Empire and Economics: The Long History of Debt-Cancelation from Antiquity to Today
Join Dr. Michael Hudson, New Testament Scholar Dr. Aliou Niang and Rev. Dr. Liz Theoharis, Biblical Scholar and co-chair of the Poor People’s Campaign: A National Call for Moral Revival, for a discussion on the history of debt and what it means for our context today. Moderated by Shailly Gupta Barnes and the Kairos Center for Religions, Rights and Social Justice.
Debt plays a central role in upholding the economic and social order of the day. In the US, mounting debt and the crippling financialization of our lives is taken as fact. Our political leaders see no real problem and offer no serious solution. This was not always the case. Throughout antiquity, widespread debt-cancellation was understood as a moral and practical necessity. In a significant new book, …and Forgive Them Their Debts, economist Michael Hudson traces the biblical demand against debt and the long history of economic jubilees. Counter to dominant history and theology, Hudson reveals how the Bible itself is concerned most with the moral failure of economic systems, rather than personal sin.
Debt plays a central role in upholding the economic and social order of the day. In the US, mounting debt and the crippling financialization of our lives is taken as fact. Our political leaders see no real problem and offer no serious solution. This was not always the case. Throughout antiquity, widespread debt-cancellation was understood as a moral and practical necessity. In a significant new book, …and Forgive Them Their Debts, economist Michael Hudson traces the biblical demand against debt and the long history of economic jubilees. Counter to dominant history and theology, Hudson reveals how the Bible itself is concerned most with the moral failure of economic systems, rather than personal sin.
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