[Marxism] Behind the Money Curtain: A Left Take on Taxes, Spending and Modern Monetary Theory - CounterPunch.org

Daniel Lindvall daniel.lindvall at filmint.nu
Fri Feb 14 08:58:01 MST 2020


Btw, this all makes the Corbyn debacle doubly sad. If a second wave of social democratic/welfare capitalist reforms were thinkable at all, then surely a situation where Corbyn led the UK and Sanders the US simultaneously would have been that moment of possibility.

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> I’m sorry, I must be expressing myself very clumsily, English after all is not my first language. My question was purely about campaign strategy, I get the rest of it. But it’s not like a candidate is going to get around the screams of ”inflation, inflation, inflation”, so how could s/he get around discussing higher taxes as part of what is needed to curb it eventually? I can’t see that question going away until x years later when people see the great new infrastructure. Just as ruling class resistance via financial warfare won’t go away just because many of them understand that their purported theory defending this warfare (”budget balance” etc) is a crappy excuse.
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> I hope to be proven wrong and I support any serious attempt at pushing through real reforms, but I can’t see it happen without a mass movement threatening the hell out of the ruling class. The limited (in time and space) successes of social democracy after all came about through an almost perfect storm: a vibrant labour movement, a successful revolution in a major country that threatened to spread, two world wars and a depression within the space of 30 years destroying massive amounts of capital, the war economy and the collective effort needed to win the war, and on top of that took place in countries that benefited from centuries of globally highly uneven industrialization ultimately fed by the spoils of colonialism. 
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