[Marxism] 2019 Corona Virus: The Hypocrisy of Anti-Chinese Chauvinism in the West

[RKOB via Marxism]

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2019 Corona Virus: The Hypocrisy of Anti-Chinese Chauvinism in the West

A few facts about the rate of mortality of the COVID-19 pandemia in 
comparison with Influenza


by Michael Pröbsting, 14 February 2020

https://www.thecommunists.net/worldwide/global/2019-corona-virus-the-hypocrisy-of-anti-chinese-chauvinism-in-the-west/



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Re: [Marxism] 2020 - Sanders Takes Top Spot In Dem Quinnipiac University Connecticut

[John Reimann via Marxism]

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Michael Roberts, author of the website thenextrecession.wordpress.com is
probably one of the most serious Marxist economists around. Here is his
critique of Modern Monetary Theory (MMT).
https://thenextrecession.wordpress.com/2019/01/28/modern-monetary-theory-part-1-chartalism-and-marx/
If MMT is the basis for Sanders' claim that his health care program (plus
paying for student debt and a host of other programs) can all be paid for,
then I don't find his claim credible. Since there evidently are no other
more concrete plans to pay for these programs, then I think a large dose of
skepticism is justified.

John Reimann

On Tue, Feb 11, 2020 at 2:15 PM MM  wrote:

>
> On Feb 11, 2020, at 2:22 PM, MM  wrote:
>
> No, it isn’t a defense of Keynesianism. Here’s a response on concerns over
> inflation (and there is an extensive body of writing on this):
>
>
> https://ftalphaville.ft.com/2019/03/01/1551434402000/An-MMT-response-on-what-causes-inflation/
>
>
> Apparently that may be paywalled for some people. Here is the text (the
> first three paragraphs are introductory commentary from FT):
>
> An MMT response on what causes inflation
>
> *This week in testimony to the Senate Banking Committee, Jay Powell,
> Chairman of the Federal Reserve, **offered a verdict*
> *
> on modern monetary theory. "The idea that deficits don't matter for
> countries that can borrow in their own currency I think is just wrong," he
> said. It was a victory for the movement, of sorts: modern monetary theory
> is now unavoidable. It now must be addressed in a committee hearing of the
> US Senate. *
>
> *It's an idea being contested right now on finance and economics Twitter,
> which sounds like a silly thing to say but is not, because the people who
> read and write econ Twitter are the people who explain economics in
> newspaper articles and academic papers for the rest of the world. *
>
> *Which is how yesterday we got an emai from three MMTers: Scott Fullwiler,
> Professor of Economics at the University of Missouri, Kansas City; Rohan
> Grey, a Doctoral Fellow at Cornell Law School; and Nathan Tankus, Research
> Director of the Modern Money Network. They wanted a chance to respond to
> several recent articles, our **piece on how the US financed the second
> world war*
> *
> among them. Here, in their own words:*
>
>
> For two decades we and our like-minded colleagues have been putting
> forward the idea that a monetarily sovereign country like the United States
> with debts denominated in its own currency and a floating exchange rate
> cannot “go broke”. We have been writing about this and all the myriad
> implications this has for macroeconomics under what has come to be known as
> Modern Monetary Theory.
>
> Excitingly, last month representative Alexandria Ocasio-Cortez brought
> attention to our views when she said that MMT should be “part of the
> conversation
> ".
> This set the economics and finance media ablaze with renewed commentary. In
> a major step forward, the broad consensus of these pieces in a series of
> outlets has been to agree with my colleagues and I that the only limit on
> government spending is inflation. The acceptance of this crucial tenet of
> MMT is very welcome and new. It was not too many years ago that throughout
> the economics press it was commonplace to present MMT as a wild new theory
> and speak in worried uncertain terms about the possibility that bond
> markets would refuse to buy US treasury securities, causing a debt crisis.
> We are thrilled to move past this stage in the public macroeconomic debate.
>
> Unfortunately, while the press has been willing to agree with this major
> proposition, it has not been willing to follow its implications. Josh Barro 
> writing
> in *New York Magazine*
> 
> particularly articulates what seems to be the emerging response to MMT in
> the press:
>
> ‘If the government prints and spends money when the economy is at or near
> full employment, MMT counsels (correctly) that this will lead to inflation,
> and prescribes deficit-reducing tax increases to reduce aggregate demand
> and thereby control inflation. See how we have ended up back where we
> started? Whether you take a Keynesian view or an MMT 

Re: [Marxism] Is Marxism ‘ethical’? | The Marx Memorial Library | The Morning Star

[MM via Marxism]

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> On Feb 17, 2020, at 3:37 PM, Kevin Lindemann and Cathy Campo via Marxism 
>  wrote:
> 
> https://morningstaronline.co.uk/article/f/marxism-ethical 
> 

This is excellent.
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[Marxism] Is Marxism ‘ethical’? | The Marx Memorial Library | The Morning Star

[Kevin Lindemann and Cathy Campo via Marxism]

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https://morningstaronline.co.uk/article/f/marxism-ethical


Sent from my iPhone


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[Marxism] John Clegg, Bhaskar Sunkara, and the deeper implications of Project 1619 | Louis Proyect: The Unrepentant Marxist

[Louis Proyect via Marxism]

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Most of the vitriol directed against Project 1619 centers on Nikole 
Hannah-Jones’s introductory essay, especially her observation: 
“Anti-black racism runs in the very DNA of this country, as does the 
belief, so well articulated by Lincoln, that black people are the 
obstacle to national unity.” The World Socialist Web Site (WSWS) and its 
allies hope to put back Lincoln on his pedestal and refute the notion 
that black Americans have tended to fight against racism on their own. 
All of this is subsumed under the opposition’s main idea that they are 
fighting “identity politics” that undermines class unity.


full: 
https://louisproyect.org/2020/02/17/john-clegg-bhaskar-sunkara-and-the-deeper-implications-of-project-1619/

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[Marxism] There’s No Resurgence In American Manufacturing. It’s A Myth. | Talking Points Memo

[Louis Proyect via Marxism]

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https://talkingpointsmemo.com/cafe/theres-no-resurgence-in-american-manufacturing-its-a-myth
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[Marxism] Syria’s War on Screen: An Exchange | The New York Review of Books | Daily

[Louis Proyect via Marxism]

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Idrees Ahmad nails NYT's Robert Worth for his jihadi-baiting attack on 2 
films about doctors under siege.


https://www.nybooks.com/daily/2020/02/17/syrias-war-on-screen-an-exchange/
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