f you study American history, you’ll see that Debt Jubilees occur only in a unique type of extreme political environment. After all, a Jubilee is a radical measure. The government essentially steals money from one group and hands it to another. In order for this to occur, four elements must be in place... 1. The wealth gap must be getting dramatically bigger. 2. There must be cultural threats from
3. The government must be ineffective at providing solutions. 4. And there must be growing anger toward the “elites.” Sounds familiar, doesn’t it? We have the largest gap ever between the rich and poor... We have huge increases in violent protests about immigration and race... We have a completely ineffective government... And we have extreme animosity toward the “elites” from both the left and right.
those with different values or from outsiders (in other words, minority populations and immigrants).
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April 2019
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