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#thread 1/n
Let’s address Marxist Utsha Pattnaik’s so called $45 trillions theory which also promoted by self declared anti-capitalist Jason Hickel. Read :
1/n UP uses 5% at some point in the paper and also inflation. So she is suggesting 5% real interest rate who is the risk-free & that is ludicrous. Also she uses a ₹’s interest rate but applied it to a £ of $ sum which is just silly. If you use ₹’s interest rate, then you must+
Mar 23, 2022 • 4 tweets • 2 min read
A rebuttal on Marxist Mike Davis’ book on Victorian Holocaust