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This is an era of struggle over the commanding heights of the economy: money and investment along with the intellectual hegemony that conditions political thought. It is a matter of life & death for millions. It determine whether entire communities can live with dignity & thrive
For this reason, any left that believes that deficits, or Federal spending not offset by equivalent taxes, is inherently inflationary or that balancing public budgets is a coherent position, is compromising on their principles and the possibility for authentic radical changes
Our martial conditions hinge on our capacity to leverage thought and action onto the structure of governance and thus how and for what purposes we decide to mobilize the social provisioning of resources. Public spending on justice based democratic terms disrupts oligarchic power
Money politics and the discursive coordinates it generates is about power over the quality of our society. A movement that stands against the violent excesses of Capitalism must create and “afford” new social forms that no longer depend on conventional economic and social logic
And this is utterly impossible under the narrowness of conventional tax in order to spend framing even when portraying itself as antagonistic to elites. We can not rely on redistributing “wealth” as it exists but must totally rethink social wealth and cultivate alternatives
Lastly, taxing elites is important but insufficient. We need to restructure corporate governance and firms towards increased worker control and participation. We need to ban predatory finance. We need to dismantle the PIC and we need to replace the fossil fuel industry
This is what #LeftMMT means to me and my comrades
