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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If a purported Marxist is advocating for MMT, a non-Marxist concept, either that Marxist is lying or confused. Neither looks good.
Alright, like I said, maybe I need to learn more about MMT, but as I've understood it so far, it's a way of understanding the nuts and bolts of what's actually going on with things like inflation, dollar hegemony, etc. It's not contradicting Marxism at all, just delving into the ridiculous cult-religion of neoliberal economics and attempting to materially explain all those things that are taboo to classic western economists. It's not a refutation of a Marxist concept of economy and it's not advocating for social democracy. Do you think Michael Hudson is lying or do you think he's confused, or is what he talks about not actual MMT?