One Nation, One Religion, One People, One Language...Ein Grid? #Budget2019
BJP goes all in on infrastructure 'connectivity'. Cronies line up to kiss the one ring to rule them all. And in the darkness bind them.
Pre election, Modi govt's budget was entirely about sops to farmers & the poor. After election, its focus returns to its constituents: Finance & Infrastructure. #Budget2019ndtv.com/opinion/whats-… ht @mihirssharma
Infusion of capital into stressed public sector banks is good news. But chucking more Infra loans at Cronies continues cycle of 'jobless growth'. Simmering youth unemployment could turn into a volcano. #Budget2019
India's #Budget2019 Transport policies are Dr Jekyll & Mr Hyde for CO2
Boost Flying (cut jet fuel tax & build more airports);
Boost EV's (tax credits for loans & ↑ import tariffs on oil);
Boost Trains (invstmt & move freight on water) @robbie_andrewepw.in/engage/article…
Plenty of similarities bw Trump & Modi's rightwing nationalism. But the differences matter.
Trump is a paper tiger whose project is actively resisted by US courts, congress, corporates, civil society. Modi's 'Hindu India' project isn't.
Dangling jobs-heavy infra & promising to write-off stressed loans of cronies was one plank of BJP's strategy. Willingness to orchestrate violence against muslims just before elections — pogroms in Babri, Bombay & Gujarat — was another. ht Rana Ayyub newyorker.com/magazine/2019/…
A black day for Indian democracy #CitizenshipBill. What is no longer hidden within India is 𝘏𝘪𝘯𝘥𝘶𝘴𝘵𝘢𝘯. 2014 was the 'coming of age of the Hindu state'; 2019 is its consummation. ht @policytensor prophetic review of Perry Anderson's Indian ideology policytensor.com/2014/03/21/the…
Student protests rattled the BJP govt. Now it runs scared of its people. It will take away its citizens fundamental right to peaceably assemble by imposing Sec 144 in Uttar Pradesh tomorrow. A volcano of political & economic discontent is about to explode. indianexpress.com/article/opinio…
The BJP govt has shut trains & roads, banned more than 4 ppl gathering & cut off internet/mobiles...in its Capital. Tools sharpened in Kashmir & the Northeast by Indian state now applied everywhere - Arrest students, subvert constitution, demonize dissent. thehindu.com/news/national/…
India's leading scholar of citizenship on Modi+Shah's political logic of Natl Register of Citizenship & Citizenship Amendment Act. "Onus of proving that you’re a citizen lies upon you, & the assumption is that, until proven, you are not a citizen" #NRC_CABnewyorker.com/news/q-and-a/i…
"Amit Shah, the home minister, has repeatedly vowed to deport those he calls 'infiltrators' & 'termites'. But there is little likelihood of any other country accepting them, & India is now building detention centres to hold stateless foreigners" @AmyKazminft.com/content/b9767a…
What's kicking off in India w Modi+Shah's #CAA_NRC calculation is big. Firstly, Govt flailing in an own-goal financial & jobs crisis after having fired technocrats. But w state repression the escalation-response will take over. Its back to the seething 80s. A million mutinies now
Modi & Shah have unleashed the 'Furies of Indian Communalism'. Achin Vanaik has been the finest analyst of Hindu Nationalism since the 1980s. Excellent interview on how the world's largest far-Right force has made India's Second Republic. ht @DanielDenvirthedigradio.com/podcast/hindu-…
Salaam to Jakob Lindenthal. A German student from Dresden at IIT-Madras deported from India after protesting in solidarity against Modi's CAA-NRC.
“The targeting of enemies —minorities,liberals,secularists, leftists, urban naxals, intellectuals, assorted protestors — is not driven by a calculus of ordinary politics. It is driven by will, ideology...”-@pbmehta. Violence to make fascist political order indianexpress.com/article/opinio…
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MMT on managing inflation with multiple tools
"Whether it's businesses raising profit margins or passing on costs...there are a range of sources of inflation that aren’t caused by the general state of demand & aren’t best regulated by aggr demand policies" ft.com/content/539618…
Balanced critique of Kelton's book "The Deficit Myth: Modern Monetary Theory and the Birth of the People's Economy" ht @JWMason1 prospect.org/culture/books/…
Economists who don't pay attention to details of production are not economists. Production of cars, oil and meat was disrupted because they are "just-in-time" and bottlenecks in production or transport (like shipping/ports/trucks) hurt.
Thread
2/ Started the thread here 2 years ago, as it became clear that coronavirus would shock the world economy. The shock of E Asia shutting down was immediate to markets & commodities and our "just-in-time" fossil-fueled systems #CoronavirusImposesCarbonTax
3/ The idea of #CoronavirusImposesCarbonTax thread was to understand structure by exploring how a shock propagates across the world economy. Economists find out in 2021 that bottlenecks caused inflation in sectors of OIL, CARS and MEAT.
Pickens hated Dole & Agribusiness love of Corn ethanol. Told Dole, its a fuel that requires more energy (and oil+subsidies) to produce than it delivers at the pump.
2/Witnessing the disaster in Indonesia in 2015 was devastating. Most ppl outside Midwest don't know that 2007 RFS mandate replaced 10% of each gallon of gas sold in the US with corn ethanol. It was pushed by all major envtl group then. Horrifying impact.
3/ Corn: US's leakiest oil pipeline. Hated by Oil companies, but such is power of Agribusiness.
Fossil fuel goes into tractors & fertilizers & comes out as corn-ethanol, that is put back into....cars, tractors. 10% of every gallon of gas in the US is corn ethanol. Thank Dole.
US defense technocrats will now include Climate in prioritizing threats; in strategies for countering threats; in planning missions of the armed forces; in what weapons to develop and five-year plan for investments that support strategy #GeopoliticsOfGHGs media.defense.gov/2021/Oct/21/20…
gotta love the big nerd brain energy in Pentagon planners.
Guys guys this climate change thing that our scientists are telling us about for 50 years? What if, like, its too hot for planes to take off or, get this, wildfire smoke makes bombing harder? media.defense.gov/2021/Oct/21/20…
Worlds largest oil and gas producers? ✅✅
Military budgets many times larger than green investment? ✅✅
Grains in drought?✅✅
Massive forests going up in smoke? ✅✅
Massive chutzpah to create carbon offsets with said forests? ✅✅ bloomberg.com/news/articles/…
2/“You wouldn’t always know it, but it went up every year I was president. That whole, suddenly America’s like the biggest oil producer & the biggest gas — that was me, people"-@BarackObama
Energy Independence/Dominance is a hell of a drug in both US (green line) & Russia (blue)
3/ Biden's infrastructure bill is now ~$2 Trillion over 10 years. Sounds like a lot right? $200 billion each year. But just about $30B each year is for Climate
US spends ~$750B p.a on the military,25 TIMES more than all climate programs #GeopoliticsOfGHGs