Most do not use the word unless they are economists or activists fighting for economic justice.
Austerity is the belief and act that economies fix themselves by cutting spending and raising taxes. Reducing government services to the poor is an outcome of austerity. The false belief in scarcity of dollars.
Austerity is imposed, not sought. Austerity is what was imposed on Greece since that had debt denominated in a currency they were not the sovereign issuer of.
Economic ignorance has led to millions and millions of people thinking it is their hard earned tax dollar paying for "illegal immigrants" and a lack of a Federal Job Guarantee is what is making the same millions of people think the "illegals" are stealing their jobs. 1/x
And since millions and millions of white Americans are severely impoverished, broken and barely surviving, they feel they are competing with these "damn Mexicans and Muslims", "thugs" and other minority communities struggling even worse for generations.
Millions and millions of people on the left not to be outdone by those "evil people on the right" believe that we have to raise taxes and punish people for the past when neoliberalism has already exacted a HEAVY price on every one that is not part of the Plutocracy.
Ya know the Dem Enter folks shaming those who are not VBNMW? I am sure you have seen them... they come to your groups... come to your wall... telling you about how 3rd parties can't win and you are wasting your vote...
Well... it's time we stop allowing their bullshit to infect the public discourse.
We just got screwed by the DNC yet again.
Its time to fight back.
Voting is the smallest issue here, especially with rigged primaries that aren't even faking legitimacy any longer.
This nonstop belief by many that we can vote our way out of this mess... for Christ sake, look what these fuckers did to Bernie Sanders!!!! Look at how Joe Biden's team basically laughed at all of Bernie's platforn ideas!!!
It isn't happening!
Portland is happening!
That is where change was always going to have to take place!!!
Biden is a neoliberal, warmonger who wrote the Patriot Act, the Crime Bill and has been on the wrong side of every fucking issue from Venezuela to Social Security, Don't Ask Don't Tell and the War on Drugs.
Even now he won't support legalization and is telling corporate lords not to worry.
He stands firmly against Medicare for All EVEN IN A PANDEMIC!!!!!
Have some self respect and stop humping Biden's leg.
He built the Trump Monster and he can't solve that which he built.
I woke up and realized there is a serious problem even in our own ranks. Class based activism and desperation often are in conflict with each other.
When a person of means doesnt have to feel the direct pinch of neoliberal balkanization... the down playing of the impact of genuine suffering can feel like simple "pragmatism". Its allies and haters that fall into this trap of cultural and class based elitism.
When a person sees the tsunami in their own lives and knows the biding of time is all they have short of a legislative miracle... suicide becomes a real option.
Friends... If you vote for Biden... You don't just "get rid of Trump"... You fill the agencies and every aspect of our government with the Clinton machine again. That is the Deep State. The unelelcted appointments and hires that fill the halls with neoliberals at every level.
So Biden picks a youngish African American woman with the intention of that being the succession path
It sure as fuck isn't Nina Turner... No... It is a fucking conservative Biden supporter. A neoliberal. And you set the stage for 12 years of entrenching neoliberalism.
AOC run for president??? The Democrats will not allow a primary challenge to an incumbent president or a VP in this case. The party will rally round the neoliberal family with a pocket full of shells.
For those who have been harmed by bad economics, regardless of economists "ah ha" moments are the victims. I will not presume to tell families who are victims to be gentle to the people who killed their loved ones. That is a privileged position no one should feel comfy preaching
When you support the delicate sensibilities of orthodox economists over the pain and suffering of their victims you are doing this wrong no matter how many "likes" you get
I want to make something very clear and then I am going to go on a social media hiatus for a bit. Not sure how long. Probably relatively short, so this is about soul searching.
Let's give the DNC props for being master propagandists: before Trump was asked by the Clinton's to run for office, he was good for golfing trips and 5 star dinners with selfies. 1/x
Once it became clear he was going to beat all the cloth-coat republicans, he became the monster and then when he beat the Shill and all of her skeletons were laid bare by WikiLeaks, the Russian narrative began in earnest to cover her failed candidacy.
By continuing to beat the drum for the Russian narrative, they brought back the good old days and truly made America "Great Again" by reviving McCarthyism in the 21st Century.
Lots of people are gonna die because of the Depression we are about to really go full force into without any meaningful intervention. Here is the problem we face:
1. We are dealing with austerity and our movement hates to talk economics. Sad. #MMT won't even get discussed
2. The powers that be understand that our movement doesn't want to learn it discuss macroeconomics/MMT and they exploit it to maximum effect.
3. Many in the movement have created false narratives and are so partisanly loyal that they cannot function unless their party, favorite politician or media tells them what to do. They tell tales from the fire pit and revile research. The establishment knows this and counts on it
I hate when I see leftist politicos ignorantly reference either the US $ as the "world reserve currency" or the petrodollar as to why we can Deficit spend. Someone needs to check out other Monetary sovereigns like the UK, Japan, Australia & many others. Stop saying dumb shit. 1/x
"#MMT argues that a sovereign government that issues its own “nonconvertible” currency cannot become insolvent in terms of its own currency. It cannot be forced into involuntary default on its obligations denominated in its own currency...
...It can “afford” to buy anything for sale that is priced in its own currency."
This crisis has STILL NOT taught many (if not most) of our fellow country men and women that we can have nice things and prevent massive pain and suffering.
They still have no clue that the nation creates its own currency every single time Congress authorizes spending. They still haven't tied the billions of Military Spending and the simultaneous tax cuts together... That light bulb moment still hasn't happened.
They still can't figure out how reconcile the nation suddenly has trillions to give corporations and citizens without raising taxes. They still think we "borrow money from China". From program to program this message has not stuck... Even with most progressives... .
I am surrounded by people in real life and the virtual world that think the Federal Government should be run like a household budget even now. It's debilitating.
This probably doesn't resonate with anyone other than myself and probably is going to die along with me... But I am still suffering intensely from the last global financial crisis. So I turned my pain into activism and education.
All these years later I see the same people saying the same dumb stuff about taxes and "bankrupting the nation" even as the nation creates its own currency. Every single day. Every single dollar spent by the Federal Government is new money. Every single dollar.
1. We do not just "print money"... you wouldn't be a murderer for saying it... you would just be economically misguided.
@GentlemanSly@Politicsjunki14@DavidAgStone 2. The government ALWAYS creates new money when it spends and ALWAYS destroys money when it taxes. So the very notion of "printing more money" drives knowledgeable people even crazier.
The unfortunate thing is people on our own team listen to uneducated voices about economic solutions, perspectives and in desperation, ignore the most important things ... I mean absolutely VITAL things that are gonna really have far reaching and extremely negative consequences.
Never underestimate the power of an uneducated herd, galloping in precisely the wrong direction based on the absolute right sensibilities however with absolutely destructive consequences.
The #UBI or Universal Basic Income is a false promise.
I have long been a proponent of a Universal Basic Needs approach because the government can absorb any price shocks or costs that may be associated with a lack of production or dealing with gouging and hording.