Share this page!

Paul Mason Profile picture
Twitter logo
Aug 12 • 6 tweets • 2 min read
Recession. Inflation. Energy crisis. Drought. Zombie government. It's #ToryChaos ... here's 6 things we should do 1/ Change the Bank of England's remit to discourage further rate rises theneweuropean.co.uk/paul-mason-pla…
2/ Emergency price controls.
Freeze energy bills, slap a windfall tax on all monopolies to pay for it... theneweuropean.co.uk/paul-mason-pla…
3/ State control of the energy system: golden shares in UK operations of oil majors; nationalise the energy retailers ... theneweuropean.co.uk/paul-mason-pla…
4/ Emergency taxes on windfall profits and turnover of all monopoly corporations - make big tech pay its way... theneweuropean.co.uk/paul-mason-pla…
5/ Double digit pay settlements across the public sector... theneweuropean.co.uk/paul-mason-pla…
6/ Rapid rollout of Universal Basic Services ... theneweuropean.co.uk/paul-mason-pla…

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Paul Mason

Paul Mason Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @paulmasonnews

Paul Mason Profile picture
Aug 11
Tory provisional govt meeting energy giants today - here's the chancellor should say: your UK assets are nationalised and we're setting the wholesale price. Sounds extreme? We're at war... 1/ newstatesman.com/comment/2022/0…
2/ ... Putin has manufactured the energy crisis to destroy our society. There is no "market" solution. Ofgem, the Bank of England - all powerless in the face of global energy prices. But...
3/ 50% of our gas is domestically produced, and it's making super-profits for the oil majors. Slice away the pointlessly privatised retailers and you remove some profiteering....but the megabucks are in the North Sea. And there are only two choices... newstatesman.com/comment/2022/0…
Read 6 tweets
Paul Mason Profile picture
Aug 5
The stagflation crisis needs Labour to advance clear, simple and effective policy solutions. Here's the model: Labour's Immediate Programme 1937 - passed at party conference. I'll take you thru it in a 🧵... 1/ The cover! Can't miss it...
2/ This was put together by Attlee and Dalton and passed at the 1937 Bournemouth Conference ... context was Spanish Civil War, Mosley and continued mass unemployment ... here's the summary ...
3/ Starts with an unequivocal statement of socialist principle (remember this is Attlee, Dalton, Bevin etc)... today's equivalent would be Green New Deal...
Read 10 tweets
Paul Mason Profile picture
Aug 5
The coming recession: 1/ Much of it will be policy driven. First by Vladimir Putin's policy of starving Europe of energy. Second by the Government's refusal to cap energy prices. Third by the Bank of England's rate rises...so hapless @trussliz is right at least on one thing...
2/ We could soften the blow right now through policy: emergency price caps, rent freezes, public transport giveaways, change Bank's mandate, nationalise Big Five energy suppliers ... but in a recession, the Tory instinct is always "creative destruction" ...
3/ 13-15% inflation will dramatise everything that's unjust about our society: the old, poor, disabled will suffer cold and hunger...all it needs is a moment like UK Uncut or the Anti Poll Tax demo - which was massive and transformative even before it became a riot ...
Read 6 tweets
Paul Mason Profile picture
Aug 4
So we're in for 13% inflation, a recession and policy chaos. Double digit inflation is a political crisis, not just economic: it dramatises the extreme wealth and power inequalities and forces people to question the status quo 🧵 1/...
2/... if people see 1/8 of their real spending power evaporate, while the rich (and big landlords) are cushioned from the effects, it's the spectacle of robbing the poor to enrich the well off right before their eyes: they're not going to stand by and applaud the govt...
3/ But the external, and political drivers of high energy and food costs are not solvable by traditional policy: not by the Bank, the Treasury or Ofgem: it needs immediate nationalisation of energy... remember ...
Read 8 tweets
Paul Mason Profile picture
Jul 26
Suddenly both Tory candidates getting bellicose on China. Why? 🧵1/ Because the whole of *British capitalism* is as dependent on cheap Chinese goods/capital as Germany was on cheap Russian gas - but you can't solve that with rhetoric ...
2/ Britain offshored millions of good jobs to China and other EMs by choice; we made higher education dependent on Chinese student fees by choice; we opened London to speculative property investment by choice...now Tories want to shout about China...
3/ I've been to China and met CPC officials - they don't give a **** about what Truss or Sunak thinks about human rights or HK - because they know the British financial elite will just keep taking the money, creating more dependency...
Read 7 tweets
Paul Mason Profile picture
Jul 22
If Truss wins she's going to use foreign policy as a core electoral narrative. Labour has to come up with a clear alternative - here's how... 1/ Recognise that ethics/humanitarian principles are important, but not enough ... newstatesman.com/comment/2022/0…
2/ ... because Johnson left a major question unresolved: what's Britain's post-Brexit role in a disintegrating world order? Or rather in the Integrated Review he have the wrong answer ... newstatesman.com/comment/2022/0…
3/ Since Blair's exit Labour leaders have muddled along issuing responses to a changing Tory geostrategy - the crisis we're in will be shaped by those with a clear vision of the endgame newstatesman.com/comment/2022/0…
Read 8 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us on Twitter!

:(