They always talk about scarcity when it comes to explaining the majority has so little. They don't actually care about scarcity when it comes to taking about how the minority has so much.
We don't even need to refute the argument about scarcity, if it is true, and all these things are scarce, then we should be doing all we can to distribute them such that everyone has access, but they don't seem to care about that.
Thanks for this perspective. I’m currently reading Stephanie Kelton’s ‘Deficit Myth’, the principles of which align with what you’re saying here. The concept of state-guaranteed full employment is especially interesting.
I don't know enough about MMT I don't think, it feels like a technocratic solution to a problem that needs less technocracy and more public democratic control. I know they're big proponent's of how it isn't policy it's just a theory of how money actually works, but it naturally drives people towards solutionising it.
Grace Blakeley and Richard Murphy have an interesting exchange about this that's worth a read.
Yes, I’ve followed them both for a while now. I’m told Yanis Varoufakis ‘leans toward’ MMT without accepting all of its tenets. I’m keeping an open mind and seeing how this fits in with UBI (or not). Richard Murphy is not a fan of UBI.
They always talk about scarcity when it comes to explaining the majority has so little. They don't actually care about scarcity when it comes to taking about how the minority has so much.
We don't even need to refute the argument about scarcity, if it is true, and all these things are scarce, then we should be doing all we can to distribute them such that everyone has access, but they don't seem to care about that.
Thanks for this perspective. I’m currently reading Stephanie Kelton’s ‘Deficit Myth’, the principles of which align with what you’re saying here. The concept of state-guaranteed full employment is especially interesting.
I don't know enough about MMT I don't think, it feels like a technocratic solution to a problem that needs less technocracy and more public democratic control. I know they're big proponent's of how it isn't policy it's just a theory of how money actually works, but it naturally drives people towards solutionising it.
Grace Blakeley and Richard Murphy have an interesting exchange about this that's worth a read.
Yes, I’ve followed them both for a while now. I’m told Yanis Varoufakis ‘leans toward’ MMT without accepting all of its tenets. I’m keeping an open mind and seeing how this fits in with UBI (or not). Richard Murphy is not a fan of UBI.