The UK Guardian Editorial ran a sub-header yesterday (January 21, 2018) “Democracies will fall under the spell of populists like Donald Trump if they fail to deal with the fallout of globalisation?”, which I thought reflected the misunderstandings that so-called progressive have about ‘globalisation’ and its impacts on the capacities of the sovereign state. The UK Guardian Editorial was responding to the release of the latest Oxfam report (released January 16, 2018) – An Economy for the 99%: It’s time to build a human economy that benefits everyone, not just the privileged few – timed to coincide with the gathering of “billionaires and corporate executives” at Davos this week. The Oxfam report reveals further staggering shifts in inequality across the globe, that the GFC barely interrupted. A major shift in political sentiment on the Left is needed to arrest these trends before they break out in destructive social instability....Bill Mitchell – billy blog
The GFC only temporarily interrupted the trend towards rising inequalityBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
Also
Logo competition
I am launching a competition among budding graphical designers out there to design a logo and branding for the MMT University, which we hope will start offering courses in October 2018.
The prize for the best logo will be personal status only and the knowledge that you are helping a worthwhile (not-for-profit) endeavour.
The conditions are simple.
Submit your design to me via E-mail.
A small group of unnamed panelists will select the preferred logo. We might not select any of those submitted.
It should be predominantly blue in colour scheme. It should include a stand-alone logo and a banner to head the WWW presence.
By submitting it you forgo any commercial rights to the logo and branding. In turn, we will only use the work for the MMT University initiative. It will be a truly open source contribution.
The contest closes at the end of March 2018.
“We should start with an education program, which would include the understanding that governments that issue their own currency and can never run out of money and can always use their unlimited financial resources to purchase anything that is for sale in its own currency at any time it likes, including the labour services of the unemployed labour
ReplyDeleteThen the morons say “What about inflation?!?!”
(Meanwhile, mind you, not even Jent Yellen knows what “inflation!” is....)
And MMT engages this “do you still beat your wife?” type question and is dead right there..