Phil Lormer

[Phil Lormer @LormerPhil]

Are you one of those who benefited from the last 50 years or one of the many more who did not? This video will tell you why!

[Prof. Steve Keen @ProfSteveKeen]

Keir Starmer is the sixth British prime minister to resign without finishing his term. Six.

And everyone keeps treating each one as a separate accident.

It is not an accident.

It is a pattern, and I can date it to 1975.

That is when we swapped full employment for neoliberalism. The pitch: deregulate, shrink the state, and growth will be so strong you will not need public services.

We have had 50 years to test it.

Per capita growth fell from about 4% a year to under 2%. Hold the old course and Britain would be 1.35 times richer today.

What grew instead was private debt. Politicians watch the government's books. The danger was building in everyone else's.

In Britain it trebled to 180% of GDP. That money did not build anything. It pumped up housing and a stock market now more overvalued than before the 1929 crash.

Starmer was not uniquely bad. He was just applying textbook economics he probably learned at 18 and never questioned. That is why I do not expect this to stop at six.

For a more comprehensive understanding, please refer to the full video presentation provided in the comments.

#SteveKeen #Economics #Neoliberalism #UKPolitics https://t.co/EXxjv4f4Ut

[Phil Lormer @LormerPhil]

@BenjaminNorton It seems China has returned to normal prices for houses. Let’s hope we can do that here.

[Ben Norton @BenjaminNorton]

As Chinese officials say, "Houses are for living, not for speculation".

But Wall Street sees real estate as a speculative asset to get rich. So when housing becomes more affordable for average working people, US investors complain the "gains" (for rich landlords) were erased.

[Phil Lormer @LormerPhil]

@DrewPavlou Japan never planned a full scale invasion of Australia. Japan attacked Australia because we hosted US ships and military. Australians love some of the things the US stands for and hope those things can remain after the Trump regime.

[Phil Lormer @LormerPhil]

@CreativeDeduct Pick one axiom out of many and extrapolate from there? Not even looking at whether the extrapolations have anything to do with reality? Fundamentally different to ensure people don’t check against reality. That is a cult.

[Phil Lormer @LormerPhil]

@sowelleconomics Under slavery kids may have been raised in two-parent families but often not the same family. Families were separated when they were sold and ended up in another family. This was specially when slaves moved to the cotton fields of the South. In the 1960s people were given choice.

[Phil Lormer @LormerPhil]

@DrDingus2025 @nxt888 Hegseth is doing a good job of celebrating violence. Trump encourages it and causes violence to be perpetrated at home and abroad.

[Phil Lormer @LormerPhil]

@babywhitemonkey @nxt888 US worships money too. Everyone strives for it, only some have a lot. A few people deprive the many people of it, through low wages, high prices, owning the resources and limiting government. Congress limits government spending so there are more guns, less bread.

[Daya Kudungu @HarYohAkwan]

@nxt888 @PiersUncensored celebrates the assassinations of Middle Eastern leaders, and calls it a great achievement of the US and Israel when they commit terrorism and grave war crimes. He is a typical example of what your post illustrates. He rejoice about the IDF pagers attack in 🇱🇧

[Sony Thăng @nxt888]

The person who celebrates organized violence as the highest human achievement has told you something important.

Not about power.

About themselves.

They have told you that they have found no other source of meaning.

That the hierarchy their side sits atop is the only thing that makes them feel located in the world.

That without the domination, without the ability to point at the subordinated and say, "See, we are above them, therefore we matter," they would have to locate their worth somewhere inside themselves.

And they have looked inside.

And they have found the looking uncomfortable.

So they point outward.

At the conquered land.

At the defeated enemy.

At the gap between their currency and yours.

"This is what I am. This is what we built."

A person who has fused their identity with their civilization's capacity for violence is not describing strength.

They are describing the specific terror of a person who suspects, somewhere beneath the noise, that without the violence they would have nothing to say about who they are.

The loudest celebrations of power are always the most frightened.

The genuinely strong do not need you to be weak.

Only the hollow do.

[Australia Institute @TheAusInstitute]

In the social media age, focusing on 'announceables' for TV doesn't go far in convincing voters.

"If Albo wants to cut through, he has to cut through by doing big things people care about, and convince them those big things are going to make their lives better."
#auspol

[Phil Lormer @LormerPhil]

@CISOZ The CIS doesn’t appear to be independant of discredited neoliberal economics (neoliberalism failed spectacularly in 2008). They still want us to believe this spin.

[Phil Lormer @LormerPhil]

@CISOZ Why listen to Robert Carling’s figures rather than the government’s? This is a projection - a guess. Even so, what is the significance? The deficit is the Government’s overdraft at the Reserve Bank - which is also part of the Government. The Government owes itself a lot? So what?

[Phil Lormer @LormerPhil]

@TheIPA The return to normal tax rates has resulted in some modest decrease in house prices in some places. It’s not a massive fall. Stop scare mongering. You know these tax breaks for speculators has been one of the factors driving up house prices and inflation.

[Phil Lormer @LormerPhil]

@dailytelegraph Good, I hope it keeps investors spooked. Maybe then governments can get on with building decent homes at a reasonable price, especially social housing.

[Phil Lormer @LormerPhil]

@SenatorSeanBell A vote for One Nation is a vote to make everyone comply with its blinkered vision of Australia.

[Phil Lormer @LormerPhil]

@AngusTaylorMP Multiple property owners - Labor is taxing you so you don’t buy even more houses to prevent others from buying them. Don’t you know that’s one of the main purposes of tax? To stop the well off taking most of the resources, while others have the piddling resources that are left.

[Phil Lormer @LormerPhil]

@Ryandally08 Yes, middle class people start out as lefties because they are educated. But because they are educated they have the opportunity to run a business or buy a home, or two, or three … . Then they realise how crap lefty ideas are if you want to keep doing that.

[James Tate @JamesTate121]

Why are we doing this what has cuba ever done to the people of the United States?

[Phil Lormer @LormerPhil]

@JamesTate121 And, as usual, the people will blame the Cuban Government, not the US Government. That’s always what the US does to maintain or expand its empire.