#Work/#FunEmployment: "Record numbers of people aged 50 and over in the #UK have become economically inactive since the start of the pandemic, the Office for National Statistics said this spring"

theguardian.com/money/2022/aug…
"For a number of respondents, caring for family members was a factor, and while most do not envisage having to return to the job market, various people said they may have to do so because of spiralling #costs in Britain."
"'#This profession was who I was, for nearly 30 years. I was surprised at how little the decision impacted me, apart from a feeling of guilt at leaving my colleagues and students mid-year,' he says. 'Now, I look forward to having more control over my life. I won’t be going back'”
"Walker says money is 'obviously' a concern, but he and his wife hope they can manage by embracing a simpler #lifestyle and reducing their '#economic #footprint'."
"'Now, I’m #funemployed [sic] and taking some time to #work out what I want to do when I grow up,' the 52-year-old says."
🤣"The boss of John Lewis has said that the 1 million mostly over-50s who left their jobs during the Covid pandemic should be encouraged back to work to tackle the labour shortage that is pushing up #inflation and #wages."

theguardian.com/media/2022/aug…

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More from @AgathoniaMedia

Aug 28
"States at war generally adopt interventionist economic policies to mobilize resources and manpower. #Ukraine hasn’t followed suit, instead pursuing dogmatic free-marketeer measures that suit #Western creditors more than its own population."

jacobin.com/2022/07/ukrain…
"Generally, #states at #war tend to nationalize key sectors of the economy to maximize armaments production and stabilize the civilian economy, both to prevent chaos in the rear and feed the army. Strangely, this has not taken place in #Ukraine"
"The idea that “#corruption” is the greatest barrier to development is a fiction used to justify trade #liberalization in which the stronger #Western capitalists inevitably win, to the detriment of the Ukrainian economy."
Read 12 tweets
Aug 28
#History: "... A combination of rationality, a superior culture and richer public sensibility provided the soil in which #democracy, uniquely, could flourish. But what if that is #nonsense? What if we have the story all wrong?"

jonathancook.substack.com/p/dont-be-fool…
"There are differences between open & closed societies, to be sure. One of the most notable is that, in the west, closed minds are not imposed on the populace, as they have to be in authoritarian regimes. Instead, they are cultivated and nurtured ...
... through #consumption of the establishment #media."

"An interview with Volodymr #Zelenskiy, the hero-president of “democratic” #Ukraine, the leader so beloved of the western establishment #media, is a case in point. He now admits that, throughout Moscow’s build-up ...
Read 12 tweets
Aug 28
#Power: "#Food #price rises around the world are the result of a 'broken' food system that is failing the poor and concentrating #power and #profits in the hands of a few, food experts have said."

theguardian.com/environment/20… #FoodSystems #inflation
"The Guardian revealed this week that the #ABCD companies (Archer-Daniels-Midland, Bunge, Cargill and Louis Dreyfus) – which control 70-90% of the global #grain trade – have been making a record #bonanza as food prices have soared in the wake of the #Ukraine war."
"Campaigners are concerned that seeds and agricultural chemicals are similarly controlled by a handful of companies, with just three multinationals – Bayer-Monsanto, Dupont-Dow and Chem-China Syngenta – controlling 60% of the trade. "
Read 4 tweets
Aug 27
"Emmanuel #Macron has warned the French they are facing sacrifices and what he called the 'end of #abundance', at his government’s first cabinet meeting after the summer holidays."

theguardian.com/world/2022/aug…
"The president, speaking before ministers at the Élysée, said the country was at a '#TippingPoint' and faced a difficult winter and a new era of #instability caused by #ClimateChange and #Russia’s invasion of #Ukraine."
"'What we are currently living through is a kind of major tipping point or a great upheaval … we are living the end of what could have seemed an era of abundance … the end of the abundance of products of #technologies that seemed always available …
Read 5 tweets
Aug 27
#GDP, again: "The contrast between overall #wellbeing and economic #growth is perhaps most evident in the #US. Between 2020 and 2021 US GDP increased by 9.08%, but during that same period, #LifeExpectancy actually decreased by 0.39 years."

opendemocracy.net/en/oureconomy/…
"A recent report from the #Wellbeing Economy Alliance (which one of us works for) found the countries that prioritised well-being over economic growth during #COVID fared better from a health and economic standpoint."
Read 5 tweets
Aug 27
#Neoliberalism/#UK: "In #Britain, there is the added factor of a move to the political Right that even exceeds the radical #neoliberal changes of the 1980s Margaret #Thatcher era. This coincides with severe socio-economic challenges ...

opendemocracy.net/en/truss-cost-…
... that simply do not fit in with that neoliberal agenda – meaning that the #UK is heading for a crunch among wealthy states over the viability of an economic model that could have worldwide implications."
"Supported by the Tufton Street brigade of neoliberal freethinkers and their wider global community of hundreds more think tanks within the Atlas system, the government has worked hard to maintain the market fundamentalist view."
Read 4 tweets

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