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A large collection of examples demonstrating the #MMT view of class conflict/class struggle, and where specifically MMT addresses it.
[THREAD v.1]
(With thanks to many.)
https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">
[THREAD v.1]
(With thanks to many.)
From a 2019 post by Australian economics professor Bill Mitchell ( @billy_blog) ( https://bilbo.economicoutlook.net/blog/... class="Emoji" style="height:16px;" src=" " title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="👆" title="Rückhand Zeigefinger nach oben" aria-label="Emoji: Rückhand Zeigefinger nach oben">From a 2019 post by Australian economics professor Bill Mitchell ( @billy_blog) ( https://bilbo.economicoutlook.net/blog/... class="Emoji" style="height:16px;" src=" ">
From a 2019 post by Australian economics professor Bill Mitchell ( @billy_blog) ( https://bilbo.economicoutlook.net/blog/... class="Emoji" style="height:16px;" src=" " title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="👆" title="Rückhand Zeigefinger nach oben" aria-label="Emoji: Rückhand Zeigefinger nach oben">From a 2019 post by Australian economics professor Bill Mitchell ( @billy_blog) ( https://bilbo.economicoutlook.net/blog/... class="Emoji" style="height:16px;" src=" ">
"...the origins of money are to be found in the origins of inequality..."
2015 paper by Randy Wray and Alla Semenova ( https://www.levyinstitute.org/publicati... "...the origins of money are to be found in the origins of inequality..."https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">" title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="👆" title="Rückhand Zeigefinger nach oben" aria-label="Emoji: Rückhand Zeigefinger nach oben">2015 paper by Randy Wray and Alla Semenova ( https://www.levyinstitute.org/publicati... "...the origins of money are to be found in the origins of inequality..."https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">" class="img-responsive" style="max-width:100%;"/>
"we cast inflation within the general distributional struggle or conflict that is characteristic of capatalist economies, between workers seeking to achieve a higher wage & firms seeking to raise their profit rate."
Another: The intro to chap 17: "Unemployment & Inflation.""we cast inflation within the general distributional struggle or conflict that is characteristic of capatalist economies, between workers seeking to achieve a higher wage & firms seeking to raise their profit rate."https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">" title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="👆" title="Rückhand Zeigefinger nach oben" aria-label="Emoji: Rückhand Zeigefinger nach oben">Another: The intro to chap 17: "Unemployment & Inflation.""we cast inflation within the general distributional struggle or conflict that is characteristic of capatalist economies, between workers seeking to achieve a higher wage & firms seeking to raise their profit rate."https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">" class="img-responsive" style="max-width:100%;"/>
“Any private operators who cannot “afford” to pay the minimum should exit the economy.”
The JG empowers workers, which by its nature is a strike against those who wish to disempower them.
From @billy_blog: http://bilbo.economicoutlook.net/blog/?p=23719 ">https://bilbo.economicoutlook.net/blog/...
Finally, the #MMT-designed job guarantee.“Any private operators who cannot “afford” to pay the minimum should exit the economy.”The JG empowers workers, which by its nature is a strike against those who wish to disempower them.From @billy_blog: https://bilbo.economicoutlook.net/blog/... https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">" title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="👆" title="Rückhand Zeigefinger nach oben" aria-label="Emoji: Rückhand Zeigefinger nach oben">Finally, the #MMT-designed job guarantee.“Any private operators who cannot “afford” to pay the minimum should exit the economy.”The JG empowers workers, which by its nature is a strike against those who wish to disempower them.From @billy_blog: https://bilbo.economicoutlook.net/blog/... https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">" class="img-responsive" style="max-width:100%;"/>
If there’s always a living-wage-benefits job available, then there is less fear stopping those workers from standing up and demanding better. From @StephanieKelton’s The Deficit Myth:
"MMT fights involuntary unemployment by eliminating it."If there’s always a living-wage-benefits job available, then there is less fear stopping those workers from standing up and demanding better. From @StephanieKelton’s The Deficit Myth:https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">" title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="👆" title="Rückhand Zeigefinger nach oben" aria-label="Emoji: Rückhand Zeigefinger nach oben">"MMT fights involuntary unemployment by eliminating it."If there’s always a living-wage-benefits job available, then there is less fear stopping those workers from standing up and demanding better. From @StephanieKelton’s The Deficit Myth:https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">" class="img-responsive" style="max-width:100%;"/>
The JG would END poverty caused by inequal, or *no*, income. It means that, relatively speaking, millions upon millions would suddenly be much wealthier (and conversely, not desperate). That’s quite a big strike against those who benefit from poverty and unemployment.https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">" title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="👆" title="Rückhand Zeigefinger nach oben" aria-label="Emoji: Rückhand Zeigefinger nach oben">The JG would END poverty caused by inequal, or *no*, income. It means that, relatively speaking, millions upon millions would suddenly be much wealthier (and conversely, not desperate). That’s quite a big strike against those who benefit from poverty and unemployment.https://abs.twimg.com/emoji/v2/... draggable="false" alt="👇" title="Rückhand Zeigefinger nach unten" aria-label="Emoji: Rückhand Zeigefinger nach unten">" class="img-responsive" style="max-width:100%;"/>
The only thing scarier to a rich person than
“You want to take my money to pay for your stuff!!!”
is
“Wait. You don’t NEED to take my money to pay for your stuff???”
MMT renders the rich IRRELEVANT.
The biggest statement of all made by MMT on class conflict, is the very existence of MMT.
/end From https://www.govtrack.us/congress/bills/116/sres182/text">https://www.govtrack.us/congress/...
MMT has, and will always, receive massive resistance from people in power & their economists. It will always receive support from many average people. The biggest statement of all made by MMT on class conflict, is the very existence of MMT./end From https://www.govtrack.us/congress/..." title="https://abs.twimg.com/emoji/v2/... draggable="false" alt="👆" title="Rückhand Zeigefinger nach oben" aria-label="Emoji: Rückhand Zeigefinger nach oben">MMT has, and will always, receive massive resistance from people in power & their economists. It will always receive support from many average people. The biggest statement of all made by MMT on class conflict, is the very existence of MMT./end From https://www.govtrack.us/congress/..." class="img-responsive" style="max-width:100%;"/>
