Jeffrey Sachs Quotes
The time has come to end this charade. The debts are unaffordable. If they won't cancel the debts I would suggest obstruction; you do it yourselves. Africa should say: 'thank you very much but we need this money to meet the needs of children who are dying right now so we will put the debt servicing payments into urgent social investment in health, education, drinking water, control of AIDS and other needs.'
Sachs, Jeffrey. Speech at Jubilee 2000 African Summit, Dakar, Senegal, 11 Dec. 2000.
This quotation illustrates the method by which the Ancient Jews (also modern ultra orthodox Christians and Jews coped with the problem of inequality of wealth and the problem of a permanent poor and debtor class. It was a form of redistribution of wealth. As a practical manner, this passage had a profound influence on the Jewish and early Christian cultures. Namely there was not a great deal of lending or borrowing amongst the Jews. However, Jews were able to obtain repayment for longer than the 7 years if they made a loan to foreigners. The early Christians had the same stricture. So Jews could lend money to Christians and Christians to Jews without being required to forgo collection ever 7th year. So for Christians, Jews were money lenders which is where the Jewish money lender stereotype had its origin.
Jeffrey David Sachs is an American economist, academic, public policy analyst and former director of The Earth Institute at Columbia University, where he holds the title of University Professor. He is known as one of the world's leading experts on sustainable development, economic development, and the fight against poverty.