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3min chapter
Deconstructing Economic Paradigms: Insights on MMT and Marxism with Jonathan Kadmon
Varn Vlog
The History of Trotskyism
Marxist economics wasn't particularly developed in that period and specific. They basically took the Adam Smith view of money at face value. And thus when monetary stuff was done to regulate the business cycle to some degree they were blindsided by it. So, you know, it's actually kind of a major tragedy that that was the case. I have come around to the idea that part of this is because Marxist Don't and did not entirely think money was that important to how power operated.
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