CoKeynesian
@CoKeynesian
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Feudalism isn't capitalism tho, and that's a core part of Marx's theory
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It's a great joke because it really nails what The Economist (and especially the 1990s Economist) is so often like.
Homer flying first class:
"Look at me Marge I'm reading the Economist! Did you know Indonesia is at a crossroads?"
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The Internet and the Soviet Union
The USSR was assigned the domain ".su", whilst East Germany had ".dd" and Yugoslavia got ".yu"
What are the craziest two people/things to coexist at the same time in history?
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It's amazing how rapidly Merkel's reputation has collapsed over the last few years.
Almost everything she did - austerity, Nordstream, cutting the Bundeswehr, closing the nuclear plants - has turned out to be disastrous.
In a January 2007 meeting with Angela Merkel, Putin brought in his Labrador in front of the German Chancellor, who has a phobia of dogs.
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There was an interesting moment in WW2 where the war in Europe had ended but the war in the Pacific was still ongoing and was expected to continue until 1946/1947.
That period had its own feel and aesthetic that was quite distinctive from the rest of the war.
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1970s new-left environmentalism and it's consequences have been disastrous for humanity.
Organic farming, New Age Woo, Degrowth, Anti-nuclear power, Anti-GMO and NIMBYsism all came out of that era and movement.
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A striking fact about WW1 is how 264 sitting MPs (around 40% of the Commons) and 323 Lords signed up and served in WW1, with 22 MPs and 24 Lords being killed in action.
It's a level of patriotism and skin in the game missing from today's politics.
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I've always wondered how people who post these sorts of maps explain Australia and New Zealand. We're commodities exporters whose trade was, for much of our history, dominated by imperial Britain. Yet we ended up in a very different place to LatAm or Africa.
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A sane British industrial policy would be to just chuck a few billion quid at Rolls Royce.
The Rolls-Royce Micro-Reactor will provide reliable, autonomous energy solutions to multiple markets. Providing zero-emission power, our advanced nuclear technologies support many global Net Zero targets, solving energy dependence across many industries.
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70% of Switzerland's prison population is foreign-born 🤯
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The UK really lives on the stuff it built in the '60s and '70s.
So much of its civic infrastructure - schools, hospitals, water reservoirs, etc - comes from that era.
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It's nice that the Baltics got a happy ending - becoming democratic and increasingly prosperous members of the EU & NATO - after all they've been through.
Many, many other countries have had far sadder fates.
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10% of the Tory vote has *died* since the last election!
Over the past four-and-a-half-years, the 14m people who voted Tory in 2019 have splintered in various directions, with just 4 in 10 now saying they'll vote for the party - less than under Truss.
Here's how they've said and currently say they'll vote, each block 100k voters.
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About 2/3 of the unit cost of the electricity generated from Hinckley point comes from the financing
In other words, if the government had just paid the money to build it up front, the electricity generated would be 2/3 cheaper
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Treasury Brain in a nutshell:
"We can't invest because the economy is too sluggish"
"But why is the economy too sluggish?"
"Because we don't invest enough"
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If the IRA had done something on the level of October 7, that almost certainly would have killed off any chance of a negotiated settlement for a long time and led to an extremely harsh British response.
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Really fascinating how Republicans have worked themselves into hysteria about Mexico thanks to some Fox News coverage and Narco-Dramas.
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The UK was in *relative* decline from 1945-1979. It started out far richer than Germany or France and ended up poorer than them both.
1979-2007 the UK outperformed its European competitors and closed much of the distance.
2007-present has been unprecedented stagnation.
Our years of decline, 1945-1979, now turn out to be our years of peak performance
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That "Indonesia's Gambit" article would contain genuinely fascinating information combined with truly galaxy-brained neoliberal takes.
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England ruined every country they came across, Spain didn’t
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There are still plenty of quaint English towns and villages with cricket pitches and restaurants serving tea and scones
Getting out of the house and going to visit them would be far healthier than constructing an entire ideology off 1950s media
The beautiful and historic city of Canterbury. With the gentle hum of post war peace, the 1950s - a time of quaint tea shops and old world charm.
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Reminder that the Tories closed *over half* of all the courts in England and Wales under their austerity drive.
Enough is enough. This is a new government feeling its feet, but there's no excuse for the inactivity. We need to consider all options: (1/3)
1. All police leave cancelled
2. Mobilisation of special constables
3. Mutual aid for all relevant forces
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It kinda was paradise 20 years ago tho. Western Europe before the GFC was a far happier place than today.
Zoomers won’t remember this but every lib was convinced Europe was basically paradise just 20 years ago
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Basically everything wrong with Britain comes back to this graph:
The prices are not the issue.
Wages being flat since 2008 is the issue.
Make the UK so rich that the £7 pint feels cheap.
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My modest proposal for reforming local government in England:
Abolish the mayoralties and half-baked devolution "deals" and replace them with a uniform system of Regions, each having its own Regional Assembly and Government with powers similar to French Regions.
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It's really wild how the UK is the world's second-largest exporter of services (bigger than Germany or China!), yet services are mostly ignored in discussions about the British economy.
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There are lily white parts of England where only Tories have been elected for several hundred years.
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When peacetime National Service existed in Britain, it was part of a social contract that offered cradle-to-grave social welfare, free education, free healthcare, abundant housing, and full employment in return for military service.
None of these things are true today.
"You could say to young people: 'Right we'll knock a bit off your student loan debt if you come and take part.'"
Sir David Lidington expresses the need for both 'a stick' and 'a carrot' to draw young people into conscription, and makes some suggestions himself.
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Starmer’s closing line is “That Britain belongs to you”. Sorry to say it, but there are some horrible fascist overtones to that.
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British PM Jim Callaghan was apparently unaware of the existence of homosexuality until he was middle-aged.
He later remarked that he "never came across anything like that" when he served in the Royal Navy.
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Around 70% of the English local government budget is spent on (legally mandated) "adult social care" and "children's services", which are used by only around 4% of the population.
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There's an interesting book to be written on why postwar planning was so successful in France and why it was such a disaster in Britain.
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Me normally Vs me when I see someone defend Houthi piracy.
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An underrated difference between now and the 1997 election is that in '97, the Tories at least had a proud list of accomplishments for which they could claim credit.
This is from the '97 Tory Manifesto, and it's a different galaxy from today.
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Wikipedia never ceases to impress me - user "MrPenguin21" has made a map of the *1910* South African general election!
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Britain has an unusually high amount of scientific and technological ability combined with an unusually low level of political foresight and competence.
British history is crammed with examples of the former being sabotaged by a lack of the latter.
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Hot take: the City of London works so well because of its oligarchic system of government, wherein corporations get to vote as well as humans, which completely kneecaps NIMBYism and localism.
(IIRC, there are twice as many corporate voters as human ones)
I honestly love how the city of London builds skyscrapers
Something about the mix of the new tall, shorter old buildings and tight streets is just doing it for me
I absolutely love it
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One thing that low key annoys me about the UK government is how certain departments are called the "Department *FOR* x" instead of "Department *OF* x"
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Operation Downfall, the invasion of Japan, was expected to be a bloodbath of biblical proportions.
There are countless accounts of US servicemen who were convinced they were going to die in Kyushu.
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TIL Oxbridge successfully blocked an attempt to establish new universities in Northampton and Stamford during the medieval period
Makes one wonder what Britain's economic geography might have looked like if they'd been built
I'll remember when you opposed and successfully blocked the establishment of North English universities. An early act of political interference and intellectual protectionism which you continue to this day. 😘
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British Commonwealth forces were dwarfed by the Americans, but they constituted the majority in the South East Asia Command (led by Louis Mountbatten).
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This is true, but it's worth noting that anyone who engages in youth party politics without irony is either a careerist douchebag or a crank.
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This is a *bad* thing?
I wish more Americans knew what it was like to live in a social-democratic European country.
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The British Pacific Fleet was tiny compared to the Americans, but it was worth its weight in gold to the British as it gave them a degree of autonomy in the Pacific.
It would have been critical in Operation Zipper, the planned reconquest of Malaya and Singapore.
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In 1950, the United Kingdom exported more motor vehicles than the rest of the world combined
In 1955, the United Kingdom was the world's second-largest car manufacturer. At the time, five companies were responsible for 90% of the industry's output, with four of these firms being British.
By the mid-1970s, the UK automotive industry had entered a period of decline,
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Both the Financial Times and The Economist endorse Labour, and their readership bases now skew overwhelmingly towards Labour and have done so for quite some time.
It's worth pausing to note how... different this is from the historical norm.
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My broader point here is that deeper political economy issues (corruption, inequality, rule of law, etc), themselves usually a consequence of colonial legacies, are to blame, rather than simplistic arguments around imperialism or core-periphery relations.
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It was absolutely incredible that H.W Bush - an ex-WW2 US Navy pilot who escaped Japanese cannibals after being shot down - was labelled a "wimp" in comparison to Reagan, who, due to his poor eyesight, spent the war starring in propaganda films and never fired a shot in anger.
George H.W. Bush seems like a creature of a parliamentary system; he didn't move up in elected offices but in the party.
He spent 2 terms in the House and lost 2 Senate races; he was RNC Chair, UN and PRC Ambassador, and CIA Director before becoming Reagan's VP and then POTUS.
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RTVRN!
Charlie Bentley-Astor graduated from university last year, making her early memories of England with a bobby on the beat and safe, happy children, the times she wants Reform to bring back, Tony Blair's England.
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New Zealand in the 1950s was one of the richest, most egalitarian and democratic societies in the world.
Yet, 91% of its exports were pastoral products, and 2/3 of its exports went to the UK.
Australia might be the most economically backward Western country. Has the export profile of an African country
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Saudi Arabia is really gonna blow its increasingly finite oil wealth on giant white elephants like this. Just incredible.
Latest construction photos of the Line / Neom
Those are going to need to be some hefty foundations if this ends up being 500m tall!!!
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A driving factor of the creation of the British welfare state was the genuine shock of the British ruling elite that so many Britons were barred from enlisting in the army during the Boer War due to malnourishment and poor health.
Almost no obesity in the 1930s, and instead over 10% of draft-eligible men screened in 1940 were malnourished.
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It's often forgotten, but WW1 killed considerably more people in the UK, Canada, Australia and New Zealand than WW2 did (and did so out of populations that were smaller in 1914 than in 1939).
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I genuinely think that a Communist Britain would valorise Oliver Cromwell as a national hero due to his republican, puritan and revolutionary ideals as well as his Caesar like authoritarianism.
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Forgemasters is a really successful example of nationalization, having been taken over by the MoD in 2021 to preserve the UK's defence industrial base.
Sheffield Forgemasters
@ForgemastersHQ
planing to build 30,000 m2 facility to support
#AUKUS
submarine component production.
If approved, it will be one of the world’s most advanced large machining facilities and be operational by the end of 2028.
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Italian women were insanely right-wing in postwar Italy.
The parties of the right, namely the Christian Democrats, had a *33*-point lead among women voters in 1953.
Women's suffrage effectively locked the Italian left out of power for a generation.
'Italian woman … even your femininity depends on your vote' — Italian poster from the 1953 general election comparing a female communist voter unfavourably with a conservative Christian Democracy voter.
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I feel a key reason for the pro-Palestine movement's ineffectiveness is that it contains some of the most obnoxious people in politics
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Labour embracing YIMBYism is one of the best things to happen in British politics for decades.
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The Attlee government considered renaming Northern Ireland to Ulster, thus changing the UK's name to "The United Kingdom of Great Britain and Ulster".
It wouldn't have changed much, but it was a catchier name IMO.
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"it's a dense network" makes me wonder how it would compare if Beeching hadn't had his way
The UK rail network isn't as bad as we make out. It's a dense network, accounts for 20% of all rail journeys in Europe, punctuality is roughly the same as other western European networks, and safety is well above average. It's on-the-day ticket prices that let it down.
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In the 1987 UK general election (i.e under peak Thatcherism), the Tories were the dominant force in Greater London, winning 58 out of the available 84 seats, a considerable overperformance vis a ve their national average.
Is there reaaaally no way for a centre right party to appeal to rich people who live in cities?
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In the 1951 UK Budget, defence expenditure was by far the largest item, comprising 20% of all spending and equivalent to around 8% of the UK's GDP.
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France has essentially the same labour productivity as the US; it just works fewer hours and has a weaker currency.
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Most mining jobs in the UK were lost in the 1960s, but that was far less politically controversial as there was full employment at the time and miners could switch to new jobs relatively easily.
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Remembering that time New Zealand had a fucking referendum on smacking children
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*literally every economist*
"The UK needs to build more houses and infrastructure and invest more"
*The Conservative Party*
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The fact that even Peter Mandelson is complaining about Labour being too conservative is very telling
The fundamental problem with Starmerism is that the problems are huge but the solutions proposed are too small and mixed with myopic Treasury-brained cuts
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It's really wild how massively powerful local government in England was before WW2.
This is what the London County Council did in 1939.
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I'd love watch Americans react to a trial in continental Europe. The inqusitorial system would make their head explode.
she was convicted 10-1 in a murder trial??? what do you mean the uk has non-unanimous murder convictions?? and the defense can’t communicate w the press? god
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There were already plenty of people in British politics who wanted to "take the gloves off" and massively increase the level of violence against the IRA.
An Oct 7th-style attack would swing things in their direction.
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Worth noting that Sheffield Forgemasters is state-owned, having been nationalised in 2021 by the Ministry of Defence to help preserve the UK's defence industrial base.
A British firm has developed a new welding technique which they claim will reduce the "process time" from 150 days to only to just 2 hours. The welds will also be higher-quality. (Article link in reply.)
They say that the new welding technique was developed specifically for
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All this Obama revisionism tends to neglect that he lost control of the House in 2010 and never regained it, which led to his administration being roadblocked on almost everything it tried to do.
obama has an incredible, generational talent & charisma and he fumbled it so hard that despite holding the presidency and then shadowy ward boss status over the national democratic machine it’s hard to pinpoint exactly what his material legacy is
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In postwar New Zealand, 90% of our exports were pastoral products, and 66% of our exports went to the UK.
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An interesting but forgotten part of the Troubles was how Canada became a large source of arms and money for Ulster loyalist paramilitaries.
Sociologist Steven Bruce described it as "Ontario is to Ulster Protestants what Boston is to Irish Catholics".
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@EverydayWarren
@arnoblalam
There's a great quote from
@b_judah
's book Fragile Empire where a Chinese official states, "Russia is in love with Europe... but can only express that love violently"
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Trying to meet Reeve's wholly imaginary "fiscal rules" by cutting capital expenditure and other austerity brained methods will only undermine the future growth Labour hopes will be its salvation
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@Alexand31258925
Its been darkly amusing watching anti-vax sentiment go from a left-wing to a far-right-wing thing as the covid culture war cranked up.
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@StatisticUrban
The Economist once described American manufacturing workers as "often an alienated urban black or a blue-collar ethnic who barely talks English".
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@StatisticUrban
No idea, but presumably a verrry high number. Almost every British male of a certain age served in WW1.
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It's truly wild how little Economic History research has been absorbed by non-economic historians.
The causes of the Great Depression are a classic example of this, and it turns up in all sorts of other places too (e.g Edward Baptist on Slavery).
It's a crime we let historians teach the Great Depression.
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@StatisticUrban
Education polarisation is helluva drug
"Disabled or on disability" is the second most Republican leaning occupation here after homemakers
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This is objectively false.
The UK had a higher workforce % in manufacturing than any other country in the world until the 1950s. It had shifted to protectionism in the 1930s ("imperial preference"), and British industry was just as productive as Germany's until the 1950s too.
A number of writers from the Economist and the Financial Times have been bashing Biden's trade and industrial policy.
But they offer no viable alternatives for national security.
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Duncan Sandys was, in hindsight, one of the most damaging Ministers in British history.
He was responsible for the Green Belt that strangled British cities, and his 1957 Defence White Paper helped to ruin the British aerospace industry.
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Really highlights how insanely low density Sydney is.
That city should be crammed with skyscrapers and apartments, but instead, it remains stuck in postwar suburbia to please boomer homeowners.
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It's funny how "UK brings almost nothing to the table" or "UK is the third wheel" takes used to commonplace in the media when AUKUS was announced, but have been quietly dropped since it was revealed that Britain would design the new "AUKUS-class" subs for Australia.
I would guess that the Biden Administration may be regretting including the UK in
#AUKUS
.
🇬🇧 brings almost nothing to the table in this deal, and at the same time UK gov seems to be deliberately trying to exasperate the diplomatic fallout.
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Rolls-Royce, BAE Systems, AstraZeneca, Arm Holdings, GlaxoSmithKline...
@t0nyyates
An example here is how British writers have gone all-in on bashing America's industrial policy, when the UK itself has little industry to speak of. Are we really going to take advice on industrial policy from a country that turned itself into a large-ish Goldman Sachs?
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An interesting subplot to North Korea kidnapping Japanese citizens from coastal areas in Japan is how a lot of Japanese journalists worked to debunk this story as a conspiracy theory, only to have the rug pulled from under them when NK admitted it was real.
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The Social Democrats actually tried to make the Weimer Republic a workable liberal democracy, something the KPD truculently refused to help with.
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People always try and come up with these grandiose civilizational explanations of the British economy when the true answer is always more prosaic: the UK is suffering from a toxic trinity of NIMBYism, Austerity, and Brexit.
Perhaps the decline of the United Kingdom all began with their attempt to rid themselves of an aristocracy
And perhaps their GDP would have grown over the past 15 years if they had stuck to a monarchy
Perhaps perhaps
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There were only a few hundred thousand White Rhodesians, a mere 5% of the population, and most had British passports.
There are millions of Israeli Jews, most of whom have no other nationality. They are armed to the teeth and have nukes.
Israelis are not going anywhere.
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This could be really fun to think out - Australia alone would get several seats!
Lib Dem manifesto: "Enabling all UK citizens living abroad to vote for MPs in separate overseas constituencies". How many constituencies would that be? Around 10% of citizens live abroad.
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Reading about how Britain in the late 1940s and early 1950s "could have had the leadership of Europe on any terms which she cared to name" is but rejected it is maddening
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One of the many distortions created by postwar British planning law was to force the British motor industry away from building new factories in its traditional hub of Birmingham to scattered locations of areas of high unemployment.
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Conversely, around 10% of the projected Labour vote at the next election wasn't old enough to vote in 2019.
Demographic churn alone is providing a considerable shift towards Labour.
Conversely, here's how Labour's coalition has evolved over the last few years. Gains from the Tories are the biggest group (and count double!), but sizeable chunks of ex-LD, ex-SNP and first time voters are also key, with them also winning over many who didn't vote last time.
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Argentina's problems are 80% self-inflicted, lol. It's a country that has spent over a century engaged in endless foot shooting — a literal textbook example of how not to run an economy.
Famously, many cab drivers in Buenos Aires hold a degree from UBA, a university much more demanding than any American university, because *your countries* continue to keep us in poverty and forcing brilliant minds into odd jobs to stay afloat.
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