"why we have failed to even bend the emissions curve (despite over 30yrs of scientific warnings!) compellingly reveals the role of the power of vested interests in blocking action
Need movements to overcome this!" Collective action+ Power->#TippingPoints
3/ Read Meadows on the Exponential CO2 Stick:"It shortens the time for effective action. It loads stress on a system faster & faster until coping mechanisms that have been able to deal w slower rates of change finally begin to fail" donellameadows.org/archives/lever…
4/ ~2018 Green New Deal was a movement-led demand for big green investment & taxing the rich 1. Starts out as a fringe idea 2. Pushed relentlessly by committed activists 3. Taken up by some politicians 4. Embraced by a broader section of party leadership 5. President takes credit
• • •
Missing some Tweet in this thread? You can try to
force a refresh
NSA's declassified history of Suez Crisis - who knew what, when. Eyeopening on extent of British-French-Israeli deception of Eisenhower about their plans to invade Egypt. Denied US dollars & oil, UK/Fr give up. European dependency reappears 1973, 2022... nsa.gov/portals/75/doc…
2/ 1956 Suez Crisis caused a catastrophic loss of confidence in sterling reserve currency & the end of British & French empires. They lost control of middle eastern oil to US & Arab states & entered permanent dependency.
3/"Among other things, the crisis accelerated the shift toward dollar oil (which would harden in the 1960s...) & marked the beginning of the end of sterling as a competing reserve currency"
Thread on Suez, origin story of current European import dependency
Climate crisis & Debt crisis are two sides of the same coin. Many developing countries face a lost decade just as Climate crisis worsens. They can't invest in green if they are broke & paying high interest rates. Thread prospect.org/world/developi…
IMF board met today & acc to Pakistani officials, revived stalled loan program approved in July 2019 to disburse $1.17 billion to reduce burdens of the economic-ecological crisis. Will IMF impose conditions of removing subsidies?hrw.org/news/2022/08/2…
Europe is experiencing its worst drought in at least 500 years! Hot and dry climate fueling wildfires, reducing crop yields & worsening electricity shortages edo.jrc.ec.europa.eu/documents/news…
2/ Europe and China's historic heatwaves and drought are hurting firms, farms and factories. We are in the grips of a Rossby wave, a planetary wave causing simultaneous crisis across the northern hemisphere.
4/ Europe is exporting its crisis to the rest of the world. By willing to pay high prices for energy, it is sucking energy - whether LNG or Coal - away from developing countries.
Exactly like 2020's bidding war for Masks or 2021's bidding war for Vaccines
Abe dead. Will Japan double down on Re-Militarizing against China?
He "allowed Japanese troops to fight on foreign soil, ended a ban on military exports & reinterpreted the country’s war-renouncing constitution to allow missile strikes on enemy territory" hcss.nl/wp-content/upl…
"No other country has devised a grand strategy for managing China’s rising economic and military power as deliberately or successfully as Japan. Seeking to counter Chinese ambitions toward regional hegemony, Japan has taken an increasingly assertive role"
Germany still an exporting powerhouse. Its exports are not down. Its imports have gotten more expensive.
But you can rest assured that german industries and conservative economists will not bother to look at any facts: destatis.de/EN/Themes/Econ…
Storm is a must read on Germany's modell. "exclusive focus is on exports & imports of goods...silence on banks,financial flows & interest rates reflects a view that the“financial sector”..is just passively adjusting to whatever happens in the real economy" ineteconomics.org/perspectives/b…