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Grace Blakeley
@graceblakeley
, 3 tweets, 1 min read Read on Twitter
This is a fascinating piece that raises a very interesting point - for decades, Tories have been justifying highly regressive economic policies on the basis that they will provide a marginal boost to growth - all this has gone out the window over no deal
speri.dept.shef.ac.uk/2019/01/29/is-…
In future, it's going to be hard for a Tory politician to say 'we'll reduce the corporation tax rate by 5% because it will boost growth' as the Brexit debate has effectively destroyed appeals to expertise, which have historically concealed the distributive effects of econ policy
Not sure I'm on board with the declinist narrative here (I'm thinking of @DEHEdgerton's point about how this has historically served to benefit the British elite) but an interesting piece nonetheless
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Grace Blakeley
@graceblakeley
Boris is not undermining British democracy - he is showing us how it really works.

Crony capitalists and crooked politicians control the state and use it to extract wealth from those who create it.

We’re told their power is based on rules, when really it’s based on force.
Boris is tearing up the rule book because it’s obvious the rules don’t apply anymore.

Wages are stagnant, poverty is rising and people are demanding change.

But the powerful are giving them more of the same - corporate welfare, austerity and tax cuts for the rich.
They know the system is broken and they’re scared.

They may control the state, Parliament, the Prime Minister, and even the Queen - but that’s not where real power lies.

Real power lies with the people. If we want a real democracy, it’s up to us to build one.
Read 3 tweets
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Grace Blakeley
@graceblakeley
Thread on my piece this week:

The recovery from 2008 has not just been weak, it has rested on deeply unstable foundations: a massive stimulus in China, rising corporate and household debt, and extremely loose monetary policy 1/9
newstatesman.com/politics/econo…
China is now facing a massive debt bubble – its private debt to GDP ratio is now a staggering 270% GDP - much concentrated in the shadow banking system.

The UK - as host to the Hong Kong Shanghai Bank of China - is particularly exposed. 2/9
The global financial system (other than in the UK) is relatively well insulated from the Chinese debt bubble, but a crash could curtail the country's GDP growth which, for the last decade, has been the main driver of demand in many other parts of the global economy. 3/9
Read 11 tweets
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Grace Blakeley
@graceblakeley
I honestly don’t see why everyone is getting so excited.

Obviously remain would lose a second referendum, but more importantly, a 2nd referendum is no more likely today than yesterday.

The only thing that has a parliamentary majority is a soft Brexit - that hasn’t changed.
The only short term impact this will have is destroying the IG (good).

The only long term impact is that Labour will go into the next election as the party that tried to stop Brexit (good if you’re a Tory).

But I suspect those who got us here will be long gone by then.
To people asking why it’s obvious remain would lose - I can’t believe I have to say this - in this economy, people are dying to give the establishment a kicking (and yes, people will still see the EU + Cameron + Blair + whatever lefty you stick on the end as the establishment)
Read 5 tweets

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Sarah Stuart
@sarahstuartxx
So, yes, I attended this yawn-fest. It was open to the public and followed on from an earlier session in which non-binary academics discussed the aims of the project.
Although the panel religiously referred to ‘non-binary’ always in full, and never as NB, I am replacing with NB, simply for the reason of character limit.

The panel was half and half academics and students, but who all identify as NB to some degree.
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Rebecca Riddell
@rebecca_riddell
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.
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Nick Wallis
@nickwallis
Good morning. We are in a packed (busiest I’ve seen it) court 26 for the recusal hearing. The Post Office wants the judge removed from Bates v Post Office litigation. There was a CWU demo outside court. It’s all going off. Follow this thread for live tweets.
#postofficetrial
Seema Misra is in court with Jo Hamilton. Seema was sent to prison whilst pregnant in 2010. She is a former Subpostmaster at West Byfleet. Jo has a conviction for false accounting from her time as Subpostmaster at South Warnborough.
Lord Grabiner is on his feet...
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s p e n c e r
@StuffBySpencer
Very, very long thread about the recent terror attack in New Zealand.

First things first, although I try to not get political on my twitter [ and most likely won't for at least a very long time from here on out ], I want to let the victims of the attack know I'm keeping them in-
my heart. For the very little that it's worth, my heart and thoughts and best wishes go out to you. This is not to 'look good', but instead I hope that this simple tweet, the most I could really do in my current position, will show you that you do have allies. People who care.
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Mangy Jay
@magi_jay
Fascinating piece. fivethirtyeight.com/features/why-w…
The working paper this piece describes is also very interesting. Examines tweets of several types of trolls. Here are right-wing trolls:
And left-wing trolls. . . . .
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Vitalik "Not giving away ETH" Buterin
@VitalikButerin
I'm going to live tweet comments on the "Bitcoin, Controversy over Principle" section of Deconomy for fun.
1. It's interesting how much times have changed by 2018; even @Excellion (Blockstream CSO)'s presentation explicitly makes concessions to the non-maximalist multi-blockchain reality ("lightning compatible with Litecoin", "Simplicity will be usable on Bitcoin+ other blockchains")
2. The whole "collectibles, then gold, then fiat, then bitcoin" narrative is only one way of understanding the history of money, and in many significant ways an incorrect way. See: David Graeber's "Debt, The First 5000 Years"
Read 63 tweets

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