Debt Jubilee: Difference between revisions
imported>ComradeBanana No edit summary |
Azadsingh2 (talk | contribs) Categorize |
||
| (One intermediate revision by one other user not shown) | |||
| Line 1: | Line 1: | ||
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 descendants 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 | 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. | ||
==Further reading== | |||
[[Michael Hudson]]: And Forgive Them Their Debts. https://michael-hudson.com/2018/08/and-forgive-them-their-debts/ | |||
== References == | == References == | ||
| Line 12: | Line 16: | ||
[[Category:Policies]] | [[Category:Policies]] | ||
[[Category:Needs Citations]] | [[Category:Needs Citations]] | ||
[[Category: WIP]] | |||
[[Category: Religion]] | |||
Latest revision as of 19:35, 18 August 2026
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 descendants 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 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.
Further reading
Michael Hudson: And Forgive Them Their Debts. https://michael-hudson.com/2018/08/and-forgive-them-their-debts/