However, currently we have a democratic deficit reinforced by a toxic media which, as Raoul Martinez, the philosopher, artist, and filmmaker so rightly notes:‘As long as the vast majority of wealth is controlled by a tiny proportion of humanity, democracy will struggle to be little more than a pleasant mask worn by an ugly system.’
The world system is becoming increasingly dysfunctional and one of the chief factors is the erroneous 'government as big household or firm' analogy that is standing the way of public policy and concerted action international needed to address existential systemic challenges.
This propaganda for fiscal conservatism is echoed by the corporate media and enforced globally by Western-led military power.
MMT to the rescue.
The Gower Initiative for Modern Money StudiesThe G7 jolly – a symbol of everything that is wrong with the global economic system.
2 comments:
MMT to the rescue.
Except that if inflation is produced it'll be the non-rich that are taxed since the rich don't consume enough to matter.
So what MMT gives it also may take back, ie. "spend and tax" versus our current "tax and spend", only a marginal improvement.
MMT is merely the final corrupt tweaks to an inherently corrupt and thus inherently unstable money system.
Hint to Tom: Being a bank toadie is not the way forward to justice yet MMT proposes INCREASED (unlimited?) privileges for private banks.
The problem is, the rich has waayyyy too much money. It's reached the point where we've passed any ability to claw it back and create some equality. The system is entirely bought. MMT is not gonna save us.
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