Consecrate the fiftieth year and proclaim liberty throughout the land to all its inhabitants. It shall be a jubilee for you; each of you is to return to your family property and to your own clan. Leviticus 25:10
“Here, if ever, is the ultimate relativization of private property. On average, each person or family had at least a once-in-a-lifetime chance to start afresh, no matter how irresponsibly they had handled their finances or how far into debt they had fallen…
The possibility that Jubilee was rarely, if ever, implemented makes it no less God’s will for Old Testament times. While not applicable in all its detail to Christians in the New Testament age, New Testament allusions to the Jubilee (especially 4:16-21) demonstrate that certain principles underlying this legislation still remain in force, and these principles challenge all major economic models…
It supports the family, unites worship and social concern, and reminds one that ultimately all property belongs to the Lord. The principles of the sabbatical year and Jubilee further stress the major threat to social good that debt creates, a threat which remains at least as insidious today.”
Craig L. Blomberg in Neither Poverty Nor Riches: A Biblical Theology of Possessions (NSBT 7; Downers Grove: IVP, 1999) 45-46.
It’s been great to see Craig Blomberg at IBR/SBL this weekend. So, in thinking about the function of Jubilee, I determined get his perspective on it in his classic biblical theology on possessions. He does not disappoint. He cuts right to the heart of the matter: debt seeks to keep people in perpetual slavery and Jubilee aims to set them free.
Let’s lean into two specific things he says.
Firstly, he states that “certain principles underlying this legislation still remain in force” for us today. Did you hear that? Numerous NT texts call us to let go of possessions. Why? At the heart of the matter, the wealth is not ours but meant for the use of all. No wonder we are called to handle wealth so differently from the world around us.
Secondly, he adds that “these principles challenge all major economic models.” In plain terms, Blomberg reminds us that the Jubilee declared by Jesus rocks the financial world of everyone, everywhere. My advice in response: don’t try to fit Jesus into capitalism, socialism, communism or any other model. He won’t fit.
The generosity of Jesus only makes sense when we realize that he released us from our debts and wants us to claim nothing as our own but rather to release others for His service. So, as you think of things you are thankful for this thanksgiving, give thanks that Jesus released you from debt and resources you to bless others.
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