@tracyalloway @bronwynwilliams Come on Tracy, I know you are skeptical about MMT, which is fine/healthy in general but you should be better informed now than in March 2019 to RT your original post. Here is a quick thread:
1/ See Odd Lots with @tracyalloway & @TheStalwart: bloomberg.com/news/articles/…
@tracyalloway @bronwynwilliams @TheStalwart 2/ My more recent framing of MMT in the Global South:
3/ A recent open letter on African Economic & Monetary Sovereignty signed by 100s of scholars/activists (many from the Global South): MES-Africa.org via @Mon_Sovereignty
@tracyalloway @bronwynwilliams @TheStalwart @Mon_Sovereignty 4/ My recent work on a Global Green New Deal framework with Colonial/post-colonial and climate reparations: realprogressives.org/podcast_episod…
5/ Monetary Sovereignty is not something you declare politically, it's something you acquire via strategic policies
@tracyalloway @bronwynwilliams @TheStalwart @Mon_Sovereignty 6/ Reserve currency countries have higher degrees of monetary sovereignty, thus more fiscal spending capacity
7/ Developing countries can acquire more fiscal spending capacity but it cannot happen under the current policy framework. MMT offers a practical alternative
@tracyalloway @bronwynwilliams @TheStalwart @Mon_Sovereignty 8/ MMTers in the Global South are not waiting for permission from the US empire to build more resilience & acquire higher levels of economic and monetary sovereignty. It's interesting that MMT critics have no "plan to help" and offer no alternative, which means they've given up!?
@tracyalloway @bronwynwilliams @TheStalwart @Mon_Sovereignty 9/ Spending capacity is limited by the risk of inflation, which comes from a/ limited productive capacity (good news it's producible with strategic planning), and b/ abusive market power/corruption (which must be taxed/regulated out of existence via the democratic process).
@tracyalloway @bronwynwilliams @TheStalwart @Mon_Sovereignty 10/ So we have our work cut out for us on fighting corruption, democratizing strategic markets, building (sustainable) food sovereignty, (renewable) energy sovereignty, high-value added industrial development, etc... You're welcome to join the struggle. We can't afford to wait.

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More from @FadhelKaboub

Dec 14, 2023
My comments on #COP28    via African Arguments 👇🏾

🧵 1/n

Fadhel Kaboub: The ultimate demonstration of Global North hypocrisy

africanarguments.org/2023/12/views-…
Image
Using the weakest possible language of “transitioning away from fossil fuels” while most rich countries plan to spend billions of dollars building new fossil fuel infrastructure, ...

2/n
africanarguments.org/2023/12/views-…
... avoiding the financial responsibility to finance a just transition for developing countries, is the ultimate demonstration of Global North hypocrisy.

3/n
africanarguments.org/2023/12/views-…
Read 8 tweets
Dec 2, 2023
Climate finance expert Dr Fadhel Kaboub, economics prof @DenisonU & president @GISP_Tweets, agreed with Mr Adow, saying “we find false solutions proposed in the Nairobi declaration like carbon markets which simply amount to cheap pollution permits...

1/n

nation.africa/kenya/news/ken…
Image
... cheap pollution permits for global north historic polluters who can pass on the cost of the permits to their customers (many of whom are in the global south), displace farmers and indigenous communities, enrich speculators and middlemen, ...

2/n

nation.africa/kenya/news/ken…
.... and continue polluting while offering crumbs as climate finance.”

Dr Kaboub said he expects African leaders to state the facts: “Africa is owed a climate debt by the historic polluters. ...

3/n

nation.africa/kenya/news/ken…
Read 5 tweets
Nov 28, 2023
"In a way, this is not surprising," Fadhel Kaboub, a senior advisor with Power Shift Africa, and the president of the Global Institute for Sustainable Prosperity told Middle East Eye @MiddleEastEye.

🧵 1/n

middleeasteye.net/news/cop-uae-s…
Image
"Fossil fuel companies and their lobbyists are engaged in a systemic campaign of distractions, obstructions, manipulations, and pure criminal activity. And I do not use the term 'criminal' lightly.

2/n

middleeasteye.net/news/cop-uae-s…
"[First,] If we take the science seriously, we wouldn't be making plans to add new fossil fuel infrastructure, ...

3/n

middleeasteye.net/news/cop-uae-s…
Read 7 tweets
Nov 6, 2023
"They're not reducing their emissions. But now they're buying a licence to pollute. And that licence to pollute is called [carbon credits]," Fadhel Kaboub, a senior adviser with Power Shift Africa, told Middle East Eye.

1/n

middleeasteye.net/news/uae-kenya…
Image
"What happens is that communities on the front line are frequently displaced. We're talking about pastoral communities... communities that have ancestral land that they no longer have access to, ....

2/n

middleeasteye.net/news/uae-kenya…
... and these are not the communities that cause climate change or contribute to climate change," Kaboub said.

3/n

middleeasteye.net/news/uae-kenya…
Read 4 tweets
Oct 3, 2023
My comments about the #DRC decision to auction off 27 #oil blocks.

#Thread #Congo #RDC
1/n
kivumorningpost.cd/2023/10/03/cop…
Image
"When countries like the #DRC invest in fossil fuel infrastructure because it is assumed to be an engine of economic development, it's as if....

2/
kivumorningpost.cd/2023/10/03/cop…
.... it's as if a country has decided to invest in the horse and carriage industry right when the automobile industry was taking over the transportation system.

3/
kivumorningpost.cd/2023/10/03/cop…
Read 8 tweets
Sep 8, 2023
Fadhel Kaboub, an African economist commented: “While external #debt is a serious problem that limits our economic and monetary sovereignty and reduces the fiscal policy space to act on #climate and to invest in national priorities, ...
1/n
newtimes.co.rw/article/10574/…
Image
... it is important to recognize that external #debt is a symptom of much deeper structural deficiencies: #food deficits, #energy deficits, and low value-added manufacturing.”
2/n
newtimes.co.rw/article/10574/…
He reiterated that there were false solutions proposed in the #Nairobi declaration like #carbon markets, which simply amount to cheap #pollution permits for Global North historic polluters who can pass on the cost of the permits to their customers,...
3/n
newtimes.co.rw/article/10574/…
Read 6 tweets

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