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> On Apr 20, 2020, at 8:25 PM, MM <marxmai...@gmail.com> wrote: > >> So, what is it that I am missing? > > I’m not familiar with the Nicaraguan economy, but I think you’ll probably > find the interview with Fadhel Kaboub that I just posted in response to John > at least suggestive of how to go about answering the question. Just to say a little more: The key is how the new money is spent, and specifically whether it is spent on developing the kind of productive infrastructure that any good socialist government would build: public transport, hospitals, schools, local farms, factories to produce basic consumer goods, etc. The money thus spent into existence continues to circulate, becoming the lifeblood of local economies: bodegas, book stores, hair salons, jazz clubs. But very few people on the left have been willing to even engage with this body of thought enough to be able to move beyond the fundamentally reactionary phrase “printing money,” and begin think about how any of this actually works in concrete terms — hardly a shining testament to the legacy of historical materialism. _________________________________________________________ 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
