121

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

you are viewing a single comment's thread
view the rest of the comments
[-] cleoburymortimer@hexbear.net 22 points 10 months ago* (last edited 10 months ago)

JT's argument is that MMT would work in the US if used to build socialism

How is this squared with the fact that the fed's ability to print unlimited funding is a result of financial imperialism? You can't dismantle the master's house using the master's tools. The US has to be dismantled and something else put in its place before we can ever talk about building socialism in North America.

[-] space_comrade@hexbear.net 16 points 10 months ago* (last edited 10 months ago)

Even better IMO. If you dismantle financial imperialism you also make room for MMT to work for smaller countries too.

MMT isn't social imperialism where one country gets rich on the backs of others, it's about efficiently allocating labor and resources within a country.

[-] Kaplya@hexbear.net 14 points 10 months ago* (last edited 10 months ago)

Read my comment here.

Most people are confused by the Fed printing money and dollar hegemony. They are two separate issues. As Michael Hudson put in very succinctly, the US treasuries simply act as a vehicle to absorb the excess dollars spent overseas. It has little to do with the ability of US government to finance free healthcare domestically.

this post was submitted on 08 Nov 2023
121 points (99.2% liked)

the_dunk_tank

15866 readers
349 users here now

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.

Rule 1: All posts must include links to the subject matter, and no identifying information should be redacted.

Rule 2: If your source is a reactionary website, please use archive.is instead of linking directly.

Rule 3: No sectarianism.

Rule 4: TERF/SWERFs Not Welcome

Rule 5: No ableism of any kind (that includes stuff like libt*rd)

Rule 6: Do not post fellow hexbears.

Rule 7: Do not individually target other instances' admins or moderators.

Rule 8: The subject of a post cannot be low hanging fruit, that is comments/posts made by a private person that have low amount of upvotes/likes/views. Comments/Posts made on other instances that are accessible from hexbear are an exception to this. Posts that do not meet this requirement can be posted to !shitreactionariessay@lemmygrad.ml

Rule 9: if you post ironic rage bait im going to make a personal visit to your house to make sure you never make this mistake again

founded 4 years ago
MODERATORS