Michael Hudson, in his new book “…And Forgive Them Their Debts: Lending, Foreclosure and Redemption From Bronze Age Finance to the Jubilee Year,” shares with journalist Chris Hedges how Ancient cultures forgave debt cyclically to prevent debt peonage and the rise of an oligarch elite.
He cites Leviticus 25, which pretty much cancels debt obligations in a vast majority of cases before concluding:
“‘Even if someone is not redeemed in any of these ways, they and their children are to be released in the Year of Jubilee, for the Israelites belong to me as servants. They are my servants, whom I brought out of Egypt. I am the Lord your God.
Hedges mentions at the 6.20 mark that the only act by Jesus that can be considered violent was when he overturned the tables of the Pharisees and the moneylenders in the temple (Matthiew 21-12):
"And Jesus entered the temple and drove out all who sold and bought in the temple, and he overturned the tables of the money-changers".
Can a modern-day Christian look at our present situation without making a parallel? Debt peonage: check. Oligarchic power structure: check. Fake preachers getting rich through profane sermons: check. Man we really need a guy like Jesus right now. But he died (slightly less than) 2000 years ago. So it looks like we're gonna have to do it ourselves this time.
Is there anything in the Bible or elsewhere related to how he did it?