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Bill Mitchell — To reclaim the state, we have to start with ourselves

Summary:
The problem is capitalism.Because the logic of that system evolves into what we have.Harry Braverman understood that even though he didn’t live to see the worst of what it has become.As the first step, education.Then, reclaim the state.Then evolve the production and distribution system away from one that needs to colonise every aspect of our lives with ‘markets’.…Not MMT but it is important that an MMT economist is saying it. What is the point of full employment when the tendency of capitalist expansion — commoditizing everything — is creating bullshit jobs? Marx called this alienation. I am happy to see Bill addressing this head on.Bill Mitchell – billy blogTo reclaim the state, we have to start with ourselvesBill Mitchell | Professor in Economics and Director of the Centre of Full

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The problem is capitalism.

Because the logic of that system evolves into what we have.

Harry Braverman understood that even though he didn’t live to see the worst of what it has become.

As the first step, education.

Then, reclaim the state.

Then evolve the production and distribution system away from one that needs to colonise every aspect of our lives with ‘markets’.…

Not MMT but it is important that an MMT economist is saying it. What is the point of full employment when the tendency of capitalist expansion — commoditizing everything — is creating bullshit jobs? Marx called this alienation. I am happy to see Bill addressing this head on.

Bill Mitchell – billy blog
To reclaim the state, we have to start with ourselves
Bill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia
Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

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