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Warren's Plan to Pay for Medicare For All https://www.youtube.com/watch?time_continue=11&v=VYsC93Od2Gs On Sat, Nov 2, 2019 at 9:41 PM MM <[email protected]> wrote: > On Nov 2, 2019, at 10:02 PM, Dayne Goodwin via Marxism < > [email protected]> wrote: > > Paying for Medicare for All > by Elizabeth Warren, Medium, November 1 > > https://medium.com/@teamwarren/ending-the-stranglehold-of-health-care-costs-on-american-families-bf8286b13086 > > > Warren has fallen into the fatal trap that “scarcity-of-money” > propagandists have been constantly setting and baiting for decades. > State-funded public services don’t “cost” a country anything; they are > injections of liquidity that improve the lives of those who are served, and > unleash the spending power of the people who are employed to provide them; > they also lend themselves to growth in union membership and power. This is > why public services have been gutted under neoliberalism, and why > blank-check deficit spending has been anathemized for anything but the > military. > > As Sanders advisory Stephanie Kelton succinctly puts it, money doesn’t > grow on rich people. Government spending isn’t dependant on taxes (although > taxation plays a role in keeping inflation in check, and in shaping the > broad outcomes of an economy, even in class terms — i.e., which class has > how much spending power). This is the main lie of neoliberalism (and its > post-WWII precursors) that folks writing under the flag of “modern monetary > theory” have been at pains to expose and debunk. Here’s a good piece on it: > > "Modern monetary theorists believe that confusion around money has > distracted economists from the real things that affect the economic health > of society ― natural resources, technology, available labor. Money is a > tool governments use to manage these variables and solve social problems. > It is not a scarce resource that governments have to track down in order to > pay for projects. > > … > > “‘The basic idea is that the government can’t run out of money,' Kelton > said. 'It creates money just by spending.’ > > “When people talk about government profligacy bankrupting their > grandchildren or triggering a cataclysmic debt crisis, Kelton argues, > they’re conflating the experience of a typical family, which has to get > money from somewhere outside the household to meet expenses, with that of > a sovereign government, which creates money as part of its basic operation.” > > Link: > https://www.huffingtonpost.co.uk/entry/stephanie-kelton-economy-washington_us_5afee5eae4b0463cdba15121 > > Warren’s perpetuation-by-silence of the lie that we “can’t have nice > things” unless we squeeze money out of the rich is just further proof of > her radical establishmentarianism. > > _________________________________________________________ Full posting guidelines at: http://www.marxmail.org/sub.htm Set your options at: https://lists.csbs.utah.edu/options/marxism/archive%40mail-archive.com
