this post was submitted on 22 Sep 2023
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Work Reform

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A video explaining modern monetary theory and how with a little Marxism it can benefit everyone.

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[–] trippingonthewire@lemmy.ml 17 points 2 years ago* (last edited 2 years ago) (1 children)

Interesting take on inflation: One of the big issues is who gets the printed money. Not us. It's the rich and banks, who buyout all of our resources to hurt us.

Example: 2008 recession, government made blackrock, who then ate up the housing market so that no one owns their home yet they WILL be happy.

[–] unfreeradical@lemmy.world 1 points 2 years ago

It could be given either to workers or to oligarchs.

The postwar model was Keynsian, or demand side, meaning the state supported prosperity of workers.

Supply side has only helped oligarchs.

[–] TheBlue22@lemmy.blahaj.zone 13 points 2 years ago* (last edited 2 years ago) (50 children)

Daily reminder that Second Thought (zero Thought) is a genocide defending tankie who ideologically supports ruzzia. https://youtu.be/4qIDOx-Pnzo?si=Bwf2tvCRKgM68FKL

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[–] davetapley@lemmy.world 4 points 2 years ago* (last edited 2 years ago) (1 children)

This other video at 29:43 also blew my mind, I just never thought about tax in that way, and it's embarrassing.

[–] Nemo@midwest.social 3 points 2 years ago (1 children)

Summary for the video-impaired?

[–] agarorn@feddit.de 12 points 2 years ago (2 children)

Basic mmt with a socialist touch.

Debt just means that the government decides to make something happen. It is neither inherently good or bad. It depends on the context. The biggest opponents are capitalist who want to stop good things from happening as this will reduce their profit. E. G. : more public housing would destroy the business case of landlords.

[–] davetapley@lemmy.world 4 points 2 years ago (1 children)

Amazing summary, and I'm glad you mentioned landlords. I am having such a struggle lately when people tell me about their 'side hustle' as a landlord, and how they make so much passive income. I just wanna scream "so you feel good about making money doing basically nothing while there are so many people unsheltered, and living paycheck to paycheck?".

[–] NightAuthor@lemmy.world 3 points 2 years ago

It’s hard to have true empathy for something you have no real concept of.

[–] unfreeradical@lemmy.world 1 points 2 years ago* (last edited 2 years ago)

Capitalists absolutely love government debt, because it provides a vehicle for safe investment.

They bellyache about debt to bolster the austerity narrative that they use against public spending supporting working class interests.

[–] Franzia@lemmy.blahaj.zone 4 points 2 years ago (1 children)

Never support Second Thought. If you wanna learn about monetary theory and marxism go watch Unlearning Economics.

[–] davetapley@lemmy.world 1 points 2 years ago (1 children)
[–] Franzia@lemmy.blahaj.zone 1 points 2 years ago (2 children)

He's a crypto tankie like he genuinely supports bonkers evil regimes and has anti-democratic beliefs but hides it in his main channel videos.

[–] davetapley@lemmy.world 2 points 2 years ago (1 children)

Dare I ask where he is hiding this, and what bonkers evil regimes you are referring to?

[–] unfreeradical@lemmy.world 2 points 2 years ago* (last edited 2 years ago)

It is being claimed that JT, the creator of ST, supports Putin, due to JT's view that the US and other NATO-aligned states militarily supporting Ukraine broadly serves to exacerbate the same trajectory of geopolitical tension that has helped enable Putin's aggression.

JT has called for NATO weakening ties with Ukraine, and reversing its course of expansion, as part of a process for seeking stronger diplomacy between the West and Russia.

I believe he regards such a strategy as best supporting the long term interests of mitigating the incidence of armed conflict and gaining power for the working class internationally.

He has also criticized Ukrainian elites as prioritizing their own class interests aligned with foreign oligarchs, above the broader interests of the working class in Ukraine and elsewhere.

Much of JT's rhetoric and many of his connections are ML, which has not helped him reach common ground with many outside such circles.

[–] unfreeradical@lemmy.world 1 points 2 years ago* (last edited 2 years ago)

He advertises his other channels within his segments on ST.

If he is trying to keep them hidden, then his strategy is extremely ill conceived.

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