True democracy is populism—is it not? It has always struck me as odd that “populism” is used to describe a fringe politics, motivated by grievances that are viewed as illegitimate complaining. But if the not-profit-making needs of local and regional communities are determined and addressed by a democratic, majoritarian process, isn’t that what real “populism” …
What I am going to imagine here is an argument that a progressive politician (for example, someone associated with a new Biden administration) could make in support of direct government spending to address a serious challenge to our collective well-being. By “direct” government spending I imply spending which is not “paid for” by garnering either …
Banking is social infrastructure, and is intimately dependent upon public support and regulation. To that extent, public banking is not ‘extreme’ or an ‘aberration’. To the contrary, it restores banking to its proper role as a tool of public development.
These were my proposals back in March. Now, with 20-20 hindsight, and some 8 months on, seems I wouldn’t change a thing…
Originally published at jengis.org by Jengis Osman. Below is something I wrote in 2018 for my own reference as I grappled to apply modern monetary theory into my broader thinking and apply it as a lens rather than think of it within an abstract theoretical framework. I hope this might help those that are trying …
