The Beast

Its seed has been sown since the 1st century. It has been breathing inside its packet from the 5th century to the 16th century when Europe had a Papal ban on debt. The Church failed to prevent debt during the 16th century owing to conflicts within it. The 16th century gave birth to the modern state. So what is debt? Among other things, the modern state is responsible for its accumulation of debt.

Debt is property owed to others. It is essentially the taking of something owned by someone, to make it one's own. Hence, unpaid debt is the equivalent to stealing, justified on the pretext of the need to acquire more. Greed. People borrow from others, and charging it with an interest is to take advantage of someone else's greed.

Debt, thy name is Mammon. Mammon is the spirit of greed, the want to own more for oneself. Global debt has accumulated as the ugly Beast of Mammon rears its ugly head.