In 1998 the Unitarian General Assembly gave it support to a Resolution
supporting the Jubilee Debt Campaign’s urging governments in the developed
world to cancel, by the year 2000, debts owed to them by the poorest nations.
The call for Jubilee has led to cancellation of $120 billion of debt (£80
billion) bringing education and healthcare to many millions of people. Unitarians
played a small part in the campaign involving many faith and non-faith groups.
Despite these achievements more needs to be done. This new campaign builds upon that of the
1990s. It aims to achieve the cancellation of the unjust debts of the most
indebted nations, promote just and progressive taxation rather than excessive
borrowing and stop harmful lending which forces countries into debt
The full text of the letter is as follows:
“Following the year of the Queen’s Diamond Jubilee, we
recall the ancient custom of the Jubilee Year, in which debts would be
cancelled.
The Hebrew scriptures speak of a Jubilee Year in which
unpayable debts should be cancelled. The Gospel writer, Luke, records that
Jesus began his public ministry with a call to restore the just economy of
Jubilee where all have enough. Jesus also tells those who have assets, to lend
without expecting a return. The Holy Qur’an condemns usury and requires zakah
(almsgiving) as an essential duty to prevent wealth being accumulated only
among the rich.
The Dharmic faiths from the Indian sub-continent also teach
the same principle. In the Anguttara Nikaya, Buddhists read, ‘One holds wealth
not for oneself but for all beings.’ Sikhs believe in earning ethically, being
benevolent and they pray for the common good of all. Mahatma Gandhi, from his
Hindu roots, famously said, ’Earth provides enough to satisfy everyone’s need
but not enough for everyone’s greed.’
In recent times, the idea of Jubilee has been applied to the
need to cancel the unfair debts of many ‘Third World ’
countries. This does not represent charity towards the impoverished but a call
for justice: to reform the basis of the global economy and renew relationships
between high and low income countries. This call for Jubilee since the 1990’s
has led to the cancellation of $120 billion of debt (£80 billion), bringing
education and healthcare to many millions of people.
Despite these achievements, over the last thirty years there
has been a series of debt crises culminating in the present one in Europe . A self-serving financial system has brought the
global economy to its knees and we are now seeing the poorest people in our own
society and around the world paying the price for this excess.
That is why we ask people everywhere to join in calling for
a renewed Jubilee. Finance must be put back in its place as a means to human
well being. We need far reaching changes in the global economy to build a
society based on justice, mutual support and community. We need economic and
political as well as spiritual renewal in our society. We applaud the efforts
of citizens across Europe and the world to
engage in democratic audits of their national debts as a first step towards
reclaiming public control of national finances. We call on people in the UK to unite in
support of this vision of Jubilee, and to make this cause a lasting legacy of
2012.
A Jubilee for Justice today would mean:
Cancelling the unjust debts of the most indebted nations
Promoting just and progressive taxation rather than
excessive borrowing
Stopping harmful lending which forces countries into debt"
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