@freemo *prove
Just dive into MMT with your data scientist skills and try to understand if it could be right.
I can ensure you that if your conclusion is that it's right you will also realize how much criminal this world is and understand me when I say that what China governament does is nothing.
This is not a ranking of who is worse. It's a matter of realizing as humanity how much bad this world-wide ideology is.
Since you are a data scientist probably what stops you from realizing it is the fallacious assumptions by mainstream economics, that are revealed by MMT.
If on my side there is no propension to change opinion proves that you are different.
Same for "the virus originated from China"
You are into the fallacy that mainstream version is proven right by definiotion and only the others must provide evidence to disagree with it.
P.S. I said "neoliberist". "Neoliberal" term doesn't make any sense.
I expect an apology for these offensive words. I brought arguments. Here I only read rhetoric. You talk about rationality so you should be able to distinguish arguments from rhetoric.
I have no intention to justify the Chinese governament. I'm just saying that nothing it did can be compated to what the US Empire did for decades and is currently doing to the rest of the world. And 90% of what is happening can be understood by learning Modern Monetary Theory, so if you didn't know it it's a chance to open your mind.
As I said in another post the president of the Italian professional order of biologists claims that the Italian virus is different from the Chinese one and it originated from Italian zootechnical industry (animal farming).
So the discussion is still open.
Again with this thing about majority...
The monetary system is not something that should be studied by economists like biology doesn't study how microscope works, physics does so.
Yes economist can't understand the monetary system because it's an information technology.
Oh and tell me, are those the same economists that make possible a world were ~50 people own half of the financial wealth and 7 bilions of people the other half?
I didn't say so. But Italy and in future USA are risking a total collapse and we don't even have monetary sovereignty to save people.
This is not China's fault, our system was extremely fragile because of the same neoliberist ideology that is making exploitaion of workers in China a reality.
Maybe I can't understand Chinese culture but I know where neoliberist ideology originated from (spoiler: UK & USA).
It wasn't my intention to impose Tarro's opinion as truth! Mine was just an attempt to prove in fact that we can't have the final word on the subject ;)
So why is MMT wrong?
P.S. don't be fooled by the term "theory". It's not an hypotesis, the term theory was used by its inventors in the accademic sense of "set of knowledge about a subject", like Probability Theory in Math.
MMT is not even about economics, it's a description of a technology, the monetary system.
In my opinion everything else in the economics is pseudoscience. Math models in economics are garbage. Even the 2018 Nobel Prize winner Paul Romer said something like this. He even introduced the term "mathiness".
Fallacious argument on many levels... one is that you are assuming that the vast majority of virologists disagree with him. This is a very strong affirmation you should prove before... on the other hand the opinion of the majority is not the truth, that is not an argument but a rhetorical trick. Instead the discussion should happen on the matter... I don't pretend to claim Tarro is right. He could be wrong, but I provided a fact: a major expert with a name and a surname has a certain opinion and arguments to support it.
Are you sure you know Modern Monetary Theory?
https://en.wikipedia.org/wiki/Modern_Monetary_Theory
If it's wrong, where? If it's right: what's the missing step between it and "enemployment and neoliberist policies are criminal"?
Even Warren Mosler, the father of MMT, said: "unemployment is a crime against humanity".
Giulio Tarro, pupil of Sabin, recently awarded in the USA as the best virologist in the world, disagree with you (sorry it's in Italian): https://www.youtube.com/watch?v=PV-KeNKjQ9k
OK so do you agree austerity, unemploument, poverty and so on are just criminal policies justified by a fallacious assumption on how the monetary system works?
The problem is not the virus per se, it's just a cold. Otherwise there would have been no problem: the seriously ill with other pathologies would have been hospitalized. There would have been no need for any restrictive measures and panic would not have been triggered.
The problem is that our health system suffered from neoliberist policies and is about to collapse for a simple cold.
This is the reality, when you know certain things this is just the simple rational conclusion.
No, they are way better than Western countries when it comes to these crisis.
I don't like the Chinese being so militarized and that they don't care of liberal democracy and other rights but when these crisis happen they show the advantage of their social organization. China will certainly recover from this crisis. It is the western world with its neoliberist ideology and its stupid budgetary constraints that is likely to collapse.
You think so just because you have no idea of what US did and what it is doing.
Months ago we had a governament crisis in Italy and we changed it without elections. There are different reasons but a big one is still US: they had to stop the agreement on 5G by the previous governament and Huawei.
And do you know US has 70+ atomic bombs in Italy?
I live in a very small town with less then 5000 people but here we have a US military base and we, Italians, don't know what they do there. Neither do our military forces.
These days as I mentioned 30 000 soldiers arrived in Europe from US.
And this is nothing. In the future the world will discover Modern Monetary Theory and will realize that all the sufferings from neoliberist policies like austerity were totally useless, that the public debt was a lie. They will discover the biggest genocide of the history that is involving people from all around the world, all the people affected by these criminal economic policies. The world will discover poverty and unemployment are just a criminal policies and easily avoidable. People will realize all their sufferings and deaths of their beloved were caused by an ideology that made thousands and thousands more victims than any communist regime.
Oh please mate, how can you be so naive... the US one is an empire, the Empire. They control Europe, South America, Africa and Middle East on different degrees... the only countries that are more free are presented by Western media like the worse dictatorships: Russia, China, North Korea, Venezuela and so on...
If you listen only to the mainstream media you will have a distorted view of reality. The bad guys are USA, no doubt on this. No stupid excuses. You have an Internet connection to do your research, no? Just do it, hear what others have to say.
And what about Assange? Do you know what he revealed on the Iraq War and how US are punishing him and killing journalism?
China violanting human rights... oh Jesus. Oh Jesus you know nothing
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