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this post was submitted on 23 Sep 2023
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the_dunk_tank
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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've been saying this for a while. If a country does not have a highly sovereign project or the ability to influence things such as credit ratings agencies, implementing MMT and printing money is a recipe for credit ratings downgrades, investment withdrawal, sanctions and hyperinflation/currency devaluation. And most countries in the global south do not have a sovereign project or have even begun the process of delinking from the imperial core. Even those in the global south that view MMT as a viable economic strategy place huge emphasis on delinking in order to solve the problem of sovereignty.
Look what happened when the MMT proponents got ahold of things in Greece. It failed rather quickly and buckled back into neoliberal economics because Greece has no sovereignty, it's an EU vassal