DEFAULT ALL DEBTS!
And I thought we couldn’t learn much from the Ancients…
Collective debt cancellation has a significant and long lived historical precedence.
It’s time to revive the tradition !!
In this article political scientist Eric Toussaint, highlights some of the most notable features of debt cancellation as it was practiced in Mesopotamia and Egypt from 3000 to 1000 BCE. Eric Toussaint is president of The Committee for Abolition of Third World Debt.
The Long Tradition of Debt Cancellation in Mesopotamia and Egypt from 3000 to 1000 BC
by Eric Toussaint
Hammurabi, king of Babylon, and debt cancellation
The Hammurabi Code is in the Louvre Museum, in Paris. The term “code” is inappropriate, because what Hammurabi left us is a set of rules and judgements on relations between public authorities and citizens. Hammurabi began his 42-year reign as “king” of Babylon (located in present-day Iraq), in 1792 BC.
What most history books fail…
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