It is the ancient Hebrew tradition of seeking the equalisation of land, property and ownership rights through seven cycles of "sabbatical years".
This biblical jubilee also shaped the commitment of Jesus and the early Christians to stand alongside the poor and dispossessed, rather than with the representatives of empire. "Remit our debts, as we remit the debts of others" is at the core of what we call the Lord's prayer. The phrase was later sanitised into "forgive us our sins", in order to turn wrongdoing into a purely personal matter removed from the harsh realities of economic and political injustice.
Let's reclaim the jubilee
The word is synonymous now with a pageant of privilege. But its ancient meaning is radical
Simon Barrow - Guardian 03/50/2012