the_dunk_tank
It's the dunk tank.
This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.
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I don’t think it’s necessarily a Marxist or nonMarxist concept. It basically just points out a huge flaw in the popular understanding of how capitalist economies function. And when you pull on that thread enough it reveals that they’re all predicated on lies. Which in turn reveals the fundamental truth of Marxist class analysis. At least if you’re open to those ideas. I think MMT is fine in that regard, and because it’s never going to be implemented within capitalist governments, it’s useful more as rhetoric than as an actual strategy for change. But I dunno. I’m not into MMT enough to know all the ins and outs.
mmt is beloved by socdems because the implication is usually that we can use the money printer to pay for social programs. and that's an infant leftist fantasy because there's no real democratic control over government spending in the first place. the ruling class isn't going to hand out free money to the rabble for no reason, they're going to enrich themselves. at best you'll get tax cuts for homeowners or something, paid for by dollar imperialism. roderick is right.
Yeah, that's kind of what I was getting at. I don't think MMT is necessarily wrong about how money works on a certain technical level. It's just that capitalist states depend on myths about money that are contrary to MMT. So yes, MMT within these states is a fantasy that will never come to be. But understanding why this is the case can be on on-ramp to Marxism for the curious baby leftist.