Stephen Torsi

Shouting at the system won’t make it work | next paradigm | next economy | #Melbswest (Views are my own).

[Stephen Torsi @STorsi]

@RelearningEcon @threadreaderapp unroll please

[Isabella M Weber @IsabellaMWeber]

Polanyi on the rise of fascism:

"the victory of fascism was made practically unavoidable by the liberals' obstruction of any reform involving planning, regulation, or control."

[Stephen Torsi @STorsi]

@JKSteinberger This might help https://t.co/468Kyo2QLE

[Prof. Stefan Rahmstorf 🌏 🦣 @rahmstorf]

The 2024 state of the climate report: a report by leading international scientists on recent trends in planetary vital signs.
(Ignore at your peril.)

https://t.co/UqEDLs3hqC

[Ted Reese @Grossmanite]

The decaying nature of capitalism illustrated by Premier League football shirt sponsors

[Clinton Alden - Principal Systems Theorist @ClintonAlden]

US Government = Currency Issuer
State Gov. = Currency User
Local Gov. = Currency User
Corporations = Currency Users
You, Me = Currency Users

If you consider yourself on the Left but don't understand, I've written several substack posts, in layman's terms, to help explain.
🧵

[MMT Podcast (Christian Reilly) @MMTpodcast]

Reminder: the UK government cannot run out of money.

There was never, and will never be a fiscal black hole.

The government’s deficit is the non-government’s surplus.

The government’s (so-called) “debt” is the non-government’s net financial asset.

We’re the non-government

[Stephen Torsi @STorsi]

@JosephNWalker @threadreaderapp please unroll

[Isabella M Weber @IsabellaMWeber]

For the first time since WWII, an extreme right party came 2nd in German national elections. Their rise was fueled by austerity and free market economics.

To defeat the far right, we must adopt an anti-fascist economic policy that provides an alternative to the status quo.

[Morten N. Støstad @MortenStostad]

Inequality is an externality

[The Technorati @TheTechnorati]

https://t.co/lwmRwMZlyO

[Stephanie Kelton @StephanieKelton]

"Under the proposal...government would not issue interest-bearing securities to the public...Deficits or surpluses in the government budget would be reflected dollar for dollar in changes in the quantity of money." 1/ ~Uncle Miltie

[Warren Gunnels @GunnelsWarren]

Welcome to the Divided States of Oligarchy:

Elon Musk Wealth
2012: $2 billion
2025: $449 billion

Jeff Bezos Wealth
2012: $18 billion
2025: $245 billion

Mark Zuckerberg Wealth
2012: $44 billion
2025: $217 billion

Federal Minimum Wage
2009: $7.25 an hour
2025: $7.25 an hour

[Modern Money Lab @modernmoneylab]

Celebrating our first Masters graduates in the Economics of Sustainability program, December 2024.
"Honoured to know everybody here and have loved every minute of the learning!" - Christian Reilly, @MMTpodcast
Thinking of joining us? Find out more at https://t.co/JQ9jAczD4g

[Stephen Torsi @STorsi]

@ClintonAlden @threadreaderapp please unroll

[The Conversation - Australia + New Zealand @ConversationEDU]

Between 2002 and 2018, some groups actually increased their wealth on certain measures. For young people and middle Australians, experts from @unimelb @RMIT and @Sydney_Uni say it’s a more sobering picture. https://t.co/954c2kvW5S

[Mad In The UK @MITUKteam]

https://t.co/I27OXDGcvi

[Common Wealth @Cmmonwealth]

The finance deal at #COP29 falls short of what’s required & risks increasing reliance on an extractive private sector-led development model

🔗 Our joint report w/ CPE on an alternative focused on global solidarity, institution building & public investment
https://t.co/2UlQG0BLWW

[CUSP @CUSP_uk]

The False Economy of #BigFood—New analysis for @FFC_Commission has found that the costs of Britain’s unhealthy food system amount to £268 billion every year—almost equivalent to the total annual UK #healthcare spend. The report by CUSP co-director @ProfTimJackson provides the first comprehensive estimate of the food-related cost of chronic disease, caused by the current food system. → https://t.co/xDidUgajFh

[Prof James Davies (PhD) 💭 @JDaviesPhD]

"A psychiatric diagnosis.....contains a narrative about what progress or recovery should look like...dictating a person’s sense of self... intruding so deeply into their identity that it may be difficult to imagine an alternative way of being".
https://t.co/XL4o91tMuw