EuropeanPowell Profile picture
Apr 23 9 tweets 2 min read Twitter logo Read on Twitter
This🧵draws parallels between Truss' model of investment zones to those installed in Shenzen, China, another model of capitalist achievement lauded by the libertarian right. Even Chinese citizens needed visas to enter the quarantined ‘corporate zone of economic experimentation’.
Inside this zone, local entrepreneurs were left to self organize as corporate management had been handed Govt powers. The zone had a huge influx of foreign investment as land and labor were aggressively commodified.
1987 an inland market was set up, a deluge of venture capitalists descended onto Shenzen, huge swathes of land were taken from rural usage and transformed into private property, this was one of the biggest transfers of public wealth to private hands in modern history. UK next!
As zone fever gripped the nation, on paper the results were staggering, in 1980, officials hoped to bring in 300,000 people to Shenzen by 2000, the real number was 10million, by 2020 the population doubled to 20million
Template of a China of enclaves was set, total 'zonification'
A reserve army of migrant labourers moved between the city and the countryside, mini zones 'permitted' town and village enterprises to produce and sell for the larger markets dominating the region. Sunak and Hunt’s SEZs will do much the same thing by weaponising deregulation.
What Sunak is doing with his Freeports&SEZ’s is restructuring sovereignty so it enables in newly written anti-EU law the hypermobile movement of capital in and around increasingly competitive zones, a patchwork of sovereignty bought up by selling off public assets #BrexitDisaster
In 1990 Milton Friedman said the right model for Eastern Europe after state socialism was not the US, GB, it was Hong Kong. Capitalism did not need democracy to work, the path to success was the 'zone'. For God's sake UK wake up and stop whats coming next to post Brexit UK.
Brexit UK, a perfect model for the zone, an isolated island, a 3rd country that wants nothing to do with EU regulation and protectionism. Govt despises ECHR, anti-immigration is cover for domestic workers rights being shredded to allow the corporate zone to treat people as slaves

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More from @EuropeanPowell

Apr 25
In 2005 Tories published a paper that acknowledged Labour's move to the centre right had outmanoeuvred their own parties ideological aims, the choices the hard right faction listed lead to the parties insurgence today as a extreme right (fascist) outfit.👇🏻
whatwouldvirchowdo.files.wordpress.com/2015/09/direct…
Tories blame game>"A new consensus demanding the extension of the activist state’s reach is underpinned by support from the BBC, the judiciary and academia.
Even if we include UKIP, the BNP and the various hues of Ulster Unionist, the Right-of-Centre vote is still only 36%"
On Schools
"Too many children do too many exams, all designed to get too many of them into university, where there are too many degrees on offer to too many students'
Schools should be independent, where new providers should be allowed to enter the market and compete for pupils">
Read 13 tweets
Apr 22
Here’s what’s happening in post Brexit UK, its citizens have been reduced to the role of mere spectators of their own fate.
Here's some detail behind that last tweet on how Brexit UK rehash's it's own examples from its colonialist history of besieging a country primed for economic governance with its own laws and courts set apart from the host nation. Do you get it now?
The period of colonial rule over Hong Kong has been termed as Chinas’ century of humiliation’, it’s laws forcibly established by foreign interests known as the ‘unequal treaties’. Now think of Mogg's 50 year waiting period for Brexit dividends but only for minted feudal overlords
Read 7 tweets
Apr 22
Sunak’s Freeports and SEZs have a worrying legacy behind them that goes back to British colonial rule of Hong Kong, Friedman’s Mont Pelerin Society and transatlantic interests in maintaining extreme capital accumulation at the expense of democratic oversight.
The 99 year lease on the New Territories was about to expire in 1997, libertarians were panicking, Thatcher hoped that China would renew the lease on this exceptional zone to preserve international liberty and capital gains off shored to Bermuda, a compromise was reached.
The British claimed Hong Kong as the prize of the 1st Opium War in 1842, the spoils of which were a harbour named Victoria that was transformed into an economic hub serving the drug trade.
Read 17 tweets
Apr 21
This is what happens under r/w libertarianism, a privately elected Govt dictate 'economic governance'. A refusal to balance wage share with profit share, this is what Truss attacks as 'redistributionism'.
The UK desperately needs a new social contract.
theguardian.com/business/2023/…
Corporate profits played a large part in rising prices, companies pushed up prices to maintain their profit margins, “greedflation”. Paul Donovan-UBS Wealth Management "a social media campaign led by heads of US and eurozone central banks would kill such profiteering stone dead.
Where the fuck is the opposition on this?
30-40 years of successful egalitarian economics meant growth and prosperity for all, not the already minted. This is disaster capitalism and it is out of control.
Read 5 tweets
Apr 21
The Great British PPE Heist sung to the Cabinets tune of The Winner Takes It All
£17.3bn Covid contracts awarded by July 2020
£17.1bn Value of those awarded with no competition
Ayanda - Tom Horlick £20.3m, Andrew Mills £32.4m, Nathan Engelbrecht £11.6m
>
Tanner Pharma - Banks Bourne £45.7m
Meller Designs - David and Michael Meller £16.4m
Uniserve Group - Ian Liddel £20m
Randox Laboratories - Peter Fitzgerald £15.9m
Primer Design - Graham Mullis £8.5m
Serco -Rupert Soames £3.85m
Deloitte Partners -£854,000 profit share per partner
PPE was stored in a ‘deep storage’ warehouse... making it difficult to distribute stock rapidly, logistics arrangements were not geared for an immediate response and some PPE had passed its expiry date or did not meet current safetystandards
Read 17 tweets
Apr 20
This🧵examines the r/w libertarian Chicago School of laissez faire capitalisms' influence on Thatcher and its impact on Chile. In 1981 Hayek wrote to Thatcher urging her to adopt the economic reforms forced onto the Chilean public by Pinochet>
>This opportunity to rid the UK of the egalitarian Keynesian economy of the past 30-40 years was too radical for Thatcher, she wrote back that Britains democratic institutions could not allow such radical transgressions of Britains Constitution. She later caved of course.
Thatcher in her 3rd term was losing popularity, she was not about to lose the next GE by adopting Hayek and Friedman's economic reforms despite their appeal to her free market leanings.
'Votes are more equally distributed than income' Allan Meltzer, friend of Friedman.
Read 14 tweets

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