotle but to assimilate them to Christian dogma. Thomas Aquinas-an Italian scholar who received his instruction in Aristotelian philosophy from an Irishman known as Petrus de Ibernia- did his utmost to subordinate Greek philosophy to Christian theology. Since God’s existence was incontrovertible, the dictum of the times was fides querens intellectum, faith seeking understanding.