This post by ‘intelhub’ “OWS Affiliated Group Purchases $1 Million Worth of Emergency Room Debt and Erases It” tells of what seems to be a brilliant form of reestablishing community facilities that are stalled because of debt.
Whereas, the government should be acting along these lines, (in fact, themselves legislating erasure of debt), seeing as they aided and abetted the crash in the first place, community organised funds can achieve a great deal.
By JG Vibes
March 15, 2013
Months ago I wrote about how Occupy Wall Street was raising money so they could buy up debt at random and pay it off, in a brilliant campaign of radical agorism.
The effort that I am talking about is called “Rolling Jubilee” and the stated mission on their website is to:
“Buy debt for pennies on the dollar, but instead of collecting it, we abolish it. We cannot buy specific individuals’ debt – instead, we help liberate debtors at random through a campaign of mutual support, good will, and collective refusal.”
This idea has brought about many success stories. The group recently announced through their website that they erased over $1 Million in debt from emergency rooms in Kentucky and Indiana.
Read the article here.
- OWS Affiliated Group Purchases $1 Million Worth of Emergency Room Debt and Erases It (familysurvivalprotocol.com)
- Do We Have a Debt Crisis? (powerlineblog.com)
- Your Debt Is For Sale At 5 Cents On The Dollar – Just Not To You (notthesingularity.com)