It took time for the fear and threat of WW2 to make it apparent that when peace came nothing would be the same again. We have less time to appreciate this with regard to the war in Ukraine. Everything has changed. Will our politicians realise and deliver the policies needed?
I am not talking rearming, although that will happen. Nor am I talking about reprisals. Instead I am talking about defending real democracy and freedom, so under threat in the UK and USA right now.
I am talking about purging corruption in all is forms, onshore and offshore, because both are desperately needed, most especially in the UK where the City has turned corruption into just another product to sell.
But most of all I am talking about an end to the attack on the state which has been the hallmark of recent politics, and which has allowed the power of corrupt money to influence government for too long not just in Russia but in the US and UK as well.
And with that end of the attack on the state I am talking about reviving the state’s role in providing the essential support to those in need, which the kleptocrats so hate.
I am also saying we must appreciate that to defend the ideas that should differentiate us from tyranny we have to talk about state intervention - to beat climate change, to build the new energy supplies we need, and to provide the good livelihoods that are so urgently required.
This requires that we revive the notion of the public good - which the state can deliver for us all.
And what all this means is that the talk of austerity that the Tories will be rolling out soon as they argue that to pay for more tanks we must face cuts in education, health, social care and so much else must be resisted at every turn. That will be the language of defeat.
Austerity is the talk of the kleptocrats who fund the Tory narrative that has undermined us, made us a centre of money laundering, and pushed us well on the way to losing our freedoms and democracy.
If we are to change everything to preserve democracy, which is the lesson the war in Ukraine must teach us, then there has to be a fight to re-establish a plural, respectful, diverse, representative democracy in the UK that is free from corruption.
This is not a battle of left versus right. This is a battle of freedom and democracy against oppression, both political and economic. That is why everything has to change. That almost lost idea of the liberal democracy has to survive this war, or the kleptocrats will have won.
The question everyone with concern for democracy has to ask now is how can we join together, despite our differences, to beat the kleptocrat thinking that led to Putin, Trump, Brexit (paid for with Russian money) and the progressive denials of our freedom.
Are we up that challenge? Can we make a stand that requires less courage than brave people in Kyiv are demonstrating, but as much determination that we must now demand what we truly believe in? I hope so. I have to hope.
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Putin clearly agreed to take no action against Ukraine during the winter Olympics. The need to keep China on side shows how weak his position really is. It also suggests war could start tomorrow.
That Putin could win territorial gains in Eastern Ukraine appears indisputable.
All the debt issues by the government to pay for Covid - about £450 billion of it - was in effect bought by the Bank of England. The government owns the Bank of England. So Covid debt is owed by the government to itself. Why do we have to repay it then? A longish thread…..
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Covid cost the UK around £450 billion. It so happens that since March 2020 the Bank of England has bought that same value of government bonds. All were issued to pay for Covid. In other words, neither taxpayers or financial markets have paid for Covid. The Bank of England did.
UK energy prices increased by around 50% yesterday but the cost of producing most energy has not increased. Nuclear and renewables cost the same to produce, for example. So, the price increases deliver very large profits to some energy companies. Why is Sunak happy about that?
The problem is energy is priced at the cost of the most expensive unit sold. As a result, Russia can push up gas prices and create an economic crisis in the UK. If we had a nationalised energy system that supplied our energy at the average price we could avoid this.
Instead of our energy being priced at the cost of the most expensive source available we’d instead pay the price set by a basket of energy sources. We’d see nothing like the proposed cost increase as a result, and the crisis for families across the UK could have been avoided.
If only the UK government had invested in renewables over all the years that campaigners asked it to do so and had invested in the R&D necessary to make us a world leader on this issue, as we could have done, we would not have needed today's energy price increase.
We have an energy crisis because our government failed. In 2010 when it was obvious that we needed a Green New Deal the Tories delivered a sham Green Deal that was soon closed down because it delivered nothing of consequence. Since then every opportunity has been missed.
I am proud to have been a member of the Green New Deal group since 2008. We have worked tirelessly to offer the alternative energy vision for the UK and the required economics to make it work. Shamefully, the government ignored us, and Labour has not been much better.
The Chief Secretary to the Treasury, @SimonClarkeMP, claimed in several broadcast interviews this morning that increasing interest rates by 1% would increase the cost of government borrowing by £23bn a year. He's wrong. A quick thread...
According to the ONS Public Sector Net Debt on 31/12/21 was £2,340 billion pounds. So to come up with his figure it's pretty clear that Simon Clarke multiplied this by 1%. That's how complicated his fag pocket calculation was. But that number is wrong.
First, according to the Debt Management Office of HM Treasury at least 33% of all UK government debt is owned by the Bank of England on behalf of HM Treasury - so the government owes this money to itself. That cancels one-third of the debt and so the interest cost.
We witnessed an attempted coup this week. A prime minister who has very obviously broken the law on many occasions and who holds the people of this country in contempt sought to stay in power aided and abetted by his party and the police. A thread….
The charge sheet against Johnson is enormous. He broke the law on Covid parties, many times. He permitted the corrupt PPE fast lane to enrich his supporters. He has taken or failed to take action resulting in tens of thousands of excess Covid deaths.
As PM he has lied to parliament, successively. He secured illicit funding for the decoration of his flat and tried to gain personally from doing so. He has threatened to break international law and denies responsibility for the Brexit deal he negotiated.