The Invisible Army of Defaulters: Communique #1
Far out! I’ve been calling for the same approach in Womanifesto!
Here’s a quote: We propose a couple of modest rebalancing policies.
The first is that antisocial debts, whether at the international level such as money supposedly owed by poor nations to rich, or by ordinary folk to financial institutions, should all be cancelled.
If we Default All Debts, everyone can start again. Most folk would be better off – only the rich would lose. And if we lost a few financial institutions, would anybody care or even notice?