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(Tankus’s newsletter is very good, actually, I should say! It’s just funny that like...former Treasury guys are now like “welp this guy with no degree is right” because they’re forced to choose between guys that invalidate all their credentials and guys who want to execute them)

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All the establishment guys are scrambling to elevate MMT writers because literally no other perspective makes this market make any fucking sense rn bloomberg.com/news/articles/20

SOCIALIST REALISM: Before the cosmonaut can take their first step, an army of workers must crunch numbers, fabricate parts, draft blueprints, and test and design rocketry.

CAPITALISM: uuuhh Elon Musk makes the rockets go.

the Roman Empire was never real it’s nothing but the collective dreamscape fabrication of a dozen dozen tacky fascists and neo fascists and wishful archeologists

Never will even the most overwrought academic jargon ridden pastiche of critical theory be one fifth as insufferable as any one possible example of reddit literalism

we took all the spoils of the earth and made it into stuff (and what we didn’t make into stuff we made into carbon dioxide). we can’t have a communist politic based on fetishizing industrialization any more

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i think there’s mostly enough stuff. we should stop making most stuff and just figure out what to do with the stuff we already made

With a hammer and nails and a fear of failure we are building a shed
Between here and heaven between the wait and the wedding

youtube.com/watch?v=vIVrCZ5sNw

disingenuous critique of the social credit system seems to ignore, you know, Credit Scores’ omnipresent importance in the US. i bet a lot of folks would love the chance to plant trees or work at a soup kitchen to raise their credit score

I'm sure I can get a bunch of tech nerds to form a union if I just call it a guild

capitalism has never lifted anyone out of poverty — it does occasionally let one person “rise” by exploiting hundreds of their once-cohorts

"The Bank’s line shows the number of people in extreme poverty fell from 1.9 billion in 1990 to 736 million in 2015. “But the line is scandalously unambitious, and the best evidence shows it doesn’t even cover the cost of food or housing in many countries. The poverty decline it purports to show is due largely to rising incomes in a single country, China. And it obscures poverty among women and those often excluded from official surveys, such as migrant workers and refugees.”

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Liberals' argument that "world poverty is going down, so capitalism is working fine" exclusively worked because China is the only country doing an amazing job. Holy shit

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The UN's Special Rapporteur Phillip Alston is resigning today after releasing his final report:
The world's leaders have paraded on a sense of triumphalism that "world poverty is going down", being based on the extremely wrong line from the World Bank

The ONLY reason the projection of "world poverty" massively went down since 1995 was because ONE country in the world is succeeding at the goal of eradicating poverty: China

chrgj.org/2020/07/05/philip-al

Communism isn’t Nice please god understand who dictates and shapes the moral landscape please god read an ounce of Marx

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