Michael McAteer Profile picture
Jan 18 3 tweets 1 min read Read on X
Techno-fuedalism is the current descriptor of our state of affairs and it jibes with the hard right turn to a populist government in the States. The evil twins of society’s estates arise at the nadir of social relations stressed by decades of economic inequality.
The people think the elites have kept too much for themselves and instead of being dutiful, have become licentious in the archaic meaning: of disregarding accepted rules or conventions.
That the plutocrats of Silicon Valley are vying for political power only follows a long tradition of buying governments in the United States. They are the new money and they want control over their fiefdoms.

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More from @Monetarius

Jan 6
Who is Derek Guy? Well, for one thing he is, or was, Canadian. "Derek Guy, also known as "the menswear guy" on Twitter, is a Canadian men's fashion industry writer and commentator.en.wikipedia.org/wiki/Derek_Guy
He gained fame following the acquisition of Twitter by Elon Musk when the site's algorithmically curated "For You" tab promoted his account @dieworkwear to a large audience.
Guy has contributed pieces to publications including GQ, The Washington Post, Esquire, Foreign Policy, Politico, The Guardian, and The Nation." He is astute and worth reading in the Twitter/X short form.
Read 5 tweets
Jan 6
Who is Derek Guy? Well, for one thing he is, or was, Canadian. "Derek Guy, also known as "the menswear guy" on Twitter, is a Canadian men's fashion industry writer and commentator.en.wikipedia.org/wiki/Derek_Guy
He gained fame following the acquisition of Twitter by Elon Musk when the site's algorithmically curated "For You" tab promoted his account @dieworkwear to a large audience.
Guy has contributed pieces to publications including GQ, The Washington Post, Esquire, Foreign Policy, Politico, The Guardian, and The Nation." He is astute and worth reading in the Twitter/X short form.
Read 5 tweets
Dec 8, 2024
Why it was all down hill after 1980 — the Kondratiev long wave of economic activity. Machiavelli said it simply in the 15th C. that the republic becomes unbalanced when the elites, instead of being accommodative of the people, keep too much for themselves. Image
Most people probably assumed that the assassination of United Healthcare's CEO on the streets of Manhattan was by someone who held a personal grudge against the insurer, perhaps someone who was denied a claim or close to someone affected this way.
The collection of evidence including the backpack stuffed with Monopoly money seems to suggest that this crime may be politically motivated. Welcome to an age of anarchy. Are you ready for anarcho-capitalism?
Read 5 tweets
Oct 15, 2024
Kondratiev in 1927 observed that capitalist economies exhibit a regular long wave of economic activity of between 45-60 years, ending in deflationary depression. The last wave started around 1950 when GDP took off like a rocket.
There were several years of "super-inflation" before it settled back to start an upward trend that culminated in the mid-wave crisis of 1980. The last deflationary depression announced itself with the global financial crisis in 2008. It lasted a decade.
Economists point to nominal statistics to deny it, but social indicators like food bank use, suicide rates, the drop in longevity support this conclusion. Economists said the same thing about The Long Depression that started with a financial crash in 1873.
Read 6 tweets
Oct 11, 2024
Poilivere's folk libertarianism and much economic commentary from the populist right attempts to revive the stale dated theories of Milton Friedman and "Austrian" economics that tout the superiority of markets to regulate economies when they fail,
...hence their calls to eliminate central banks and limit the role of government. New Keynesians argue that macroeconomic stabilization by the government (using fiscal policy) and the central bank (using monetary policy) can lead to a more efficient macroeconomic outcome...
...than a laissez faire policy would. The Conservatives in Canada are bellowing today of a CBC report that the inequality of income between the higher and lower echelons of earners in Canada has widened, and this is a condemnation of the Liberal government.
Read 4 tweets
Oct 9, 2024
After fiddling with the hinges on my front door to close the gaps before putting on weather stripping, I've come to the conclusion that Robertson head wood screws suck.
They were invented by a Canadian but the Americans would have nothing of it, preferring the star shaped Phillips head over the square receptacle of the Robertson.
The Robertson screw is one of those instances of Canadian pride, thinking that we've done something better than the Americans. The bias is so extant that I couldn't find flathead Phillips wood screws at either Rona or Home Despot here in Saskatoon — it's Robertson all the way.
Read 5 tweets

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