Terry Barker Profile picture
Mar 3, 2023 10 tweets 5 min read Read on X
To all my followers. I’m preparing my presentation for the @CTNTE Conference to be held next Wed. In short, the UK can learn many valuable lessons from the Mexican experience in addressing the inflation problems caused by the knock-on effects of the Russian invasion of Ukraine.
I have tweeted before about the Mexican policy solution to the #CostofLivingCrisis , and will retrieve the tweets if I have time. Russia is using oil & gas prices as a war weapon against the West. We need to respond in kind with fresh anti-inflation policies. In summary we need:
1. a new basic-needs inflation index; 2. negotiated links of wage-rate increases to inflation using this index; 3. govt-led food policy in which the large food companies work together to achieve economies of scale in producing basic goods and services;
4. Reformed assessment of this change in policy using #SpaceTimeEconomics and space-time models, not #NeoclassicalEconomics and not #GeneralEquilibrium models; 5. A recognition that people, institutions and localities are diverse with different problems and needs in this crisis.
I presented these ideas at our conference which was both live streamed and recorded. We shall prepare separate segments of the conference as a series of social-media clips for easy access. Our purpose and ambition is to spread the word: we can and will make it happen - #NetZero
Many plans, schemes, projects, trials to mitigate climate change have been done. We can learn from them, addressing the cost-of-living crisis by local schemes towards #NZE3 or #NetZeroE3 which combine #NetZero with local projects, funded national and monitored regionally & are E3
Environment-Energy-Economy (E3) but also meet the critical criteria of being Equitable, Effective, and Efficient. Why not? Reform, resurgence, the bursting of buds open in the Northern spring. Out with the past obsolete and dead #NeoclassicalEconomics
Embrace #NewEconomics #SpaceTimeEconomics See money as an illusion, both good & bad, but unreal, an idea that binds us together in our economy, homes, schools, companies, & our governments. Buyers & sellers, workers & bosses, leaders & the led, we are all Institutionalised. Image
York Minster with its own legally separate space, where two Roman emperors died. Institutional spaces are long lived. Image

• • •

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!


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

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
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
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
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
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
Apr 14, 2023
#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!


0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy


3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!