How to get URL link on X (Twitter) App
https://twitter.com/moneyontheleft/status/1647748763321004032This argument suffers from a poverty of theory and an acute ahistoricism. It views the world as a mechanistic body, driven by a competitive (capitalist) instinct. Mearsheimer purposely ignores social relations as "out of scope", divorcing his theories from the historical process.
https://twitter.com/mpeterf/status/1497943731349114880I thought I had written some thread on this, but I can’t find them at the moment. Lots of people have written about this - including Trotsky himself. Another instructive book is Prophets of Deceit by Guterman and Lowenthal. They address this specifically in Chapter 4.
https://twitter.com/ChadMReese/status/14906891430678896732) Once more for people in the back - MMT does not say you can run deficits and never worry about inflation. What it says is that inflation is not caused by spending but by a lack of (or poorly managed) resources.
https://twitter.com/Claudia_Sahm/status/1490319250933919744Second - everybody responding is stuck on the part about MMT saying there isn’t a fiscal limit to what can be spent and none of them recognize that MMT says spending that isn’t backed by the proper resources *will* cause inflation. This actually tracks perfectly with the last yr.
https://twitter.com/zaleskiluke/status/1475203252920762371The right's reasons for dismissing it are pretty clear, so I’m not going to spend time on that. But the left's dismissal is more complicated.
https://twitter.com/WatTylerRising/status/1475128631785578497However, the Tudor government made a deliberate decision to exempt a certain size of property from small producers from enclosure, allowing these property owners to increase their holdings through enclosing neighboring smallholder land. 2/
https://twitter.com/whstancil/status/1463504112679591941The basic liberal position here starts with the premise that people cannot live under a perpetual state of emergency, especially one that prevents socializing, etc. i agree with the premise. But the solution liberals present is a return to normalcy - a restoration of order.