A view on Monetary Theory and Democratic Socialism

Jan. 2.– Medicare for All has quickly become a principal rallying cry for many progressives and leftists alike. Organizations ranging from Our Revolution, National Nurses United and certain branches of Democratic Socialists of America (DSA) have done much of the day-to-day work to bring single-payer health care to the forefront of political debate. Their efforts have helped push Medicare for All to the floors of the United States Senate and House. Currently, there are 16 senators and 120 Congress people cosponsoring Rep. John Conyers' (D-Michigan) Expanded & Improved Medicare For All Act. 

With greater congressional backing of Conyers' bill and the grassroots surge in democratic socialist politics, questions have moved from the desirability to the viability of programs like Medicare for All. Partisans and opponents of social democracy alike are wondering, "Single-payer health care sounds great, but how can we pay for it? How can we pay for any universalistic program without going bankrupt?" If democratic socialists see social democracy as one of the key stepping stones towards a truly egalitarian society, the issue of how we can sustainably finance such programs is of the utmost importance.

• The clerics are struggling to control widespread unrest
• Protests have engulfed several cities in Iran
• Iran death toll rises as protests continue ← click for more 

 Midle East, Jan.2.– Incredibly, religious hardliners may have started the protests that have spread across Iran. Preachers in Mashhad, Iran’s second city and a stronghold of the clerical regime, called their followers onto the streets on December 28th to protest against rising prices, most recently of eggs. Many of those who turned out supported Ebrahim Raisi, a conservative cleric, in the presidential election last May. “Death to Rouhani,” they chanted, referring to President Hassan Rouhani, whose liberal economic policies they oppose and whose budget in December called for sweeping subsidy cuts.  

But their cries have been drowned out by a far broader swathe of Iranian malcontents. Even as the hardliners retreated, the protests spread to more than 20 cities, where Iranians of all stripes voiced pent-up anger over a lack of economic and political progress.