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/leftypol/ - Leftist Politically Incorrect

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File: 1627229720408.png ( 869.43 KB , 940x466 , trotskycolor.png )

 No.401026

Why exactly did Trotsky support the gold standard? Was his support of it reasonable at the time? Concerning the fait currency debate, how should a modern Marxist this dilemma?
>inb4 this isn't worth a thread
Then you should've replied to the question when I posted it in the QTDDTOT thread.
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 No.401058

Protecting his Jew gold obv(Indistinguishable from /pol/)
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 No.401110

probably contrarianism, as with most things trotsky
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 No.401157

File: 1627232650711.png ( 19.36 KB , 184x249 , leftypol_in_a_nutshell.png )

>>401058
Im so fucking sick of this site
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 No.401164

>>401157
Its getting really boring around here. No wonder why all the effortposter are slowly leaving, if they have not already left by now
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 No.401165

>>401164
image board cultures in general are losing it's luster haven't they?
That being said leftypol does have eras of shit and gold so eh
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 No.401172

If you aspire at all towards the "scientific" socialism espoused by Marx and Engels, you'll recognize that modern monetary theory has all the actual empirical support behind it. Goldbuggery is wrong and stems from an ahistorical understanding of money.
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 No.401175

>in the QTDDTOT thread
Let's be honest those kinds of threads have only ever functioned to kill the rate of engaging, informative discussion thread creation.
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 No.401209

I tried looking it up, it seems that his claim was specifically about the Soviet Union, and he was afraid that basing the Rubel on something other than gold would exclude it from the global market which would lead to the decline of the economy.
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 No.401216

>>401026
At the time pegging the currency to gold was seen as a way to stabilise prices and prevent massive inflation, either that or integration into the world financial markets and access to state foreign currency exchanges that would ensure the good reputation and reliability of the currency abroad. At the time the nascent soviet state was severely lacking in the latter due to the whole 'everyone else wants us dead' factor so the gold standard was the natural alternative.
Fiscal policy and the thinking about inflation changed a lot since the 20s and no one holds to the gold standard anymore, so none of the conditions apply and the question isn't relevant to modern conditions.
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 No.401224

>>401164
Lol this already happened with oldbo purges

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