Modern Monetary Theory (MMT) is getting significant media attention these days, after Alexandria Ocasio-Cortez said in an interview that it should “be a larger part of our conversation” when it comes to funding the Green New Deal. According to MMT, the government can spend what it needs without worrying about deficits. MMT expert and Bernie Sanders advisor Prof.
It’s convenient but incorrect to simply blame the USA for Ottawa’s nefarious role in the slow motion attempted coup currently underway in Venezuela.
To stimulate the economy, create new jobs and generate new GDP requires an injection of new money. Borrowing from the bond markets or off-balance-sheet in public/private partnerships won’t do it. If Congress won’t issue money directly, it should borrow from banks, which create money on their books when they make loans.
The theory of conceptual-commodity-value-management is a theory, which descends right down to the depths and to the core of post-industrial post-modern bourgeois-state-capitalism; i.e., its bourgeois economy and its bourgeois financial institutions. So much so that today, the theory of conceptual-commodity-value-management is foundational, to such a radical extent, that it is the logic by which the central banks of the world’s global financial superpowers function and operate.
Left-wing academics, writers and journalists have written tendentious articles where they manage to transform reactionary political leaders into working class heroes and present their dreadful policies as progressive advances.
Recently, leftist pundits throughout US and Latin America have plagued the reading public with gross distortions of historical events contributing, in their own way, to the demise of the left and the rise of the right.
Has Canada been a “friend” to Cuba?
While Ottawa’s position towards Fidel Castro’s Cuba was far more progressive than our southern neighbour’s, the story is more complicated than liberals are likely to suggest in their commentary over Castro’s passing.
Donald Trump was an outsider who boldly stormed the citadel of Washington DC and won. He has promised real change, but his infrastructure plan appears to be just more of the same – privatizing public assets and delivering unearned profits to investors at the expense of the people. He needs to try something new; and for this he could look to Abraham Lincoln, whose bold solution was very similar to one now being considered in Europe: just print the money.
In Donald Trump’s victory speech after the presidential election, he vowed:
British filmmaker Adam Curtis recently released his new documentary HyperNormalisation. Brilliant in parts, this ambitious film reveals an image of a civilisation in turmoil. It shows how duplicitous, inadequate politicians have repeatedly deceived the public over the last forty years, and how their actions have caused increasing levels of chaos in the world, which they are unable to resolve.
Wall Street and the Pentagon greeted the onset of 2016 as a ‘banner year’, a glorious turning point in the quest for malleable regimes willing to sell-off the most lucrative economic resources, to sign off on onerous new debt to Wall Street and to grant use of their strategic military bases to the Pentagon.
Brazil and Argentina, the most powerful and richest countries in South America and the Philippines, Washington’s most strategic military platform in Southeast Asia, were the objects of intense US political operations in the run-up to 2016.
