RuthlessCriticism [comrade/them]

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Joined 2 years ago
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Cake day: August 2nd, 2022

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  • “balanced budgets” are recessionary. lots of government debt is generally preferable because it means the government is spending more money than taking in. that money eventually goes to citizens and fuels growth.

    This is completely wrong, both empirically and theoretically and shows the liberal ideology deeply embedded in MMT theory.

    The stuff above is largely correct but better stated in the Marxist way. There are two kinds of government appropriation, real and symbolic. Real appropriation is spending, the government ordering people to do something, build a road, teach some students, etc. Symbolic appropriation is taxation, it doesn’t actually matter that the government takes some bits of paper (or gold), but it justifies the real appropriation and sort of determines how the burden of government action is distributed.

    None of this is to say that getting rid of taxation is a good idea, indeed, it is impossible to get rid of government appropriation without getting rid of government entirely. It is worse to have a hidden appropriation that has distorting effects as in the case of the Soviet Union and better to have transparent taxation which doesn’t punish certain kinds of enterprises (namely the state owned ones, by requiring them to fund the whole government).





  • Peasant uprisings were much less common than labor unrest today, though granted that isn’t exactly the same.

    Additionally, exploitation in peasant economies was not always as transparent as you indicate. Often, it was at least slightly hidden. For example, a peasant might be required to give sacks of grain to the lord who owns the mill, and instead of being allowed to keep some for seeds, they must buy the seeds from the lord, inequalities here can hold the exploitation. Further, debt was a constant of feudal relations and gives a veneer of legitimacy to exploitation, just as it does today. Further, surplus value extraction can be seen as acceptable to the peasant if they believe it is justified. The lord can claim that his cut is in exchange for protection, insurance, and other services. This applies to taxation today.