Jamie Smith
@JGS952
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29, Physicist, Engineer, Constantly in a superposition of disappointment and pride with the world.
Hampshire, UK
Joined October 2011
"To those who say that in the sixth largest economy on Earth. we must first tolerate rising poverty in order to bring it down later, we have to reply: that is not economic realism, it is moral and political failure dressed up as pragmatism.". 🔥🔥🔥.
It really is not rocket science. If this Labour government is to rebuild the country, it must start with the scourge of poverty – in all its forms. There can be no credible definition of success that does not include its eradication as a central goal. To those who say that in.
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RT @wmhuo168: Milton Friedman was wrong about almost everything. So why is his zombie economics still running the world?. .
newyorker.com
The free market used to be touted as the cure for all our problems; now it’s taken to be the cause of them.
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RT @DoubleDownNews: BREAKING: Palestine Action has been denied a court injunction to oppose its proscription as a terrorist organisation.….
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. costs of activities like a gambling industry should not be so easily tolerated. In a near future dominated by increasing climate and real resource pressures, we can't afford to actively promote wasteful real production when there is much need for alternative provision.
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Gambling, they'd say, provides entertainment services to consumers and lots of jobs. Clearly, by virtue of where they spend their money, consumers gain utility from the transaction and all is well. But a wider political economy view understands the social and real opportunity. .
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This is a great example of the complete mismatch between a classical or neoliberal view of organising scarce resources (allow "free market" price mechanism to allocate "optimally") and a modern political economy with renewed focus on public purpose and socially useful production.
Government policy is to grow the gambling industry. That means more addiction and more suicide. Time for a rethink. - @cleanupgambling.
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RT @SaulStaniforth: "We welcome migrants, we don't scapegoat them. Low wages, poor housing, poor public services, are not the fault of migr….
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We may be in an era of five party politics. But there’s only really two sides. Our side: a politics of love, compassion and community. With the ideas to transform Britain. And their side: a politics of anger, division and blame. Posing only a risk to Britain. So I say to the
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This is why it is so self-defeating to insist that taxes "finance" gov spending. It leads you to the ridiculous conclusion that we need money from Jim Ratcliffe to hire a new nurse or buy a pylon. Real wealth cannot "leave the country". If billionaires move, let them.
“We need to make a decision as to whether we want millionaire’s cash to go into the Exchequer or not” . “We have given the literal assets of this country to very, very, very wealthy people”. Journalist Camilla Tominey and economist Gary Stevenson debate taxing wealth. #bbcqt
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The truth is it's not, and the perceived constraint of financing is throttling political ambition because so many falsely believe it's binding and insurmountable. A challenge of the conventional wisdom of BoE monetary dominance when combating inflation should be prominent imo.
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I do wish the discourse on this issue would stop framing it as "oh, if only we'd developed our capital stock when the BoE chose to hold policy rates down. Now they've increased them, it's too damn late!". As if our real capacity to build out infrastructure is somehow less now.
Kind of wild but. decisions made by Tories 2010-16 on public investment - and choosing fiscal conservatism over building things with ultra cheap credit - probably condemns Britain to a very bad 21st century. We tried folks! Our institutionally stupid media cheered it all.
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RT @jasonhickel: The Western ruling class considers China's technological development to be a threat because it undermines a core tenet of….
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Sure, the Palestinian people have "bourne the brunt of this conflict", but Starmer wants to highlight that it was triggered by the "brutal terrorists of Hamas" without so much as a subordinate clause attributing their suffering to Israeli War Crimes.
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It amuses me how all the Very Serious People (TM) never seem to understand that until Israel is held fully to account for its direct atrocities, no progress will ever be made. Read this from Starmer, the lack of any strong language and rhetoric condemning Israel is stunning.
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RT @BenjaminNorton: These Western professors of neoclassical "economics" who boast of having never read Adam Smith or Marx are illustrating….
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RT @rahmstorf: Latest NASA global temperature data. Earth has never been hotter since Homo sapiens discovered agriculture in the early Holo….
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Overall, this budget represents a significant boost to public provision compared to austerity over the last decade. But demographic shifts in labour supply, continued climate & geopolitical pressures on output and critical commodities such as food and energy require even more.
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