While there are considerable political challenges involved in realizing the goals outlined here, we can improve the political feasibility of them by challenging the neoliberal narrative about the causes of the current crisis and its possible solutions.
Besides strengthening the call for degrowth in the global North, MMT can serve as a powerful tool to achieve full decolonization of the global South.
Southern governments are captive to the demands of international capital, which prevents them from meeting their people’s real needs. MMT offers a way out.
If the public doesn’t internalize the right lessons, elites remain in control. If we’re to create a sustainable and democratic society, we need the climate movement to recognize that mass education is one of its core responsibilities.
The trillion-dollar pandemic relief bills demonstrate the federal government’s power to create money, upending the question that often stymies progressive policies: how will you pay for it? However, there are still limits to money creation that activists aiming to create a sustainable economy should consider.
As Giorgos Kallis has put it, “capitalism cannot survive under conditions of abundance”. MMT provides an opportunity for us to create a post-growth, post-capitalist economy.