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Aug 27 • 5 tweets • 3 min read
#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."

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More from @AgathoniaMedia

Agathonia Media Profile picture
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
Agathonia Media Profile picture
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
Agathonia Media Profile picture
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
Agathonia Media Profile picture
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
Agathonia Media Profile picture
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
Agathonia Media Profile picture
Aug 27
#Ukraine: "On 17 August, Ukraine’s president Volodymyr #Zelenskyi ratified Law 5371, which removes #rights for workers at small and medium-sized companies."

opendemocracy.net/en/odr/ukraine… #MarketFundamentalism
"It will be effective for as long as the country is under martial law – a qualification added at the last minute, under pressure from trade unions."
"around 70% of workers in Ukraine have been stripped of many labour protections. Collective agreements negotiated by unions – over salary or holidays, for instance – no longer apply. The law also removes the legal authority of trade unions to veto workplace dismissals."
Read 7 tweets

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