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CoKeynesian

@CoKeynesian

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Following
2,235
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22,163
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Supply Side Progressivism

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Joined July 2015
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@CoKeynesian
CoKeynesian
1 month
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.
@fasc1nate
Fascinating
1 month
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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@CoKeynesian
CoKeynesian
1 month
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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@CoKeynesian
CoKeynesian
2 years
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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@CoKeynesian
CoKeynesian
3 months
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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@CoKeynesian
CoKeynesian
7 months
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.
@Locati0ns
Epic Maps 🗺️
7 months
1000 years of history in 1 image
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@CoKeynesian
CoKeynesian
15 days
70% of Switzerland's prison population is foreign-born 🤯
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@CoKeynesian
CoKeynesian
3 months
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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@CoKeynesian
CoKeynesian
13 days
10% of the Tory vote has *died* since the last election!
@Dylan_Difford
Dylan Difford
14 days
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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@CoKeynesian
CoKeynesian
3 months
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.
@AyoCaesar
Ash Sarkar
3 months
*stares in Good Friday Agreement*
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@CoKeynesian
CoKeynesian
9 months
Really fascinating how Republicans have worked themselves into hysteria about Mexico thanks to some Fox News coverage and Narco-Dramas.
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@CoKeynesian
CoKeynesian
11 months
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.
@TomMcTague
Tom McTague
11 months
Our years of decline, 1945-1979, now turn out to be our years of peak performance
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@CoKeynesian
CoKeynesian
7 months
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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@CoKeynesian
CoKeynesian
1 month
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.
@LBC
LBC
1 month
"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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@CoKeynesian
CoKeynesian
8 months
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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@CoKeynesian
CoKeynesian
13 days
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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@CoKeynesian
CoKeynesian
4 months
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.
@bucephalus424
Mathias
4 months
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@CoKeynesian
CoKeynesian
4 months
Me normally Vs me when I see someone defend Houthi piracy.
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@CoKeynesian
CoKeynesian
1 year
Wikipedia never ceases to impress me - user "MrPenguin21" has made a map of the *1910* South African general election!
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@CoKeynesian
CoKeynesian
4 months
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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@CoKeynesian
CoKeynesian
3 months
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)
@infraexplained
Infrastructure explained
3 months
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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@CoKeynesian
CoKeynesian
1 month
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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@CoKeynesian
CoKeynesian
1 month
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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@CoKeynesian
CoKeynesian
3 months
This is a *bad* thing?
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@Noahpinion
Noah Smith 🐇🇺🇸🇺🇦
3 months
I wish more Americans knew what it was like to live in a social-democratic European country.
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@CoKeynesian
CoKeynesian
1 month
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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@CoKeynesian
CoKeynesian
7 months
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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@CoKeynesian
CoKeynesian
9 days
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.
@McKay4Senate
Bill McKay
10 days
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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@CoKeynesian
CoKeynesian
2 months
Saudi Arabia is really gonna blow its increasingly finite oil wealth on giant white elephants like this. Just incredible.
@SustainableTall
Philip Oldfield
2 months
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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@CoKeynesian
CoKeynesian
3 months
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.
@mattyglesias
Matthew Yglesias
3 months
Almost no obesity in the 1930s, and instead over 10% of draft-eligible men screened in 1940 were malnourished.
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@CoKeynesian
CoKeynesian
20 days
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.
@Analytiquity
*Oriental Leitmotif plays*
20 days
it's real
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@CoKeynesian
CoKeynesian
3 months
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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@CoKeynesian
CoKeynesian
2 months
Labour embracing YIMBYism is one of the best things to happen in British politics for decades.
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@CoKeynesian
CoKeynesian
4 months
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.
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@propagandopolis
Propagandopolis
4 months
'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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@CoKeynesian
CoKeynesian
13 days
France has essentially the same labour productivity as the US; it just works fewer hours and has a weaker currency.
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@CoKeynesian
CoKeynesian
2 months
*literally every economist* "The UK needs to build more houses and infrastructure and invest more" *The Conservative Party*
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@CoKeynesian
CoKeynesian
1 year
Remembering that time New Zealand had a fucking referendum on smacking children
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@CoKeynesian
CoKeynesian
2 months
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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@CoKeynesian
CoKeynesian
3 months
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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@CoKeynesian
CoKeynesian
3 months
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.
@HopfJames
James Hopf
3 months
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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@CoKeynesian
CoKeynesian
7 months
In postwar New Zealand, 90% of our exports were pastoral products, and 66% of our exports went to the UK.
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@CoKeynesian
CoKeynesian
2 months
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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@CoKeynesian
CoKeynesian
1 year
@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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@CoKeynesian
CoKeynesian
2 years
@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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@CoKeynesian
CoKeynesian
7 months
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).
@C_Harwick
Cameron Harwick 👾🏛
7 months
It's a crime we let historians teach the Great Depression.
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@CoKeynesian
CoKeynesian
3 months
@StatisticUrban No idea, but presumably a verrry high number. Almost every British male of a certain age served in WW1.
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@CoKeynesian
CoKeynesian
4 months
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.
@DrDreHistorian
André Brett
4 months
Just passing through
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@CoKeynesian
CoKeynesian
5 months
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.
@DaveKeating
Dave Keating
3 years
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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@CoKeynesian
CoKeynesian
5 months
Rate the CANZUK Government Logos
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@Not_Gilmore
Rory
5 months
Rate the Provincial and Territorial Logos
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@CoKeynesian
CoKeynesian
27 days
80% of my advice for Britain is just this.
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@CoKeynesian
CoKeynesian
3 months
From the self-proclaimed party of economic growth.
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@CoKeynesian
CoKeynesian
7 months
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.
@heviyane
Yusuf
7 months
Just like Rhodesia, once it's gone, nobody will think about Israel. It's something that future generations will read about in history books, wondering how the world ever allowed something like this to exist
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@CoKeynesian
CoKeynesian
2 months
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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@CoKeynesian
CoKeynesian
2 years
@Gaulather It's so maddening because the places with the lowest carbon emissions are high density cities with lots of public transit. NIMBYism impoverishes millions and harms the climate by forcing people to commute long distances from more affordable exurbs.
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@CoKeynesian
CoKeynesian
13 days
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.
@Dylan_Difford
Dylan Difford
13 days
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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@CoKeynesian
CoKeynesian
3 months
The funny thing about that survey was that the most virulently anti-gay parts of Australia were not the outback but multicultural, immigrant-heavy neighbourhoods in Sydney.
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@CoKeynesian
CoKeynesian
3 months
Really nuts how the *entire* British Army today is smaller than what the British Army of the Rhine was in 1957.
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@CoKeynesian
CoKeynesian
4 months
It was the last time the economy in Anglosphere countries was unambiguously "good", with low unemployment, low inflation and normal house prices.
@NikkiHaleyFan02
HaleyFan 🇺🇸
4 months
This must have been amazing to see
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@CoKeynesian
CoKeynesian
2 years
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@CoKeynesian
CoKeynesian
10 days
Labour's economic strategy seems to be to revive UK economic growth by liberalising the planning system and using the consequent tax revenues to open up the spending taps on public services later on.
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@CoKeynesian
CoKeynesian
3 months
@WillTheKid1507 The IRA accepted a two-state solution for the immediate future.
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@CoKeynesian
CoKeynesian
3 months
The Tories used to be opposed to high marginal tax rates on the grounds that they were distortive, unfair and created bad incentives. Nowadays Thatcher's self proclaimed heirs are fine with stuff like this because it only really affects young and middle aged people.
@AlexSelbyB
Alex Selby-Boothroyd
3 months
Totally cool that two parents earning £99,999 between them can pay 20% tax while a single parent of three on just over £50,000 pays 70% tax
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@CoKeynesian
CoKeynesian
1 month
A big problem with leftist and liberal critiques of the British constitution is that they so get obsessed with shiny objects like the House of Lords and the Crown that they ignore the less obvious but more damaging things like FPTP. Its Magpie constitutionalism.
@socialaskan
Polar Garibaldi 🇵🇸
1 month
It’s so funny that England has a monarchy with inheritable parliament seats, a state religion, pseudoautonomous satrapies, no constitution, and no regular elections but we’re supposed to pretend it’s a democracy because they let you be a small business owner if you want
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@CoKeynesian
CoKeynesian
3 months
Birmingham had a roaring postwar economy, but its delivery was kneecapped by government policy, which banned the construction of any new factories or offices in the city for decades.
@thomasforth
Tom Forth
3 months
Not too long ago Birmingham was among the richest and best-run cities in the world. Far from dimming the streetlights, it was probably a global pioneer in putting them in. And gas mains, and sewers, and water mains, and roads, and parks, and trams. The municipal glory is gone.
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@CoKeynesian
CoKeynesian
18 days
The same Conservative Party that slashed defence spending in the 2010s, reducing troops numbers by around 1/3, has suddenly decided to reverse course, but only after ensuring that it will not be in government when the bill comes due.
@BBCPolitics
BBC Politics
18 days
"Today I'm announcing the biggest strengthening of our national defence for a generation" PM Rishi Sunak says the UK will increase defence spending to 2.5% of GDP by 2030
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@CoKeynesian
CoKeynesian
4 months
IIRC, a lot of it was because the French set sensible, intelligent plans and stuck to them, whilst Britain half-assed planning after the Tories took office in '51 and tended to cancel investments whenever a sterling crisis periodically hit.
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@CoKeynesian
CoKeynesian
15 days
An underrated change in British politics is how housebuilding (both private and, to a lesser extent, public) used to be central to the Tory pitch, but now the Tories are a party of unreconstructed NIMBYism.
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@CoKeynesian
CoKeynesian
3 months
Labour risks boxing themselves into a corner through this. Fixing Britain will require sweeping reforms in a wide range of areas, not electoral gimmicks and cargo-cult Blairism. The voters instinctively understand this, but the politicians do not apparently.
@GdnPolitics
Guardian politics
3 months
Labour ditches radical reforms as it prepares ‘bombproof’ election manifesto
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@CoKeynesian
CoKeynesian
7 months
@GelidPlateau Yes, and 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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@CoKeynesian
CoKeynesian
3 months
Is this really such a bad fate?
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@CoKeynesian
CoKeynesian
2 years
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@CoKeynesian
CoKeynesian
2 months
This generation finally ageing out of the electorate will be an enormously positive thing for British society.
@MailOnline
Daily Mail Online
2 months
'Gen Z think they can do nothing and get benefits - bring back National Service': Pensioners slam 'lazy and entitled' work-shy youngsters who moan they can't get jobs because Covid left them without social skills
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@CoKeynesian
CoKeynesian
3 months
A big part of the problem with British politics, and politics across the West more broadly, is that politicians are talentless hacks compared to their 20th-century counterparts.
@Lucius_Winslow
Lucius Winslow
3 months
Pictured: Jess Philips adding ‘parliamentary procedure’ to the repository of things which she does not understand.
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@CoKeynesian
CoKeynesian
4 months
It's always worth noting that during the era most associated with male privilege - the '50s and '60s - women, in most Western countries, were much more conservative politically than men. UK Labour would have won every election from 1945 to 1979 if only men could vote.
@GoldwagNathan
Nathan Goldwag 🇺🇦
4 months
The vulgar feminist interpretation of this (i.e., men are reacting to loss of power and privilege) seems pretty obviously at least partially correct, which is why we're going to get ten thousand more thinkpieces on Why Women Went Woke instead.
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@CoKeynesian
CoKeynesian
6 months
Argentina *starts a war* .... "No! No! You can't shoot back at us!"
@tomistropp
tomi
6 months
Esto opinaba Thatcher del hundimiento del Belgrano. No se arrepintió de haber ordenado atacar un barco fuera de la zona de exclusión (el área delimitada para el conflicto) y que causó la muerte de 323 argentinos. Queremos un presidente que reinvidique a una criminal de guerra?
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@CoKeynesian
CoKeynesian
5 months
A deep philosophical difference between Globes and me is that I prefer to live in a society where wages for the working class are high, even if that means I can't afford "personal services" like a cleaner.
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@CoKeynesian
CoKeynesian
6 months
1951 UK General Election Labour won a plurality of the vote but lost thanks to the vagaries of FPTP. Had they won, the '50s economic boom would have kept them in office for the rest of the decade and allowed them to finish constructing the New Jerusalem.
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@ChazNuttycombe
Chaz Nuttycombe
6 months
What's an election from 50+ years ago that causes you pain? I'll go first:
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@CoKeynesian
CoKeynesian
15 days
@whispermajority Read the X axis.
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@CoKeynesian
CoKeynesian
4 months
Planning reform is close to a silver bullet for the British economy, yet British politicians stick their heads in the sand and refuse to touch it.
@alexwickham
Alex Wickham
4 months
EXCLUSIVE: — Internal Treasury analysis advised Rishi Sunak that tax cuts would have only a “low impact” on boosting economic growth — Leaked documents show the Treasury suggested increasing immigration and planning reform would do more
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@CoKeynesian
CoKeynesian
11 days
@gutista02 Tito, obviously. Yugoslavia literally doesn't exist anymore.
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@CoKeynesian
CoKeynesian
3 months
It's absolutely insane that Canada used to have the industrial capacity to design and produce jet engines and just let it wither away. This is the holy grail of aerospace technology! It's *extremely* difficult; even China struggled to learn how to do it for decades!
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@CoKeynesian
CoKeynesian
5 months
It's absolutely insane that there are *six* different types of British nationality, all with different rights and privileges. Like, in the UK, you can be a 6th-class citizen!
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@CoKeynesian
CoKeynesian
5 months
Reject Modernity, Embrace Tradition!
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@CoKeynesian
CoKeynesian
8 months
@CharltonCussans Someone once told me that the main difference between the US and Canada is that Canada has Quebec and the US has the South.
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@CoKeynesian
CoKeynesian
13 days
Part of why England never had a middle layer of government is that the tasks performed by regional/state/provincial governments in other countries used to be performed by English local councils instead.
@CoKeynesian
CoKeynesian
2 months
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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@CoKeynesian
CoKeynesian
4 months
Whooo boy, the Economist used to be a lot less PC than it is today...
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@CoKeynesian
CoKeynesian
2 months
No, quite the opposite. Joining the Euro in 2000 would have permanently locked the UK into an overvalued exchange rate and a macroeconomic straitjacket, with unemployment and deflation being the result.
@BladeoftheS
BladeoftheSun
2 months
Pound v Euro. If we had adopted the Euro in 2000 we would be nearly 60% richer than we are now. Who cares if your money is called Pounds or Euros what difference does it make?
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@CoKeynesian
CoKeynesian
2 months
The Cold War British military would have been a juggernaut if the UK had experienced its own Post-War Economic Miracle and had been managed better. The UK keeping pace with FRG or France in terms of productivity would have enabled all sorts of Grands Projets that got canned.
@angrynorfman
Norfener 🏴󠁧󠁢󠁥󠁮󠁧󠁿🏗️🚝
2 months
We used to be a proper country
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@CoKeynesian
CoKeynesian
1 month
Apartheid didn't exist until 1948, and the National Party that implemented it wanted South Africa to remain neutral. BJ Vorster was literally interned for supporting the Nazis! As were many other Afrikaners. It was Smuts and the Anglophiles who brought South Africa into WW2.
@JeanPatron777
Jean🇳🇱 🧃
1 month
Apartheid South Africa fought side by side with the Allied Forces against Nazi-Germany you idiot.
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@CoKeynesian
CoKeynesian
11 months
@p_chap_charles IMO it's mainly due to a mixture of: - Post 2010 austerity - Brexit - Lack of infrastructure investment, especially outside of London - A restrictive planning regime that strangles housing and infrastructure construction
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@CoKeynesian
CoKeynesian
9 months
The UK kept rationing because it (unlike France) was extremely dependent on imported food. Imports had to be paid for with ForEx (namely dollars), which postwar Britain lacked. Balance of Payment issues, not debt or socialism, was the UK's main economic problem.
@SwannMarcus89
Swann Marcus
9 months
The post-war British government was too socialist. They created the worst healthcare system in Western Europe, created the town and country planning system, and kept rationing meat for five years longer than the French did - and the French had way more fighting on their territory
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@CoKeynesian
CoKeynesian
3 months
This is also why it's important for cooler heads like the US to restrain the Israelis. The rage generated from Oct 7 will drive Israel to do many horrific and dumb things, much as 9/11 drove the US to do many horrific and dumb things it later regretted.
@JoshuaPHilll
Read Let This Radicalize You
3 months
New York Governor Kathy Hochul says genocide is just the natural way people respond to being attacked. “If Canada someday ever attacked Buffalo, I'm sorry my friends, there would be no Canada the next day. That’s a natural reaction.”
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@CoKeynesian
CoKeynesian
9 months
1970s inflation was incredibly politically destructive! The neoliberal revolution of the 1980a was very much a response to the inflation, and other problems, of the 1970s ffs
@whstancil
Will Stancil
9 months
This isn’t the first time America has experienced inflation. If it was some kind of surefire recipe for economic discontent people would have been similarly gloomy in the past. But they weren’t. Something’s different now. (It’s bad media narratives.)
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@CoKeynesian
CoKeynesian
11 months
@M_Law8 Nicholas Craft chalks it up to - Terrible trade unions - Lack of effective competition policy - Being stuck outside of the EEC - Bad corporate management I would add a postwar planning policy that severely restricted housing and industrial growth in certain cities.
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@CoKeynesian
CoKeynesian
1 year
@M_Law8 He dug up the old "Report of the Delimitation Commission under the South Africa Act, 1909" and then added it himself.
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@CoKeynesian
CoKeynesian
7 months
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@Der_Parrot
kraut.bsky.social
7 months
I think at this point Britain may just be the antisemitism capital of Europe.
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@CoKeynesian
CoKeynesian
7 months
British politics loves to LARP as Germany with its obsession with apprenticeships and factories rather than accept the UK's place as a services based liberal market economy.
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CoKeynesian
6 months
"social democracy in an era of no money" always pissed me off. - The Attlee Gov faced horrifically bad economic crises and still pushed through a transformative programme. - The 2010s were an era of cheap money, and the economy was ripe for Keynesian stimulus.
@residentadviser
Obadiah Mbatang
6 months
A lot of these centre-left wonkish types is they like coming up sexy “transformative” solutions to “the future of work” or the “the climate crisis” or “social democracy in an era of no money” or “devolving power to communities”. But often not thought through (see Brown Review).
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@CoKeynesian
CoKeynesian
2 months
I broadly agree with this, but I would add: ✂️Unessary and destructive austerity programme. ⚛️Canning Brown's plan for 8 new nuclear power plants 🇪🇺Brexit, which whacked around 5% off the UK's GDP.
@tomhfh
Tom Harwood
2 months
Biggest anti growth coalition wins since 2010: 🛬Hobbling Heathrow. 🚇Trebling HS2 costs. 🏗️Banning onshore shale. 🪫Banning onshore wind. 🚧£300m paperwork for one tunnel. 🧱Defeating planning reform three times.
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@CoKeynesian
CoKeynesian
4 months
Treasury Brain is a huge part of it. The Treasury successfully agitated to cancel Grands Projets of every variety, from infrastructure to aircraft carriers. France, conversely, always prioritised investment over other objectives like inflation and defending the franc.
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@CoKeynesian
CoKeynesian
3 months
The default answer in British politics is always "fuck young people"
@ianmulheirn
Ian Mulheirn
3 months
Political solution on council tax surely has to be that revaluation happens but any changes flowing from it, or new tax bands only take effect when the property is next sold
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@CoKeynesian
CoKeynesian
2 months
Economic and political history is important. That project doubtlessly had yielded more interesting and important results than anything Gill has produced in her life.
@CharlotteCGill
Charlotte Gill
2 months
Always wanted to know more about this. Sound £879,525 taxpayer investment.
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