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.
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Sunday, February 19, 2012
The 99% Declaration
THERE IS A SOLUTION!
BE IT RESOLVED THAT WE, THE NINETY-NINE PERCENT OF THE PEOPLE of the UNITED STATES OF AMERICA, in order to form a more perfect Union, by, for and of the People, shall elect Delegates in the spring of 2012, and convene a NATIONAL GENERAL ASSEMBLY the week of July 4, 2012 in the City Of Philadelphia to prepare and ratify a PETITION FOR A REDRESS OF GRIEVANCES on behalf of the Ninety-Nine Percent of the People of the United States to be served upon the United States Congress, United States Supreme Court and President of the United States prior to November 6, 2012.
These people need some serious help. Maybe David Graeber could be the one to clue them in. He is one of the original leaders of Occupy. The MMT economists need to sit down with him and work something out before progressives self-sabotage.
A good start but the implicit assumptions in everything from student loan debt refinancing to ending outsourcing aren't exactly revolutionary rejections of the Harvard neo-lib model. They clearly don't understand the power of government and democracy in creating the rules of the game. But at least they are giving it a go.
TB, I think that a large part of the problem also lies with those who do realize this and are afraid of that power, or afraid it will be misused if let out of the bottle. This is a problem that besets anarchists of both right and left.
That's exciting. I might put my name in to be a delegate.
ReplyDeleteBut I think Bill Black would be an awesome representative of the MMT perspective, rounded by his experience in prosecuting banksters.
First thing that catches my eye is #8, debt reduction. Aaargh ! ! !
ReplyDelete@ Dan
ReplyDeleteThese people need some serious help. Maybe David Graeber could be the one to clue them in. He is one of the original leaders of Occupy. The MMT economists need to sit down with him and work something out before progressives self-sabotage.
A good start but the implicit assumptions in everything from student loan debt refinancing to ending outsourcing aren't exactly revolutionary rejections of the Harvard neo-lib model. They clearly don't understand the power of government and democracy in creating the rules of the game. But at least they are giving it a go.
ReplyDeleteTB, I think that a large part of the problem also lies with those who do realize this and are afraid of that power, or afraid it will be misused if let out of the bottle. This is a problem that besets anarchists of both right and left.
ReplyDeleteWhat some of us see as Alladin's lamp, others see as Pandora's box.