Thousands of years ago, various religions developed an idea some called “jubilee.” It entailed the acts of canceling or reversing income and/or wealth inequalities (especially of land holdings and debts) that had developed in their societies. Often, jubilees were stipulated to occur periodically every 49 years, more or less. The point was not to change the socio-economic system; it was rather to redistribute property and then restart the same system again as a way to preserve it. Variations of the jubilee idea have survived and occasionally surfaced into public discourse ever since.(More...)
This article originally appeared at Truth-out.org.
The winds of change are blowing harder. The crisis since 2007 has renewed criticism of capitalism, but pressure for change has built far longer than that. So it is time to draw some lessons from the major social changes of the past and apply them now. One of the most important lessons concerns class. How activists see and act on today's class system can make social movements more effective now than in the past - as a brief historical review can show.(More...)
“The Economics of a New Year”
Co-sponsored by Democracy at Work, Left Forum, and Judson Memorial Church, these programs begin with 30 minutes of short updates on important economic events of the last month. Then Wolff analyzes several major economic issues. For this February 4, 2015...