Dude’s an ultra
Bonus: https://nitter.net/uncle_authority/status/1721967810241335347#m
I guess the Deprogram guys are the Three Stooges now? But the joke doesn’t really work
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Dude’s an ultra
Bonus: https://nitter.net/uncle_authority/status/1721967810241335347#m
I guess the Deprogram guys are the Three Stooges now? But the joke doesn’t really work
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Sometimes some crappy pseudo leftist political parties push it like that but in a marxist context it doesn't have to be.
In the lower phase of socialism you're still gonna have money, and MMT seems to be the most coherent idea on how to handle money, that's it. It's a tool, not an ideology in of itself.
The real problem with MMT isn't that it's reformist, it's that not that many countries today have truly sovereign currencies.
Can you elaborate? Because this is a very contrived view of MMT, which is essentially just a lens into understanding how money works.
Michael Hudson has written a lot about this in his books Super Imperialism, Killing the Host and Destiny of Civilization.
You do realize that MMT is derived from Marxism, right?
Michael Hudson is a Marxist. Minsky (Stephanie Kelton’s PhD advisor), whose work formed the foundation of MMT, was a Marxist (confirmed by Hudson).
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Exactly, MMT is Keynesianism for the 21st century.
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Yeah and the critiques amount to "austerity politics is stupid, causes recessions, is simply capital inflicting wounds on itself, the government should spend money and it would be better for everyone", without thinking about why austerity makes sense to capital. Keynesianism rebranded for the 21st century
https://thenextrecession.wordpress.com/2017/07/13/will-reversing-austerity-end-the-depression/