Summary
Rep. Alexandria Ocasio-Cortez denied claims that she is secretly wealthy, stating she is worth less than $500,000 and doesn’t trade stocks or take corporate money.
Her financial disclosures show modest savings and student debt.
Some conservatives on X, despite opposing her politics, praised her perceived integrity.
Accusations of political corruption have surged online, partly fueled by Elon Musk.
Being dishonest you have a bigger selection of instruments to gain power. So politicians are more likely to be dishonest than the average person. And then a dishonest person would use the opportunity.
Anyway, cool for AOC to be honest, but unfortunately her views (specifically support of MMT) are a certain way to nuke the economy of the USA.
If we detach ourselves from the emotional part (suicides, hunger deaths), it may even be liberating, if USD as a currency takes a 10000x inflation in a year or so, while big businesses reliant on American system of connections grown by decades of stability die. US main capital is still human capital, competent people and their knowledge. No hyperinflation will kill that, if recovery is quick enough.
Except that’s not the way people like AOC promise.
I didn’t realize it was that part of the circus where conservative centrists clowns do a bit for us to laugh at them for.
Neither did I, turns out that yes and you are the clown. Why - because you’ve used a long comment for the sole purpose of “friend-or-foe” determination. I dunno how to call people doing that. If all this was incomprehensible for you - I’m not a conservative.
Im not the clown wasting their breath attacking one of the only politicians who is actually resisting the fascist takeover and destruction of the US government literally happening as you rant emptily about “inveitable” eventualities of AOC’s policies.
You could not pick a better moment to demonstrate how fundamentally unserious your politics are in this context.
Wake the fuck up and realize who your actual enemies are, you dangerous fool.
It feels like all the people here criticizing her for fantastical or illogical reasons (usually a mixture of both) are just envious of her.
They would all also get hilariously demolished by her on a debate about policy and political strategy.
…which honestly it never gets old for me watching progressive leaders like her dress down people like this to their face.
The US economy gets nuked every 8-12 years thanks to private equity and boom-bust capital trends. MMT just moves the ball out of the hands of a cartel of hedge funds and into the hands of the US Treasury. I’ll happily agree that its not sufficient to solving the problem of malinvestment and industrial waste. But that’s precisely because its an extension of Keynesian-cum-Friedmanite monetary theory of economics. At some point, you have to take account of real assets, not just float around fictitious capital.
You don’t get inflation like that under Eisenhower/Carter era tax laws. MMT, in practice, is still predicated on some degree of currency recapture. You’re just replacing credit elasticity through private lenders with spending elasticity through public spenders. “Here’s a $500k loan, build a house and pay me back at 6% APY” isn’t meaningfully different than “Here’s a $500k grant, built a house and your builders are going to pay me back 6% VAT”.
AOC promises a large public investment in value-adding infrastructure. She’s just proposing direct payment rather than tax-incentivized private investment.
ftfy
Reminds me of that Hashek quote about “sir, you’ve taken the pollen of my innocence” from a girl whose shoulder a boy touched.
Anyway, maybe you’re right.