An economics, investment, trading and policy blog with a focus on Modern Monetary Theory (MMT). We seek the truth, avoid the mainstream and are virulently anti-neoliberalism.
Work is another of those Humpty Dumpty words. So let’s clarify what work is and what it should be.
"Parasite economy" gives the illusion that guaranteed jobs and living wages would solve all our problems. Unfortunately the real parasite ecocomy is entrenched in every aspect of our society from government to corporate industry (medical, insurance, pharma, food, energy, etc.) to "financial services". The concept is the very foundation for "success" in capitalism. Anything that detracts from profit in any way is to be reduced or eliminated.The difference between a parasite economy and a real parasite is that a tapeworm won't kill it's host.
I think Neil Wilson is brilliant. And clear-headed.
Work is any activity that will enable you to survive another day.
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