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EuropeanPowell Profile picture
@EuropeanPowell
Dec 19, 2022 • 7 tweets • 3 min read • Read on X
For every action, there is an opposite reaction.
As Tories increase prosperity for the rich, disaster capitalism cements austerity as policy choice which increases paycuts, strikes, foodbanks, collapse of public sector and rule of law. UK is a Kleptocracy.
theguardian.com/news/2022/dec/…
Govt announcing spending cuts matches the amount of profit that corporate hegemony has reaped, there is no lack of money, it's just unequally redistributed. All on the back of crises, you see how it works?
Deregulation goes hand in glove with wealth accumulation. City of London corporation is a charter city (est 1075) with it's own laws, offshoring gains to tax havens, private businesses dominate the electorate and have an unelected Remembrancer in HoC.
The City of London is an extremely powerful body that shapes economic policy, it should be investigated and dismantled as it favours only the extremely wealthy, the pandemic was exploited by that power, hence the enormous profits and public money absconded via the VIP PPE lanes.
The people have absolutely no say in a plethora of transactions and offshoring of wealth for tax avoidance and personal profits of the 1% thanks to the City of London. Watch the video The Spiders Web for all the details
Tories only interests are to cede political power to private mega corporations, hence the Tories track record of anti-governance. Deregulation will further entrench greed under new laws. I can't believe people aren't rallying their communities to say #EnoughlsEnough #GTTO
Case in point. This is what happens when angry venture capitalist are denied installing fascist laws as part of 'restructuring sovereignty'. Shanker Singham is an advisor to Prospera, Singham was the brains behind Brexit. Wake up UK
thelondoneconomic.com/business-econo…
prospera.hn/news/press-rel…

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More from @EuropeanPowell

EuropeanPowell Profile picture
Nov 20
The MSM will continue to fail in its duty of responsibility to the public over revealing what's really behind the duopoly's 86 deregulated SEZs, Freeports (soon to be Free cities, now Trumop is back)
Within the pages of William Rees-Mogg and James Davidsons 1997 book 'The Sovereign Individual - How to Survive and Thrive During the Collapse of the Welfare State' was a template that saw the birth of a new exit space for libertarians to virtually occupy, it was a digital public space that was rapidly privatised, the internet.
The intention was to destroy the nation-state by subverting the freedoms of online public access by corporatising and politicising them for exorbitant profit.
Digital regulation was and still is in its infancy, the rise of the internet proved to be the perfect transition period for venture capitalists to exploit.
In this scenario, the elites would delete national identity, along with a proclamation that they didn't owe ordinary citizens 'anything'.
Ordinary citizens were regarded as both 'parasites and predators' on taxes and profits, the redistribution of wealth under the terms of the social contract was to be torn up along with the shredding of the EU's protectionist laws and regulations under the still ongoing REUL Bill, (remember Sunak's video where he paper shredded EU/UK laws and regulations?)
es paid rent to Amazon, Google, Bezos, Zuckerberg, and Musk. Frontier capitalism has morphed from physical land grabbing to digital land-grabbing, we now have cloud capitalism and digital techno feudalist overlords.
Brexit meant the UK could let go of democracy and replace it with unfettered capitalism.
This needed a working framework to become operational, that framewrok is the deregulated zone. The zone is the perfect mechanism to rid a country of big government, you carve it up into many smaller regimes, each zone embedded with secondary legislation meant zero Parliamentary or public scrutiny to unravel the coup.
Read 8 tweets
EuropeanPowell Profile picture
Nov 9
Deloitte's revenue in 2023 was $64.9 billion, here's a page from their website gleefully eyeing the UK's 74 SEZs and 12 Freeports and the numerous tax breaks for corporations.
Deloitte has an atrocious track record of hacking employees data, theft of intellectual property, serial fraud, filing misleading reports into the Tobacco Industry, added credibility to the tobacco industry's effort to undermine the Australian Government's plain cigarette packaging legislation
In September 2017, The Guardian reported that Deloitte suffered a cyberattack that breached the confidentiality of its clients and 244,000 staff, allowing the attackers to access "usernames, passwords, IP addresses, architectural diagrams for businesses and health information".
The Securities and Exchange Commission announced on 29 September 2022 that Shanghai-based Deloitte Touche Tohmatsu Certified Public Accountants LLP (Deloitte-China) had agreed to pay $20 million to settle charges relating to failures in complying with requirements for auditing US companies in China and Chinese companies in the US.
Deloitte was awarded a $44 million no-bid contract by the Centers for Disease Control and Prevention (CDC) in the United States to build a website to manage scheduling, inventory, and reporting for COVID-19 vaccination. However, the website functioned poorly, leading very few states to adopt it for their vaccination management.
A Deloitte network firm named Brightman Almagor Zohar & Co, sometimes known as Deloitte Israel, gave an unqualified audit opinion on the accounts of Tingo Group, Inc for 2022. This became controversial when a report by Hindenburg Research identified "obvious errors" in Tingo's financials, making Hindenburg "suspect Deloitte Israel missed or rushed through procedures that would have uncovered important findings", and the U.S. Securities and Exchange Commission accused Tingo Group and others of a fraud of "staggering" scope.
Deloitte is in bed with the duopoly and is very happy about Starmer's changed Labour Party's deregulation plans announced at their recent 'Investment Summit' deregulation is catnip for malign criminal corporations setting up shop subsidised with public money at £160 million per SEZ in the UK's 86 Free zones.
taxscape.deloitte.com/article/freepo…
Deloitte had acted as internal auditor at construction and services giant Carillion before it went into liquidation in January 2018. The "excoriating" and "damning" (The Guardian) final report of the Parliamentary inquiry into Carillion's collapse was published on 16 May 2018, and criticised Deloitte for its involvement in the company's financial reporting practices.
Carillion grew from the hot new ideas of the 2000s, and it collapse is the cold wet patch left by the public service policies followed under the Blair, Brown and Cameron governments. Blair said his “third way” meant “Investment must drive radical reform” of the public sector: Labour spent more on public services, but expanded privatisation by insisting new “private partners” run public services.
When David Cameron became Prime Minister in 2010, Tory-led governments embraced and expanded the New Labour policy of handing public services to private “partners”, but under austerity reduced the amount they spent, making the situation even worse.
Zone Fever has arrived by stealth in Brexit Britain, just know that Trump is a big fan of zoning aka carving out private jurisdictions and building free cities for his kind of right-wing customer/citizen.
vice.com/en/article/the…
Ther are more controversies connected with Deloitte, but what I wanted to point out was their website highlights the House of Commons 2024 investigative report into Englands 48 SEZs and 8 Freeports. (see picture below). That same HoC report cited lack of transparency, ignoring the Nolan principles, and questions over value for taxpayers money. The HoC recommended the National Audit Office investigate, this was refused permission by Rachel Reeves 6 days into office. The whole SEZs/Freeports project is a govt backed corporate scam that will entrench deregulations CPOs, and asset stripping to privatise entire regions of the UK. I cannot emphaise enough how dangerous this is for the UKs public sector, the UK MSM is ignoring this story, but watch as all the pieces of the puzzle fall into place just, oh and guess who else is a big fan of free zones and free cities? Donald Trump.Image
Read 5 tweets
EuropeanPowell Profile picture
Nov 6
Still able to go it alone UK?
Rejoining the EU is the only option if you want your economy to grow, and not be destroyed by Trump, the UK must get its act together and be on the right side of history.🇪🇺
“The UK is a small, open economy and would be one of the countries most affected,” Kaya said. NIESR has estimated that over two years the UK inflation rate would be 3-4 points higher while interest rates would be 2-3 points higher.
theguardian.com/us-news/2024/n…
Keir Starmer's economic programme.
He stressed that the party was about growth, not tax and spend.
Key policy? Deregulation to attract foreign investment to force Brexit to work.
You have collective sovereignty which is people power, Starmer clearly despise this, and you have corporate sovereignty which is power for the asset classes, and fuck everyone else who didn't understand or inform themselves that Mogg's toxic Sovereign Individual is king.
theguardian.com/commentisfree/…
Read 5 tweets
EuropeanPowell Profile picture
Oct 25
A corporate coup means everything is up for grabs, the UK is desperate and capital-hungry after Brexit. Deregulated SEZs were a Sunak and Truss initiative fully backed by Labour MPs, Mayors, councillors, Lords, and Baronesses, who were active board members of the Tories nationwide SEZs/Freeports consortia.
Free zones = privatisation on steroids, that's all public infrastructure within the zone, schools, hospitals, public utilities, police, housing, councils.
Free zones are regulated in the EU to prevent govts of member states from giving advantages to companies by exploiting State aid for profit motives without giving anything back to local infrastructure, deregulated free zones distort markets and create an unlevel playing field, this is Brexit.
europarl.europa.eu/RegData/etudes…
State aid is public money, UK tax payers are subsidizing the dismantling of their public services.
UK 74 SEZs and 12 Freeports are licensed for a quarter of a century with tax breaks for companies set at 10 years.
Each SEZ gets £160 million in State aid, multiplied by 74 = £11 billion 840 million
Sunak's flagship Brexit Freeport in Teesside has already spent half a billion of taxpayers money, profits are split 90/10 in favour of the private sector. Rinse and repeat across all UK free zones.
UK free zones contravene EU laws and regulations on State aid, this information is on the Govt's website, it explains why SEZs failed under Thatcher.
researchbriefings.files.parliament.uk/documents/SN05…
WTO rules on State aid are more 'flexible' for developing countries, but massive deregulation benefits corporations and not workers, this is the price ordinary people pay trying to stay afloat with 2, 3 more jobs, it will get far worse once the 86 free zones are fully operational.
It is an absolute travesty that the UK MSM is ignoring the dangers of deregulated SEZs, scores of councils collapsing through engineered insolvency are catnip for private equity to step in and 'rescue' entire regions from the 'oppressive constraints' democracy.
On top of this mass Compulsory Purchase Orders (CPOs) are taking place in Birmingham, and Cornwall, 6 SEZs in Birmingham, 16 SEZs in Cornwall.
x.com/EuropeanPowell…
CPOs apply to business, agricultural and residential properties.
x.com/EuropeanPowell…
The state is being abolished, the most lucrative line of business is between malign corporations and govts who despise an egalitarian system of democracy. Wage share and profit share of GDP under managed capitalism are kept in balance, not so when deregulated SEZs hollow out social governance and replace it with corporate governance.
Labour are continuing the Tories SEZs policy with the same contempt right-wing libertarians harbour for the nation-state that hands over social governance powers to corporations.
Starmer's changed Labour Party are in hoc to Blackrock, Deloitte, Blackstone, Chevron, Exxon Mobil, the IEA, Adam Smith Institute, Centre for Policy Exchange, Starmer's Labour an absolute disgrace, they have betrayed the core foundations of the social contract, the impacts on ordinary working people will be catastrophic for decades to come.
thecanary.co/uk/analysis/20…Image
Image
Image
Read 6 tweets
EuropeanPowell Profile picture
Oct 23
Understand that the UK's 12 deregulated Freeports each sit in much larger Special Economic Zones which range in size from 38 to 75km in diameter, there are 74 SEZs being set up across the UK, 48 in England, 18 in Scotland, and 8 in Wales.
Free zones have a colonialist mindset embedded in them along with secondary legislation that bypasses Parliamentary and public scrutiny.
I made a list of the dangers SEZs pose to
communities, towns, and cities across the UK.
Please read it and know that as the UK is carved up into corporate governed sovereignties, deregulation has already begun under Jacob Rees-Mogg's REUL Bill, 600 EU/UK laws were revoked overnight on 31st Dec 2023 with 1000s more laws for the chop by 2026, the 3 main areas targeted were employment rights, food safety, and environmental protections.
This bill is now in Labour's hands, last week at the Labour Investment Summit, Starmer et al announced a whole raft of deregulatory attacks (because that is what they actually are) to entrench profit over protections that took 40 years to develop as members of the EU.
It still astonishes me that people assume Starmer's changed Labour Party is for the working people of the UK, it is clearly not, this incarnation of Labour is even further right than Blair.
Brexit has rendered the UK economy 'desperate and capital hungry', the 'quick silver capital' solution is to deregulate the hell out of everything by allowing corporations to 'rescue' democracy from its negatively framed statist failings.
Brexit was an outgrowth of 'exit strategies' from democracy developed in the 50s and 60s by right-wing libertarians and economists, think tanks like the IEA and ATLAS network incubated what were once deemed radical fringe ideologies by academia.
As the world turned, these ideologies became flesh, and this involved fomenting state capture resulting in the transfer of public wealth to private hands, you have all been conned; now watch as 'zone fever' tips the UK into kleptocratic authoritarianism.
x.com/EuropeanPowell…
Despite having a verified account, my research into deregulated SEZs is being stifled, I am seeing considerably less traction on my account, this should be sounding alarm bells because we're seeing whistleblowers and investigative journalists being arrested and silenced for exposing the truth and rot at the heart of our democracy. Protestors are being arrested and imprisoned with harsh sentences for dissent.
SEZs are capitalist experiments in neocolonialism, the UK birthed the zone back in 1600 with the East India Company, this cycled through to Hong Kong and Singapore in the 1850s. Right-wing capitalists have resurrected the zone because it exemplifies and embodies 'small govt' by perforating holes in the national fabric of the nation. Brexit has unleashed neoliberal chaos on an unsuspecting public.
I think it is extremely disturbing that the MSM are ignoring the UK's SEZs/Freeports experiment in corporate hegemony and state capture.
I am asking for your support, please read and share my research far and wide. Thank you
Read 5 tweets
EuropeanPowell Profile picture
Oct 14
Deregulation on tap from Starmer's changed Labour Party, they are no different than the Tories.
Corporate governance is coming as the absolute worst companies from around the globe like DP World, Blackrock, and Blackstone are given carte blanche to self-regulate inside the duopoly's 74 SEZs and 12 Freeports.
The UK is being carved up into zones of exception from the host country's laws and regulations. Economies outside the zones will be forced to emulate the big companies as competition increases in an unlevel playing field. This is why Starmer says no rejoining the EU.
All UK free zones contravene EU laws on State aid (public money). Companies chasing State aid in the zones are not looking at the long term, it is literally boom-and-bust.
europarl.europa.eu/RegData/etudes…
Understand that the corporate model of politics will replace social democracy, this is how SEZs operate via small acts of secession fragmenting the country into small govts with no interventionism from big govt. Free zones perforate holes in the fabric of the nation-state, once this takes hold, the entire country will be privatised.
Of course @Guardian mention none of the above, you have to ask why?
theguardian.com/politics/2024/…
If you hadn't heard of Special Economic Zones or Freeports before seeing my research into the dangers they pose to UK infrastructure, please consider buying me a Ko-Fi.
ko-fi.com/europeanpowell
Read 4 tweets

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