Words fail. How, why, & when did our government come to this? Ask Boris Johnson if he has got what he wished for. He has played Eton games with our governance. Lack of political & economic acumen amongst Tory party leaders is astonishing. All their MPs are being held to account.
I blame #Brexit. They, Tory MPs, blame everything else that they can think of: Putin, the war, and even “remainers”! I can’t stop remembering BJ, now apparently sunning himself in the Caribbean, performing as a real politician over his period in office.
In the UK we are living day-by-day though an unprecedented historical unravelling of a Western government. Caused by a combination of external events, a Tory party actively promoting division during political & economic crises, & 12 years of Tory austerity.
Policies have been forced on @hmtreasury & @bankofengland by an ignorant political elite, Permanent Secretaries have been sacked, unwritten constitutional rules have been undermined, & govts have failed to address the effects of their policies on the country.
Now government has collapsed. The UK’s constitutional solution to this state of affairs is a General Election. This will decisively end #PostTruthEconomics and the careers of a large number of Tory MPs.
So she’s gone. Lord Howard says: it’s not up to me. He wants to keep the Tories in power for ever, despite the evidence of a failed political party before our eyes. We will have had three (unelected) PMs in four months, unelected by the voters, but now chosen by the markets.
The resurrection of “Boris” beggars belief. All these Tory vox pops being terribly dismayed by events now proclaiming him at the saviour of the Party. I suspect a BJ plot co-organised by the Putin-supporting entryists from the now-defunct UKIP. They want #Brexit forever.
One Red-Wall MP Marco Longi crawled out of the woodwork on BBC Open Source. He had a weird large red-and-black chain-link flag behind him. on BBC Open Source, & appealed on script directly to BJ to come back as PM. Others proclaimed BJ as the compromise candidate. Really!
We are enduring an economic catastrophe instigated by a powerful cabal of badly educated & richly endowed journalists/bankers. Where are the morals? where is the integrity? So few of them seem to be thinking of the good of the country, instead of the lining of their pockets.
A General Election is the constitutional solution to this economic chaos. A clean sweep of the Augean stables. It could lead to the end of insider trading & non-dom status. Let the richly endowed pay their fair share of the bill for public services.
The tax receipts are not their money or our money. Legally & morally they belong to the crown, collected by HMRC, & managed by the Exchequer for the public good. @hmtreasury plans the economy & the independent @bankofengland manages Sterling & public debt. Not by credit card.
Appropriate targets in the current situation are as follows. 1) Economic & financial stability, if necessary by curbing market excess. 2) A timed & targeted, street-by-street, program of housing renewal aimed at making homes in the most deprived areas dry, warm, snug & “green”.
3) A #NetZero target to be achieved via #GreenNewDeal & supporting the leveling-up agenda by investing in low/zero GHG-emitting R&D, equipment & structures where it most suits local conditions.
4) Improved public spaces, cleaned up waterways, new intercity walk/cycleways by improving/restoring ancient & Roman byways & traditional rights of way. We should honour our heritage, not frack and burn.
All this treasure comes not from money, but from ideas, imagination & true ambition. It is enabled by money.
For the good of the nation & in the national interest, the @HouseofCommons should dissolve itself. Let the people choose their representatives in Parliament & via them, their delegates in government. Not the City.

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More from @terry_barker21

Oct 22
New thread on the #SecondGFC follows.
So Moody’s has downgraded the UK as a “warning sign” re the volatility of £ & UK politics. One of the rating agencies that awarded top grades to junk bonds etc in the #GFC. A 100 yrs ago Moody himself gave the UK our now lost top rating. How times change. C/f £⬇️ since then.
Clearly governments were in charge of the markets then. And now, shockingly, markets seem to be in charge of governments! The “markets” are warning the UK to appoint the right finance minister and maybe PM. [lunch beckons, more to follow]
Read 15 tweets
Oct 22
Let’s be clear, BJ does *not* have a mandate to govern the UK. The meme comes from the populist plot to divide & create chaos. Incredibly, we are seeing Naomi Klein’s The Shock Doctrine (2007) in action. Our global political-economic-energy system #capitalism has been corrupted.
The UK’s unwritten constitution has the PM as primus inter pares, first among equals. He/She is not elected by popular demand, but in secret ballots in orderly elections. The UK’s constitutional checks & balances are in @HouseofCommons rules & procedures that BJ likes to flout.
So how has our Western version of #capitalism been corrupted? My guess is by the pursuit of money, and the gradual, insidious spread of insider trading in markets, the buying & selling of politicians & policies, and regulatory capture by those being regulated.
Read 9 tweets
Oct 21
I predict ever more political chaos. It has become a Trump-alike entertainment show, with Boris as the star. Fortunately, the MPs vote is secret, but arm twisting is Tory stockintrade. It’s becoming more nasty, even for the nasty party.
The showman returns. From the astonishingly sudden rise, via the Boris bots & former kippers, there is a hidden populist plot to return him to the premiership. I smell Steve Bannon behind the plot & Putin behind him. MAGA comes to the UK.
Imagine that his clique can really create #Boris cult. MOBO: Make Our Britain Ours again. Like the Barmy Army of old, but harmful rather than harmless. MOBO populist mobs will spring up, apparently spontaneously, loudly supporting #Boris for PM. If successful, more chaos ensues.
Read 7 tweets
Oct 21
Good people across the country recognize both that there is a climate crisis and a cost-of-living crisis. Remember how we can together during the pandemic to support and help each other. The twin crises demand it. Love our neighbours, literally.
In Cambridge I’ve been asking shop keepers how they are managing the inflation. I’ve been overwhelmed by their concern for their customers. Everyone remembers how we came together during the pandemic and the Queen’s funeral.
I asked how they coped with rising prices. Impressively, to a person, they keep prices constant until the prices of their suppliers go up, then they keep the same margins as before. This is ethical good behaviour and everyone understands and appreciates it.
Read 4 tweets
Oct 17
#TheScienceofMoney is the core of #SpaceTimeEconomics Money, as a social construct in evolution, is as critical & crucial as the discovery of fire. Both transformed the prospects of those who adopted them. This is social evolution.
Money lubricates transactions; it allows us to reduce risks; perceptions of enough of it can make us content; it is simultaneously beautiful, desirable, neutral, & dangerous. It is a tool, an idea, a way of ascribing responsibility, a tracking mechanism. It has multiple meanings.
“Money makes the world go round”, “Money, money, money”, if only I/we/they had enough, “they are moneyed”, “who needs money?” If you & I are not careful, money can dominate thoughts & hopes. The sunlit uplands are paved in gold. The magic. Love of money is “root of all evil”.
Read 8 tweets
Oct 14
What does economic #integrality mean? The word is used in mathematics & economics. In economics, it is related to the concepts of integer & integrity, and has both an everyday & a maths meaning. It means that a resource, defined very widely to include people, is “fit for purpose”
The mathematical meaning of #integrality requires knowledge of set theory and “space-time” economics. In the set of resources, very widely defined including humans, the earth and black holes, there are good resources and bad resources.
Good resources, here and now, are a Vermeer painting, a loved hymn, Mother Earth, a view of earth from a very distant planet. Bad resources are rubbish strewn across a road, a polluted stream, a sick city.
Read 14 tweets

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