A first insight into the meaning of the European witch-hunt can be found in the thesis proposed by Michael Taussig, in his classic work The Devil and Commodity Fetishism in South America (1980), where the author maintains that devil-beliefs arise in those historical periods when one mode of production is being supplanted by another. In such periods not only are the material conditions of life radically transformed, but so are the metaphysical underpinnings of the social order – for instance, the conception of how value is created, what generates life and growth, what is ‘natural’ and what is antagonistic to the established customs and social relations (Taussig 1980: 17ff). Taussig developed his theory by studying the beliefs of Colombian agricultural labourers and Bolivian tin miners at a time when, in both countries, monetary relations were taking root that in peoples’ eyes seemed deadly and even diabolical, compared with the older and still-surviving forms of subsistence-oriented production. Thus, in the cases Taussig studied, it was the poor who suspected the better-off of devil worship. Still his association between the devil and the commodity form reminds us that also in the background of the witch-hunt there was the expansion of rural capitalism, which involved the abolition of customary rights, and the first inflationary wave in modern Europe. These phenomena not only led to the growth of poverty, hunger, and social dislocation (Le Roy Ladurie 1974: 208), they also transferred power into the hands of a new class of ‘modernizers’ who looked with fear and repulsion at the communal forms of life that had been typical of pre-capitalist Europe. It was by initiative of this proto-capitalist class that the witch-hunt took off, both as ‘a …