@IsabellaMWeber @StephanieKelton @MegJacobs100 @washingtonpost A lot to lose if there is no recession.Very powerful people who have made mountains of money betting for 40 years on short term growth & rentership,who won't give up gold mine of a fossil fuel economy without a fight--creation of an illiberal democracy or waging a (hot) civil war
@IsabellaMWeber @StephanieKelton @MegJacobs100 @washingtonpost U.S.
The climate spending ($369bn), part of a broader bill ... “has the potential to be a historic turning point”
...
A Republican senator, Lindsey Graham “a massive tax increase in the name of climate change when our economy is in a *recession*."
>
theguardian.com/environment/20…
The climate spending ($369bn), part of a broader bill ... “has the potential to be a historic turning point”
...
A Republican senator, Lindsey Graham “a massive tax increase in the name of climate change when our economy is in a *recession*."
>
theguardian.com/environment/20…
@IsabellaMWeber @StephanieKelton @MegJacobs100 @washingtonpost "The Guardians of Capitalism [fossil fuels - 2020s]
Similar drivers of austerity in 1920s & today
A technocratic consensus by economists/financial elites that citizens & state have lived beyond their means, & is to make budget cuts..& rise interest rates.
#Austerity #Fascism
>
Similar drivers of austerity in 1920s & today
A technocratic consensus by economists/financial elites that citizens & state have lived beyond their means, & is to make budget cuts..& rise interest rates.
#Austerity #Fascism
>
@IsabellaMWeber @StephanieKelton @MegJacobs100 @washingtonpost The war of classy...
"After Big Crash of '29, President Hoover cut government spending & raised taxes. In 1932, thousands of unemployed people arrive in Washington asking for welfare(which Hoover refuses to give), camping out in shanty towns 'Hoovervilles'. Hoover calls in army."
"After Big Crash of '29, President Hoover cut government spending & raised taxes. In 1932, thousands of unemployed people arrive in Washington asking for welfare(which Hoover refuses to give), camping out in shanty towns 'Hoovervilles'. Hoover calls in army."
@IsabellaMWeber @StephanieKelton @MegJacobs100 @washingtonpost The war of classy..
"More than half of Britons think non-payment of energy bills ‘justified’ as cost of living crisis bites
Half fear that there will be riots if consumers are given no further help with bills expected to top £3,500 October&£4,000 spring /1
independent.co.uk/news/uk/politi…
"More than half of Britons think non-payment of energy bills ‘justified’ as cost of living crisis bites
Half fear that there will be riots if consumers are given no further help with bills expected to top £3,500 October&£4,000 spring /1
independent.co.uk/news/uk/politi…
@IsabellaMWeber @StephanieKelton @MegJacobs100 @washingtonpost "A leaked video* shows Rishi Sunak claiming that Treasury formulas “shoved all the funding into deprived urban areas” of UK.
He boasted to Conservative party members that he about taking money from 'deprived urban areas' to help wealthy towns /2x
>
*independent.co.uk/news/uk/politi…
He boasted to Conservative party members that he about taking money from 'deprived urban areas' to help wealthy towns /2x
>
*independent.co.uk/news/uk/politi…
@IsabellaMWeber @StephanieKelton @MegJacobs100 @washingtonpost Netherlands is a gas producing country & is home to Europe's largest energy market(TTF)
In EU Council, main opponent of gas price cap is Netherlands (PM Rutte - right-liberalism),which believes that setting a cap is a step backwards in relation to liberalisation of energy market
In EU Council, main opponent of gas price cap is Netherlands (PM Rutte - right-liberalism),which believes that setting a cap is a step backwards in relation to liberalisation of energy market
@IsabellaMWeber @StephanieKelton @MegJacobs100 @washingtonpost PS
7 April 2022-Rome
..
Maarten van Aalderen (De Telegraaf): "..a question on issue of cap on price of gas. Have you still not managed to convince Prime Minister Rutte of importance of putting this cap in place?"
Italian PM Draghi: "No, I have not yet managed to convince him .."
7 April 2022-Rome
..
Maarten van Aalderen (De Telegraaf): "..a question on issue of cap on price of gas. Have you still not managed to convince Prime Minister Rutte of importance of putting this cap in place?"
Italian PM Draghi: "No, I have not yet managed to convince him .."
@IsabellaMWeber @StephanieKelton @MegJacobs100 @washingtonpost June 2022
At G7,Italian PM Draghi:
"Avoid mistakes made after 2008 crisis..
Putting a cap on price of fossil fuels imported from Russia has a geopolitical as well as an econ&social objective.We must reduce our financing to Russia&at same time eliminate a major cause of inflation"
At G7,Italian PM Draghi:
"Avoid mistakes made after 2008 crisis..
Putting a cap on price of fossil fuels imported from Russia has a geopolitical as well as an econ&social objective.We must reduce our financing to Russia&at same time eliminate a major cause of inflation"
@IsabellaMWeber @StephanieKelton @MegJacobs100 @washingtonpost July 2022- Rome
Italian PM Mario Draghi:
"There is also a consideration to be made: if you lose purchasing power for a large amount and for a long time, this has an effect on consumption.
...When consumption flexes, all demand, & therefore the rest of system, goes into decline."
Italian PM Mario Draghi:
"There is also a consideration to be made: if you lose purchasing power for a large amount and for a long time, this has an effect on consumption.
...When consumption flexes, all demand, & therefore the rest of system, goes into decline."
@IsabellaMWeber @StephanieKelton @MegJacobs100 @washingtonpost July 2022 - Rome
PM Draghi: "..You know that we continue to pose, at every European Council meeting, the need to have a common fiscal capacity, that is, to have the possibility for the European Commission to finance itself on the markets in order to then be able to LEND (LOANS)"
PM Draghi: "..You know that we continue to pose, at every European Council meeting, the need to have a common fiscal capacity, that is, to have the possibility for the European Commission to finance itself on the markets in order to then be able to LEND (LOANS)"
@IsabellaMWeber @StephanieKelton @MegJacobs100 @washingtonpost Italian PM Draghi:
in Europe the nation states do not have capacity in their budgets to carry out massive long-term investments needed for green transition: according to the targets the member states have set themselves as the EU,& for the international commitments they have made
in Europe the nation states do not have capacity in their budgets to carry out massive long-term investments needed for green transition: according to the targets the member states have set themselves as the EU,& for the international commitments they have made
@IsabellaMWeber @StephanieKelton @MegJacobs100 @washingtonpost Italian PM Draghi served as President of European Central Bank (ECB) 2011-2019
@IsabellaMWeber @StephanieKelton @MegJacobs100 @washingtonpost PPS
"Blackrock will not decarbonise us! Blockbuster presentation by #BJMbraun on asset manager capitalism&how it only spells bad news for fight against climate change in packed #SASE2022 session
Featuring the #GregorSemieniuk here: nature.com/articles/s4155…
"Blackrock will not decarbonise us! Blockbuster presentation by #BJMbraun on asset manager capitalism&how it only spells bad news for fight against climate change in packed #SASE2022 session
Featuring the #GregorSemieniuk here: nature.com/articles/s4155…
@IsabellaMWeber @StephanieKelton @MegJacobs100 @washingtonpost Innovation-War of classy
"A multi-stakeholder approach is a key way that we can ensure our collective capacity
to meet urgent climate goals
Tradition shareholder capitalism is not up to task
Profits are not being reinvested back into production or labour
>impact.economist.com/sustainability…
"A multi-stakeholder approach is a key way that we can ensure our collective capacity
to meet urgent climate goals
Tradition shareholder capitalism is not up to task
Profits are not being reinvested back into production or labour
>impact.economist.com/sustainability…
@IsabellaMWeber @StephanieKelton @MegJacobs100 @washingtonpost *
"Most companies remain short-termist, spending trillions to buy back shares to boost stock prices, stock options and executive pay."
>
"Most companies remain short-termist, spending trillions to buy back shares to boost stock prices, stock options and executive pay."
>
@IsabellaMWeber @StephanieKelton @MegJacobs100 @washingtonpost COP26,🇮🇹PM Draghi:
"We must strengthen our efforts in realm of climate finance
We must bring together public & private sector in new ways..amount of private money available> tens of trillions. Now,we have to find an intelligent way..to spend them quickly
>governo.it/en/articolo/pm…
"We must strengthen our efforts in realm of climate finance
We must bring together public & private sector in new ways..amount of private money available> tens of trillions. Now,we have to find an intelligent way..to spend them quickly
>governo.it/en/articolo/pm…
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