- cross-posted to:
- socialism@lemmy.ml
- cross-posted to:
- socialism@lemmy.ml
A video explaining modern monetary theory and how with a little Marxism it can benefit everyone.
A video explaining modern monetary theory and how with a little Marxism it can benefit everyone.
Which is bad if you have a lot of money, but not so bad if you have a lot of debt and can still sell your labor and its produce.
But also bad if you have pay for things like food and shelter. Then you are just bartering which is less efficient than having actual currency. You can’t buy or sell someone half a haircut.
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If wages rise with inflation, then workers gain relative to those with accumulated fortunes.