Paul Scholes
@misterp55
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💚🌱 #TreeHugger . #Agrowth after #Degrowth with #DoughnutEconomics & #MMT for 21st century economies providing health over wealth beyond politics.
Devon UK
Joined March 2009
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Dear
@RachelReevesMP
just heard you say that there’s not much money left for spending - please ask the Treasury for the password to the computer it uses to create hundreds of millions of £s, every day.
It’s horrible to think of you stressing unnecessarily on your first day in
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@implausibleblog
Hold on, this is a bit unfair, Claire Coutinho is Secretary of State for Energy Security and Net Zero, she can't be expected to know about tax, so really she should only be relied upon to talk nonsense about energy & Net Zero
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@DMented_Avenger
@RachelReevesMP
Ahhh the mythical “coffers” the BBC journos often mention but have never seen.
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@ClaireCoutinho
So you’re worried about Chinese imports? Have you been shopping recently? Wake up.
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@chrisshipitv
I’ll let you know when my Mum gets vaccinated, she’s 11 months younger than Liz so that’s probably why she’s heard nothing and has been told not to phone her doctor.
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@pigreen1
@RachelReevesMP
Indeed but the prime reason to do that is to curtail the power, influence and polluting activities of the richest, it’s not needed by Rachel to spend.
Every day the gov’t starts with £0 in its bank account and then spends new £s on what it needs, eg it’ll send on average about
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@ClimateHuman
It's gratifying how many of your fellow academics have come out in support and how much of the mainstream media has dismissed the film.
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@GeorgeMonbiot
The
#BBC
’s home page had 55 items this morning, only 1 of which related to Climate (the music events impact piece) and so it missed 4-5 other news items on here. But it also had a link to the 15 best beef recipes! I have yet to find any item where the
#BBC
uses
#Emergency
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@BBCWorld
@GretaThunberg
After 20+ years of my life shouting into the smog, it’s such a relief to see the message getting through and put so forcefully by this amazing young woman, she’s even got the trolls worked up and giving her more air - full speech
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@tony49
@RachelReevesMP
Hi Tony - but it’s not debt as you or I would know it, the figure you quote is no more than a record of all the new £s that the government has spent into the economy since records began, less what it has taxed back, it’s effectively all the money sitting in our bank and savings
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On
#PM
@BBCRadio4
talking about the storms being the new normal and adapting to them. This is just the start, it’s not normal, you clearly have no idea, try adapting to death. No mention of dumping fossil fuels?
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@CarolMa81009918
@ElectionGM
Have a look at their policies and key values, determined by members, not political dogma. It’s a 21st century party including their economic policies that revolve around human & environmental wellbeing, rather than GDP growth. Also follow
@CarolineLucas
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Earlier
@amolrajan
on
@BBCr4today
reeled off 5 chronic challenges facing the UK without mentioning the
#ClimateCrisis
. He then discussed economic growth with three 20th century economists who, of course, promoted our continued addiction to it, oblivious to the fact that it.. 1/
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@paulmasonnews
You honestly think we’ve now got a “left” government?
I vote Green to keep left of you lot, and why your preoccupation with them if they are so insignificant?
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@angelaford99
@RachelReevesMP
Technically Angela, that didn’t come from your tax, the government creates afresh every £ it spends (that’s where we get the money to pay our tax), but your point is valid, the gov’t could have spent that money on something more worthwhile, and less corrupt.
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@BBCNewsnight
@MrNishKumar
“Has Trump’s Twitter account become sentient?” If so that would put it above it’s owner.
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@JKSteinberger
For anyone who thought economics was unfathomable and grey, try The Deficit Myth by
@StephanieKelton
, I ran out of wtfs, this is the stuff most politicians don’t tell you or don’t know themselves
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@KevinClimate
Here’s a snapshot of eu airspace day 1 of the heatwave. Seeing air travel as essential epitomises the delusion of continued business and economic growth as usual.
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@implausibleblog
Something similar has happened with Ltd company owner/directors for decades. You can pay yourself a salary to the top of the lower earning limit (~£9K in my day) meaning you avoid any NI but you get full pension credits, and top up your pay with dividends on your share(s).
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*I was told by a BBC spokesperson that “finding and discussing environmental solutions is not part of its remit”* WTF ever happened to inform & educate?
The so-called Wild Isles ‘6th episode’ is about to drop on BBC iPlayer- as soon as the 5th finishes this evening. Hats off to Sir David for telling it exactly as it is.
Saving Our Wild Isles is David Attenborough’s most political show yet - New Statesman
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@Josh79227449
The evidence for me, that something is not right in the BBC, is that these days I usually pick up on stuff from elsewhere and am left waiting for it to appear on BBC News, the feeling is that it has to go through levels of filters and then is held back to see how others report it
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@ClimateHuman
@StephanieKelton
.
@BBCNews
has suddenly woken up but only because an event will hit the UK, the hundreds of thousands suffering worse elsewhere over the past few years have rarely been mentioned. They still allowed a Tory MP on
@BBCPM
@BBCRadio4
to say it’s all a fuss about nothing.
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@amanpour
@WanderingGaia
@MyStephanomics
Standing back, the biggest predictor of poverty and extreme wealth is an economic framework that depends upon endless economic growth, teamed with the myth that such growth will float all boats, regardless of those who don’t own one
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One positive tipping point at last
@KevinClimate
talking on
@BBCr4today
with
@MishalHusain
- a fanciful net-zero target 28 years away is irrelevant if we exhaust our carbon budget in 5
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.
@jasonhickel
’s book opened so many doors in my thinking but also raised so many questions beginning “yes but how..”. This conversation removes the doors and answers the questions - it is so good
Honestly this podcast is mindblowing in its range & clarity. This story is exactly the one that needs telling. Basically 1 hour of clear-eyed liberation of the mind. Listen to it. Get your friends & families & students to listen to it. A landscape of ideas to transform our world.
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@implausibleblog
As has been asked since Limits to Growth was published over 50 years ago, “Growth in what and why and for whom?”.
Should we celebrate GDP growth in spending on a new cancer drug or on cleaning up after an oil spill? An Oxfam report shows that 2/3rds of the growth in wealth since
We have economies that need to grow, whether or not they make us thrive. Now we need economies that enable us to thrive, whether or not they grow. Here's what I just wrote about it in
@guardian
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@DaleVince
@LabourWaveneyV
When will the penny drop Vince that a chunk of people are voting Labour as the least worst option.
Voting for
@TheGreenParty
is a positive choice and, as far as Green is concerned, the clue is in the name, they invented it and it’s taken the others decades trying to catch up.
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@NiranjanAjit
@GretaThunberg
Thanks so much for this Ajit, it evidences that the published reports should be titled Summary from Policymakers. The media & politicians show no interest in what the original undoctored versions look like.
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@RichardJMurphy
The NHS has been (mostly) a public service for 76 years, why on Earth do they need external consultants to tell them what's wrong, does the NHS really not know?
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@StefanAykut
Similarly, this piece. Both the movie and your excellent thread make sense to those in the know, but we have to start widening that group and so perhaps the movie will be a catalyst?
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@implausibleblog
@DavidMcNab17
It seems that multimillionaire
@MelJStride
is leading the policy of sticking as many knives into society before he and his colleagues are forced out of office, and hopefully, Parliament.
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@UKLabour
How can a gov’t that issues its own currency ever not be able to find more? That’s like saying Tescos can run out of loyalty points.
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Dear
@KirstyWark
- the government can never run out of money and, in fact, does not, and cannot, use tax to fund its spending, tax is needed for other purposes. Have a chat with Andy.
This is mainstream economics - something politicians of all stripes have studied. In a post-gold-standard world, currencies are not tied to the value of a precious metal but are issued by 'fiat'. In other words, the government just orders cash into existence.
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@BBCNewsnight
You cropped the most telling bit, are you doing enough? You put out this soundbite and assume that’s enough, journalists and editors need a climate & nature emergency briefing. Millions are suffering/dying today, the fact they are foreign shouldn’t matter.
‘As journalists, are you doing enough?’ Phoebe from Just Stop Oil telling it how it is on Newsnight
#ClimateCrisis
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@paulmasonnews
Why do the BBC wheel on Paul Johnson at every opportunity, what’s wrong with their own economics editors?
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@StGeorgesTrust1
@JKSteinberger
@Hs2Our
There is so much science against this plus public support is weak, even the chief engineer who developed it in the US has been campaigning against it. The
#BBC
and others need to grasp this and not practice blind impartiality.
@bbc5live
@NickyAACampbell
Here’s the paper that unearthed the methane problem 11 years ago, why is it even being discussed? Also has anyone asked the water companies if they can supply the millions of litres of water, or will fracking be exempt from hosepipe bans?
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Dear
@BBCkatyaadler
- you just asked a politician “where will the money come from?” Most people believe it comes from tax or borrowing, it doesn’t and, in fact, it’s technically impossible for it to do so. The answer is on your own website:
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@whippletom
@James_BG
Firstly, it is simply loopy to expect the private sector to run water (or any other essential service) with public benefit as their prime purpose and, secondly, might it be time to regard greenhouse gasses as pollutants?
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@10DowningStreet
@Ed_Miliband
@energygovuk
“Net Zero” was specifically designed to placate rich & petro states, it would be more accurate to use “Not zero”
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Economics is boring and not for the likes of you & me, the taxpayers, right? Think again, have a glimpse in to the basics, the stuff *they* don't tell us about, either because it's too scary or, more likely, they don't actually know it themselves.
Find this passage in the new introduction to the paperback edition of The Deficit Myth. Coming soon.
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This message is so long overdue, let’s see if
@BBCNews
is prepared to drop its fear of scaring the horses by reporting it. It got human made climate change over 3 years ago, time to catch up with 21st Century economics.
"The GDP figures we’re using to measure economic success also measure the rate at which we're barrelling towards climate catastrophe"
I set out the case for moving to a
#WellbeingEconomy
in first-ever Commons debate on the issue
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@SophyRidgeSky
And who will be brave enough to acknowledge that government spending is not funded by tax or borrowing (why would you borrow a currency you create afresh every day?).
Margaret Thatcher promoted “taxpayers’ money” for a reason. she wanted you to believe that we are on the hook
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@davidcundell
@RachelReevesMP
Hi David - with respect, whilst your differentiation of £s & Money may be of interest to a table of bankers, the most important aspect of our monetary system that I believe should be understood by the public, is that the government’s finances are nothing like a household’s.
For
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It's a puzzle, we're short of money and need to cut public spending, but suddenly there's £3bn pa for Ukraine?
How many people wonder about that puzzle for a few seconds but then think "what do I know about economics, they must know what they are talking about"
Think again, you
Here's the story in headlines.The BBC reports that Reeves says there's not a huge amount of money. The Independent writes that Labour is set to announce big cuts to public spending. But hey presto in the Guardian Starmer says there's £3bn a year for Ukraine for as long .../
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@GeorgeMonbiot
Blimey
@BBCNews
just mentioned actions at oil depots, bit like Russian media mentioning war
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@DaleVince
@Ed_Miliband
Certainly good that Labour have followed Just Stop Oil’s demands, but permission for Rosebank, the largest oil/gas reserve in the N Sea, should have been reversed.
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@thismorning
I’ve been Vegan nearly 10 years and am only just recovering from the hate of 2019’s Veganuary, here we go again. Joey Armstrong needs to realise that the basis of Veganism is kindness and compassion for all life, including humans, this message works, his doesn’t.
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@SuePriestUK
@kevpluck
Yep - The Artic is heating several times quicker than other parts which slows up the climate flows (tropics to poles) resulting in these heat domes and other weather extremes.
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@GeorgeMonbiot
I always have a polite word pointing out the fixed penalty - but will keep my dog’s full poo bag in reserve for their windscreen
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@DoctorChrisVT
A Radio 4 presenter paid >£250k pa recently interviewed a nurse on £24k pa. If a worker’s pay is already way below their value to society, debating a 5, 10 or even 100% increase, is missing the point.
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@profstonge
Where in the film, or in MMT literature, does it say “the gov’t should spend as much as is humanly possible, no matter what on”?
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@TheHarryHaz
@DavidMcNab17
So sorry Harry. Just keep taking the next breath, I found the grief never shrinks but my world gradually expanded to make it more bearable ❤️
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@bbcnickrobinson
Not to mention (as prescribed by the
#BBC
) the off the scale sea and surface temperatures and lack of Antarctic sea ice currently leaving scientists open mouthed. I dare you ignore your trivia and
#lookup
@BBCJustinR
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@DrHenryMarsh
Globally -
This heatwave in NYC is just bonkers. People are walking down the street in shorts and t-shirts, and I just killed a mosquito in my son's bedroom. It's almost Halloween.
If this is Fall at 1.2C of warming, I cannot imagine what 3C will be like.
Let's stop using fossil fuel, K?
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@WorldByWolf
@implausibleblog
Run that again using consumption based emissions, UK’s per capita contribution then = 7T the same as China’s. We switched from coal to gas because of clean air acts, costs and Thatcher’s war on the unions, not to save the planet. We are the 8th largest polluter over 170 years
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@MelJStride
@Conservatives
Taking leaf out of Anne Marie Morris’ MO - only visit when the <65s are at work/college.
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@MrMatthewTodd
@BBCNews
Barely a mention of this but absolutely no mention of 70+ days of Chinese Heatwave
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@BladeoftheS
I was delighted to vote Labour and to hopefully bring in huge change, the champagne flowed.
This time a vote for Labour is for Tory lite, maintaining the same nonsense about tax being needed to fund spending (it’s not) but, more crucially continuing and promoting the 20th
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@DavidFl62347328
@DaleVince
@TalkTV
@Iromg
If you really wanted to know you could easily find the answer. The conclusion is you don’t want to know or believe in this stuff, which is sad
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@HistoricDesignC
@jasonhickel
The global north generated those billions, and many more, from effectively ripping off the G South. Only if the wealth created by the labour & resources extracted from the G South had been fairly shared could we talk about "equally dependent"
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@_HannahRitchie
Great piece. The uncomfortable truth is that my EV, and the ICE b4 it, sits doing nothing for 95% of its life, so, if we are talking behaviour change, let's go the whole hog and promote car sharing, car as a service or no car at all + more active travel & better public transport.
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@PHellermann
I’m the annoying weird old guy/g-dad who seems to always find a way of raising the topic, most seem concerned but, 5 mins later, it’s back to ignorance. Things won’t change till the media grasps the urgency or something horrible happens nearby.
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@BBCr4today
@GretaThunberg
To deniers and doubters, unless you want to stay sealed in a box, long term you only ever learn from people who are different to you, so go on, relax your prejudice and just listen in on Monday.
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@CarolineLucas
Socialist, woke, politically correct - labels used to avoid adult debate or having to think too much.
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@paulmasonnews
Listening to Starmer this morning the only change I can see is Full Tory to Tory Lite.
Business as usual, economic growth for the 1%, fuelled by the “economy must be run like a household” myth is nothing like the change we and the environment needs.
Look and wake up, we need
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@ClaireCoutinho
Who does the OEUK represent? Tobacco industry representatives said something similar when tax on cigarettes was increased.
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@amolrajan
@BBCr4today
fuelled the crisis. How can we have infinite economic growth, devouring increasing levels of energy and resources, on a finite planet? We even had the myth of growth raising living standards for all, ignoring the fact that the vast majority of it remains with the top few % 2/
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On
@BBCr4today
@MishalHusain
talking to Eustace about the sewage outflows and the billions now needed to upgrade infrastructure but no mention of the £72bn in dividends paid by water cos to shareholders since privatisation that could have covered all of it.
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On
@BBCr4today
today
@CarolineLucas
bringing onshore wind, nuclear & Cumbria coal back to
#ClimateCrisis
. Looking forward to the BBC getting the message to enable it to inform and stop asking the same daft questions.
@omrgriffiths
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@AlexandriaV2005
Whilst gov'ts are wedded to growthism (GDP), seeing it, and the market, as our route out of this mess, (regardless that it got us into it) solutions like this, of doing & consuming less, will be sidelined. The public must be informed about the risks, or nature will do it for us.
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@GeorgeMonbiot
Sorry George but it hasn’t been tax & spend for centuries, it’s spend and tax.
Think of the Government sending the NHS billions of £s and the health workers sending back a % in tax, then spending in Tescos to enable that company and employees to send back more tax, and so on.
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@jasonhickel
Just what I needed after a week of *what’s the point, nobody’s listening” let’s hope it’s a tipping point in acknowledging the arrival of 21st century economics
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@Lowkey0nline
Interesting, more detailed, take on the 6.6bn - however doesn’t detract from huge global wealth in the hands or influence of little britain (who says colonialism is dead) a country with thousands of food banks, homelessness and broken healthcare
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If growth increases living standards for all, why do we need food banks or a gov’t policy of “levelling up”? It was claimed these three represented a wide range of views, no they didn’t they matched the inadequate briefing, on climate & economics, of BBC journos & editors. 3/3
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@implausibleblog
I knew Minford in the 80s when he was one of Thatcher’s wise men, it was not associated with economics but I have no reason to doubt that he brought the same pomposity and other worldly waffle to that discipline as he did to other matters.
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@rahmstorf
@ThierryAaron
Thanks Stefan. I’ve now completely forgotten what I was supposed to be doing for the rest of the day. I’m just thinking of my beautiful, carefree grandkids.
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@LynAldenContact
I’m no expert but hasn’t the US & other “developed” countries run deficits for the vast majority of say the last 50 years? Surely any inflation depends not on the simple fact of a deficit but rather on what that deficit was used for and who ended up holding it?
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.
@ZackPolanski
&
@GreenPartyMolly
- I’ve just been taken aback by seeing this discussion.
Surely now is the perfect time to air the deficit myth, set yourselves apart from the others, as you have done with the ills of GDP growth.
Sowing a seed with the public that all they’ve
@TheGreenParty
@AdrianRamsay
Molly Scott Cato explains that government CAN within specific limits deficit finance initiatives such as Green Energy and bringing water back into public ownership.
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@CSkidmoreUK
But who judges if it’s economically viable? How about the way that causes least damage to humanity & environment?
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@labtowin
Given the numerous comments pointing out how silly this is, I’ll just ask; who do you think creates £s, the government or me (a taxpayer)?
A clue, I don’t because it’s illegal.
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@KateRaworth
@GhostPanther
It is a marmite experience but just go with it. The negative reviews in ms media, compared to promotion by those in the know, climate academics, speaks volumes. Personally, I found the flashes of nature almost unbearable - *we really did have everything, didn’t we?*
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@ThierryAaron
@ChathamHouse
Perhaps because, firstly, they failed to grasp that their quest for infinite economic growth on a finite planet has got us into this mess and, secondly, that payback by nature and climate was inevitable and not just an externality, that could be dealt with if/when it happened?
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@Angus_Climate
Oh Angus, welling up here - thank you so much, my grandkids, g.nephews & g.nieces will know what you did and why and how it’s so important to speak truth to those who think they are powerful 💚
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