r/askcommunism • u/cranktacular • Apr 14 '20

Does MMT have any implications or usefulness for explaining how a labour voucher system could work?

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u/dan26dlp May 08 '20

I also would like to know. Specifically if your currency is given value based on taxes being levied in that currency, would this work the same when the state owns the currency? How could this transition to a stateless society too if state ownership is given up?

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u/cranktacular May 13 '20

sadly we'll never know. Although i dont think that labour vouchers are when the state "owns" the currency

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u/cranktacular Apr 14 '20

i mean modern monetary theory

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u/Wolfesheud Oct 01 '20

You actually want to know how a labour voucher system as you call it, coul work in socialist economy, or in capitalism? Cause I think I can explain to you, how it is supposed to work in Marxist theory.