Don’t know why he wastes time criticizing him since JT doesn’t do anything wrong. Also really funny that him and other commenters are complaining about The Deprogram being like Chapo.
Upon deeper research, it turns out Day used to post on the subreddit to dunk on BadEmpanada, which is funny since Day himself has strong BadEmpanada vibes.
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.