Buddhist Responses to Globalization by Kalmanson Leah; Shields James Mark; Hershock Peter D

Author:Kalmanson, Leah; Shields, James Mark; Hershock, Peter D.
Language: eng
Format: epub
Tags: undefined
Publisher: Lexington Books
Published: 2012-02-28T16:00:00+00:00

What is this “Inexhaustable Storehouse” that seems magically to erase all past and future karma, not only for the giver but also for his or her entire family? In short, the Storehouse was a Sanjie charitable institution, which enjoyed a period of widespread success before being labeled heretical and banned in the early 700s.[10] While in operation, the Storehouse accepted donations of money and material goods from the surrounding populations, and the act of donating was thought to generate positive karmic merit for the giver, a system of exchange already relied upon by Buddhist monasteries to raise money for themselves. However, distinctive to Xinxing’s Storehouse, the donated capital did not simply support the monastery; rather, the Storehouse functioned as a “no strings attached” lending institution. Anyone could borrow money and goods from the Storehouse as needed, and repayment was optional and interest-free.[11] The Storehouse amassed such wealth that it began to rival the government as a means for people to provide for themselves and for social infrastructures. Although the reasons behind the government’s persecution of the Sanjie sect remain partly mysterious, Wendi Adamek speculates that its economic strength was a key factor.[12]

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