Sean Keith and Alexander Kolokotronis — “But How Will We Pay for It?”: Modern Monetary Theory and Democratic Socialism

Summary:
An economic doctrine named Modern Monetary Theory (MMT) is surging in popularity and offering answers. MMT is debunking popular narratives about the harsh necessity of austerity and belt-tightening. It is showing that money is not a finite abstraction, but a limitless public utility that can be used to meet human needs. More than this, however, MMT and its heterodox economic cousins offer a framework to build directly democratic, egalitarian political structures, and thus reimagine and recalibrate the viability of democratic socialism....  Truthout | Op-Ed "But How Will We Pay for It?": Modern Monetary Theory and Democratic Socialism Sean Keith and Alexander Kolokotronis

Topics:
Mike Norman considers the following as important: democratic socialism, MMT

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