2min chapter

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Decrypting the Global Economy: Tech Giants, NFTs, and Labor Changes with Rob Larson

Varn Vlog

CHAPTER

The Importance of Class Power in the Economy

MMT doesn't have a realistic view of class power, he says. It has the merit of being something we could do with existing institutions but it's not transformative enough to be one of our main policy goals. If you're a market socialist and you promote something like a people's bank then yes, I would be all about MMT conditions. But that's a political project that needs more ambitions than just like a fiscal fix.

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