Ageing population
China
China’s real demographic crisis is capitalism
Under socialism, an aging demographic would not be a problem as even a small labor force can maintain high living standards for the entire population with the wonders of modern technology if harnessed to the full through a democratic plan of production.
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Economics: Modern Monetary Theory or Marxism?
Socialists should be friendly and understanding of MMT’s appeal, but firm in pointing out its weakness as a bourgeois theory which does not recognize the limitations of the capitalist system itself.
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