• 0 Posts
  • 36 Comments
Joined 11 months ago
cake
Cake day: December 25th, 2023

help-circle



  • pearable@lemmy.mltoMemes@lemmy.mlthe debt
    link
    fedilink
    arrow-up
    2
    ·
    edit-2
    5 months ago

    That sort of thing can happen in extreme situations. Zimbabwe and Weimar Germany are the most prominent examples. Both examples involved not having enough stuff. When there aren’t enough necessary goods to buy and people have plenty of money you’re going to get inflation. Using the right combo of subsidies, government run production, purchase quantity limits, reserves, vouchers, and price fixing you can ensure the supply is stable and eliminate inflation even if there’s lots of money.

    That’s true. That happens because people are stuck in the narrative of the government needing a balanced budget, just like a household. It also happens because the owners and the corpos use all their money and power to ensure workers pay taxes and thus decrease worker money and power.

    Yeah, if the population was educated on MMT the ability to bring corpos to heel would be significantly increased. People arguing for it are fundamentally arguing for a change in how we think about money.









  • The original definition is a community where private property is not a thing. Private property is when an individual can control the land, tools, and knowledge people need to survive. Private property is factories, not your toothbrush.

    Most pro USSR, PRC, or Cuba leftists believe those countries governments controlling all or the vast majority of private property constitutes communism. Some think these countries are socialist and working their way to communism.

    Many anti-communist people don’t really understand how these countries work specifically. All their ideas of what communism is are based on how they view the above communist countries.

    Finally right wingers will describe California as communist because they have social programs and higher taxes than some states. Basically if the government is intervening in the market by supplying a service or good directly to a citizen that’s communism.

    From what I’ve observed most people lie somewhere on this spectrum of definition.