Saturday, June 10, 2023

Moneylending, in Shakespeare's Play (1)

"News has spread that the state assets in a certain country, under a certain regime, have experienced a sharp increase... etc... etc. And there are three men, a mathematician, an accountant and an economist apply for the same job.
The interviewer calls in the mathematician and asks, 'What do two plus two equal?' The mathematician replies 'Four.' The interviewer asks 'Four, exactly?' The mathematician looks at the interviewer incredulously and says Yes, four, exactly!'
Then the interviewer calls in the accountant and asks the same question, 'What do two plus two equal?' The accountant says 'On average, four—give or take ten percent, but on average, four.'
Then the interviewer calls in the economist and poses the same question 'What do two plus two equal?' The economist gets up, locks the door, closes the shade, sits down next to the interviewer and says, 'What do you want it to equal?'" said the Moon—she had changed roles with the Full Moon—when she arrived, after saying Basmalah and Salam.

"William Shakespeare," the Moon moved on, "was an extraordinarily intelligent man who was born and died in an ordinary market town in the English Midlands. He lived an uneventful life in an eventful age. Born in April 1564, he was the eldest son of John Shakespeare, a glove maker who was prominent on the town council until he fell into financial difficulties.
Shakespeare was an actor before he was a writer. Shakespeare’s theatrical career began at the Rose Theatre in Southwark. The stage was wide and shallow, trapezoid in shape, like a lozenge. He paid close attention to the work of the university-educated dramatists who were writing history plays and tragedies for the public stage in a style more ambitious, sweeping, and poetically grand than anything that had been seen before. In his early thirties and in full command of both his poetic and his theatrical medium, he perfected his art of comedy, while also developing his tragic and historical writing in new ways.

The Merchant of Venice—one of Shakespeare's many works—was probably written in either 1596 or 1597, after Shakespeare had written such plays as Romeo and Juliet and Richard III, but before he penned the great tragedies of his later years. Although classified as a comedy in the First Folio and sharing certain aspects with Shakespeare's other romantic comedies, the play is most remembered for its dramatic scenes.
The Merchant of Venice tells about Antonio, a Venetian Merchant, complains to his friends of a melancholy that he cannot explain. His friend Bassanio is desperately in need of money to court Portia, a wealthy heiress who lives in the city of Belmont. Bassanio asks Antonio for a loan in order to travel in style to Portia’s estate. Antonio agrees, but is unable to make the loan himself because his own money is all invested in a number of trade ships that are still at sea. Antonio suggests that Bassanio secure the loan from one of the city’s moneylenders and name Antonio as the loan’s guarantor. In Belmont, Portia expresses sadness over the terms of her father’s will, which stipulates that she must marry the man who correctly chooses one of three caskets. None of Portia’s current suitors are to her liking, and she and her lady-in-waiting, Nerissa, fondly remember a visit paid some time before by Bassanio.

In Venice, Antonio and Bassanio approach Shylock, a Jewish moneylender, for a loan. Shylock nurses a long-standing grudge against Antonio, who has made a habit of berating Shylock and other Jews for their usury, the practice of loaning money at exorbitant rates of interest, and who undermines their business by offering interest-free loans. Although Antonio refuses to apologize for his behavior, Shylock acts agreeably and offers to lend Bassanio three thousand ducats with no interest. Shylock adds, however, that should the loan go unpaid, Shylock will be entitled to a pound of Antonio’s own flesh. Despite Bassanio’s warnings, Antonio agrees. In Shylock’s own household, his servant Launcelot decides to leave Shylock’s service to work for Bassanio, and Shylock’s daughter Jessica schemes to elope with Antonio’s friend Lorenzo. That night, the streets of Venice fill up with revelers, and Jessica escapes with Lorenzo by dressing as his page. After a night of celebration, Bassanio and his friend Gratiano leave for Belmont, where Bassanio intends to win Portia’s hand.

In Belmont, Portia welcomes the prince of Morocco, who has come in an attempt to choose the right casket to marry her. The prince studies the inscriptions on the three caskets and chooses the gold one, which proves to be an incorrect choice. In Venice, Shylock is furious to find that his daughter has run away, but rejoices in the fact that Antonio’s ships are rumored to have been wrecked and that he will soon be able to claim his debt. In Belmont, the prince of Arragon also visits Portia. He, too, studies the caskets carefully, but he picks the silver one, which is also incorrect. Bassanio arrives at Portia’s estate, and they declare their love for one another. Despite Portia’s request that he wait before choosing, Bassanio immediately picks the correct casket, which is made of lead. He and Portia rejoice, and Gratiano confesses that he has fallen in love with Nerissa. The couples decide on a double wedding. Portia gives Bassanio a ring as a token of love, and makes him swear that under no circumstances will he part with it. They are joined, unexpectedly, by Lorenzo and Jessica. The celebration, however, is cut short by the news that Antonio has indeed lost his ships, and that he has forfeited his bond to Shylock. Bassanio and Gratiano immediately travel to Venice to try and save Antonio’s life. After they leave, Portia tells Nerissa that they will go to Venice disguised as men.

Shylock ignores the many pleas to spare Antonio’s life, and a trial is called to decide the matter. The duke of Venice, who presides over the trial, announces that he has sent for a legal expert, who turns out to be Portia disguised as a young man of law. Portia asks Shylock to show mercy, but he remains inflexible and insists the pound of flesh is rightfully his. Bassanio offers Shylock twice the money due him, but Shylock insists on collecting the bond as it is written. Portia examines the contract and, finding it legally binding, declares that Shylock is entitled to the merchant’s flesh. Shylock ecstatically praises her wisdom, but as he is on the verge of collecting his due, Portia reminds him that he must do so without causing Antonio to bleed, as the contract does not entitle him to any blood. Trapped by this logic, Shylock hastily agrees to take Bassanio’s money instead, but Portia insists that Shylock take his bond as written, or nothing at all. Portia informs Shylock that he is guilty of conspiring against the life of a Venetian citizen, which means he must turn over half of his property to the state and the other half to Antonio. The duke spares Shylock’s life and takes a fine instead of Shylock’s property. Antonio also forgoes his half of Shylock’s wealth on two conditions: first, Shylock must convert to Christianity, and second, he must will the entirety of his estate to Lorenzo and Jessica upon his death. Shylock agrees and takes his leave.

Bassanio, who does not see through Portia’s disguise, showers the young law clerk with thanks, and is eventually pressured into giving Portia the ring with which he promised never to part. Gratiano gives Nerissa, who is disguised as Portia’s clerk, his ring. The two women return to Belmont, where they find Lorenzo and Jessica declaring their love to each other under the moonlight. When Bassanio and Gratiano arrive the next day, their wives accuse them of faithlessly giving their rings to other women. Before the deception goes too far, however, Portia reveals that she was, in fact, the law clerk, and both she and Nerissa reconcile with their husbands. Lorenzo and Jessica are pleased to learn of their inheritance from Shylock, and the joyful news arrives that Antonio’s ships have in fact made it back safely. The group celebrates its good fortune.

That's it? Of course not. Many observers talk about this Shakespeare's work. Lindsay Kaplan, says that, in a sense, the Merchant of Venice provides its own context in which to be viewed or read insofar as the play offers a range ofresponses for many of the issues it raises. By proposing categories in conflict- tragedy and comedy, law and mercy, Jew and Christian, money and love, 'other' and same, female and male—Shakespeare offers his audience opposing perspectives on the action of the play. He also keeps these oppositions from being neat dichotomies by offering exceptions and complexities that multiply the perspectives from which an audience can consider them. However, the play's historical context reveals even more ways to understand the issues Shakespeare represents. The play was probably written in the mid- to late 1590s, near the end of Queen Elizabeth I's reign.
The play's setting: how does it represent Venice? says Kaplan. The play establishes a primary connection between Venice and trade: act I opens with a discussion between Antonio, a merchant of Venice, and his friends Salerio and Salanio about the vicissitudes of the trading profession.
Not only do people ofdifferent national origins, ethnicities, and religions flock to Venice, but its own inhabitants include outsiders, such as the Jewish moneylender Shylock. Venice both needs and distrusts its outsiders; both attitudes are present in the Venetian Christians' treatment of Shylock. Despite their dislike of him, Antonio and Bassanio are forced to tolerate Shylock because they need his money.

According to Jay L. Halio, the Merchant of Venice is Shakespeare's most controversial play. Among the many issues that merit discussion, besides the central one of anti-Semitism, are the relationships between parents and children (there are three sets of them in the play), particularly involving permission to marry, the position of women in society generally, justice and mercy, friendship, matrimony, and the various kinds of bonds that connect human beings with each other.
Another important issue, one raised by the very existence of a moneylender, Shylock, in the play, is the problem of usury. Christian doctrine generally opposed lending money at interest and exerted tremendous political pressure to prohibit it in England during the sixteenth century. Venice, as a center of world trade during this period and a place where many tourists flocked, then as now, was an exotic and intriguing locale—as were other cities in Europe—that attracted the interest of playwrights and their audiences.

So in this context, let's talk about debt and usury, briefly, according to these lovers of Shakespeare's plays. Look forward to the next session, seriously, not intending to do the opposite, and no lies! Bi 'idhnillah."
[Session 2]