OVERVIEW of Michael Hudson’s ‘The Lost Tradition of Biblical Debt Cancellations’.

First Para: The once-glowing core body of law within the Judeo-Christian Bible has become all but ignored — indeed, rejected — by the colder temper of our times. This core provided for periodic restoration of economic order by rituals of social renewal based on freedom from debt-servitude and from the loss of one’s access to self-support on the land. So central to Israelite moral values was this tradition that it framed the composition of both the Old and New Testaments.

Last Para: Only in the modern era have these stories been decoupled from the laws concerning debt, land tenure and freedom from debt bondage that they originally were designed to wrap, and their social kernel thrown away.

See the full summary of the 124page study: overview-biblical-traditions-of-old-and-new-testaments

And the full text: http://michael-hudson.com/wp-content/uploads/2010/03/HudsonLostTradition.pdf

Yours, Peter

Democracy is the art of thinking independently together
and in the UK there is a way of making it achievable

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