Thomas Raymen

258 posts

Thomas Raymen

Thomas Raymen

@Thomas_Raymen

Associate Prof, Criminology, Northumbria University. Social Harm, Corruption, Consumerism, ESG Fraud and Climate Finance. Member WPGB. Mid-Career Fellow, ISRF.

Newcastle, UK Katılım Aralık 2020
777 Takip Edilen982 Takipçiler
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Steve Hall
Steve Hall@ProfHall1955·
Liar. Stooge for the City moneylenders. Neither MMT nor any other heterodox economics school claims a government can spend without limit. Their models are grounded on full awareness of the inflationary limit. It's a lie. They lie about economics as much as they lie about war.
David Pinto-Duschinsky MP@DavidPintoD

You may have seen @ZackPolanski speaking about economics this week. But the theory behind his thinking is a pretty wild one - and could end up costing you dearly 👇

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Dan Hind
Dan Hind@danhind·
It's a time honoured tradition in the UK: everyone with ambitions to become Prime Minister has to go to the City of London, and promise not to do anything.
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Philip Bunn
Philip Bunn@PhilipDBunn·
Peer review in the 1950s be like
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Global Dissident
Global Dissident@GlobalDiss·
🚨 SOMETHING BIG JUST HAPPENED BlackRock, the world’s largest asset manager, just BLOCKED withdrawals. Investors tried to pull $1.2 BILLION from its $26B private credit fund. BlackRock said NO and capped withdrawals at 5%. Nearly HALF the investors who wanted out were denied their money. At the same time, Blackstone faced record withdrawals and had to inject $400M of its own cash. When the BIGGEST funds on Earth start limiting withdrawals, it is a MAJOR WARNING sign for the entire $1.8 TRILLION private credit market.
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Helmut-Harry Loewen
Helmut-Harry Loewen@LoewenHelmut·
With his blistering critique of the domain assumptions of social science — Theodor Adorno’s deeply flawed concept of “authoritarian personality,” Stuart Hall’s culturalist notion of “authoritarian populism,” anarcho-libertarian Stanley Cohen’s influential concept of “moral panic,” and Norbert Elias' "civilizing process" — the inimitable and brilliant @ProfHall1955 inventories the wreckage found in the black box after the Left’s crash and outlines a way forward. Many thanks, @TuttReal, for doing this superb interview! Looking forward to a follow-up interview with Professor Hall soon! x.com/TuttReal/statu…
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Thomas Raymen
Thomas Raymen@Thomas_Raymen·
All law is a collective fiction that exists so long as we act as if it exists. Individuals and corporations instrumentally break the law everyday to serve their interests. Yes, Internat’l law is extraordinarily difficult to enforce peacefully. But that doesn’t make it irrelevant.
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Thomas Raymen
Thomas Raymen@Thomas_Raymen·
Funny how almost every commentator saying international law and the UN Charter are a convenient fiction that is unenforceable and ineffective happen to also be those who have defended Israel for the past several years.…
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Thomas Raymen
Thomas Raymen@Thomas_Raymen·
@ProfHall1955 And the two people you can see sitting round the table look fucking miserable.
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Steve Hall
Steve Hall@ProfHall1955·
Our understanding of what could be a catastrophic conflict between the West's ruling neoliberals and Iran is missing the elephant in the room. Since deindustrialisation, Western economies were financialised and became dominated by networks of investors - the 'creditor class'. The big players exert influence to the extent that they operate as a shadow-government behind elected politicians. Their income depends on wholesale privatisation of assets - existing and under development - as investment targets. Their ability to indebt individuals, households, companies and nations ensures a constant flow of free money, in the form of compound interest, into their bank accounts. Many Iranian exiles are finance and tech entrepreneurs who fled the country to get rich. Exclusion from global payment systems made business difficult, but the fundamental problem was 'riba', the strict Islamic laws controlling usury. Look it up yourselves, it's a complex system that still holds but can be circumvented in some cases needed by a modern economy. However, Shariah-compliant arrangements such as mudarabah, musharakah and ijara insist on some degree of profit-sharing and repayment negotiation. This restricts the profiteering enjoyed by the Western creditor class, who operate by monopolised and manipulated market prices of borrowing, dollar domination and their militarised ability to subjugate developing nations as resource colonies and investment targets. In C14, European morality, customs and law shifted from sympathy for the debtor to discipline on behalf of the private creditor. By C17, even the monarchs and the state were placed under that disciplinary regime as bond markets grew. This culture was, of course, exported to the US. This the core of the East-West clash - it rests on a fundamental cultural-economic disparity that determines the reproduction of class-structured wealth and power. Powerful Eastern nations such as China, Russia and Iran have their own ways of restricting and disciplining the investment banking system, which the Western creditor class cannot accept. The creditor class have been subjugating nations and funding wars for centuries. Schumpeter's 'creative destruction' has a dark, violent kernel which he understated. They don't care how many ways of life are disrupted, or how much infrastructure is destroyed - they make fortunes rebuilding it in the most tasteless styles and for the most crass purposes imaginable. They don't care how many peasants and workers die, men, women, or children, because they regard us as inferior and dispensable. The Epstein network is little more than the creditor class's entourage. The creditor class is our principal enemy and must be consigned to history's dustbin. The production of money as investment must be brought under full public control.
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Christopher Lasch's Angry Ghost
Christopher Lasch's Angry Ghost@ghostofchristo1·
When the tides of war go out, you get to see whose legs are tethered to some previously unseen institution, compelling them to propagandise for one side or the other. Under war conditions, what was previously implicit or deniable becomes nakedly obvious and explicit.
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Thomas Raymen@Thomas_Raymen·
What an absolute ghoul.
Politics UK@PolitlcsUK

🚨 NEW: Keir Starmer has written to all Labour MPs to explain why Labour lost the Gorton and Denton by-election Dear Colleagues, The result in Gorton and Denton is deeply disappointing. Instead of a Labour MP who can be a local champion delivering for Gorton and Denton alongside a Labour Government and a Labour mayor, the people of Gorton and Denton now have a representative who is more interested in dividing people than uniting them. We have to learn lessons from that, and we will. I know this is a tough result for our movement but I still want to thank you for everything you did to support our brilliant candidate Angeliki Stogia. She did a fantastic job and Gorton and Denton deserved to have her as their MP. We’ve seen the true colours of Zack Polanski’s Greens in this campaign. The Greens were able to capitalise on an endorsement from George Galloway to win over enough voters to push them over the line. Their willingness to welcome Galloway's divisive, sectarian politics is a sign that the Greens are not the harmless environmentalists they pretend to be, and their position on legalising all drugs shows how unstable this electoral coalition is. It cannot survive a general election campaign. It hurts, but this is the kind of result that we have often seen parties of government face. In by-elections people can make their voice heard without risking a change of government. I get it: people are rightly impatient to see the change they voted for. It’s my job to make sure that happens. And I’m working day in, day out to see it through. Over the coming months, people will feel the benefit of the long-term decisions this government is taking. Look at the good economic news we’ve had in the past week: inflation and borrowing coming down, retail sales and business confidence rising, energy bills falling. And look at the policies that are going to make a difference in people’s lives in the coming months: the landmark Employment Rights Act, money off energy bills, the cruel two-child limit scrapped, more free breakfast clubs opening, Pride in Place funding coming through, NHS waiting lists continuing to fall. It will show what we’ve been saying from the outset of this year: the country is turning a corner. These are all Labour policies, putting Labour values into action - policies no other party would or could deliver. The Greens may have won here, but they simply do not have the resources, the activist base or the local knowledge to replicate this victory across the country. We’ve seen that before. We’ve seen it with the Lib Dems, who have often won mid-term by-elections against both the Conservatives and Labour, but never been able to come close to winning nationally. We’ve seen it with George Galloway, who won two mid-term by elections but held neither of those seats in a general election. We will continue to warn of the risk the Greens pose: the risk of extreme policies like legalising all drugs and pulling out of NATO that most voters strongly reject, and the risk of splitting the progressive vote so that Reform come through the middle. The next election is too important to let that happen. It’s a fight we can win, and we’re going to win it. Best, Keir

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Thomas Raymen@Thomas_Raymen·
@Alan851603 It’s on this that Polanski has been strongest. He’s taken from the good heterodox economists so that, when proposing a meaningful policy, he has a real answer to the tiresome “how will you pay for it” question that goes beyond a wealth tax.
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Thomas Raymen
Thomas Raymen@Thomas_Raymen·
@Alan851603 But that is political economy. Law, regulation, economic processes and politics. How our material systems impact and interact with the environment are a product of those relations. Can’t improve those things without a clear position and plan with regards to political economy.
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Thomas Raymen
Thomas Raymen@Thomas_Raymen·
This is what has been missing on the left my entire life: A willingness to set aside differences on cultural issues and focus on shared agreement on the material issue of political economy. Question is, can that be done within parties as well as between them?
Steve Hall@ProfHall1955

Well done @TheGreenParty at Gorton and Denton. Reform and the awful Matt Goodwin also well beaten, down there with (not)Labour. Tories utterly and rightfully crushed. Well done to @WorkersPartyGB leadership for asking members to vote tactically. The air is full of 'investors', 'businesss advisers' and associated midwits calling Green economics 'bonkers'. We know Polanski isn't an economist but his script is taken from the heterodox economics field. Shifting to non-inflationary public investment under the cosh of what I call 'global money-market power' won't be easy, but this field provides us with the understanding we need to do it. The rentier capitalist club - investment bankers, hedge-funders, bond traders, private equity asset-strippers etc. - who are addicted to the free money provided by interest payments hate heterodox economics not because it's wrong but because it threatens to reduce their flow of free money. Green Party policy won't 'crowd' out private investment, but force them to play catch-up and change their investment targets to the supply chains and services required by the green transition and social needs. Profit-maximising 'impatient capital' must become sustainable 'patient capital' guided by democratic policy decisions. Neoliberalism is finished. Economic history must change, and any party willing to instigate this change must be supported. #player" target="_blank" rel="nofollow noopener">bbc.co.uk/news/live/cp8r…

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Bonnie Prince Bob
Bonnie Prince Bob@VoteBPB·
On this day - The Shameless
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