A Jubilee Call for Debt Forgiveness
Author | : |
Publisher | : USCCB |
Total Pages | : 36 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : 9781574553291 |
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Author | : |
Publisher | : USCCB |
Total Pages | : 36 |
Release | : 1999 |
Genre | : Business & Economics |
ISBN | : 9781574553291 |
Author | : MICHAEL. HUDSON |
Publisher | : |
Total Pages | : 336 |
Release | : 2018-11-15 |
Genre | : |
ISBN | : 9783981826029 |
An epic journey through the economies of ancient civilizations, and how they managed debt versus social instability. Shocking historical truths about how debt played a central role in shaping (or destroying) ancient societies (viz: Rome), and that the Bible is preoccupied with debt, not sin, which has been disturbingly inverted in modern times.
Author | : Richard Vague |
Publisher | : John Wiley & Sons |
Total Pages | : 75 |
Release | : 2021-09-21 |
Genre | : Political Science |
ISBN | : 1509548742 |
We were drowning in in record levels of debt before the COVID-19 crisis, and we are now deluged in it. U.S. private-sector loans have tripled relative to income since 1950 – and government debt is also at an all-time high. Soaring debt burdens individuals, stifles growth, compounds inequality, and brings falling living standards for millions. Richard Vague’s new book argues that, contrary to mainstream assumptions, we cannot simply hope that the trend will correct itself. Mounting debt is a feature of our economic system, not a bug: debts perpetually grow and compound, polarizing and impoverishing economies if not overtly dealt with. He offers a detailed plan for how we can restructure a range of debts – such as student loans, auto loans, medical debt and more – and offer hard-pressed debtors a ‘jubilee’ now, not in some utopian future. Vague’s bold polemic contains a wealth of ideas that will free millions from modern-day debt peonage, reduce inequality and bring new vigor to the economy as it struggles to emerge from the pandemic.
Author | : Collective Debt |
Publisher | : Haymarket Books |
Total Pages | : 98 |
Release | : 2020-06-23 |
Genre | : Social Science |
ISBN | : 1642593826 |
Debtors have been mocked, scolded and lied to for decades. We have been told that it is perfectly normal to go into debt to get medical care, to go to school, or even to pay for our own incarceration. We’ve been told there is no way to change an economy that pushes the majority of people into debt while a small minority hoard wealth and power. The coronavirus pandemic has revealed that mass indebtedness and extreme inequality are a political choice. In the early days of the crisis, elected officials drew up plans to spend trillions of dollars. The only question was: where would the money go and who would benefit from the bailout? The truth is that there has never been a lack of money for things like housing, education and health care. Millions of people never needed to be forced into debt for those things in the first place. Armed with this knowledge, a militant debtors movement has the potential to rewrite the contract and assure that no one has to mortgage their future to survive. Debtors of the World Must Unite. As isolated individuals, debtors have little influence. But as a bloc, we can leverage our debts and devise new tactics to challenge the corporate creditor class and help win reparative, universal public goods. Individually, our debts overwhelm us. But together, our debts can make us powerful.
Author | : Andrew Ross |
Publisher | : OR Books |
Total Pages | : 238 |
Release | : 2014-02-20 |
Genre | : Business & Economics |
ISBN | : 1939293391 |
It seems like pretty much everybody – homeowners, students, those who are ill and without health insurance, and, of course, credit card holders – is up to their neck in debt that can never be repaid. 77% of US households are seriously indebted and one in seven Americans has been pursued by debt collectors. The major banks are bigger and more profitable than before the 2008 crash, and legislators are all but powerless to bring them to heel. In this forceful, eye-opening survey, Andrew Ross contends that we are in the cruel grip of a creditocracy – where the finance industry commandeers our elected governments and where the citizenry have to take out loans to meet their basic needs. The implications of mass indebtedness for any democracy are profound, and history shows that whenever a creditor class becomes as powerful as Wall Street, the result has been debt bondage for the bulk of the population. Following in the ancient tradition of the jubilee, activists have had some success in repudiating the debts of developing countries. The time is ripe, Ross argues, for a debtors’ movement to use the same kinds of moral and legal arguments to bring relief to household debtors in the North. After examining the varieties of lending that have contributed to the crisis, Ross suggests ways of lifting the burden of illegitimate debts from our backs. Just as important, Creditocracy outlines the kind of alternative economy we need to replace a predatory debt-money system that only benefits the 1%.
Author | : Allen D. Hertzke |
Publisher | : Univ. of Tennessee Press |
Total Pages | : 284 |
Release | : 1988 |
Genre | : Political Science |
ISBN | : 9780870495700 |
Author | : Steve Keen |
Publisher | : John Wiley & Sons |
Total Pages | : 140 |
Release | : 2017-05-09 |
Genre | : Political Science |
ISBN | : 1509513760 |
The Great Financial Crash had cataclysmic effects on the global economy, and took conventional economists completely by surprise. Many leading commentators declared shortly before the crisis that the magical recipe for eternal stability had been found. Less than a year later, the biggest economic crisis since the Great Depression erupted. In this explosive book, Steve Keen, one of the very few economists who anticipated the crash, shows why the self-declared experts were wrong and how ever–rising levels of private debt make another financial crisis almost inevitable unless politicians tackle the real dynamics causing financial instability. He also identifies the economies that have become 'The Walking Dead of Debt', and those that are next in line – including Australia, Belgium, China, Canada and South Korea. A major intervention by a fearlessly iconoclastic figure, this book is essential reading for anyone who wants to understand the true nature of the global economic system.
Author | : World Bank |
Publisher | : International Monetary Fund |
Total Pages | : 106 |
Release | : 2007-10-15 |
Genre | : Business & Economics |
ISBN | : 1498333281 |
This report provides an update on the status of implementation, impact and costs of the enhanced Heavily Indebted Poor Country (HIPC) Initiative and the Multilateral Debt Relief Initiative (MDRI) since mid-2006. It also discusses the status of creditor participation in both initiatives and the issue of litigation of commercial creditors against HIPCs.
Author | : Porter Stansberry |
Publisher | : |
Total Pages | : |
Release | : 2019-02-28 |
Genre | : |
ISBN | : 9780997833386 |
2019 Second Edition
Author | : David Knox Barker |
Publisher | : |
Total Pages | : 0 |
Release | : 2009-11-04 |
Genre | : Business cycles |
ISBN | : 9780982528310 |
David Knox Barker's Jubilee on Wall Street accurately predicted the events that have led to our current global financial and economic crisis-the deflationary debt collapse, crashing stock markets, the international banking disaster, political trends, and the crisis of capitalism. With his latest edition, Jubilee on Wall Street: An Optimistic Look at the Global Financial Crash, Barker provides an examination of economic and financial history and proves that the long wave theory, and its inherent seasons, is the most accurate forecaster we have-the roots of which date as far back as the insightful laws of Leviticus and the Year of Jubilee. Barker shows how we have the opportunity to create a better future for all, not based on global socialism or the creation of a redistributive world empire where the middle class bears all the burdens, but The Great Republic from which can rise a new form of genuine and lasting international free-market capitalism.