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| 1 |
ID:
124217
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| Publication |
2013.
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| Summary/Abstract |
Debt is fundamentally an issue of power; the transfer of resources between debtor and creditor, and the decisions a creditor can force on a debtor. The Jubilee movement for 'Third World' debt cancellation got its name from the Jewish scriptures. A 'jubilee' was a time when debts were cancelled, slaves freed, land returned and fields left fallow. All these were linked. Those working on the land got into debt when harvests failed. To feed their families they borrowed from neighbours. As debts rose and families became unable to pay, they had to sell off their land. Rent was charged on the sold land, creditors got richer, debtors poorer, and debts increased. Now when struggling to pay, debtors sold off what was left to them: daughters, sons and themselves. Many ended up in slavery. Jubilee was a time to stop and put right these wrongs. It addressed both the debt and other inequalities of power and resources which arose in the name of debt.
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| 2 |
ID:
124220
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| Publication |
2013.
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| Summary/Abstract |
The Make Poverty History campaign, launched in 2005, mobilised citizens to press their governments at key moments throughout the year to take action to eliminate global poverty. Initiated and ?nanced by international development NGOs (INGOs), the campaign appealed to a broad constituency, building unity
around three demands: more and better aid, debt cancellation and trade justice. The call for solidarity and economic justice resonated with millions of people, who added their names to a 'virtual' coalition via internet petitions and public demonstrations around the world.
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| 3 |
ID:
124216
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| Publication |
2013.
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| Summary/Abstract |
In contrast to mainstream development economists' and policy makers' insistence that relatively straightforward, technical and apolitical solutions exist to the problems of debt and development, debt is inscribed in powerful, unequal and contested structures and relations. This is vividly depicted in the articles in this special section, written by activists and researchers with years of experience mobilising and supporting grassroots struggles, which reveal the often obscure or unspoken relations of power that underpin the highly unequal dynamics of debt on a global scale, while promoting and offering fresh insights from a diverse array of new initiatives and subversive tactics that confront the dominant debt and development paradigm. They offer sober reflection on what organisations need to do to get things done in continuing and future battles for debt justice.
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