Aurora Groovealis
@AuroraGroove
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Interested in Science, Politics and News. All the usual caveats apply.
Earth
Joined July 2017
How could anyone ever believe this charlatan? Only a very naive audience would fall for such nonsense.
Milton Friedman: “The government doesn’t have any money. Only people have money. The government only gets money by putting its hand in your pocket and taking it out.” https://t.co/gciyymby1i
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🇨🇳 NEW | China monthly snapshot | December 2025 | Energy & air pollution | EN & CN 📉 CO2 emissions from China’s three largest emitting sectors—power, steel, cement—almost certain to fall in 2025 💡 📉 In November 2025, coal power generation was down by 5.5% YoY
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The rise of the East and the decline of the West can largely be explained by the relative power of private capital versus the state. In East Asian countries — Japan, Singapore, and South Korea throughout the twentieth century, and more recently China and Vietnam — profit-seeking
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Chief executives in the UK and the US are now paid hundreds of times more than the people who actually create value in their companies. This is not innovation or entrepreneurship – it is extraction. In this video, I explain why extreme executive pay is a driver of inequality,
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Striking new preprint study here on responsibility for climate damages. The authors have calculated the total damages caused by emissions from 1950-2022, with damages cumulated to 2100. They find that high-emitting countries impose much more damage on the rest of the
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@greengeorgemw @GrkStav MMT debunks the neoclassical description of the monetary system, on which neoliberalism hinges. The arguments to defend austerity or to avoid wealth taxes then evaporate. That opens the door to a proper conversation on how to organise our societies. That is why MMT is crucial.
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@delhi_dave @Davejones0305 @malcolm_reavell 1. The rich contribute 7% to the total tax take and many avoid tax by offshoring. If a few of them leave, the effect is minimal, taxes don't pay for public spending anyway, and their withdrawal from luxury markets is counter-inflationary. Better to create jobs for the many, which
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Why we need to tax the super rich more. Their wealth is growing MUCH faster than everyone else's. And they're using it to outbid you for real resources: housing, assets, healthcare, education and everything else of real value.
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The ultra-rich escape taxation. Effective income tax rates climb steadily for most of the population but fall sharply for billionaires and centi-millionaires.
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Hold on @RoryStewartUK. Your claim that @ZackPolanski is proposing something on the economy that, "No govt has done in Britain - ever," is simply not true. What he's suggesting is basically an updated return to the post-war consensus that stood the test of time from 1945 to
"Do you really think that if you're the leader of a party, it's not fair for people to expect to know the really basic figures..." Rory reflects on his interview with Zack Polanski.
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The idea that China’s growing trade surplus is driven primarily by a depreciating currency — rather than by rising manufacturing efficiency — is deeply flawed. Dozens of other developing countries have tried weakening their currencies to boost manufactured exports, yet none have
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@BM_Visser Interconnecties en stroomnet integratie heeft wel degelijk effect op energieprijzen. Het bespaart ons al €34 miljard. Zie EU EPRS PE 772.854 van dit jaar, ACER rapport 2022, of het rapport hieronder. https://t.co/LrXe9aodV3
https://t.co/MI4mpNFJlq
ember-energy.org
Europe’s current pipeline of cross-border transmission projects falls short of what’s required for an optimised power system in 2040.
Nee. Dit komt met name door de CO2-kosten die ook in de Europese stroomprijs doorwerken. Van de circa €80/MWh die stroom in de EU thans gemiddeld kosten is pakweg €30/MWh te wijten aan CO2.
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@afneil This is plain false. Fossil fuels are always subsidised, not just in 2022. Source IMF: https://t.co/vwWOwXQj30
https://t.co/SOw6LGr3WI
Yet another category error. Quite common among renewable zealots. There’s a world of difference in spending money to protect consumers from a sudden energy price hike caused by an overseas war – a temporary intervention tho expensive – and systemic subsidy of production, which is
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Interest-rate hikes do little to lower the price of oil or food, yet they raise debt costs and weaken labor markets, amplifying inequality. Using blunt monetary tightening against supply shocks is both inefficient and regressive. 15/16
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The affordability crisis is an inequality crisis. When prices spike in key sectors, it's not just inflation—it's a massive redistribution shock that hits poor households hardest. In our **new working paper**, we identify the sectors that matter most. A 🧵 https://t.co/i8J5zQAURx
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There’s this recurring trope that Europe is overregulated and the US is this sort of free-wheeling world where anything goes. As with everything, the reality is far more nuanced. I used to believe this trope myself… until I actually lived in Europe and experienced it. In
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19/19 Universal Basic Income is another. Together, they can form a fabric strong enough to withstand the disruptions of the 21st century.
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18/19 But as part of a broader framework, it can help build a society where care, dignity, and shared prosperity are prioritised. The real task before us is not to find one grand solution, but to weave together many. The Jobs Guarantee is on of many threads.
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17/19 basic needs. The danger lies in mistaking the Jobs Guarantee for a silver bullet. It is not. It cannot, on its own, guarantee dignity, eliminate unemployment for all, or stabilise economies in the face of automation.
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