Don’t know why he wastes time criticizing him since JT doesn’t do anything wrong. Also really funny that him and other commenters are complaining about The Deprogram being like Chapo.

Upon deeper research, it turns out Day used to post on the subreddit to dunk on BadEmpanada, which is funny since Day himself has strong BadEmpanada vibes.

  • commiewithoutorgans [he/him, comrade/them]
    ·
    1 year ago

    What I meant about the describing and prescriptions is this: mmt can describe how money comes into existence in a state-monetary relation. The idea that this has implications beyond is not getting closer to a truth about money but getting further from a truth about production and social reproduction. It may be a proletarian idea, but it's firmly based in a finance-capital world where the root of money is seen as having prescriptions outside of the simple analysis of the goods/services/needs produced, moved, and used.

    MMT can show the absurdity of a rich country not purchasing more for cheap and spreading it out to prevent poverty locally. It still requires a production outside of the money relation though. Coupling these 2 makes it possibly Marxist (or at least connected to materialism) but that is not the focus of MMT research