Alan Luchetti
@AlanDownunder
strategic stakeholder (ironic: bureaucratese for vested interest)
Then he’d be better off making it about the direct societal harms of skewed wealth distribution (which are many) rather than about the presumed indirect harms through imagined government budget contraints.
100%. To be fair to Gary, he's trying to bridge a different gap than you. His point is about the societal harms of extremely skewed wealth distribution. At this moment in history, mixing any MMT into his message would probably only muddy the waters and discredit him as a crank.
Back in 2001, USAID-funded Internews wasn’t just "helping" Ukraine’s media, it was engineering it. They trained 1900 journalists, propped up over 200 TV stations and 100+ radio outlets, reaching 50 million viewers and 18 million listeners. This wasn’t support,it was a massive…
"Taxing the rich (or not) does not in anyway force the govt to starve the welfare state of funds & its dangerous to say it does"
Some are missing my point here. I understand @garyeconomices is saying that the austerity defining choice is wether to tax the rich or not. I disagree. Taxing the rich (or not) does not in anyway force the govt to starve the welfare state of funds & its dangerous to say it does.
Clown show. :(
Trump: It looks like it’s about $3.1 billion Powell: I’m not aware of that. Trump: It just came out Powell: You just added in a third building Trump: It’s a building that’s being built Powell: It was built five years ago. 🍿🍿🍿
Ha-Joon Chang at his best!: "Economics today resembles Catholic theology in medieval Europe: a rigid doctrine guarded by a modern priesthood who claim to possess the sole truth. Dissenters are shunned ... This is not education. It’s indoctrination." ft.com/content/9aabb4…
Beautiful intentions and ideals made politically useless under the framing of misleading neoliberal mythologies about public budgets and government money. A story as old as time
If the government keeps losing its wealth the welfare state is over. On @LBC just now.
This clown single-handedly wrecked our trade with China. Now he wanders the world, posing as some sort of expert. abc.net.au/news/2025-07-2…
People who say this think it's really clever, when in reality it's the dumbest thing anyone ever said. Ever.
The trouble with socialism is you eventually run out of other people’s money
There’s a persistent myth that our government is somehow at the mercy of the financial markets and that it has to dance to their tune. This is most definitely doing the rounds this week, mainly as a result of Labour's mismanagement of its own party, and Rachel Reeves' subsequent…
There's a big problem with centrism in Australian politics. The idea of a 'sensible centre' of climate policy between listening to the science and gas industry profits? That ignores the evidence and holds us back from real solutions. #auspol
The Australian went after Sarah Schwartz in January, falsely claiming she was antisemitic. An independent review has just called out its actions. crikey.com.au/2025/07/24/new…
A member of the wealthy #Baillieu family is trying to sink a giant #wind project proposed next door, which also happens to be the biggest winner of the first #CIS auction.. reneweconomy.com.au/deep-pocketed-…
"The ruling makes it clear that Aus has international legal obligations to take responsibility for its fossil fuel production... due to the significant harm it causes, regardless of where the coal, oil, or gas is ultimately burned" - Amanda McKenzie. climatecouncil.org.au/resources/worl…
One Nation is a joke party, with little impact other than rewarding it Senators with lots of taxpayers' money. But the National Party - with not much more of the vote - is a toxic influence within the coalition, trying to undercut moderate Liberals with their extreme demands.
Ley holds the line on climate as Nationals go rogue – again afr.com/politics/feder…
“Heartbroken and ashamed…”. The great Robert Manne on genocide and the appalling Segal “report.” inside.org.au/the-wrong-way-…
"What we call 'the economy' is so important to us that economists have become the high priests of our society. Yet, oddly, there is absolutely no consensus among economists about what money really is." -David Graeber
This is SPOT TF on. WTF is WRONG with us?
China didn’t ban Bitcoin because it feared freedom. It banned it because it saw the scam. The U.S. kept it alive to distract you while the real economy rots. ‘Imminent’ Fed Nightmare Is Suddenly Coming True As The Bitcoin Price Soars share.google/mSQO716tE0wptA…
Robert Manne masterful deconstruction of the Segal report, its threats to social cohesion and the deeply compromised assumptions on which it is based, leaving aside its failure to acknowledge facts on the ground. Should be read @insidestorymag insidestory.org.au/the-wrong-way-…
Every time she gets paid is another failing of the Albanese government. More money that could, and should, have been directed to those struggling. Not help some rich woman prop up her husband’s donations to racist organisations. #auspol
When our antisemitism envoy was an NAB Director, the Royal Commission found NAB customers were charged almost $600M in fees for no service, & a program involving bribery & forgery. Why the hell are taxpayers now paying her $400K salary @AlboMP? #auspol crikey.com.au/2024/07/10/jil…