> The #Jubilee2000 call for debt cancellation is welcome and merits support, but is open to some qualifications. The debt does not go away. Someone pays, and the historical record generally confirms what a rational look at the structure of power would suggest: risks tend to be socialized, just as costs commonly are, in the system mislabelled “#FreeEnterpriseCapitalism.”
https://chomsky.info/19980515/
#NoamChomsky in 1998 on the #Jubilee #DropTheDebt campaign.

> .. “It is unfair for BlackRock and other lenders to make massive profits out of Zambia’s #DebtCrisis. If BlackRock refuse to cancel #Zambia’s debt, then the #UK and other# G20 countries should support Zambia to stay in default on #BlackRock, and pass legislation to make them accept #DebtCancellation.”
https://debtjustice.org.uk/press-release/blackrock-could-make-110-profit-out-of-zambias-debt-crisis
#Jubilee I learned a lot from the #Jubilee2000 movement. A RT by @JayatiGhosh brought my attention to this example of #OdiousDebt, #DropTheDebt