Why Occupy’s Plan To Cancel Consumer Debts Is Brilliant. “But despite its non-threatening appearance, the Rolling Jubilee has significant transformative potential.” An alternative view.
Rolling Jubilee. “Rolling Jubilee is a Strike Debt project that buys debt for pennies on the dollar, but instead of collecting it, abolishes it. Together we can liberate debtors at random through a campaign of mutual support, goodwill, and collective refusal.” Learn more at the Rolling Jubilee site.
I received an e-mail today:
The G8 announced today that the entire debt of 20 of the world’s poorest nations has been voted to be forgiven. The also announced that there are 24 other nations on the table for consideration. All the nations involved will vote on the issue next week.
The Los Angeles Times has more information.