In the Red – Issue 4

Issue 4 of the official publication brought to you by the Debt Collective. The Debt Collective has its roots in the Occupy Wall Street movement. In 2012, some of the founders of the Debt Collective helped write the Debt Resisters’ Operations Manual and launch the Rolling Jubilee, a mechanism for purchasing portfolios of people’s debt on secondary debt markets — and cancelling it. Using crowdfunded donations, the Rolling Jubilee abolished more than $32 million of medical, student, payday loan, and probation debt. We then collaborated with the New Economy Project to ensure that 120,000 judgement debts — worth $800 million — were forfeited and retired as part of a legal case.