The problem is not an issue here or an issue there, so much as it’s an insane notion of the purpose of money. The purpose of an economy is to serve people, the purpose of people is not to serve an economy.
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No it’s not. But it’s working the way it has worked at various times in our past, all of which preceded radical course correction such as FDR’s New Deal. And we need another such course correction now.

Jan 3, 2021 · 9:52 PM UTC

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Replying to @marwilliamson
FDR's new deal were reforms designed to placate the public and suppress a growing radical movement demanding structural change. I would accept reforms but this time we should not abandon need to abolish structural and systemic inequities.
Replying to @marwilliamson
FDR saved capitalism from itself, and now it's an existential threat. Stop trying to chain a dragon that will always break free and burn down the village. Capitalism needs to be killed, not regulated.
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Replying to @marwilliamson
The New Deal was such a success that the depression lasted for a decade. Had we done nothing, the length of the depression would have been used as evidence that the market cannot fix itself.
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