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

[Robert Reich @RBReich]

Elon Musk’s DOGE officially ended over the weekend.

Never forget the damage and chaos DOGE left behind.

[Mike Hudema @MikeHudema]

“French parking lots could soon generate as much electricity as 10 nuclear power plants” https://t.co/OPm0attHoF

We have so many solutions. Stop the delays and implement them. #ActOnClimate

#climate #energy #renewables #GreenNewDeal

[Sony Thăng @nxt888]

They talk about corruption like it arrives from outside.

Like it floats in on a boat from somewhere "less civilized."

Like it is a pathogen that healthy Western institutions catch from contact with the developing world.

But follow the money.

The hedge fund manager who crashed the housing market in 2008 and received a bailout is not corrupt in the way a Nigerian customs official is corrupt.

He is too big to be corrupt.

His corruption has been institutionalized, legalized, given a office in lower Manhattan and a speaking fee and a podcast.

The revolving door between the Pentagon and defense contractors is not corruption.

It is a career path.

The pharmaceutical company that buys the patent for a drug it did not develop and raises the price four thousand percent is not corrupt.

It is "maximizing shareholder value."

The corruption of the periphery looks like a brown envelope passed under a table.

The corruption of the center looks like a lobbying budget, a regulatory capture strategy, and a former senator on the board.

One of these corruptions gets prosecuted.

One of these corruptions writes the laws that define what corruption is.

[Bernie Sanders @BernieSanders]

The Big Tech oligarchs want to replace tens of millions of jobs with robots. They want robots teaching our kids.

Is this the future we want for humanity?

[Phil Lormer @LormerPhil]

@DavidPocock Re-export of oil and Australian gas is a major revenue source for Singapore. Below, a picure I took flying out of Singapore last year, tells the story of what a major industry the refining and re-export of Middle East oil is for Singapore. Similar re-export of Australian gas?

[Phil Lormer @LormerPhil]

Corruption in high places

[Power to the People ☭🕊 @ProudSocialist]

We do not live in the greatest country on earth. That is the lie they tell us to conceal that we live in the greediest country on earth.

[Phil Lormer @LormerPhil]

@PaulineHansonOz No Pauline, Governments have been doing everything they can to avoid net-zero policies, kicking the can down the road for decades. That’s why electricity is expensive. That and giving away our energy resources to foreign enterprises to raise cost here.

[Robert Barwick @RobbieBarwick]

A minor detail that I'm not seeing in the Australian media reporting tonight. #abc730

[Peter Cronau @PeterCronau]

News Corp may now finally be held to account in a court of law for its hate-mongering.

“Over two years, we've collected evidence to show News Corp have run an agenda that said Palestinians have a sick culture and are less than human.”

[Mark Ogge @MarkOgge]

The foreign owned corporations exporting Australia's gas to make an extra $27 billion in windfall profits this year.

Our Government will give them most of this gas for free and Australians will get virtually nothing

Support a 25% tax on gas exports!✍️👇
https://t.co/yGgj1tLJB8

[Andrew Wilkie MP @WilkieMP]

It’s hard to take seriously the Govt’s claim it’s interested in protecting children when their gambling 'reform' still allows 3 gambling ads/hr on TV and virtually unlimited ads online. We must stop letting these companies groom kids to gamble. #auspol

[Mike Hudema @MikeHudema]

In 1985, Carl Sagan told Congress that continuing to burn fossil fuels will increase global temperature, cause climate change, melt glaciers and ice sheets, and cause sea level rise. Imagine if we had listened to him them.

No time to wait. #ActOnClimate

#climate

[Peter Cronau @PeterCronau]

🚨 Today’s newsflash:
China tests one ICBM in the Pacific.

🚨 Today’s hidden context:
USA has conducted more than 80 nuclear-capable inter-continental missile flight tests across the Pacific Ocean from Vandenberg Space Force Base in California to crash into the Kwajalein Atoll lagoon in Marshall Islands lagoon since 2000 — the most recent was only four months ago.

[Peter Cronau @PeterCronau]

Oh you say, the US is only reluctantly acting in the Middle East. You say they are only there to protect the Strait. Only there to protect shipping lanes. And oil.

Okay. Fine.

And that must be why they are building the largest embassy complex existing anywhere in the world, on a ridge in Beirut Lebanon.

[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.