Green Brads 💚🇵🇸🏳️‍🌈 ⚣

It's time to re-design economics. We've had 50 years of this model, and it's busted.

[Green Brads 💚🇵🇸🏳️‍🌈 ⚣ @green_brads]

Mean words are fine now? WHORE FOR GINA, LIBERAL REJECT, ONE NATION ISRAEL. Maybe go the full derro: SHITCUNT.

[Pauline Hanson 🇦🇺 @PaulineHansonOz]

I’ve been called so many things over my career, it’s water off a ducks back now.

If some mean words are enough to shock a “leader”, how can they be trusted to run a state with millions of people?

Peoples lives are in politicians hands. We’ve got more important things to fix right now for the Australian people than being called mean names.

[Green Brads 💚🇵🇸🏳️‍🌈 ⚣ @green_brads]

@AntonyGreenElec In Earlwood too

[Green Brads 💚🇵🇸🏳️‍🌈 ⚣ @green_brads]

@blakandblack I did, but it started with the words "Barnaby Joyce" so I scrolled by...

[Green Brads 💚🇵🇸🏳️‍🌈 ⚣ @green_brads]

@blakandblack To aspirate is a medical term, meaning "to choke on your own vomit". It's fun to think of that every time the vampire-class landlord lobby tries to con us that ordinary peoples' "aspirations" are being "assaulted".

[Green Brads 💚🇵🇸🏳️‍🌈 ⚣ @green_brads]

@DrCameronMurray More related to growth in credit, just like Schumpeter said. Everyone loved "creative destruction", but they ignored that little gem. If you take those charts back to 1989, does the decline in price growth match the decline in credit growth in Japan during the debt deflation?

[Green Brads 💚🇵🇸🏳️‍🌈 ⚣ @green_brads]

@swrighteconomy Maybe, in the neoclassical mythology, because that is what the Cobb-Douglas production function says. But in the accounting view, statistics tell us a 10% fall in energy supply = near 10% fall in production. And that's before any supply chain issues or financial fallout.

[Green Brads 💚🇵🇸🏳️‍🌈 ⚣ @green_brads]

One Nation, Israel

[blakandblack @blakandblack]

Sorry Pauline … I want people in Aussie parliaments, especially federal parliament, to put the interests of Australia and Australians first…

For the record: Israel isn’t Australia‼️

NB: can you ask your Israeli mates to stop destroying/desecrating Aussie war graves in Gaza‼️

[Green Brads 💚🇵🇸🏳️‍🌈 ⚣ @green_brads]

@RaniaKhalek I would love to see a media org collectively owned by its reporters and journos. That would be a truly free press.

[Green Brads 💚🇵🇸🏳️‍🌈 ⚣ @green_brads]

@DavidShoebridge I'm sure Penny is deeply concerned.

[Green Brads 💚🇵🇸🏳️‍🌈 ⚣ @green_brads]

@noplaceforsheep @SenSHenderson Antisemitism? FFS, probably just a shit song. Dunno, I boycotted it 😀

[Green Brads 💚🇵🇸🏳️‍🌈 ⚣ @green_brads]

@SecessionWA Don't let the door hit your arse.

[Green Brads 💚🇵🇸🏳️‍🌈 ⚣ @green_brads]

@yanisvaroufakis He's a vampire.

[Green Brads 💚🇵🇸🏳️‍🌈 ⚣ @green_brads]

@AIJAC_Update Yeah nah. We've seen the video.

[Steve Hall @ProfHall1955]

What's likely to happen next in the global economy? I'll keep it as simple as possible.

Firstly, the most significant sudden shortage in energy supplies in our history will cause supply-side inflation as the prices of most everyday goods rise. The bond market parasites will demand higher yields and longer maturities, spooking governments about deficit spending, which will have to rise anyway because of increased welfare demands caused by increasingly precarious employment. Irreconcilable tension right away.

Secondly, consumption and aggregate demand will fall, stalling growth and combining with inflation to cause what we used to call 'stagflation'. Skyrocketing prices will trash aggregate demand, asset prices, investment, employment and tax revenue, leading to a reversal into the realm of deflation, as experienced during the US Great Depression. Higher interest rates will further limit investment and state spending, tipping the whole shebang into a deflationary vortex.

Thirdly, states will have to react. So will voters. Far-right populism could expand, so the left will have to stop pissing about with identity politics and get back to political economy. The only partially effective measures capable of pulling back deflation, preventing widespread poverty and quelling civil unrest would be price controls, defict spending, public investment and employment, nationalisation of all infrastructure and key industries, a huge shift in progressive taxation aimed at the wealthy, negative bond yields (or the elimination of the primary and secondary bond markets), tarrifs on selected imports, and strict capital exchange controls.

Of course, the global creditor class would see all this as more instability and a threat to their power and free money. They would hoard their money, squeal for higher yields and interest rates and launch mass-media ideological campaigns to discredit politicians and intimidate voters. Hordes of irredeemably stupid individuals would agree with them and support the misery as an essential 'market correction'. Hours of fun on X.

Sounds very messy, doesn't it? So messy, in fact, that we might as well forget the whole thing and revive the only serious antidote and alternative. It's called socialism. It's not the most easily administered system, and some of the more avaricious, narcissistic and entitled individuals would experience limits on their economic freedoms, but anything is better than the chaotic lunacy that is late-stage capitalism.

[Green Brads 💚🇵🇸🏳️‍🌈 ⚣ @green_brads]

@ProfSteveKeen It's acronym makes a great name for it: SRPiESiMoAN

[Green Brads 💚🇵🇸🏳️‍🌈 ⚣ @green_brads]

Billionaires don't "make" wealth, they take it. From us. Then, they invent a moral justification for their exploitation and abuse, and buy a media company to pump it down our throats. Vampires.

[CNBC @CNBC]

Jeff Bezos: "If I do my job right, the value to society and civilization from my for-profit companies will be much, much larger than the good that I do with my charitable giving."

[Green Brads 💚🇵🇸🏳️‍🌈 ⚣ @green_brads]

Spanish sticker art 💯

[Fumador Licenciado @Ayudadme_]

Me flipan estas pegatinas que están x mi ciudad esto es arte contemporáneo 😭😭

[Green Brads 💚🇵🇸🏳️‍🌈 ⚣ @green_brads]

@AlboMP A majority so huge, yet only pissweak incrementalism. It ill behoves a Green to tell you, so I suggest instead of "consulting stakeholders" (donors), try asking the members of your own branch.

[Green Brads 💚🇵🇸🏳️‍🌈 ⚣ @green_brads]

@techAU At this point, I'd rather have the Chinese listening than the Yanks.

[Green Brads 💚🇵🇸🏳️‍🌈 ⚣ @green_brads]

@JaneCaro Our First Nations are being extraordinarily generous. There is no treaty, and this land was never ceded, so it is their legitimate and legal right to militantly resist the occupation of their land.