AudioRoundTable.com: Dungeon » Modern Monetary Theory

Home » xyzzy » Dungeon » Modern Monetary Theory (or, how I stopped worrying about the natl debt.)

Show: Today's Messages :: Navigator :: Polls
E-mail to friend

Re: Modern Monetary Theory [message #98369 is a reply to message #98345]

Fri, 14 March 2025 06:44

Rusty
Messages: 1289
Registered: May 2018
Location: Kansas City Missouri

Illuminati (3rd Degree)

Neoliberalism and a healthy population are incompatible. It's true. All countries following the neoliberal doctrine, the G7 are having issues now. Margaret Thatcher's quote from the 80's, "There is no alternative" echo's still throughout these country's as their quality of life is structured by the gulf between those in the top tiers to those floundering heavily towards the bottom.

The main aspect of decline is attributable to the abandonment of industry and manufacturing to the financialization of the economy leading to privatizing key sectors of society once subsidized by government to make the cost of living low to benefit competitiveness of both industry and manufacturing.

Financialization leads to predatory and parasitic economic activity at the expense of the working class. Monopolization erodes innovation and competition.
Society becomes polarized and government reflects that by being ineffective and stuck in stalemate through influences of wealth maintaining the avenues to campaign finance.

This new administration is attempting to forcing other members of the neoliberal collective into abiding to our hegemony of dominance through tariffs while carrying out a continued foreign policy based on creating foes in the world that require the need of controlling through our dollar world currency advantage with sanctioning and through the military complex as the last vestige of heavy industry kept intact. Though the most expensive and recently realized no more effective to other military's in the world.

None of this is effective or beneficial for long term stability. But merely a function of the same outcome with what the neoliberal doctrine has brought forth. The concentration of wealth throughout human history has always led to unrest and dysfunction of societies. It has to be held in check for its unhealthy excesses We all share this world together so we have to cooperate and share resources for the best advantage for all. No one country has a right to determine the outcome of how that can be managed.

https://www.taxresearch.org.uk/Blog/2025/03/12/neoliberalism-and-a-healthy-population-are-incompatible/

https://geopoliticaleconomy.com/2025/03/13/us-top-weapons-exports-china-russia/

Report message to a moderator

Re: Modern Monetary Theory [message #98401 is a reply to message #98369]

Mon, 31 March 2025 09:13

Rusty
Messages: 1289
Registered: May 2018
Location: Kansas City Missouri

Illuminati (3rd Degree)

Who carries the economy now? The rich! At no other time since record keeping for such a metric. The richest 10% account for 49.7% of consumer spending. People 250K and above.
The inevitable outcome of neoliberalism. Hollowing out the middle class, tax breaks for the wealthy and shouldered by the 90%. Social services eroded. Stagnated income levels.

Purchasing power by the lower 90% has been halved since 1968. More income now is used for debt servicing than consumerism. That's now taken up by the upper 10%. Who have the luxury of investment and realize greater unearned income from it.

We all inherently feel this degradation. Most though don't know why. It just the lay of the land. Maybe Trump's hacking away at federal agencies will filter down to us eh? Not! Maybe his tariffs will inspire manufacturing again. Don't hold yer breath. But, there's good jobs in the defense industry. If you're a lucky working stiff. Our last vestige of industry. That our near one trillion defense bill pays for. Why is it called the Department of Defense when it's used offensively? All over this world.

Bill Mitchell, the principal author of the Modern Monetary Workbook explains it well for we lay people.

https://billmitchell.org/blog/?p=62461

Report message to a moderator

Pages (22): [ « ‹ 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22]

Previous Topic:	Prayers for Israel
Next Topic:	Ukraine

Goto Forum:

-=] Back to Top [=-

[ Syndicate this forum (XML) ] [

] [

]

Current Time: Tue Apr 01 09:08:08 CDT 2025