For millennia we’ve been told that Jesus Christ died for our sins. But what if as a social reformer Jesus was killed because he was talking about reforming the economics of his day?
Artists and film-makers Hilary Powell and Dan Edelstyn took over a co-op bank to enact community driven debt relief, by the people for the people, in a bid to educate the public about how money and credit are actually created. And instead of putting the Queen on their money, they are making heroes out of the Garys, Sarahs, Tracys and Steves who are fighting for economic justice amid the fallout of the current system we are forced to live under.
As we turn towards our faiths this Christmas and Hanukkah in an attempt to make sense of the year that was, economist Professor Michael Hudson says we have been interpreting the bible incorrectly. And he has written an entire book about it. Rather than sex and sin, both Christianity and Judaism is preoccupied with debt. As it turns out, Jesus was a socialist activist who paid the ultimate price, fighting for the reinstatement of regular debt jubilees. In fact, the rulers of classical antiquity who cancelled their subjects’ debts were overthrown with disturbing frequency and tended not to live that long…
How could an economy that created so much debt also save the banks rather than the economy itself after 2008? In this episode of Meet the Renegades, economics professor and author, Michael Hudson discusses the phenomenon of debt deflation and how the economic curriculum should change in education.