Neoliberalism is the art of privatization, globalization and financialization of economies.
The push to private credit vs state spending allows the Wall Streets of the world & massive multinational corporations to suck the GDP out of the hands of the people...
trade deals pushed by the neoliberals of both parties facilitate this while simultaneously pushing the 99% to unsustainable private debt. This is their means of enslaving a planet... not just a country.
To the people who steadfastly support Clinton and Obama... you built Trump. Trump is the bastardization of globalization and privatization. Austerity measures cutting away the stabilizers ONLY hurt the 99%.
The wealthy ride straight through these recessions and depressions as they retool to get us all on the cheap as we pull out... slowly... via private debt or miniscule state stimulus...
Budget constraints built on $$$ spent is not a worthy approach to a stable economy. A country run on sovereign money must spend to offset global leakages and domestic impulses to savings. W/out a constant infusion of state money we'll always live in a state of economic terrorism.
If you want better. You must learn how our state financial operations work how our debt instruments work. How our dollar is created as needed. And how its lack of creation destroys the solvency of the 99%.
We need a federal job guarantee with a basic needs guarantee. We need a stabilizer for the 99% to prevent the abuse of labor. You must learn MMT.
Stop bragging about reducing the deficit. Stop bragging about reducing the "debt". Stop begging for austerity while fanning fears of runaway debt. Its all a lie meant to push us to private debt.
This explains the wealth gap. This explains the perverse rise of Trump and this explains why we cannot let go of beating down Clintonism and ensure we never see another Trump again.

• • •

Missing some Tweet in this thread? You can try to force a refresh
 

Keep Current with Austerity is Murder🌹#MMT🧨

Austerity is Murder🌹#MMT🧨 Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @sdgrumbine

Jan 14
Our Federal Government doesn't need revenue. Taxes serve as a gas pedal or brake for an economy. They drive the need for currency. They stave off inflation and can be used to break up pooled concentrations of wealth that are destructive to a functioning democracy and economy.
1/x
So what's the fuss about marginal income tax rates and "fair share"? Why the chatter about how will the government get money to fund its operations?
First we must decouple the idea that spending and taxing are linked. Taxes are not a financing operation at the federal level. In fact, taxes are destroyed upon receipt.
Read 21 tweets
Jan 8
I am skeptical that we can reform or vote our way to Equality or even significantly improve the material conditions of the working class because our system makes dissemination of meaningful information too challenging.
1/x
Especially given the narratives that make up social media "big deals" (largely activist Westside Story) and our ability to do more than randomly rage. We are unable to effectively communicate and plan. We are clique-y and often so cynical deeper truths are elusive.
The question of reform or revolt has never been more valid to ask... What is it that we would need to do either?
Read 7 tweets
Jan 3
There is something that's been eating me inside and out and I have not been able to articulate this until now, but I am gonna try because I think it is very important. At least to me it is. The sickness of our neoliberal world impacts both the middle class and the poor.
When you see generational poverty, it is easy to see it outright. It's extreme. It's often hopeless to the individual. It's bleak and the political space uses poverty as a political tool. One for explaining "bad choices" and one that exploits it as "immoral". But it's a veneer.
It's used as a political football. Two angles: you are a bad person and undeserving or my goodness this is so tragic we must save you with a pittance... Charity ... Hand outs... No structural change... No real change.
Read 23 tweets
Jan 2
I worry that folks boil class down to simply dollars and cents & not about access, privilege, snobbery & condescension. Class is a much bigger deal that involves access & precarity. Not financial precarity alone, but access to circles & opportunities. In particular opportunities.
People born on third base thinking they hit a triple and all the underlying assumptions & elitism that goes with it... The lottery of birth & the blessings from the Ivory Tower that allow some to be absolute assholes yet simultaneously get away with it because of that privilege.
It skews social mobility more so than financial mobility. It is a gate keeping system that really collects privilege whilst simultaneously bludgeoning those not in the club, silencing them from the same opportunities & stations afforded to privileged people. No idea how to fix it
Read 5 tweets
Jan 2
FYI lockdowns only hurt the people economically becuz people believe the government is broke & the Neoliberal assholes in office allowed that ignorance to be a rally cry. When you know what could be done to make people whole & still keep the vulnerable safe, it changes everything
Read 4 tweets
Jan 2
Psst Federal Programs are absolutely NEVER paid for with tax dollars. All government spending is newly created money. Every single time. Not something someday.. happening at this moment and always.
In fact your tax dollars come from the Federal Government. Just like concert tickets are not required to fund the concert but they are for redemption. And just like the concert hall doesn't need those stubs to fund new concerts...
Get it? #MMT
Cash used to be burned in colonial times, now it is shredded and deleted. The government doesn't need your money. It just needs us to need it to pay taxes so it can provision itself.
Read 10 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(