Thread (1/13)
This thread pulls together some of the key facts about the UK economy that your newspaper may not have told you.
Many people are aware that the world’s billionaires have done very well over the last 12 months… ft.com/content/747a76…
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Not so many know that this is a 40-year trend which has seen worse economic performance, and far worse income growth for ordinary people, than we saw in the largely forgotten Golden Age of Capitalism, but a great boom for the very wealthy. 99-percent.org/a-golden-legac…
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This is not an accident: it is the result of a deliberate – though not publicly communicated – market fundamentalist agenda which aims, among other things, to replace ‘mass democracy’ and get rid of the NHS. 99-percent.org/what-is-the-ma…
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The single most damaging policy of the last 40 years has been austerity, which has provided the cover for the others... 99-percent.org/who-still-beli…
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Which was justified on the basis of myths like “the level of government debt means it is the only responsible thing to do” 99-percent.org/debt-hysteria
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Or economic nonsense like: “Households are tightening their belts – government should, too.” 99-percent.org/twaddle-and-il…
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These threats to the UK have been reiterated in the Queen’s speech, which shows that the government plans serious further erosion of democracy, more damaging ‘reform’ of the NHS and an economically illiterate return to austerity. 99-percent.org/thick-or-thin/
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We need an alliance from (almost) across the political spectrum to prevent the destruction of our social contract. 99-percent.org/saving-the-uk/
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And the good news is that this destruction of our social contract has required 40 years’ hard work by extremists: it does not require much more than common sense and determination to rebuild it. 99-percent.org/five-actions-t…
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Thread. (1/5) @FT quotes Rishi Sunak saying that there are "enormous strains" on the public finances:
“There are people who think you can ignore the problem. And, worse, there are people who think there isn’t a problem at all. I don't think that.” ft.com/content/ad974b…
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This is yet another example of debt hysteria...