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submitted 1 year ago* (last edited 1 year ago) by davetapley@lemmy.world to c/workreform@lemmy.world

A video explaining modern monetary theory and how with a little Marxism it can benefit everyone.

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[-] Nemo@midwest.social 6 points 1 year ago

Which is bad if you have a lot of money, but not so bad if you have a lot of debt and can still sell your labor and its produce.

[-] cantstopthesignal@sh.itjust.works 5 points 1 year ago* (last edited 1 year ago)

But also bad if you have pay for things like food and shelter. Then you are just bartering which is less efficient than having actual currency. You can't buy or sell someone half a haircut.

[-] unfreeradical@lemmy.world 1 points 1 year ago

If wages rise with inflation, then workers gain relative to those with accumulated fortunes.

this post was submitted on 22 Sep 2023
72 points (81.6% liked)

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