Share this page!

Enter URL or ID to Unroll

You can paste full URL like: https://x.com/threadreaderapp/status/1644127596119195649
or just the ID like: 1644127596119195649

How to get URL link on X (Twitter) App

  1. On the Twitter thread, click on or icon on the bottom
  2. Click again on or Share Via icon
  3. Click on Copy Link to Tweet
  4. Paste it above and click "Unroll Thread"!
  5. More info at Twitter Help
Terry Barker Profile picture
@terry_barker21
Oct 5, 2022 • 8 tweets • 3 min read • Read on X
Unbelievable cod economics being spouted by Truss and Minister Paul Scully. This is boned-up #PostTruthEconomics. Scrap economic orthodoxy, he is saying, and disrupt (what? the economy? society? the woke, whoever they are?) Ah, it’s the EU regulations to be scrapped. 😡
Minister Scully is giving the justification for #TheGrowthPlan on @BBCRadio4 World at One. Mainly spin, clearly a qualification for the job. He’s good, smooth, well-spoken as mum would say. “A different strand of Conservatism” he says. 😂Neoconservatism, I say. Smooth as treacle.
So what are the economics of the half-baked plan enacted in #budget2022 & explained by sloganeering Truss & smooth Scully? Radical policies are necessary to respond to 1) events, eg energy price inflation & 2) the fact that the economic orthodoxy has failed. So far I agree 100%.
So what to do? Scully says: trust people to spend their own money rather than the social democracy approach of a larger govt. I say: the state legally taxes the citizenry. It’s the govt’s money. It’s our social contract for govt to protect & care for us & safeguard our future.
Scully says: you *have* to grow the economy. I say: who is the “you” here? The economy is a complex system, no one is in charge. It’s not a TV on standby that you can press the power button for it to glow.
In the govt’s ignorance, they have unwittingly maddened the markets, which will increase uncertainty and reduce expectations of growth and most likely growth itself. If it’s so easy, why has every previous govt failed to grow the economy to order?
Scully suggests: investment zones, bottom-up planning from local authorities will get enterprise going. I say: maybe; there are huge problems and a radical approach is welcome. But a business free-for-all? Nature, #NetZero, clean air & water, all to be sacrificed for growth?
This is more like a recipe for massive local social conflict if it ever gets off the ground. Neocons taking on the green & the green growth social drives. It goes against the grain of progress. It’s 19thC capitalism run riot, concealed in warm words. #PostTruthEconomics

• • •

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

Keep Current with Terry Barker

Terry Barker 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 @terry_barker21

Terry Barker Profile picture
Apr 23, 2023
Exactly this. Past and current Cabinet Ministers appear seriously ignorant about the United Kingdom’s constitutional governance, & the role of civil servants in relation to the executive. The politicisation of the service is relatively recent, and has already gone too far.
The outrageous disrespecting & attempted or actual replacing of Permanent Secretaries by sycophants during the #Brexit years was unconstitutional & corrosive of good government. Our government has become populist & authoritarian. Standards of public service have been set aside.
Almost anything ministers have wanted to do has been allowed by the #Brexit so-called “elite” to the point where civil servants have been abused by bullying, relocation, lies, & intimidation. This whole episode of government is deeply shameful.
Read 4 tweets
Terry Barker Profile picture
Apr 23, 2023
Incredibly, the 2022 stress tests for the UK banks also did not include testing for substantial hikes in interest rates. The list of failures, policy mistakes, & uncovered crimes, of UK governments & their bankers, grows by the day. #TimeForAChange
Instead of this reckoning, we should be focused on #NetZero now, the #CostOfLivingCrisis and the coronation. We must move on from the rotten Tory system to survive. #GeneralElectionNow
The gutter press supporting the Tory right are on a mission to distract the people so that they overlook the destruction of the country’s infrastructure, society, and economy by the last 5 destructive if not actually corrupt Tory governments.
Read 4 tweets
Terry Barker Profile picture
Apr 23, 2023
English water ways are an international disgrace. So-called plans for improvement are announced by Tory governments, but they tend to remain plans, not actions. The pollution continues unabated.
Then at the next election, after yet another failure, the Tories promise to do better. And the whole disgraceful, #PostTruthSociety vicious circle of #PublicRelations , half truths & lies is repeated again, while the #Finacialization of the water industry goes on, unabated.
There’s money to be made by the water companies pouring their sewage into our rivers and onto our beaches. So, being greedy, they do it to add to their Directors’s bonuses & shareholders’ dividends.
Read 8 tweets
Terry Barker Profile picture
Apr 22, 2023
Lol! I think that Raab is the real scary one, but he/she? is no longer lined up to face the cameras as a Minister. And the Prime Minister is also awol, stunned by his own indecisiveness. Raab holds intemperate views about the #CivilServants of the UK conspiring against him.
#DominicRaab is very cross. Tossed out on his ear by a cabal of conspiring servants, who dared to speak up against his ungentlemanly behaviour. Or correctly, tossed out by himself in response to outrageous allegations, now confirmed as bullying, about his Ministerial misconduct.
Our UK unwritten constitution has a lot to say about the role of civil servants in relation to the executive and the legislative roles of government. In brief they are independent impartial, knowledgeable, competent, tested, & trusted to do a good job.
Read 13 tweets
Terry Barker Profile picture
Apr 15, 2023
Thanks for useful summary of how “heterodox” economics is defined. The name is problematic, since it appears to be “non-orthodox”, yet “orthodox” economics is left undefined. Is it “mainstream”? I prefer “new” versus “old” economics, which are not defined by their age but …
.. in relation to the Keynesian revolution of the 1930s. Keynesian economics was characterised after WW2 as “new” in relation to the “old”, neoclassical, Marshallian, economics that preceded it. The counter-revolution of the Samuelson neoclassical school eventually prevailed.
However, #NeoclassicalEconomics has, essentially met its demise in the ongoing collapse of free-market capitalism (or neoliberalism), inaugurated by the #GFC, which exposed that “the banks were too big to fail”. Bankruptcy is an essential feature of capitalism.
Read 7 tweets
Terry Barker Profile picture
Apr 14, 2023
The Big One chuffed.org/project/thebig…
#ClimateActionNow implies that we should all act now to do what we can, bring reasonable about it. We can check what fossil fuel we could stop burning, or at least reduce burning. And reduce its use.
The best way of reducing GHG emissions is by changing personal behavior by changing our routines. Switch from a car to a e-bike, walk to the shops, review all the uses of electricity at home and switch off unnecessary uses.
Read 5 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!

Send Email!

:(