Dude’s an ultra
Bonus: https://nitter.net/uncle_authority/status/1721967810241335347#m
I guess the Deprogram guys are the Three Stooges now? But the joke doesn’t really work
:sadness: I hate it when my dads fight
this is such an annoying thread, every comment is like:
[person not knowing what MMT even is and being wrong]
[someone correcting them with a long effort post]
[the original person seemingly not even having read the reply, repeating the exact same thing they said previously]
its extremely cool that the grade school level "what even is money really?" level of questioning still bamboozles people who have made it through capital.
You think socialism works? Actually, according to Marx you would eventually just run out of gold ingots. :no-choice:
Who is Roderic besides a guy who runs a (admittedly pretty good) blog? Info on the dude is scant online.
What is the difference between a blog and a website at this point for such a site? It rivals Marxism.org but for another goal: making theory easier to read and understand for a population that reads wayyyy too little. It's mostly works from other people with some of Roderic, Nia, and some others original pieces between.
I've also been scared by the fact that there's little about him online, but it makes a bit more sense when you hear he grew up in Peru, studied engineering (computers) in Canada (?) And works there now. It's not like he's gonna have a huge profile in his 20's. He also does lots of work with programming on GitHub, from before he was of redsails fame.
Just dropping in to say, I don't really know what the fuck anyone is talking about here. Some kinda egghead graph brain nerd talk.
I used to think he has good takes until I saw him railing against Modern Monetary Theory (MMT), on Twitter (funnily enough, it is also somehow brought up in the bottom screenshot of this post).
These people think they understand Marxism, yet they don’t even recognize that Stalin’s economic policies were not only strikingly similar to the principles of MMT, but possibly the only time the core principles of MMT has been put into practice.
Why do you think the USSR was the only country that achieved remarkable success in state planning? It was the financial system put into place by Stalin, which was immediately thrown into dustbin as soon as Khrushchev took power. Not even China could achieve that without relying on foreign investments and cheap labor.
I genuinely don't even understand the 'anti-MMT' people. MMT isn't an ideology or a politics - it's just a description of how the monetary policy today functions.
that's not really true, all economics is political and mmt is dripping with reformism trying to solve the problems of capitalism in the sphere of distribution instead of production, it muddles class realities by suggesting that "we" could print money to pay for things that "we" want while nudging class rule and dollar imperialism behind the sofa. marxist spaces are brimming with well-read people whose eyes roll back in their head when someone's naive enough to give mmt a sympathetic treatment, and roderick was channeling that annoyance
similarly he feels confident in taking shots here bc of the sort of ambient skepticism toward hakim's religiosity that others have voiced a thousand times before
his problem is that he's a professional twitter user who doesn't know how to shut up and with only 140 characters he ends up shadowboxing with, like, context that's totally foreign to anyone not already plugged in to the capital d discourse
that's not really true, all economics is political and mmt is dripping with reformism trying to solve the problems of capitalism in the sphere of distribution instead of production
Sometimes some crappy pseudo leftist political parties push it like that but in a marxist context it doesn't have to be.
In the lower phase of socialism you're still gonna have money, and MMT seems to be the most coherent idea on how to handle money, that's it. It's a tool, not an ideology in of itself.
The real problem with MMT isn't that it's reformist, it's that not that many countries today have truly sovereign currencies.
it muddles class realities by suggesting that "we" could print money to pay for things that "we" want while nudging class rule and dollar imperialism behind the sofa.
Can you elaborate? Because this is a very contrived view of MMT, which is essentially just a lens into understanding how money works.
Michael Hudson has written a lot about this in his books Super Imperialism, Killing the Host and Destiny of Civilization.
marxist spaces are brimming with well-read people whose eyes roll back in their head when someone's naive enough to give mmt a sympathetic treatment
You do realize that MMT is derived from Marxism, right?
Michael Hudson is a Marxist. Minsky (Stephanie Kelton’s PhD advisor), whose work formed the foundation of MMT, was a Marxist (confirmed by Hudson).
it's just a description of how the monetary policy today functions.
in the imperial core.
I think the source of arguing over it comes with the territory of whether people are using MMT descriptively or prescriptively.
Have you read the rest? Hakim straight up push proselite shit and suggest islam is somehow uniquely and naturally revolutionary.
It's the dunk tank.
This is where you come to post big-brained hot takes by chuds, libs, or even fellow leftists, and tear them to itty-bitty pieces with precision dunkstrikes.
Rule 1: All posts must include links to the subject matter, and no identifying information should be redacted.
Rule 2: If your source is a reactionary website, please use archive.is instead of linking directly.
Rule 3: No sectarianism.
Rule 4: TERF/SWERFs Not Welcome
Rule 5: No ableism of any kind (that includes stuff like libt*rd)
Rule 6: Do not post fellow hexbears.
Rule 7: Do not individually target other instances' admins or moderators.
Rule 8: The subject of a post cannot be low hanging fruit, that is comments/posts made by a private person that have low amount of upvotes/likes/views. Comments/Posts made on other instances that are accessible from hexbear are an exception to this. Posts that do not meet this requirement can be posted to !shitreactionariessay@lemmygrad.ml
Rule 9: if you post ironic rage bait im going to make a personal visit to your house to make sure you never make this mistake again