BC ECONOMY
Saved by @CodyyyGardner

@HoodieMorr @shoe0nhead Oh my goodness. Economic interests -absolutely- tie into this. You need to think about 1) that there are different factions involved & 2) people see economic interest more broadly than just govt spending. On the first point, evangelicals have been part of the Republican base B1/X

 @Lol_0fficial @HoodieMorr @shoe0nhead since the party became identical with movement conservatism, but movement conservatism only became significant as an ideology because of coalition building. Movement conservatism brought together the hawks, laissez faire economics, and cultural conservatives. B2/X
@Lol_0fficial @HoodieMorr @shoe0nhead Evangelicals have always been the best organized element of the cultural conservative faction. Trump's coalition is a new one and it includes cultural conservatives, but that is the only element that is unchanged - and really even it is somewhat different.
B3/X
@Lol_0fficial @HoodieMorr @shoe0nhead A minor difference is accepting Obergefell (which has made it possible for openly gay people to be highly visible members of the new coalition), but the main difference is that social conservatives no longer make a priority of the politician as an individual
B4/X
@Lol_0fficial @HoodieMorr @shoe0nhead as opposed to focusing on politicians merely as conduits through which government is affected. The foreign policy contingent changed completely. The hawks are just gone from Trump's coalition. Instead there's a deep skepticism of interventionism, but without the desire B5/x
@Lol_0fficial @HoodieMorr @shoe0nhead to cut defense spending that usually goes with that skepticism because o a belief in military strengths' deterrent effect. Finally, the 3rd faction of the Trump coalition isn't the doctrinaire small govt free marketeers from movement conservatism. It's a different group
B6/x
@Lol_0fficial @HoodieMorr @shoe0nhead which doesn't see the success of the economy in terms of GDP growth but in terms of employment. Govt intervention in the economy isn't seen as a bad thing and neither is higher spending/deficits. .That's an explicit rejection of the 2012 GOP's endorsement of the Ryan budget B7/X
@Lol_0fficial @HoodieMorr @shoe0nhead and cutting Medicare & Soc. Security. It's also why many in the Trump camp wanted $2k COVID checks when establishment Republicans opposed it. The fullest realization of the values of the econ segment of the Trump coalition would be for America to adopt an industrial policy.
B8/X
@Lol_0fficial @HoodieMorr @shoe0nhead That is a profound departure from the economic views advocated by the modern Republican party and it accounts for people with below avg income/wealth who see Trump as forwarding their economic interests. This relates in an indirect way to Democrats' B9/x
@Lol_0fficial @HoodieMorr @shoe0nhead embrace of (what I think you mean by) "PC stuff" and rural white voters in terms of demographics. Large cities are growing; they attract people with college degrees and are racially diverse. This is the same population that endorses intersectionality (ie, PC culture). B10/X
@Lol_0fficial @HoodieMorr @shoe0nhead There are some rare exceptions, but on the whole, these people in the large cities aren't concerned about their communities withering away, but those Trump people are worried about that. The city cohort expect the local economies to maintain an upward trajectory B11/x
@Lol_0fficial @HoodieMorr @shoe0nhead and for those who don't share in the benefits from that they have a cultural perspective which believes that the problem can be solved via finanvial aid & expansion of entitlements. The rural cohort sees maintaining the status quo for their local economies as intolerable.
B12/X
@Lol_0fficial @HoodieMorr @shoe0nhead Lower prices for consumers when production goes overseas is a huge issue for them in a way that isn't the case for the city cohort. Plus, the support for Trump doesn't just trend rural and white, but male. Not only is this the group most hostile to intersectionality B13/x
@Lol_0fficial @HoodieMorr @shoe0nhead but another cultural difference is that this is a group which will reject the liberal perspective on how to solve the problem of people left behind when others reap the rewards of economic growth. Whether it's reasonable or not, they would see adopting that approach B14/X
@Lol_0fficial @HoodieMorr @shoe0nhead as compelling them to abandon a sense of self worth. They don't have such a sense of loss from an economic approach which produces jobs by granting various benefits to corporations and manipulating trade in ways that increase consumer prices.
B15/15
@Lol_0fficial @HoodieMorr @shoe0nhead PS: Support of $2k aid seems incompat w/ what I said about culture & taking money from govt, but this demo sees COVID policies throttling economy as unnecessarily aggressive & akin to being robbed of income they'd otherwise earn (also explains hostility to public health orders).
@Lol_0fficial @HoodieMorr @shoe0nhead @threadreaderapp unroll

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Yaneer Bar-Yam
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The International Monetary Fund (IMF) is analyzing damage due to COVID and projecting further severe consequences if current policies persist. They state “despite involving short term economic costs, lockdowns may lead to faster economic recovery by containing the virus”

1/


Note: This report doesn’t do a dynamic analysis that makes things much clearer, but it does a thoughtful statistical analysis based upon increasingly available data.

https://t.co/5Xmt8y7lCL

A few more quotes:

2/


“The analysis also finds that lockdowns are powerful instruments to reduce infections, especially when they are introduced early in a country’s epidemic and when they are sufficiently stringent.”

3/


“lockdowns become progressively more effective in reducing COVID-19 cases when they become sufficiently stringent. Mild lockdowns appear instead ineffective at curbing infections.”

4/

“The results suggest that to achieve a given reduction in infections, policymakers may want to opt for stringent lockdowns over a shorter period rather than prolonged mild lockdowns...

5/
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tadzio_mueller
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Until 2050 we'll likely see "a #supercycle in investments in 'clean' energy infrastructure, 'clean' transportation & everything that's required for the '#green' transition."

There's so much bullshit in here, I'll unpack some of it in a

2/x

1st (cf. @MGSchmelzer): there is no reason to assume that a massive productivity- & hence production-boom will lead to reduced emissions, because it will increase production&growth, & it is those two variables that global greenhouse emissions track most closely. #Degrowth.

3/x

Every time capitalism has made massive productivity gains (e.g. w/ the #steamengine; the taylorist #assemblyline; computers), that has led to a *radicalisation* of capitalism as a mass production system (as opposed to earlier versions, where luxury goods were for elites),...

4/x

So there's no reason believe that a new round of capitalist accumulation (#accumulationbydispossession / #primitiveaccumulation) - in this case: some kind of "#greencapitalism - will in any way positively impact emissions rates, but every reason to believe the opposite...

5/x

I would like to look into this, as it speaks to an often-overlooked issue: the relationship between different phases of capitalist development, such as imperialism, fordism, & post-fordism, connected to energy regimes (coal-based, oil-based, renewables-based capitalism)?
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Cory Doctorow #BLM
Cory Doctorow #BLM
@doctorow
The US election news has largely overshadowed a seismic moment in global finance: Ant, a fintech company that spun out of Alibaba/Alipay, was scheduled to have the world's largest IPO, topping even Aramco, the Saudi sovereign wealth fund.

Then Chinese regulators canceled it.

1/


As @yvessmith writes in her excellent @nakedcapitalism breakdown, the consensus narrative on this is capricious Chinese regulators changed their minds and jerked the rug out from under Ali's billionaire owner Jack Ma.

The reality is a lot

To understand it, you need to understand the difference between the Chinese and American "money story." In the US, there is widespread, unquestioning faith in the fairytale that money predates the state and is separate from it.

3/

In this story, people come together to trade but are plagued by disparate goods: if I want to pay for your chickens with a cow, how do you make change? They spontaneously decide that something (gold?) is money and price their cows and chicks in it.

4/

Then, governments come along tax our gold away, and then to add insult to injury, governments abandon gold and insist that paper is as good as gold, print too much of it and crash the economy!

This probably sounds familiar to you, but it's just not true.

5/
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Stephen Fasenfeld \U0001f600
Stephen Fasenfeld 😀...
@fasenfeld
1. “Who Are Ireland’s Members Of The World Economic Forum Implementing The Great Reset In 2021 ? 🧵1/28

🕵️🔎 Politicians, Musicians, Clergy, Bankers, Journalists, Human Rights, Artificial Intelligence, Sustainability, Corporations & Agriculture


2. In previous threads I have looked at 🇮🇪 key players in the Trilateral Commission as well as 🇮🇪 people who have attended the Bilderberger meetings. I also looked at the 🇮🇪 in the Young Global Leaders which is a site run by the WEF. You will see a lot of crossover between them.

3. The purpose of this thread is to compile all the Irish members into one thread for ease of access and reading rather than having to dive through the WEF site. This is by no means definitive and I will be adding more over time when they pop out of the woodwork.

4. Ireland’s WEF members are drawn from all walks of life but can be split into 2 separate areas. The WEF calls the first category “people” and the 2nd one “agenda contributors”. In total Ireland has a minimum of 61 members. Some of the names will be familiar and others will not

5. In this thread I’m just going to concentrate on the 21 people (there are probably a lot more). There are also 40 “agenda contributors” which I will cover in a separate thread. The agenda contributors are those who write articles or do research for the WEF site.
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Brian Wesbury
Brian Wesbury
@wesbury
Inflation Is Coming!

Some say: Inflation didn’t rise after 2008-2015 Fed QE, so it won’t rise this time. Here are the problems with that argument.

1) From 2008-2015 regulators hammered the banks, so while the Fed’s balance sheet expanded, M2 did not accelerate.

2) In 2020, we used the banks to push out money, the opposite of the first round of QE. PPP loans were financed through banks and unemployment checks were direct-deposited.
3) The M2 measure of money is up more than 25% in the past 12 months.

4) That alone, 25%+ M2 growth, is enough, but we are compounding the problems.
5) Regulating fossil fuel production drives energy prices up.
6) Ag, industrial & transportation are energy intensive, and many claim they are bad for the environment. Result: higher prices.

7) Federal government borrowing and deficit spending encourages more Fed money printing, and artificially lifts demand.
8) Higher tax rates, rising minimum wage, and big government crowd out the private sector; reducing supply.
9) Demand up; Supply down! Inflation is coming.
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Knowing whether old ideas are more likely to be good requires understanding whether conditions have changed in important ways.

Horse archery was an amazing method of warfare for over a thousand years...then people invented guns, and suddenly this great idea that had stood the test of time became obsolete.

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"I lied about my basic beliefs in order to keep a prestigious job. Now that it will be zero-cost to me, I have a few things to say."


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Harvard's discriminatory policies are becoming increasingly well known, across the political spectrum (see, e.g., the recent lawsuit on discrimination against East Asian applications.)

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Harvard is being eclipsed by institutions that have different ideas about how to run a 21st Century institution. Stanford, for one; the UC system; the "public Ivys".
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*Heads-up that this thread will feature some extreme examples of homophobia and transphobia.*

Hey folks, have you ever wondered why trans people face constant accusations of fetishism, sexual predation and child abuse/grooming? Well, today let's talk about stochastic terrorism.

So, first we have to talk about what stochastic terrorism actually is. Remember when there was a conspiracy that there was a pedophile ring operating out of a pizza parlour basement, and a crazed gunman showed up? It's that sort of incitement that stochastic terrorism describes.

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1/ new essay: What's next for marketplace startups? Reinventing the $10 trillion service economy, that's what. Co-authored with @ljin18 https://t.co/fgKbrHTnH5. A short thread 👇

2/ Marketplace startups have done incredibly well over the first few decades of the internet, reinventing the way we shop for goods, but have been less successful services. It's bc services are complex, subjective, fragmented, and often in real life. Makes it hard

3/ There's been 4 major eras at making the service economy work online. The Listings Era, the unbundled Craiglist era, the Uber for X era, and the Managed Marketplace era


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