The summers we shared
@Picss3o
I remember when Britain was Greater than this
Billions of economically unnecessary #bullshitjobs and "clever" algorithms only exist to fight over money. Wasting most of our resources, energy and fossil fuels in the process. Impoverishing and baking the whole world. bigissue.com/opinion/david-…
The precarity of the UK economy has nothing to do with solvency. The UK has much *real* wealth. The precarity is brought about by the squandering of our wealth through the manufactured scarcity of money, by a govt that acts in the interest of the rentier (unproductive) class.
By insisting on enticing private sector investment with further cuts to wages and benefits, deregulation and tax cut “incentives” to the already wealthy you are merely exacerbating the problem and further increasing financial instability in an already precarious economy.
5/ The Euro-drone firm told Jan-Erik they weren't interested in Ukraine, "because we have a good amount of sales at the moment, and if we go to Ukraine, they want to change some stuff anyway, so we don't want to change any stuff ... " 🤯 ⤵️
China has stopped buying U.S. debt. The dollar system is cracking. This isn’t just an economic shift. It’s the end of the old world order. Here's what comes next. ft.com/content/894c1c…
We don't need a new Ofwat, we need to go back to the early 1980's when there was no Ofwat, because we owned the Water. Like every other country on the planet.
Occupied Ukrainian regions are marked by poverty and war, not the thriving pro-Russian zones Putin hoped for. For the Kremlin, any peace deal that lets Ukraine move toward Europe equals defeat, making real compromise unlikely. 5X
Putin uses security services and state media to push ruthless, ideological conscription, punishing draft dodgers harshly. While elites remain loyal, some Kremlin-aligned wealthy Russians may begin testing quiet dissent as the war drags on. 4/
The US pledged advanced NATO arms to Ukraine and blamed Putin for dragging out the war. Meanwhile, Ukraine's deep-strike attacks on Russian airbases in May show growing innovation, hinting at bold surprises ahead as the conflict enters a new phase. 3/
Russia’s economy is stagnating with high inflation and looming recession as war spending rises. Globally, it’s losing ground — Armenia pivoted away, Assad fell in Syria, Iran drifts, and China limits tech transfers despite their “partnership.” Strategic setbacks mount. 2/
Putin is destroying his own system to avoid showing weakness. Putin’s 25-year rule balanced foreign strength with domestic comfort. Russian invasion broke that. He’s ready to turn Russia into a militarized dictatorship — Michael Kimmage and Maria Lipman, Foreign Affairs. 1/
"Anything we can do, we can afford." John Maynard Keynes If only more people could understand how the 'private investors' have blood-drained, dispirited and paralysed the West.
How do we tax billionaires? Their companies are making £650bn profit a year, supposedly taxed at 25%. But due to ridiculous rules they pay only £91bn instead of £163bn. That's £72bn right there by simply making them pay the tax they should be paying.
Someone posted a podcast below where I discuss what economic democracy looks like, but I think a credit guidance framework is also crucial to such a vision: jasonhickel.org/blog/2024/8/20…
1/ Former Russian Transport Minister Roman Starovoit, who shot himself today shortly after his dismissal by President Putin, was reportedly about to be charged with a 15 billion ruble ($190 million) fraud over the construction of border fortifications in Russia's Kursk region. ⬇️
1/ Everything is NOT going according to plan in Milei’s Argentina. The trade deficit is reopening, the peso is once more starting to collapse and is being propped up with an IMF loan. This was obviously going to happen to anyone familiar with the Argentinean economy. 🇦🇷🧵
Good grief, the level of misunderstanding in this post is incredible: 1. Taxes have never funded government spending no matter how many times Thatcher’s lie is repeated. 2. To value those who have contributed to society for 40 years in financial terms alone is… ⏩️
Ever wonder why the US has is closing to an $𝟖𝟎𝟎 𝐛𝐢𝐥𝐥𝐢𝐨𝐧 trade deficit every year? It traces back to the 1944 Bretton Woods conference. John Maynard Keynes pitched a fair trade system with a neutral currency, the "bancor." Instead, the US made the dollar king,…
Ukrainian military planning now treats interceptor drones as essential front-line equipment. Unlike missiles, they can be fielded in clusters, recovered after missions (if non-lethal), and adjusted faster than fixed battery systems. 8X
Britain has adapted ASRAAM air-to-air missiles for truck launch. These are short-range, high-speed missiles, now fired from improvised platforms. It’s a low-cost workaround to extend mobile air defense outside fixed systems. 7/