As I have probably noted a couple of
times I have been reading Plutarch’s Lives Volume 2 for a little while now. One
thing that I have noted while going through Plutarch’s writing is that there
were two main concerns for the great leaders of Rome and Greece. Those two main
concerns were debt and war. They were always seeking to either extend their
people’s boundaries through war, or secure their people’s safety through war.
But also when they were not at war, many of the great leaders were seeking to
address inequities in the city states and nations of the Mediterranean. This
was an ongoing battle.
The more well-read Christians will
know that the Jubilee was central to the theology of the Bible. But even many
well-read Christians are not aware that the issue of debt forgiveness was a
central and ongoing concern in the ancient world. Many nations in the classical
era had notable periods and notable leaders where society wide debt forgiveness
had been enacted. For the Greeks and Romans the greatest leaders were those who
could subdue their enemies, and who could set their people at liberty, and by
liberty I mean free them from slavery and debt, which was the same thing in this
ancient world.
In fact, debt forgiveness was so
common that it was often used in a cynical way. Great generals and politicians
would use it to set free large numbers of captives and slaves and give them
voting rights or places in the military in order to tip the scales in their
balance. But whether used for cynical means or not, it was commonly understood
that debt need to be cleared or dealt with, otherwise it could destroy your
society. The Gracchi are famous examples of men who understood this and who
fought for the relief of indebted Romans.
The Bible is thoroughly aware of how
necessary this is. This is from something I am writing,
“The
Scriptures recognize how the system can be turned against the people, how the
wealthy can use their wealth to increase their own power and position and crush
the poor. Because of this God set in place laws that required the cancelling of
debts, for example the year of Jubilee in Leviticus 25, and other laws
pertaining to releasing fellow Israelites who were enslaved through unfortunate
circumstances and decisions. The Scriptures recognize that people are not equal,
or the same, and because of this society will become unbalanced, and therefore the
system needs to be reset from time to time. The great reset in the Bible is the
concept of periodical freedom from debt. This is the context of Isaiah 61,
“1
The Spirit of the Lord God is upon me, because
the Lord has anointed me to bring good news to the poor; he has
sent me to bind up the brokenhearted, to proclaim liberty to the captives,
and the opening of the prison to those who are bound; 2 to proclaim
the year of the Lord's favor, and the day of vengeance of our
God; to comfort all who mourn…” (Isa. 61:1-2).
This
passage, which many will recognize as being part of the foundation of the
ministry of Jesus in Luke chapter 4, is intricately bound up in the biblical
concept of periodically releasing people from their debts and the slavery
incurred by debt, so the land would remain stable. Central to God’s judgement
on the Israelites was their continual refusal to enact these laws of justice,
“13
Thus says the Lord, the God of Israel: I myself made a covenant with your
fathers when I brought them out of the land of Egypt, out of the house of
slavery, saying, 14 ‘At the end of seven years each of you must set free the
fellow Hebrew who has been sold to you and has served you six years; you must
set him free from your service.’ But your fathers did not listen to me or
incline their ears to me. 15 You recently repented and did what was right in my
eyes by proclaiming liberty, each to his neighbor, and you made a covenant
before me in the house that is called by my name, 16 but then you turned around
and profaned my name when each of you took back his male and female slaves,
whom you had set free according to their desire, and you brought them into
subjection to be your slaves.
17
“Therefore, thus says the Lord: You have not obeyed me by proclaiming liberty,
every one to his brother and to his neighbor; behold, I proclaim to you liberty
to the sword, to pestilence, and to famine, declares the Lord. I will make you
a horror to all the kingdoms of the earth” (Jer. 34:13-17).
God
instituted a continual resetting of the economy so that people could be
restored to their land and be able to provide for themselves, and continue to
contribute to society. This was central to God’s ideal for his people, “And you
shall consecrate the fiftieth year, and proclaim liberty throughout the land to
all its inhabitants. It shall be a jubilee for you, when each of you shall
return to his property and each of you shall return to his clan” (Lev. 25:10).
The
simple response many conservatives will give to this examination of the need
for debt forgiveness is that this was just something for ancient Israel. But
this could not be further from the truth. Michael Hudson in his book …and
forgive them their debts: Lending, Foreclosure and Redemption From
Bronze Age Finance to the Jubilee Year, proves conclusively that the
predatory rich who enslaved their populations were central to the collapse of
the ancient Assyrian, Babylonian and other civilisations. The law of the word
of God was written in this ancient context to seek to protect the Israelites
from this same fate. This is the fate of all civilisations that allow debt to
roll on unchecked. The predatory rich enslave their own people, weakening a
society making it vulnerable to incursions from outside threats, this was true
from Egypt to Rome and all the civilisations either side.”
We are not meant to live as extreme
individualists. We are also not meant to live as just a cog in the collective
machine. There is an intersection between our individual identities and our
part to play in society, and debt forgiveness is relevant to this interplay.
I think the best way to explain this
to conservative Christians is the idea of forgiveness in marriage. One of the
keys in marriage is knowing that you should be quick to forgive, because if you
do not even the best marriages can turn sour and turn into prisons, or worse,
divorce. Forgiveness is key to stopping this from happening. It is incumbent on
both the husband and the wife to not wrong each other. But it is just as
necessary to quickly forgive those wrongs otherwise the relationship, the
system, breaks down. It is incumbent on individuals to not make stupid financial
choices. But it is just as necessary for the community to recognize that we are
all often stupid, or unlucky, or both, and therefore there needs to be a
societal mechanism for resets so that the system does not break. God understood
this. So too did Caesar interestingly. But so too did many ancient peoples. We
have forgotten this basic knowledge in our era.
It is time to remember it again.

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