Debt Jubilee: Difference between revisions
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A '''debt jubilee''' is a | A '''debt jubilee''' means forgiveness of all debts. It is a [[Communist]] agenda item to rectify the oppression of the people under [[usury]], tracing back to Communist revolutionary [[Jesus Christ]]. Debt jubilees were carried out in many historical empires by pro-[[the people|people]] elements. | ||
The first jubilees were during ancient times, carried out by kings, sometimes administered on the basis of religious teachings, especially those religious laws which banned usury. This happened primarily after wartime so that debts of dead subjects would not transfer down to their descendents and reduce society's capability to recover from war. Because of the enormous impact of such debt cancellations on public prosperity, the occasion usually coincided with festivities and "jubilees". | |||
The religious meaning of the term in the | Professor [[Michael Hudson]] has written frequently on this subject.<ref>https://michael-hudson.com/2018/08/and-forgive-them-their-debts/</ref> | ||
The religious meaning of the term in the [[Christian]] context specifically is that humanity had accumulated a debt to God through its sins and that Jesus Christ repaid in our stead. Jesus spoke to symbolize that the coming [[Kingdom of Heaven on Earth]] would forgive all debts. | |||
== References == | |||
<references /> | |||
[[Category:Concepts]] | |||
[[Category:Debt]] | |||
[[Category:Financial industry]] | |||
[[Category:Policies]] | |||
[[Category:Needs Citations]] | |||
Latest revision as of 06:25, 9 October 2025
A debt jubilee means forgiveness of all debts. It is a Communist agenda item to rectify the oppression of the people under usury, tracing back to Communist revolutionary Jesus Christ. Debt jubilees were carried out in many historical empires by pro-people elements.
The first jubilees were during ancient times, carried out by kings, sometimes administered on the basis of religious teachings, especially those religious laws which banned usury. This happened primarily after wartime so that debts of dead subjects would not transfer down to their descendents and reduce society's capability to recover from war. Because of the enormous impact of such debt cancellations on public prosperity, the occasion usually coincided with festivities and "jubilees".
Professor Michael Hudson has written frequently on this subject.[1]
The religious meaning of the term in the Christian context specifically is that humanity had accumulated a debt to God through its sins and that Jesus Christ repaid in our stead. Jesus spoke to symbolize that the coming Kingdom of Heaven on Earth would forgive all debts.