THREAD: There is an emergent left programme on #COVID_19uk - the obvious elements are: 1/ Universal Sick Pay and/or immediate helicopter payments to sustain demand and facilitate taking sick leave...
2/ Workers rights to safe working conditions, including for NHS/Social Care staff; 3/ Massive fiscal stimulus with redistribution at its core...
4/ Massive state-directed emergency investment in testing, intensive care beds and social care; and state-directed/globally co-ordinated vaccine research programme aimed at massive generic roll-out...
5/ Democratic scrutiny over government/medical technocrat decisions on travel restrictions, event bans, testing etc: act early, act from below, act on the basis of evidence not Boris Johnson's "weirdos and misfits"
6/ End the nudge strategy: produce clear public information or we, civil society, via unions, devolved administrations and social movements will produce it from below...
7/ My own addition: when this is over, every Health Secretary and Chancellor since 2010 should face a public inquiry with special powers to prosecute for negligence. We're facing this with a depleted health service because politicians made choices...
8/ Once we mitigate the virus, and the economic meltdown, there will be a legitimate case to reshape our economy so that never again do we face exogenous shocks with depleted and impoverished public services... oh, and...
9/ "Herd immunity" may, or may not, be the best strategy but the social quid pro quo is that, economically, *everybody is in the herd* - no more private hospital wings - and sick pay for all.
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I'm a China hawk but I am sick of Tory duplicity and 💩 Fleet Street commentary on "why don't we designate China a threat"? Neither Johnson, Sunak nor Truss did so, despite Truss threatening... and here's why: 1/ This is what a "threat" to National Security looks like...
2/ ... it's a nuclear capable Russian aircraft with a missile that can travel at Mach 10: three of them spent 12 minutes in NATO airspace last month... and the RAF regularly has to intercept these and other Russian threats...
3/ In 2021 the Tory govt recognised China as a "systemic competitor" - that is, a country determined to compete with us over economic interests, values and geopolitical influence... then, in 2022, China overtly backed the Russian invasion of Ukraine....
I just used my fingerprint to log into my Apple computer; I used facial recognition to pay for an e-bike on my Apple phone; I ordered a repeat prescription on the NHS app that holds every detail of every illness I have ever been treated for on a central server...1/
2/ ... I had to show my drivers' licence to get into a briefing from a civil servant; I used the e-gates at LCY to cross the border without having to speak to a human being... why would I object to "the state" issuing me with digital proof of ID?...
3/... Labour must of course address privacy concerns and the possibility of cyberattacks on a single digital ID - but there are massive libertarian and economic upsides to a society where *everybody is who they say they are*...
Labour's reshuffle was deftly completed and has rewarded competence and narrative skill. Task now is to start not just delivering but telling a story of who we are - I am proud of what Labour is achieving... here's one example... 1/
What happened in D.C.? 🧵1/ We, outside the classified zone, won't know for a while - because the European leaders pulled of something surreal: they pulled Trump back from getting sucked in to Putin's mental framework ... but...
2/ ... look at this: diplomats with PhDs, security analysts with years in the field, aircrew risking their lives to surveil the Russia/Iran threat... all that expertise and dedication keeping us safe ... for this? The White House of Kennedy and Roosevelt turned into a trashy gift shop....
2/ ... look at this: diplomats with PhDs, security analysts with years in the field, aircrew risking their lives to surveil the Russia/Iran threat... all that expertise and dedication keeping us safe ... for this? The White House of Kennedy and Roosevelt turned into a trashy gift shop....
There are 3 historical reference points for Trump's Alaska disgrace ... Munich '38, Berlin '40, Moscow '41... which is closest? 1/🧵we've had no readout from an honest source...
2/ At Munich democracies signed up to dismembering Czechoslovakia, sidelining USSR with which it had a mutual defence pact ... so this wasn't Munich, yet...
3/ The Aug 1941 Molotov-Ribbentrop Pact dismembered Poland and started WW2...
Global investors are selling US stocks because they know Trump's tariffs will kill globalisation and trigger recession 1/... but why are they selling bonds at the same time? 🧵
2/ ....They're selling US bonds - which they would normally buy as a safe haven - because bonds have become gambling chips for hedge funds who are gambling on massive credit ... as @FT explains
@FT 3/ ... what comes next is financial contagion. After 2008 all banks required to keep a stock of capital to cushion instability ... that's rapidly eroded... sudden stop in trade plus massive losses in financial markets is bound to take down some bank somewhere...