Post #3456391
2026-06-28 18:04 UTC
An epiphany I've had about reconciling MMT (which is simply a description of how fiat money works) and the way most orthodox economists, politicians, the mainstream (corporate) press, and indeed the popular culture view the finances of a sovereign nation's national government....
Finance and money are technical reflections of real world power and control in terms of people's behaviour, collectively. It is useful to powerful people if we only think in terms of finance and not sovereign power.
Replies (1)
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@virtuous_sloth@cosocial.ca 2026-06-28 18:19
The goal of neoliberalism is to convince most people that they simply must defer to the market. As an individual, it obviously makes sense when living in a capitalistic society; it's just practical and pragmatic. But doing so at a national government level is just insane. We are in control, we decide. That's why the rich are terrified of democratic socialism. That's what happens when we understand our actual power.