Gregory's Server#FollowTheMoney 🧵27/n The piece btw contains a necessary critique of my sci-fi “money rules” take a few posts above. Although i still like the idea of all this being a kind of superorganism. But yes, it is about power - political economy, not just economy.
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 #FollowTheMoney 🧵 30/n Wow. As Bregman says: Stunning graph: the plummeting tax rates of the richest Americans. For the first time in history, billionaires have a lower effective tax rate than working-class Americans. Look at 1980 - I do continue to think that *everything* could have been different if Carter hadn’t lost to Reagan. #FollowTheMoney 🧵 31/n I think the graph came from this New York Times piece but don’t have a subscription so can’t check. https://www.nytimes.com/interactive/2024/05/03/opinion/global-billionaires-tax.html #FollowTheMoney 🧵 32/n Watched “The Founder” on Netflix yesterday, about McDonalds. Really interesting- would recommend it. Particularly how the real breakthrough came when Kroc, advised by Sonneborn, went for real estate. Checked it on Wikipedia: “McDonald's present-day real-estate holdings represent $37.7 billion on its balance sheet, about 99% of the company's assets and 35% of its annual gross revenue.” #FollowTheMoney 🧵34/n #ClimateDiary We had a veg box for 12 years from Hankham Organics; 3 weeks ago we suddenly had a note with our box that they were closing, as it wasn’t working financially any more. 😢😢😢 And a fish merchant who we got smoked salmon for Christmas from closed this year too, for the same reasons. Plus Goldsmiths’ woes of course (#AcademicVenting). So many good, small organisations struggling and ending. #FollowTheMoney 🧵 36/n Here a positive, progressive use of money flows: 1400+ Columbia University alumni from its 20 schools have pledged to withhold all “financial, programmatic, and academic support” until school meets demands related to divestment, student discipline, and community safety. #FollowTheMoney 🧵37/n Even though all of us living in the UK know that homelessness is terrible (and has grown exponentially since 2010), it is still shocking to see this graph. (There are notes on methods: all countries included both rough sleeping and invisible homelessness). |
#FollowTheMoney 🧵 28/n But honestly, just read this piece - everything in this 🧵 in one brilliant analysis. And, crucially, using to explain lack of climate action. This is what everyone, each one of us, needs to think about! “Ecologically speaking, neoliberalism couldn’t have come at a worse time.”
Here Christopher’s book itself:
The Price is Wrong. Why Capitalism Won’t Save The Planet.
https://www.versobooks.com/en-gb/products/3069-the-price-is-wrong
#FollowTheMoney 🧵 28/n But honestly, just read this piece - everything in this 🧵 in one brilliant analysis. And, crucially, using to explain lack of climate action. This is what everyone, each one of us, needs to think about! “Ecologically speaking, neoliberalism couldn’t have come at a worse time.”