A friend of mine recently shared this short clip of Thomas Merton’s last lecture. He has some interesting things to say munism and monasticism, as well as what is clearly a sly promo for Coca-Cola at the end.

“From now on, brothers, everybody stands on his own feet.” This would be a great summary statement of what the monastic vow of poverty actually meant to most monks, historically. With regards to monasteries being the only places that have ever fulfilled the socialist ideal “from each according to his ability, to each according to his need,” I would add that they were able to do this because they valued the division of labor and the potential good of enterprise.

Monasteries, ancient and medieval, were centers of production, invention, and exchange, in addition to faith and worship. We may often think of the Scriptures and works of literature, philosophy, or theology that they copied in their scriptoria, but these munities have also left us volumes of financial records, documenting extensive holdings in land and capital, as well as ventures in banking, lending, and long distance trade.

For one monk’s take on the good merce, see my recent Acton Commentary, “The Monk as Merchant,” here.

Also, I’ll be lecturing again on “Markets & Monasticism” at this year’s Acton University, our summer conference. If you haven’t done so already, take the time to learn more about it here.