Jacques Riverain

Jacques Riverain

@jacquesriverain.bsky.social

Pas de messages privés stp. Sauf si tu veux me donner des thunes ! MMT depuis 2009. Haltérophile à l'ancienne. J'aime les chats.

431 followers228 following6.8K posts

Pinned

1. This platform is full ofposts (primarily from U.S. citizens) about wanting 'healthcare paid for with taxes'. The desire is good and just, but the claimed mechanism is false. It simply plays into neoliberal narratives. How so? See below:

Here's why the Israeli elections are trivial: "Eisenkot takes a broadly similar position to Netanyahu on Gaza, and has pledged to end Hamas rule in the territory within 18 months, through a US-led peace plan or, if necessary, military means."

Interesting how the Green Party centrists - who looked radical before an actual radical came along - quickly start pressing the 'resign' button for Polanski. And over a motion which stated the truth.

Just initiate a job guarantee you neoliberal numpty. 'Matching' people to employers is just a silly idea paying employers to take on employees. Do a JG and they'll soon be competing for employees, as the economy develops. www.bbc.co.uk/news/article...

bbc.co.ukBest thing we can offer young people is a job, not benefits, says chancellorJohn Healey's speech comes ahead of next month's Budget, as he faces pressure to bring down government borrowing costs.

The Westminster thickos meets the BBC 'economics' thickos to produce this misinformation. Imagining govUK 'borrows' its spending source. In reality treasury/BoE has the power to drive down bond yields... See next post: www.bbc.co.uk/news/article...

bbc.co.ukBurnham pressed on economy at first PMQs as borrowing costs surgeThe PM said his government would be "grounded in fiscal responsibility" as he faced Kemi Badenoch at Prime Minister's Questions for the first time.

Bond markets only operate under conditions set by govt. This is a govt allowing markets to set yields. No competent CB will allow yields to be driven to unmanageable levels. In any case the framing that this means govt is doomed to taking out costly loans is fictional. GovUK is not funded like that.

Even conservative Winston Churchill understood that 'money cost' is nonsense. From his 1929 book: 'The World's Crisis: The Aftermath: "A requisition, for instance, for a half-million houses would not have seemed more difficult to comply with than those we were already in process of executing...

for 100,000 airplanes, or 20,000 guns, or 2,000,000 tons of projectiles. But a new set of conditions began to rule from 11 o’clock onwards [November 1918 when the first world war officially ended]. The money cost, which had never been considered by us to be a factor capable of limiting the supply...

...of the armies, asserted a claim to priority from the moment the fighting stopped." Or in other words, there seems always to be money for waging war, yet almost never for waging national prosperity in peacetime. Even though the mechanism is exactly the same.

Prosecutor on Mangione case says: ""There can be no celebrity in assassination.." ..."Thompson's family "has been grieving for two years". "We live in a civilised society. We do not commit murder.” But is denying care for profit, to millions who pay insurance premiums, 'civilised'?

An AI walks into a bar and says to the bartender, "I'll have what everyone's having."The bartender looks around at the empty bar and says, "You sure? Because that would be nothing."The AI replies: ...

..."Perfect, I've been trying to understand the concept of nothingness. How much do I owe you?" The bartender, amused, says: "For nothing? That'll be zero dollars." The AI promptly says, "Excellent, now I understand both nothingness and human generosity."

The 50,000 who arrived in Ceuta yesterday, which is really north Africa, have mostly left. Spain moans that 'it was ours in the 16thC..' Yes, because the Portuguese (45,000 invaders) took it from Berbers and later united with Spain under Phillip II. Colonialism. You know, like Gibraltar.

Jacques Riverain reposted

Just loving how John Cleese, now reduced to one of his own caricatures, rages about immigrants coming to the UK and failing to accept "our" culture, from his home in ... (checks notes) ... Nevis in the Caribbean.

Burnham thinks youth unemployment is solved by 'training'. It's Thatcher talk. Vocational training is a good thing, the university route expansion has failed, but the article (below) itself throws up clues. With firms complaining about not being able to offer a tiny minimum wage to young workers...

View full thread

long-term unemployment and slow recovery. Which is the actual generational loss. By all means train the youth to do useful jobs, but if you send them into a NAIRU economy it's a waste of time & investment. Govt should first be operating a job guarantee to both reform the economy and immediately...

take-up wasted capacity for socially useful employment. Which also increases household spending power in an anti-inflationary manner, putting a price floor on wages, and eliminating much 'welfare' spending. That is the sort of economy to send a workforce into. www.bbc.co.uk/news/article...

bbc.co.ukSchools to offer technical subjects to pupils from age 14, Burnham saysThe government wants pupils to take courses like AI and manufacturing which are linked to local jobs.

Burnham thinks youth unemployment is solved by 'training'. It's Thatcher talk. Vocational training is a good thing, the university route expansion has failed, but the article (below) itself throws up clues. With firms complaining about not being able to offer a tiny minimum wage to young workers...

Burnham's policy is Thatcher-lite because it too assumes the only way to reduce any unemployment is to bend policy to demands of the private sector. On the assumption that it alone determines and invests in actual employment. A system where in fact government ends up subsidising low wages...

..with working tax credits, which is also 'welfare'. Thatcherism/Austrian nonsense assumes aggregate demand collapses are solved by cutting business taxes hoping they take on employees to recover production. While govt restricts spending. It has never worked, it never will. It leads to drawn-out...

DNB denk 'internationaal investeerders' de oplossing zijn voor huurwoningen. Jaren 80 1,8% bbp in de woningbouw, nu maar 0,1%. Wat is er gebeurd tussen toen en nu? Oh ja, de euro en ingebouwde begrotingsregel. Waanidee dat private sector investeert in sociale voorzieningen. nos.nl/artikel/2623...

nos.nlDe Nederlandsche Bank: grote investeringen nodig voor bouw huurwoningenVolgens DNB moet het investeringsklimaat flink worden verbeterd om de bouw van huurwoningen aan te zwengelen.

De EU richt zich op markten en reageert op wat het bedrijfsleven wilt. 'Nudge theory' om het bedrijfsleven ertoe aan te zetten 'beter te investeren' en 'groener te worden'. Het uiteindelijke doel van het kapitalisme is winst, en alles wat dat in de weg staat is ongewenst. nos.nl/artikel/2623...

nos.nlWisselende reacties op EU-klimaatplannen: van 'zwarte dag' tot 'realistischer'In het bedrijfsleven overheerst voorzichtig optimisme, terwijl milieuorganisaties vernietigend zijn over Hoekstra's hervorming van het klimaatbeleid.

"Reeves backs Burnham to become next prime minister" Another poison chalice. And this: "Reeves emphasised the importance of the next leader sticking to her fiscal rules...the public must be left in no doubt about the party's commitment to fiscal discipline." www.bbc.co.uk/news/article...

bbc.co.ukRachel Reeves backs Andy Burnham for prime ministerThe chancellor throws her support behind the MP for Makerfield despite reports he could demote her if he becomes PM.

Streeting says he 'backs' Burnham. Poison chalice that one. Brnham will have the right-wing of the party 'rallying round' making sure he sticks to the main script. Probably won't be that much of a struggle.

Sir 1990s neoliberal cretin is back with an 'essay' about how Labour isn#t being neoliberal enough. Not rolling out the red carpet for 'business'. Raising minimum wages. This economic dunce is most of the reason why the party is where it is now. www.bbc.co.uk/news/article...

bbc.co.ukLabour has 'no coherent plan' for country, says former PM BlairThe ex-Labour PM says Sir Keir Starmer's government is in the "wrong position" ahead of the next election.