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:
Never thought I’d see self-proclaimed Marxists regurgitating Chicago school neoclassical myth.
Then again, maybe not that surprising after all.
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.
MMT as it has been presented to me is missing class analysis and seems like liberals trying to do anything besides marxism.
i'd prefer it to the current regime but it's incomplete like newtonian physics.
MMT isn't an ideology, it's a theory of how money works, and the fundamental assumptions are absolutely compatible with marxist thought. There are caveats to it and it absolutely could be misused by a liberal state but it could also be used to build socialism in its early stages. You're not going to be able to get rid of money immediately, you need a transitional model, MMT could be that model.
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.
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