(MMT) is getting a lot of attention these days, thanks in large part to the excellent work of and Nathan Tankus, two of the movement’s most effective… - Jason Hickel

Capitalism relies on maintaining an artificial scarcity of essential goods and services (like housing, healthcare, transport, etc), through processes of enclosure and commodification. We know that enclosure enables monopolists to raise prices and maximize their profits (consider the rental market, the US healthcare system, or the British rail system). But it also has another effect. When essential goods are privatized and expensive, people need more income than they would otherwise require to access them. To get it they are compelled to increase their labour in capitalist markets, working to produce new things that may not be needed (with increased energy use, resource use, and ecological pressure) simply to access things that clearly are needed, and which are quite often already there.

The same process of enclosure and forced played out over and over again during the period of European colonization – not just under the British but under the Spanish, Portuguese, French and Dutch as well ... In all these cases scarcity was created, purposefully, for the sake of capitalist expansion.

was intended to be a war-time measure, which is why it is so single-minded – almost even violent. It tallies up all money-based activity, but it doesn't care whether that activity is useful or destructive.