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False Prophet

@7WheelofFortune

Philosophy is life

Eridu Tham gia Şubat 2026
597 Đang theo dõi58 Người theo dõi
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False Prophet
False Prophet@7WheelofFortune·
Rome debased their currency too. We print more, Rome reduced the silver content in each coin to produce more. When you do this and the resources in the economy stay the same or contract, you get inflation. Inflation is like a locomotive going down hill, it starts slow but once it gets going the state will fail.
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marty
marty@mattsw_g·
@7WheelofFortune @AaronBastani @K_Niemietz Okay, you're fudging a bit. You argue that collective ownership requires a central authority, which you then call the state. Why is that true in your view? The left historically has no particular attachment to the state - it was sometimes a means to an end, not the end
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Kristian Niemietz
Kristian Niemietz@K_Niemietz·
Labour could also have used its long spell in opposition to develop an Abundance-themed, centre-left version of supply-side economics. Instead of wasting 5 years by putting Novara Media and the Canary in charge, in order to impress dumb trendy hipster commie kids at Glastonbury.
Jeremy Corbyn@jeremycorbyn

This country might be about to have its 6th Prime Minister in 7 years. Why? Because they’ve all failed to take on a rigged economic system that enriches the few at the expense of us all. People want a society where children don’t go hungry. That is really not too much to ask.

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False Prophet
False Prophet@7WheelofFortune·
@mattsw_g @AaronBastani @K_Niemietz Collective ownership requires a central authority to decide how resources (land, labor, capital) are used. If the "collective" (the state) owns the means of production, it also effectively owns the means of your survival. Abhorrent.
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marty
marty@mattsw_g·
@7WheelofFortune @AaronBastani @K_Niemietz Do you have an issue with it per se? If, for example, it would NOT lead to totalitarianism - hypothetically. Would you support common/ public ownership? Or are you ideologically opposed in any case?
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False Prophet
False Prophet@7WheelofFortune·
@Odin2001iom @Raffiatim Yeah MV = PY During Covid M increased (see above) but V went down as everything was locked down As soon as the economy opened back up, V went up. M still high. No change in Y (economic output). Result an increase in P - inflation
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Craig Tildesley
Craig Tildesley@Odin2001iom·
@7WheelofFortune @Raffiatim You have a population wanting to break free after a lockdown with excess cash and a just in time economy that needs 6 months (or more) to refill inventory after a complete halt. Not rocket science. Supply shortages are usually the cause for inflation but if you look at Japan...
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Raf
Raf@Raffiatim·
What is all this about govt 'borrowing costs' rising? a) govt sets the bond interest rate b) currency-issuing govt can ALWAYS honour any commitment c) interest rates that change with subsequent bond TRADING are nothing to do with govt! Where is this wrong?
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Marble Chops
Marble Chops@Marblechops79·
@beverleyturner @UN I keep having the odd argument about whether Britain should stay closer to Europe or to the US Idk how anyone can say anything but the US
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Bev Turner
Bev Turner@beverleyturner·
This is not getting the attention it deserves. The American State Dept just said that the @UN has facilitated deliberate mass migration to the West and this has been reckless and dangerous. "For the citizens of Western nations, mass migration was never safe. It introduced new security threats, imposed financial strains, and undermined the cohesion of our societies."
Department of State@StateDept

Last week, the United States refused to participate in the UN’s review of the Global Compact on Migration. The United States objects to the Global Compact on Migration and UN efforts to facilitate replacement migration to the United States and our Western allies.

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marty
marty@mattsw_g·
@7WheelofFortune @AaronBastani @K_Niemietz What's your issue with the principle of collective ownership particularly? That would be property operated along somewhat democratic principles, with the bigger picture prioritised over narrower interests
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False Prophet
False Prophet@7WheelofFortune·
@Odin2001iom @Raffiatim What inflation definitely definitely won’t happen Post Covid inflation definitely definitely had nothing to do with increasing the money supply
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Craig Tildesley
Craig Tildesley@Odin2001iom·
@Raffiatim Pretend that the bonds are a funding model and that the currency issuer can become bankrupt and also doesn't issue currency. Also learn the wrong lessons from Weimar and Zimbabwe such that you scream hyperinflation whenever the currency issuer issues currency (which it can't do)
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False Prophet
False Prophet@7WheelofFortune·
@RelearningEcon The best way to keep members of society poor is making them reliant on welfare Give a man a fish and you feed him for a day Teach a man to fish and you feed him for a lifetime
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Relearning Economics
Relearning Economics@RelearningEcon·
"No society can surely be flourishing and happy, of which the far greater part of the members are poor and miserable." -Adam Smith
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False Prophet
False Prophet@7WheelofFortune·
@mattsw_g @AaronBastani @K_Niemietz Ownership in common is different to property rights I have no issue with John Locke - private property is a natural right derived from self-ownership and labor I have massive issue with Karl Marx - collective ownership and abolishing private ownership. Tyranny & coercion.
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marty
marty@mattsw_g·
@7WheelofFortune @AaronBastani @K_Niemietz What do you mean by "control technologies" do you mean "own"? Do you have an issue with intellectual property being owned in common on principle - as in, no property rights afforded to anyone - safeguarded by legislation?
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False Prophet
False Prophet@7WheelofFortune·
@NicholasTyrone It’s hard to find the time to be a quasi intellectual critiquing the bourgeoisie when you are living in poverty off the land without the technologies invented due to capitalism
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False Prophet
False Prophet@7WheelofFortune·
If ever there was a graph to show how printing money in Covid broke the UK economy, it is this one. The Truss budget a sideshow.
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False Prophet
False Prophet@7WheelofFortune·
@JohnSlinger @Keir_Starmer The longer he stays in power the longer it will be until Labour are ever elected again Short term pain, long term gain
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John Slinger MP
John Slinger MP@JohnSlinger·
As a former Prime Minister once said: “If you’re going through hell, keep going.” Keep going, @Keir_Starmer.
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False Prophet
False Prophet@7WheelofFortune·
@AaronBastani @K_Niemietz I will read it as I like reading new ideas But the summary on audible reads like some sort of fantasy novel Who controls these technologies? If it’s the state then it’s a no from me
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False Prophet
False Prophet@7WheelofFortune·
@EC2man Streeting the only one who potentially could be better
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The City Dissident
The City Dissident@EC2man·
Except almost everyone acknowledges that the alternatives to Starmer are even worse - more extreme, more stupid, more fanatical - so it's not as clear cut as that. If most of your elected Parliament is comprised of extremists, morons and lunatics, there are no good choices.
(((Dan Hodges)))@DPJHodges

It’s genuinely bizarre to see what happens to Prime Ministers. Best part of 100 of Starmer’s own MPs have publicly said he should stand down. The country has seen that. The idea you can carry on governing in those circumstances is politically unsustainable.

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Moving Home with Charlie
Moving Home with Charlie@moving_charlie·
It's no easy decision to go against your party leader. It's a career defining decision, it's brave. Huge respect for these 81 Labour MPs who have now done that. They are showing respect for the electorate. They are respecting the will of the people who have told them, on the doorstep, that Starmer is the problem. If this challenge succeeds, whoever comes next may or may not be an improvement, but I hope it will be someone who at the very least can show the respect for the people of the country who elected them. That's the bare minimum standard of a leader that Starmer never lived up to.
Politics UK@PolitlcsUK

🚨 BREAKING: Over 81 Labour MPs have now called for Keir Starmer to resign This is officially enough to launch a leadership challenge if they unite behind a single candidate Clive Betts Sarah Owen Connor Naismith David Baines John McDonnell Ian Lavery Clive Lewis Jonathan Brash Louise Haigh Anneliese Midgley Simon Opher Richard Burgon Olivia Blake Paula Barker Ian Byrne Neil Duncan-Jordan Apsana Begum Chris Hinchcliff Kim Johnson Ruth Jones Andy McDonald Kate Osborne Jon Trickett Nadia Whittome Beccy Cooper Cathrine West Tony Vaughan Barry Gardiner Abtisam Mohamed Emma Lewell Josh Simons Irene Campbell Cat Eccles Anna Dixon Justin Madders Terry Jermy Imran Hussain Euan Stainbank Graham Stringer Rachael Maskell Debbie Abrahams Peter Lamb Brian Leishman Julia Buckley Paulette Hamilton Catherine McKinnell Navendu Mishra Bell Ribeiro-Addy David Smith Chris Curtis Luke Myer Markus Campbell-Savours Alan Gemmell Fred Thomas Lorraine Beavers Jas Athwal Sarah Smith Jo Platt Alex Ballinger Sally Jameson Joe Morris Tom Rutland Antonia Antoniazzi Sam Carling Naushabah Khan Yuan Yang Lee Pitcher Rachel Taylor Melanie Ward Charlotte Nichols Alex McIntyre Mary Kelly Foy Ben Goldsborough Maureen Burke Matt Bishop Sarah Hall Tahir Ali Gordon McKee Jonathan Hinder James Asser Richard Baker Miatta Fahnbulleh

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@mattsw_g @AaronBastani @K_Niemietz @Odin2001iom @Raffiatim @PeterMcCormack @AndyMcDonaldMP @TimesRadio