Discover and read the best of Twitter Threads about #economic

Most recents (24)

Thread: Blatant #ClimateDenial has lost. The new conflict is whether #ClimateChange is a crisis requiring urgent social and #economic transformation, or something we can adapt to incrementally while carrying on with business as usual. 1/40
2/ A recent opinion piece by Bjorn Lomborg in the @globeandmail is representative of the 'business as usual argument'. Let's deconstruct it to see how this gets passed off as the pragmatic point of view, and why it's false. theglobeandmail.com/opinion/articl…
3/ The basic tactic is this: provide a few common-sense truths to gain the air of pragmatism and then feed us the story we're desperate to hear: that everything will be fine, that growth will outpace #ClimateDamages and life can carry on as usual.
Read 41 tweets
There is a glitch in this: the premise ignores how ineffective and inefficient employer provided #healthcare is in the U.S. model. California needs #SinglePayer / #MedicareForAll to have better #health outcomes.
having the boss pay for #healthcare is absurdly expensive
realclearpolitics.com/articles/2019/…
it's something that @TheDemocrats like to do to our folly
newrepublic.com/article/155190…
Read 6 tweets
“The Chinese miracle is over.”

In a wide-ranging conversation, top radio talk show hosts and senior @EpochTimes staff provided context to an audience of media professionals about some of the most important headlines regarding #China. theepochtimes.com/the-chinese-mi…
John @batchelorshow, a talk show host on WABC in New York, said the #TradeWar has highlighted how “China’s business model is broken.”

US #Tariffs have taught companies they can move their supply chains out of #China, without being subject to unfair trade practices.
@batchelorshow Tom @sullivanradio of #TalkMedia Network said he’s spoken with #Farmers and residents in the heartland states most affected by #China’s retaliatory #Tariffs on US #Agricultural products; they support President Trump tackling the #Chinese regime’s trade policies.
Read 8 tweets
#OpportunityCost is the aggregate net cost of doing something, vis a vis 'not doing it' at all.

The initial project, option & prospect of #Brexit came with huge opportunity costs, which were too easily pre-discounted as #ProjectFear. 1/
The initial #Leave case, dramatised by the #BorisBus, contended that UK could save its £350m pw #EU 'gross membership contribution' and pass that 'saving' straight to the #NHS - as 'additional funding'. 2/
The #Leave case focused on saving UK's #EU gross membership cost in favour of #NHS.

It ignored regular #EU annual contributions back into a multiplicity of UK projects, which would obviously be stopped, if we ceased membership.
3/
Read 34 tweets
22. United States decided to label #IRGC terrorists. But who are the real terrorists? Who created, trained, armed & financed the worst terrorist groups in the world?

#Hypocrites #DoubleStandards #Liars #Warlords #USRealTerrorists
1 to 20. United States decided to label #IRGC terrorists. But who are the real terrorists? Who created, trained, armed & financed the worst terrorist groups in the world? 🤨👇🏼
threadreaderapp.com/thread/1166502…
21. United States decided to label #IRGC terrorists. But who are the real terrorists? Who created, trained, armed & financed the worst terrorist groups in the world? 🤨👇🏼
threadreaderapp.com/thread/1170740…
Read 90 tweets
Caste Based Reservation in India Started in 2nd Century BC. In #Manusmriti - the law book of Brahmins all the laws were based on #Caste and no Merit was ever considered. It divided people into High & Low Castes on the basis of their birth and not on the basis of Merit.
2/10
Wealth, Political power, Spiritual leadership, Education, Ownership of Land, Trade and all lucrative aspects were reserved purely to the higher castes. This system of caste based discrimination entrenched in day today social life since ages.
3/10
Read 10 tweets
After much contemplation, I finally wrote about my experience with #Vipassana meditation.

ilareddy.com/2019/09/17/bre…

Sharing some quotes/excerpts/concepts in the thread below.
#Vipassanā in Pali means “#insight” or “seeing deeply”.

The practice of Vipassanā meditation, thus, revolves around training your mind to observe reality as it is, and not as you wish it to be. And in the process, overcome #suffering.
It is a #meditation technique that the #Buddha mastered over time and found to be the most effective in eradicating all kinds of suffering in the world.
Read 16 tweets
43. The Legacy of US, UK, France, Israel, Saudi Arabia, Turkey, Bahrain, Canada, Qatar, United Arab Emirates, Germany, Belgium, Netherlands, Australia, Jordan, Nato in Syria
#RegimeChange #FakeNews #FalseFlag #terrorism #SyriaInvasion #WarCrimes #CrimesAgainstHumanity
1 to 20. The Legacy of US, UK, France, Israel, Saudi Arabia, Turkey, Bahrain, Canada, Qatar, United Arab Emirates, Germany, Belgium, Netherlands, Australia, Jordan, Nato in Syria 🤨👇🏼
threadreaderapp.com/thread/1136642…
21 to 40. The Legacy of US, UK, France, Israel, Saudi Arabia, Turkey, Bahrain, Canada, Qatar, United Arab Emirates, Germany, Belgium, Netherlands, Australia, Jordan, Nato in Syria 🤨👇🏼
threadreaderapp.com/thread/1164175…
Read 341 tweets
Q. Is something big gonna happen on 17 Oct? 🤔
A. Yes, absolutely! 🤓

“ON THE BRINK OF #BREXIT:
The #economic consequences for the island of Ireland.”

A morning conference in Dublin for expert analysis of the latest.

Registration free but essential:
tinyurl.com/BrexitBrink
1/3
Programme Outline: 📋

Keynote speaker: @kevinhorourke @UniofOxford
👨‍🏫
....

Session 1: #Brexit: Economic Implications & North-South Trade 💶💷
With Thomas Conefrey @centralbank_ie
Angela McGowan @CBI_NI
Martina Lawless @ESRIDublin

2/3
@kevinhorourke @UniofOxford @centralbank_ie @CBI_NI @ESRIDublin Session 2: Brexit & the Island of Ireland.
With Kevin Hanrahan @teagasc on agri-food
Adele Bergin & Seamus McGuinness @ESRIDublin on NI growth
Paul MacFlynn @NERI_research on workers/employment

Co-organised with my @IrishEF @EF_Fellows Thomas Conefrey & Ronan MacNioclais
👐
3/3
Read 3 tweets
#Brexit ALREADY costs UK £1bn pw as we Hit Holidays! @GoldmanSachs put that lower at £600m. but I'm looking at 2+% less GDP (than would have been); more Govt Debt (+interest); the growing impact of #Brexodus on jobs/taxtake; £devaln.&inflation creep, reducing Property values.1/20
@GoldmanSachs Am puzzled & mortified? that UK's so-called Major Political Parties @Conservatives @UKLabour seem umbilically disconnected? from the financial IMPACT of their recent (let's say) 'accidental collusions' and Brexit-Birth-Giving! Why the co-incidental & costly numeracy lapse? 2/20
@GoldmanSachs @Conservatives @UKLabour Assuming that (eg) @bankofengland @hmtreasury @ICAEW @The_IoD @cbicarolyn @FrancesOGrady are aware of UK's #Brexit financial haemorrhage? eg Govt Debt, Jobs/Tax, Businesses (all sizes), Individuals - there may be varying estimates? but agreement that a HUGE hit is ongoing! 3/20
Read 25 tweets
2019 is the 50th edition of the #SIPRIYearbook. Join SIPRI as we celebrate the occasion with a 50-day countdown and share the history of the Yearbook over the past 50 years. Watch the introductory video with SIPRI Director @dansmith2020:
The first #SIPRIYearbook was published in 1969 with the aim ‘to produce a factual and balanced account of a controversial subject—the arms race and attempts to stop it’. The rise in world military spending and disarmament efforts, including the #NPT, take central focus.
'In whatever way the nuclear situation is examined, the inescapable feature is what enormous quantities of weapons have been amassed' – Movement towards a first-strike capability by the #US and #USSR, the #SALT talks and European security were a focus of the 1970 #SIPRIYearbook.
Read 52 tweets
Fraser contends with liberal feminism’s troubling convergence with #capitalism, and the ways in which #feminism can provide a veneer of liberation for a system of relentless #exploitation@DissentMagdissentmagazine.org/article/nancy-…
The gendered separation of #social reproduction from #economic production constitutes the principal institutional basis for women’s subordination in #capitalist societies.
When a society simultaneously withdraws public support for social reproduction and conscripts the chief providers of it into long and grueling hours of paid work, it depletes the very social capacities on which it depends. The result is a “crisis of care”
Read 8 tweets
12. United States decided to label #IRGC terrorists. But who are the real terrorists? Who created, trained, armed & financed the worst terrorist groups in the world?

#Hypocrites #DoubleStandards #Liars #Warlords #USRealTerrorists
Wrong US policies in the Middle East. Sanctions against Iran. Sanctions used by the USA as a war weapon🤨👇🏼
1. United States decided to label #IRGC terrorists. But who are the real terrorists? Who created, trained, armed & financed the worst terrorist groups in the world? 🤨👇🏼
threadreaderapp.com/thread/1116293…
Read 128 tweets
#Refugees mostly circulate the national wealth lying in the lower #economic hierarchies of a country thus encouraging economic activity among the poorer classes.
They cater to the poorer and neglected sections of a #society which are in no position to enjoy the lifestyle of the elite trending #DeportAfghanistanRefugees.
These sections of society don't really care about #xenophobes until they get cheaper food provided by #refugee entrepreneurs.

Xenophobes are often kids of fat rich parents who think #wealth should be #privilege for them while denied to the wretched.
Read 4 tweets
11. United States decided to label #IRGC terrorists. But who are the real terrorists? Who created, trained, armed & financed the worst terrorist groups in the world?

#Hypocrites #DoubleStandards #Liars #Warlords #USRealTerrorists
Wrong US policies in the Middle East. Sanctions against Iran. Sanctions used by the USA as a war weapon🤨👇🏼
1. United States decided to label #IRGC terrorists. But who are the real terrorists? Who created, trained, armed & financed the worst terrorist groups in the world? 🤨👇🏼
threadreaderapp.com/thread/1116293…
Read 93 tweets
13. Holocaust in Yemen caused by US, France, UK, Saudi Arabia, UAEmirates, Israel, Bahrain, Egypt, Jordan, Kuwait, Senegal, Sudan, Qatar, Morocco, Canada, Australia, Germany
#Yemen #CrimesAgainstHumanity #WarCrime #Holocaust #YemenCantWait #YemenHolocaust #WorldHypocrisy
1. Holocaust in Yemen caused by US, France, UK, Saudi Arabia, UAEmirates, Israel, Bahrain, Egypt, Jordan, Kuwait, Senegal, Sudan, Qatar, Morocco, Canada, Australia, Germany 🤨👇🏼
threadreaderapp.com/thread/1109495…
2. Holocaust in Yemen caused by US, France, UK, Saudi Arabia, UAEmirates, Israel, Bahrain, Egypt, Jordan, Kuwait, Senegal, Sudan, Qatar, Morocco, Canada, Australia, Germany 🤨👇🏼 
threadreaderapp.com/thread/1112537…
Read 168 tweets
»#YuriBezmenov may well go down in history as a #saint by the #survivors of the generations to come.

His statements about the global “#communist agenda” offers an opportunity for students of #history, #philosophy and #economics - world wide - to take note of #reality and to
..
.. reflect on the identity of their intellectual enemy, the dynamics of #capitalism in economics, and the role of #violence in politics.

Firstly, what is the “western identity”? From my understanding .. the #western identity has been shaped primarily by what it has resisted:
..
..
namely monarchic #despotism, authoritative #collectivism, and the infringement on the sovereignty of the #individual. You can even say that, to an extent, #Christianity itself followed from an already existing identity (i.e. the #Socratic divination of the individual).

..
Read 16 tweets
We've just released the final report by @Alston_UNSR, the UN Special Rapporteur on extreme #poverty, on his visit to the #UK. The report is available here: undocs.org/A/HRC/41/39/Ad…. A few key takeaways:
Some have asked me why a UN expert on #poverty would visit the #UK. Unfortunately, although the UK is the world’s 5th largest economy, 14 million are in poverty, child poverty is rising & predicted to reach 40% by 2021, homelessness is up 60%, and food bank use has skyrocketed.
To understand #poverty in the #UK, you have to look at the massive disinvestment in social support since 2010: the end of a centralized social fund, changes to the ways benefits are capped & calculated that substantially reduce their value, the decimation of civil legal aid, etc.
Read 13 tweets
When most people think of #Communism, they often understand it as an #economic system for the sharing of wealth. Yet communism is anything but that.

It pushes for a seizure of all private property, and all means of production.

Commentary by @JoshJPhilipp theepochtimes.com/what-are-the-r…
“Communism abolishes eternal truths, it abolishes all religion, and all morality.”

“The bourgeois family will vanish as a matter of course when its complement vanishes, and both will vanish with the vanishing of capital.”
Both above quotes are from “The Communist Manifesto,” and both illustrate the true goals of #Communism.
Read 3 tweets
#economics thread

@aoc's expansionary, unconstrained domestic spending proposal #GND (Green New Deal) is based on #MMT (Modern Monetary Theory).

It argues only regulating inflation & unemployment matters, not
deficits.

Some of my problems with MMT...

en.m.wikipedia.org/wiki/Modern_Mo…
I'll let @paulkrugman handle MMT's explicit problems. Mine are with its implicit presumptions:
1—We know how to manage long term vs short term
2—Global interdependencies don't matter
3—permission for uncapped spending
4—ignoring effect of aging
5—We can control inflation post-MMT
1) LT vs ST
Even w/traditional keynesianism, we are terrible at ½ the theory. SAVE during booms, spend during downturns. We've got the 2nd half down. Not the first one. Is there anything in our history that might suggest we are capable or willing to make good LT rate decisions?
Read 12 tweets
The new @wiiw_news Handbook of #Statistics 2018 contains updated key #macroeconomic & structural indicators for 22 economies in #CESEE serving as easy-to-use reference tool & facilitating comparisons across topics, countries & time.
wiiw.ac.at/wiiw-handbook-…
Thread: 1/11
New features of the 2018 ed. include e.g.
- new key indicators at #regional levels
- #wages & #investment data by activity now also available for #Turkey
- comparable #structural breakdown for all countries
Find below examples of some conclusions from the newly released data
2/11
All countries in #CESEE experienced positive #economic #growth in 2017, clear leader was #EUCEE with average real GDP growth of 4.9%. Ten economies achieved their highest real #GDP growth rates over the last 5 years.
3/11
Read 11 tweets
WATCH @TeamCavuto 4:30PM EST on @FoxNews as I breakdown the latest on #NorthKorea, #China and #PresidentTrump. @realDonaldTrump
#NOKO is following the same pattern of diplomacy that they have always done. They have made pledges that they had no intention of keeping and then they cry foul when the US holds them accountable.
This is the norm but also it is a dangerous game for #KimJongUn because #PresidentTrump has a great deal at stake and Kim does not understand how determined the #POTUS is to WIN.
Read 5 tweets

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