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#debtjubilee — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #debtjubilee, aggregated by home.social.

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  1. Bill Esterson, Chair of HoC Energy Security and Net Zero Committee, calls Ofgem’s proposal to reduce record levels of consumer energy debt that have more than doubled since 2022 “completely inadequate”, saying the cost crisis demands “out of the box thinking” from Government and Ofgem to ensure that “parts of the sector that are making healthy profits become part of the solution to dealing with the high cost of energy”.
    committees.parliament.uk/publi
    #Energy #DebtJubilee #HouseholdDebt

  2. Bill Esterson, Chair of HoC Energy Security and Net Zero Committee, calls Ofgem’s proposal to reduce record levels of consumer energy debt that have more than doubled since 2022 “completely inadequate”, saying the cost crisis demands “out of the box thinking” from Government and Ofgem to ensure that “parts of the sector that are making healthy profits become part of the solution to dealing with the high cost of energy”.
    committees.parliament.uk/publi
    #Energy #DebtJubilee #HouseholdDebt

  3. Bill Esterson, Chair of HoC Energy Security and Net Zero Committee, calls Ofgem’s proposal to reduce record levels of consumer energy debt that have more than doubled since 2022 “completely inadequate”, saying the cost crisis demands “out of the box thinking” from Government and Ofgem to ensure that “parts of the sector that are making healthy profits become part of the solution to dealing with the high cost of energy”.
    committees.parliament.uk/publi
    #Energy #DebtJubilee #HouseholdDebt

  4. Bill Esterson, Chair of HoC Energy Security and Net Zero Committee, calls Ofgem’s proposal to reduce record levels of consumer energy debt that have more than doubled since 2022 “completely inadequate”, saying the cost crisis demands “out of the box thinking” from Government and Ofgem to ensure that “parts of the sector that are making healthy profits become part of the solution to dealing with the high cost of energy”.
    committees.parliament.uk/publi
    #Energy #DebtJubilee #HouseholdDebt

  5. #Debt #Bankruptcy #Capitalism #DebtJubilee: "Millennia ago, everyone understood that debts that can't be paid, won't be paid, and they created a system for discharging debts and freeing productive people from the tyranny of accumulated liabilities, to the benefit of all. Dismantling that system required us to invent an elaborate theological system and dress it up in economic language." pluralistic.net/2024/06/17/lov

  6. #Debt #Bankruptcy #Capitalism #DebtJubilee: "Millennia ago, everyone understood that debts that can't be paid, won't be paid, and they created a system for discharging debts and freeing productive people from the tyranny of accumulated liabilities, to the benefit of all. Dismantling that system required us to invent an elaborate theological system and dress it up in economic language." pluralistic.net/2024/06/17/lov

  7. #Debt #Bankruptcy #Capitalism #DebtJubilee: "Millennia ago, everyone understood that debts that can't be paid, won't be paid, and they created a system for discharging debts and freeing productive people from the tyranny of accumulated liabilities, to the benefit of all. Dismantling that system required us to invent an elaborate theological system and dress it up in economic language." pluralistic.net/2024/06/17/lov

  8. #Debt #Bankruptcy #Capitalism #DebtJubilee: "Millennia ago, everyone understood that debts that can't be paid, won't be paid, and they created a system for discharging debts and freeing productive people from the tyranny of accumulated liabilities, to the benefit of all. Dismantling that system required us to invent an elaborate theological system and dress it up in economic language." pluralistic.net/2024/06/17/lov

  9. Day 2 and we are 1/3 of the way to our #DebtJubilee!

    Folks on the a2mi.social #Mastodon instance are raising money to forgive medical debt for people in #Michigan. This is an amazingly effective tool, if we raise $10,000 we could clear as much as $1 million in debt! A 100x ratio is mindblowing!

    If you have the means, please go to ripmedicaldebt.org/campaign/el and give what you can. $1 donated there can clear $100 off someone's medical debt!

  10. Day 2 and we are 1/3 of the way to our #DebtJubilee!

    Folks on the a2mi.social #Mastodon instance are raising money to forgive medical debt for people in #Michigan. This is an amazingly effective tool, if we raise $10,000 we could clear as much as $1 million in debt! A 100x ratio is mindblowing!

    If you have the means, please go to ripmedicaldebt.org/campaign/el and give what you can. $1 donated there can clear $100 off someone's medical debt!

  11. Day 2 and we are 1/3 of the way to our #DebtJubilee!

    Folks on the a2mi.social #Mastodon instance are raising money to forgive medical debt for people in #Michigan. This is an amazingly effective tool, if we raise $10,000 we could clear as much as $1 million in debt! A 100x ratio is mindblowing!

    If you have the means, please go to ripmedicaldebt.org/campaign/el and give what you can. $1 donated there can clear $100 off someone's medical debt!

  12. Day 2 and we are 1/3 of the way to our #DebtJubilee!

    Folks on the a2mi.social #Mastodon instance are raising money to forgive medical debt for people in #Michigan. This is an amazingly effective tool, if we raise $10,000 we could clear as much as $1 million in debt! A 100x ratio is mindblowing!

    If you have the means, please go to ripmedicaldebt.org/campaign/el and give what you can. $1 donated there can clear $100 off someone's medical debt!

  13. “Most people are not in debt because they live beyond their means; they are in debt because they have been denied the means to live.”
    -David Graeber
    #debtrelief #debtjubilee

  14. “Most people are not in debt because they live beyond their means; they are in debt because they have been denied the means to live.”
    -David Graeber
    #debtrelief #debtjubilee

  15. @yaaps @vidak
    2/2

    It bares repeating to you, #Malthus predicted a third direction for humanity, in which we respect our #planetaryBounds.

    Also, #LimitsToGrowth have been showing themselves in ways you seem not aware of. AlbertBartlett is celebrated for a reason and we strongly encourage anyone reading this to check out his lecture.

    There's also #SpaceShipEconomy. We are not huge fans of #SteveKeen's #DebtJubilee ideas but he is right about climate issues

    @vidak

  16. @dsfgs It is a complex issue, which can be considered an extension of colonial rule, robbing the Global South of their resources. The Jubilee Debt Campaign puts it: "We aim to tackle unjust debt, to stop the boom-bust cycle of debt crises, and to build a finance system that works for everyone, not just the banks, speculators and the super rich. We see unjust debt as debt which has been contracted unfairly or undemocratically,.." jubileedebt.org.uk/the-debt-cr #debtjubilee

  17. @dsfgs It is a complex issue, which can be considered an extension of colonial rule, robbing the Global South of their resources. The Jubilee Debt Campaign puts it: "We aim to tackle unjust debt, to stop the boom-bust cycle of debt crises, and to build a finance system that works for everyone, not just the banks, speculators and the super rich. We see unjust debt as debt which has been contracted unfairly or undemocratically,.." jubileedebt.org.uk/the-debt-cr #debtjubilee

  18. @patricksudlow
    Developing countries ought to get trade consessions.

    Generally, debt jubilees are unjust because they benefit those who borrow more than they should have.

    The more just method is to give everyone a small amount, those in debt have their debt reduced by that small amount those who are not in debt have extra money to use as they see fit.

    How does the website frame it?

    #debtJubilee #developingNations #deDevelopedNations #trade

  19. Aside from calls for a #DebtJubilee that would, it seems, only really benefit debtors, and encourage more reckless borrowing for #consumption that hurts savers, Prof. #SteveKeen's interview on #RenegadeInc this week has some things to say about climate catastophies.

    Both enlightening and troubling:
    rt.com/shows/renegade-inc/5160

    #climateChange #globalWarming #theGreatReset #fiatCurrency #modernDebtJubilee #warOnSavers #ProfSteveKeen

  20. Does anyone on #Fedi actually believe that a #debtJubilee is a good idea?

    Our opinion is that rewarding #speculators (and punishing the #saver even futher) will create the most perverse of #incentives.

    Maybe its just us, though…

    #perverseIncentive #snakeOil #bigProperty #overdevelopment #realEstate #assetBubble #speculation #rewardBadBehaviour