Welsh Londoner. Screenwriter. Post-socialist. Post-feminist. MMT. Atheist. “Scourge of the unthinking, regardless of their political orientation.”
London. Yay.
Joined August 2019
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Wol retweeted
Typical bollocks from Lacalle. MMT does not say any such thing.
MMT tells you a monetarily sovereign nation can issue all the currency/debt it wants and nothing will happen, claiming that currency and market volatility can easily be eliminated by cancelling the capital account.
This nonsense can only be promoted by someone that does not understand that the currency collapse and creditworthiness slump are driven by domestic citizens and savers rejecting the local currency; it is not an evil conspiracy of foreign investors.
Furthermore, no nation is monetarily sovereign. It always depends on demand. Try to force use or restrict flow, and the currency is worth nothing.
And local citizens are the first to reject an increasingly worthless currency issued by an irresponsible government.
You are welcome
Wol retweeted
MMT isn't saying governments should print money. It's saying they ALREADY do. That's just a fact.
And that. children, is why brave Mr Putin daily murders Ukrainian civilians in their homes, markets and schools and denies the legitimacy of the country.
Wol retweeted
I analyzed hundreds of tweets from this past weekend and found evidence of two unique disinformation campaigns amplifying Elon Musk’s accusations against Ukraine. One of these campaigns can be traced back to a Russian social media account and one of Putin’s top allies.
my latest. (Link 👇)
Wol retweeted
"My daughter caught measles when she was seven. I remember not feeling particularly alarmed about it.
Then one morning she said, 'I feel all sleepy,' and she went into a coma. In an hour, she was unconscious. In twelve hours she was dead."
Roald Dahl on his daughter Olivia
Wol retweeted
Agreed. My posts linking Musk to Russia are ruthlessly suppressed by the X algorithm. Given my follower base they would be pretty popular were more than a handful of people allowed to see them. – at Brighton, England
Wol retweeted
Just so we’re all on the same page.
We don’t want people on minimum wage wages going up.
Is that right?
Got you.
Does that mean we also don’t want anyone else’s wages going up?
And last question when outside things like Brexit, wars, Trumps tariffs, shortages, energy price increases etc make products and services more expensive…….
We still don’t want wages to go up?
Sorry I’m new to this, I’m still trying to figure out how it all works
Wol retweeted
Try answering this tricky question, is Elon spending 300 million on the midterms because he wants to promote the interests of American people, or is it to protect himself & his businesses? Gee, it's a toughie.🤔
Wol retweeted
In a monetary production economy, banks create money by lending, not by handing it out in turns. Property and power shape access to credit. Backstop finance, austerity for everyone else? That’s capitalism protecting itself. Blaming money is the alibi
Falls ihr es noch nie gehört habt: Lernt, was der Cantillon-Effekt bedeutet.
Neues Geld landet nicht gleichmäßig bei allen. Wer es zuerst bekommt (Staat, Banken, Großkonzerne), kauft Dinge, bevor die Preise steigen. Wer es zuletzt bekommt (Arbeitnehmer, Sparer), zahlt schon die höheren Preise.
Deshalb:
– steigen Immobilien und Aktien schneller als Löhne
– wird Wohneigentum für viele unbezahlbar
– profitiert, wer Vermögen besitzt, und verliert, wer nur Einkommen hat
– geht die Schere zwischen Arm und Reich immer weiter auf
– fühlt sich das Leben an wie ein Hamsterrad, in dem man trotz Arbeit nicht vorankommt
Je mehr Geld ins System kommt, desto unfairer wird es verteilt. Das Problem ist nicht der Kapitalismus, sondern unser Geldsystem.
Who is threatening Russia?
Which of its neighbours?
Who is Russia threatening?
Whose civilians is it currently murdering?
Which societies is it actively undermining?
You can call my account whatever you like, it still doesn’t answer the point.
Russia has been raising concerns about NATO expansion since the 1990s…that’s a documented fact, not Kremlin propaganda.
You can believe those concerns don’t justify Russia’s actions, but claiming nobody could possibly threaten Russia’s security is a different matter.
Even NATO’s 1997 agreement with Russia recognised that security concerns should be discussed through consultation. Why is Russia not even allowed to raise them?
“But Russia also has security concerns, and those concerns cannot simply be dismissed because they come from Moscow.”
Why not?
Are Russia’s security concerns reasonable and proportionate?
No.
Is anyone threatening Russia?
No.
Is this account a Kremlin shill?
Absolutely yes.
Ukraine can have its own military. Nobody is arguing otherwise. But Russia also has security concerns, and those concerns cannot simply be dismissed because they come from Moscow.
The issue is what happens when Ukraine’s military is increasingly integrated with NATO, an alliance Russia has opposed expanding towards its borders for decades.
So why is Ukraine’s security treated as the only concern worth discussing, while Russia’s is dismissed outright?
Wol retweeted
Falls ihr es noch nie gehört habt: Lernt, was der Cantillon-Effekt bedeutet.
Neues Geld landet nicht gleichmäßig bei allen. Wer es zuerst bekommt (Staat, Banken, Großkonzerne), kauft Dinge, bevor die Preise steigen. Wer es zuletzt bekommt (Arbeitnehmer, Sparer), zahlt schon die höheren Preise.
Deshalb:
– steigen Immobilien und Aktien schneller als Löhne
– wird Wohneigentum für viele unbezahlbar
– profitiert, wer Vermögen besitzt, und verliert, wer nur Einkommen hat
– geht die Schere zwischen Arm und Reich immer weiter auf
– fühlt sich das Leben an wie ein Hamsterrad, in dem man trotz Arbeit nicht vorankommt
Je mehr Geld ins System kommt, desto unfairer wird es verteilt. Das Problem ist nicht der Kapitalismus, sondern unser Geldsystem.