Job Guarantees and Monetary Gifting Compared and De-Bunked

C:  “Jobs” or their obvious analogs considered from the creditary/MMT perspective are as old as humanity; they are logically equivalent to cooperation and the division of labor. They exist in all cultural arrangements. And jobs certainly existed in the US before 1850. What is more novel is the degree of monetization of the economy and the formalization of labor into jobs. This leads to unemployment because of insanely stupid ideas which I touched on above. But this formalization, rigidification is a secondary matter, which does not touch on the basics like the insanity of not having a job guarantee.

Moderns believe that forcing some people to not do stuff = unemployment will magically make unicorns and leprechauns provide greater bounty than if all the humans who wanted to work. were allowed to work. People before the modern age rightly considered such ideas insane.

The rethinking-urgers are the ones who should rethink and study some more history and anthropology. For instance, a job guarantee is nothing but an expression of the universal idea in gift economies of the necessity of accepting a gift, or else giving a truly grievous insult.

Me:  “…….this formalization, rigidification is a secondary matter, which does not touch on the basics like the insanity of not having a job guarantee.

As I have posted here before a job guarantee would fit seamlessly within a wise and monetarily gifting economy. Certain MMTers who militate against a universal dividend are the ones being orthodox, still thoroughly inside the paradigm of Debt Only as the form and vehicle for the creation and distribution of money and hence obstruct the paradigm changing inversion of modern economies from individually income scarce to abundant…in ratio to total costs and so prices simultaneously produced as a flow.

“Moderns believe that forcing some people to not do stuff = unemployment will magically make unicorns and leprechauns provide greater bounty than if all the humans who wanted to work. were allowed to work. People before the modern age rightly considered such ideas insane.”

People before the modern age cannot not be blamed for not foreseeing the productive and leisurely potentials of high technology and the disruptive force of AI, and modern economists and pundits should ask themselves whether they want to live under the so called Mosaic curse forever and ever amen, even if these same forces would enable them to not only have the purposeful activities of employment, but also the by far larger set of self chosen purposeful activities available within an actual civilization of leisure.

“The rethinking-urgers are the ones who should rethink and study some more history and anthropology. For instance, a job guarantee is nothing but an expression of the universal idea in gift economies of the necessity of accepting a gift, or else giving a truly grievous insult.”

The use of the word “necessity” is the give away that such societies were propitiatory and authoritarian and so not freely gifting at all. While it is true that refusing an ACTUAL gift is by definition ungracious (in a propitiatory and authoritarian society it might actually be an expression of courage and moral and ethical strength) ….ACTUAL is the operative reality.

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