Over the last three decades consumers in the Anglo-American economies have been engulfed by a tidal wave of credit/debt. Now that the tide is going out, poor borrowers and homeowners, small businesses and large, find themselves beached - deserted by bankers; and by the 'guardians of the nation's finances' - i.e. central bank governors and finance ministers. Is it time to call for a Jubilee for poor debtors in rich countries?
Ann Pettifor is executive director of Advocacy International, and the author of 'The coming first world debt crisis' published in 2006. Download and start listening now!