Ep 288 - RP Live Presents: Fiat Socialism with Carlos Garciá Hernández

Macro N Cheese

In June, Real Progressives hosted a webinar with Carlos García Hernández on his book, Fiat Socialism: Achieving the Goals of Socialism Through Modern Monetary Theory. After hearing his Macro N Cheese interview last year, we wanted to open the door for our volunteers to ask questions and engage with Carlos on this topic. He is an important voice applying the insights of MMT to socialist theory.

“‘Fiat socialism’ is my name for an open and prosperous society ruled by the principles of the Modern Monetary Theory and functional finance.”

In talking about his book, Carlos laid out the goals of fiat socialism:

• Full employment
• Full and prudent use of material resources
• The guarantee of the five essentials to every citizen: food, housing, clothing, health services, and education
• Social security at all major exposed points in the social structure (eg, old age, sickness, accident, temporary unemployment, and childbearing)
• Labor standards, to be assured by labor unions

This episode includes his presentation followed by Q&A with the event’s attendees.

Carlos García Hernández is the founder and director of Lola Books, a publishing house that has introduced MMT to Spanish and German readers. He is the author of Fiat Socialism: Achieving the Goals of Socialism through Modern Monetary Theory.

@Carlos_G_H_ on Twitter