Don’t know why he wastes time criticizing him since JT doesn’t do anything wrong. Also really funny that him and other commenters are complaining about The Deprogram being like Chapo.
Upon deeper research, it turns out Day used to post on the subreddit to dunk on BadEmpanada, which is funny since Day himself has strong BadEmpanada vibes.
If a purported Marxist is advocating for MMT, a non-Marxist concept, either that Marxist is lying or confused. Neither looks good.
Alright, like I said, maybe I need to learn more about MMT, but as I’ve understood it so far, it’s a way of understanding the nuts and bolts of what’s actually going on with things like inflation, dollar hegemony, etc. It’s not contradicting Marxism at all, just delving into the ridiculous cult-religion of neoliberal economics and attempting to materially explain all those things that are taboo to classic western economists. It’s not a refutation of a Marxist concept of economy and it’s not advocating for social democracy. Do you think Michael Hudson is lying or do you think he’s confused, or is what he talks about not actual MMT?
