Exploring Modern Monetary Theory and its Relationship with Marxism

The chapter provides an in-depth analysis of Modern Monetary Theory (MMT), emphasizing how countries with their own currency have monetary sovereignty and can't run out of money. It delves into the discussion about the compatibility of MMT with Marxism, highlighting the theory's descriptive nature and its relevance across various political ideologies. Additionally, it explores the concept of taxing the rich within the framework of MMT and proposes alternative measures to address societal inequalities.