The religious concept of Jubilee is being bandied about among intellectual types. Debt cancellation in this form is a rational response from a group of organisms seeking to avoid predators.
Jubilee would be an interesting strategy from the Catholic church as well given the power vacuums created by the collective incompetence politicians to contain and repair current economic duress.
Again, organizations with centralized decision making enjoy a premium over more democratic societies in these situations. Unfortunately, tyrants will gain power.