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.
he’s aware that MMT would have severe limitations in a capitalist state
MMT is only coherent under a capitalist state. It’s incoherent under a communist state, a communist state doesn’t have monetary theory or money. A socialist transition state, ie. a dictatorship of the proletariat should be more concerned with the final outcomes of social policies and less concerned with costs and money printing, increasing planned portions of the economy when possible.
So basically… it’s either incoherent or extremely limited and reformist and we should move past it very rapidly in a dictatorship of the proletariat in a modern capitalist state that doesn’t have to build productive forces or bide time. OK, I’m not really that interested.
ie. a dictatorship of the proletariat should be more concerned with the final outcomes of social policies and less concerned with costs and money printing, increasing planned portions of the economy when possible.
I don’t really see how MMT by itself goes against this. As I see it MMT would just be a framework for how you’re allocating physical resources, I don’t see how it’d stop you from implementing good social policies in a socialist country.
Also how would a transition period look like according to you before you can actually implement a planned economy?
