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#thatcher

6 posts6 participants1 post today

Thatcher was wrong about public money, but neoliberalism feted her fictions...

youtube.com/watch?v=xvz8tg4MVpA

The following study of UK (ditto US, etc) govt spending debunks the lie:

It shows that the UK govt creates £s whenever it spends. Neither taxes nor borrowing are required.

The first detailed analysis of UK govt spending shows that "public expenditure is always financed through money creation rather than taxation or debt issuance."

papers.ssrn.com/sol3/papers.cf

#mmt #uspol #ukpol #thatcher .

Replied in thread

@Kletskous @janvlug

Ik wil ook niet beweren dat ik het volledig doorgrond maar ik weet wel dat de wereld al 40 jaar beweegt van solidariteit naar win/verlies. Wat Trump ook denkt.

En ik weet uit ervaring dat na WO2 in heel korte tijd de wereld enorm veel beter is geworden. Door #sociaaldemocratie. #onderwijs #zorg #wonen #pensioenen en meer. Tot de jaren 80. Maar we begrijpen maar steeds niet hoe dat komt. #thatcher #neoliberalisme #pensioen #aandelen

#podcast recommendation:

I'm loving Legacy with Afua Hirsch and Peter Frankopan. I've just listened to their series on #Thatcher. As a child of the Thatcher years I'm always seeking to understand properly where she and her ideas came from and understand where they led. This series was excellent for that.

Continued thread

Day 20 💰💰🏭🏦🛢️☢️🕍⛪🙏🔥

“spin-off of the US-based #CPAC – short for Conservative Political Action Conference – the #Sydney-based outfit described itself as a “values-based” organisation that “espouses the best of #Howard, #Reagan and #Thatcher while exploring new ideas and themes for the coming generations”.

Guests at the August event included #OneNation senator Pauline Hanson, Michelle Pearse, the CEO of the #AustralianChristianLobby, and broadcaster and soon-to-be alleged sex offender, #AlanJones.

Overseas talent included Jay Aeba, chairman of the Japanese Conservative Union and Heather Wilson, mother of six and co-founder of #GiveSendGo, a #Christian #crowdfunding network which has helped raise money for #NeoNazis and #AntiVaxxers

“Then, in 2018, investment banker and long-time #ClimateConspiracist Maurice Newman, billionaire storage king Sam Kennard, and David Adler, of the #FarRight Australian Jewish Association (AJA), got together to form #AdvanceAustralia. Money was no problem: #HedgeFund manager and #Liberal Party donor Simon Fenwick tipped in $190,000; a further $400,000 came from Sydney #Establishment couple Rodney and Judith O’Neil, and the Taylor #winemaking family.

Advance pitched itself as a champion of the #SilentMajority#HowardsBattlers 2.0. But its real concerns were better expressed by another early backer, #hotelier James Power, who was then engaged in a battle to prevent women from becoming members of #Brisbane’s #Tattersall’s Club.”

If you noticed a darker turn to the election this week, here’s a good explanation of the WHY and HOW. Also I see Tony 🧅 got a new job.

#AusPol / #LNP / #Nationals / #Australia <archive.md/wY3Cn> / <theage.com.au/national/copied-> (paywall)

Replied in thread

He speaks from the heart!

IMO, #neoliberalism and #libertarianism were justified for a maximum of about 5-10 years in the era of #Kohl, #Thatcher and #Reagan, when e.g. the so called “Deutschland AG” had to be broken up.

Instead of dying afterwards, the ideology mutated into a delusion, enslaved people, created monopolies, plundered natural resources, murdered, putsched and invaded other countries “when needed”.

#Trump and his #fascism are just the visible fruiting body of this deadly fungus.