Those who criticized and ridiculed the Occupy Movement as something disorganized, unfocused and undisciplined are already getting a good dose of evidence to make them want to retract that statement through their help for the displaced by Super Storm Sandy and other charitable works. The cynics, however, might learn soon not to underestimate the power of the people through their latest venture. It goes without saying, I think, that there’s no revenge or getting back at the powers that be motive behind such projects—getting even is hardly hopeful or affirming and I think such objectives pull down the whole enterprise to the same sort of thinking, characterized by greed and insecurity, that got all of us in this mess to begin with.
Next week, beginning with a gala, old-fashioned fundraising telethon, the Occupiers will launch Project
Rolling Jubilee. Taking a cue from the business plans of the worst loan sharks, bounty-hunters, repo-men and usurers—the practice of selling or unloading loans and mortgages that have the potential of becoming risky or going into arrears amongst each other at a discount, the organizers plan to buy up distressed debts from the lien holders for pennies on the dollar and
forgive the car loans, medical bills, student loan debt and underwater house payments. Occupy owns the loans and liability and can discharge with them however it sees fit. An outlay of $25 translates to about $600 worth of debt loans, and cumulatively that can add up quickly and rescue a lot people from a burden that they could not hope to dig themselves out of otherwise and do things more productive with their time and resources than worry and work to enrich a system that has avalanched so far afield from fair commerce as to be alienating. This cause sounds like an unbeatable and most sustainable return on investment.
