Religious reformers like Martin Luther laid the groundwork for the later emergence of Liberal political economy by purging late-medieval conceptions of the monetary instrument as a potentially boundless public utility from the collective imagination.
These 9 theses raise questions about what it means to use the signifier “capitalism” to name the economic system money conditions. When we label the totality money mediates “capitalism,” we obscure money’s status as a public utility, make its capacities to serve communal and environmental wellbeing imperceptible.
MMT and Marxism share histories and methods but diverge at the level of ontology. Critical humanists must reckon with this cleavage in order to help forge a more just and prosperous future.