The author analyses “The Merchant of Venice” by William Shakespeare, to highlight the transformation of the Christian body and the Jewish soul during the early stages of capitalism. He reveals that the Venice described by Shakespeare is a world without measure, in which money is the only value. People are objects of financial speculation and all of humanity is treated as a commodity, an exchange value. When Bassanio praises the advantages of Portia, he first mentions her ducats (dowry), and only after that does he allude to her beauty and virtues of mind. The capitalism that is being formed in the eyes of the viewers mocks significant cultural, ethnic and religious differences. It buries them in heaps of money and then blurs them, forcing a new concept of man, whose existence differs little from plants and animals growing freely. In such a world, a game is the only strategy that allows for survival. In Venice, everyone pretends, wears a mask and lives in hypocrisy. This behaviour is typical of the “carnival” atmosphere. Masks separate people from themselves, covering up their tracks and blurring identities. By wearing them, they can hide behind “someone else”.