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Degrowth must confront the structural lock-ins of capitalism starting with the debt crisis trapping the Global South in poverty and extractivism.

Money • 31.01.2023

A Coherent Monetary Theory is a Threat to the Capitalist State

Counting

By: Charles Stevenson, Ellen Helker-Nygren

Marxian political economists often criticise Modern Monetary Theory (MMT) for its lack of class analysis. While these critiques are right to point out that MMT has often been presented as the saviour of capitalism and growth, its insights are also of use to those who wish to see an end to capitalism and growth. While many proponents of MMT are not interested in a world beyond capitalism, the theory itself could offer useful tools in this struggle. Indeed, at its heart, MMT formulates the coherent monetary analysis needed by anyone who believes in using State power as a means of dismantling capitalism.

Money • 26.03.2021

The case for abandoning GDP – An intersectional perspective Pt. 2

Case for abadoning pt 2

By: Sonja Hennen

GDP is a flawed guide to prosperity. What else should we measure if we want to do better? “The welfare of a nation can scarcely be inferred from a measurement of national income”. Those were the words of Simon Kuznets, who developed the first national income accounts in the United States. And yet, we look back on decades of appropriating GDP as a measure of social welfare and progress. With t...

Money • 16.09.2020

Pausing the game of growth

Dice

By: Timothée Parrique

I feel personally guilty for the pandemic. At the beginning of March, I published my PhD dissertation “The Political Economy of Degrowth”, whose introduction ended with the following words: “Let me invite you into a wild thought experiment. Imagine that in one year, it will all stop. In precisely 365 days, the economy will come to a halt. Imagine the economy gone and all of us frozen in social ...

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