Mixolydian

[Aaron Bastani @AaronBastani]

Corbyn, the most actively anti-Putin Labour politician from 2000, was called a Russian patsy by this guy and his faction.

[Tally Sticks @widespreadhaze]

@jeremycorbyn Money comes from Parliament upon HM Treasury's request.

[hex_init 🏳️‍🌈 ☭ @hex_init]

"Laws of economics" lmao

[Zack Polanski @ZackPolanski]

The can doesn't need to kicked down the road, again. People have had enough of tinkering around the edges.

Bold changes now. We are in crisis.

Rent controls, wealth taxes, public ownership of what is ours.

Real change.

[Prem Sikka @premnsikka]

Liz Truss-style bond crisis could be on the way, says bank.

The City wants Andy Burnham to appease bond markets, privatise everything, cut govt spending

Speculative finance destroying govt sovereignty.

Need Tobin Tax, controls on capital flows (Keynes).
https://t.co/XPdu0me0Vq

[Steve Hall @ProfHall1955]

After a huge amount of multidisciplinary reading, I'm about to embark on my 12th book. It's an attempt to tie together economic history, anthropology, politics, sociology and neuropsychology to explain the development of 'money-power' from the Bronze Age, the control of the issue of money as credit. @winlow_s and I want to follow the trail of Hudson and Graeber but dig deeper into the 'emotional credibility' that fuelled and justified the development of systems of transferable credit - systems which over time abstracted and monetised a diversity of real values and functions. A principled outcome of the social battle over the issue of money as credit for specific down-to-earth purposes is essential to our survival. Dead easy, eh? For the first time, I'm not sure we can complete the task we've given ourselves - and as first author it's really daunting for me - but we'll try. Wish us luck!

[Sony Thăng @nxt888]

That map is not a map of intelligence.

It is a map of what happens to test scores when you systematically destroy a population's access to nutrition, stable schooling, and economic security for several generations and then hand them a pencil.

The countries coded darkest red on that map are, without exception, the countries most thoroughly extracted by European colonialism.

The Congo. Sierra Leone. Mozambique. Mali.

These are not coincidences sitting next to each other on a map.

These are the predictable, measurable, documented consequences of specific historical events being laundered into a biological argument by people who need the consequences to look like causes.

The map doesn't show you African intelligence.

It shows you the invoice for European colonialism, repackaged as a nature documentary.

[Malcolm Reavell @malcolm_reavell]

@sheeza_blade This is the only time the media will refer to government spending as “public money” instead of “taxpayer money” because they don’t want you to be angry at the monarchy and demand it cease, they want you to be angry at the NHS so they can cut its funding instead.

[Zack Polanski @ZackPolanski]

When politicians and media say ‘difficult choices’, that’s code for working class people about to be screwed.

[Stephanie Kelton @StephanieKelton]

Abolish fiscal rules and the agencies that enforce them? Galbraith makes the case. (This is for you too, 🇬🇧)
"The budget process cultivates and perpetuates the idea that smaller deficits are better than large ones..." 1/

[Steve Hall @ProfHall1955]

He's at it again. He supported the global 'free-market' and deindustrialisation. Embarrassing, but on and on he goes like a robot with nary a hint of shame or apology. He must have a hide like a rhinoceros.

[BladeoftheSun @BladeoftheS]

Mamdani is just a Democrat from the 1970's when the Democrats weren't completely owned by billionaire donors.

[Zweil @somethings_awry]

@SWoeten @jadedconsultant Because I actually care about making my country a better place, and criticizing a system is how we improve it. My entire life is here as well. Wanting to improve the lives of those around me and my country is 1000x more patriotic than whatever system you're operating under.

[Sony Thăng @nxt888]

The moment a political movement in America threatens actual class power, not cultural norms, not symbolic representation, not rhetorical radicalism, but the actual redistribution of resources from people who have too much to people who have too little, the response is not debate.

The response is destruction.

Not always physical.

Character. Credibility. Association. Legal. Financial.

They destroyed the Black Panther Party’s free breakfast program, which was feeding 20,000 children a day, not because it was violent, but because it was effective and it was building the wrong kind of politics.

J. Edgar Hoover called it the most dangerous program in America.

A breakfast program.

For children.

That is the tell.

They will tolerate any amount of radical aesthetics, radical language, radical identity politics.

The line is drawn at the moment the politics touches the money.

Remember where the line is.

It tells you everything about what they are actually afraid of.

[Anonymous @YourAnonNews]

LOL

[Prem Sikka @premnsikka]

UK on track for the 2020s to be the worst decade since the 1920s.

Govts intoxicated with neoliberalism, growing finance industry, privatising everything, prisoners of the City.

Must jettison neoliberalism, embrace equitable distribution of income/wealth.
https://t.co/XW5HbngMoY

[D Laws 💙 @d_magpie]

@BBCNewsnight Or instead the UK Govt could

End the Full Funding Rule

Set new mandates for the Bank of England

Engage in direct public investment

And none of the above doom-laden nonsense would happen

Should UK Govt serve the needs of rich bosses (via the status quo) or serve our needs

[David McNab @[email protected] @DavidMcNab17]

4/4… bond buyers, credit rating agencies, and financial markets—for its spending capacity.

This is the story of how that illusion is constructed, maintained, and occasionally shattered…

@labourlewis @CHinchliffMP @garyseconomics @meadwaj @graceblakeley @ZackPolanski

[David McNab @[email protected] @DavidMcNab17]

3/4
Between these two moments lies the architecture of manufactured precarity: the fiscal rules, the independent watchdogs, and the elaborate political theatre designed to convince the public that the government depends on the kindness of strangers…

[David McNab @[email protected] @DavidMcNab17]

2/4
It is created, ex nihilo, by the sovereign authority of the United Kingdom.
By late afternoon, the Debt Management Office (DMO) may sell gilts to drain the reserves created that morning—a settlement operation dressed up as a funding mechanism.