Freelance aerospace, defence and tech writer, sceptical observer of economics. #MMT, #JobGuarantee, #ModernJubilee, #JC4PM2019, #BlackLivesMatter, he/him

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Joined February 2009
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🔴 Due to Israel's obstruction of aid, Gaza is experiencing a new state of "famine". To donate 👇👇 gofund.me/017c79c6e
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Peter Donaldson retweeted
Israelis often claim that God promised them the land Weird how often the West accepts this Imagine Western derision if Muslims claimed land because their God promised it to them And, furthermore, many - perhaps most - Israelis are secular Jews, who don’t even believe in God
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Why do shareholders get the rewards when workers create the wealth a company generates? Is it time to rethink just what companies are for and to require that the rewards be shared more fairly? youtu.be/15r28WaimP8?si=oiL5…
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Savages. Look what they are doing to this young Palestinian kid.
🚨 WATCH | Young Palestinian man is being assaulted and humiliated by Israeli forces near Ramallah, West Bank.
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This is brilliant. It resembles the sortition process used by Athens to select decision makers. It is far superior to the narcissism and money dominated popularity contests we currently call democracy.
Sırbistan'da öğrenciler doğrudan demokrasi yöntemini seçim siyasetine taşıdılar. Liderlere dayalı, yukarıdan aşağıya bir örgütlenme yerine, herkesin söz alabildiği öğrenci genel kurulları (plenum) oluşturdular. Kararlar tartışılarak, mümkün olduğunca uzlaşmayla alındı. Bu yöntemi üniversitelerin dışına da taşıdılar. Mahallelerde, kentlerde ve köylerde yurttaş meclisleri (zborovi) kuruldu. İnsanlar kendi sorunlarını tartışmak, çözüm önermek ve birlikte karar almak için toplandı. 250 kişilik milletvekili aday listesini de şöyle oluşturdular: 1- Önce 250 adaylık kontenjanı, öğrenci sayılarına göre altı üniversite kenti arasında paylaştırdılar. Belgrad'ın listeye hâkim olmaması için diğer kentlerin de üst sıralarda temsil edilmesini sağladılar. Ardından her kentin kontenjanını fakülteler arasında dağıttılar. 2- Ülke genelinde 80'den fazla fakültede öğrenci genel kurulları toplandı. Öğrenciler kendileri aday olmadı ama her biri aday önerebildi ve neden o kişiyi önerdiğini açıkladı. İsimler tartışıldı, önce uzlaşma arandı, gerektiğinde oylama yapıldı. 3- Mevcut siyasi kadrolara kapıyı kapattılar. İktidar partilerinin mevcut ve eski üyelerini, iktidar adına görev yapmış siyasetçileri ve bürokratları, muhalefet partilerinin üst düzey yöneticilerini aday göstermediler. Böylece hem iktidardan hem de yerleşik muhalefetten bağımsız bir liste oluşturdular. 4- Fakülteler birbirlerinin adaylarını da denetledi. Önerilen bütün isimler ortak bir listede toplandı ve tüm fakültelerin incelemesine açıldı. İtirazlar öğrenci kurullarında tartışıldı. Adayın elenmesi için kurulların yarısından fazlasının veto etmesi gerekiyordu. Tek bir fakültenin itirazı yeterli değildi. 5- Elenen veya çekilen adayların yerine yedekler getirildi. Böylece profesörlerin, doktorların, bilim insanlarının, işçilerin, sanatçıların ve aktivistlerin yer aldığı 250 kişilik liste ortaya çıktı.
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Peter Donaldson retweeted
Who the fuck are the Board of Deputies to declare The Green Party racist when they turn a blind eye to the mass murder of Palestinians and deny the daily killing of children?Fuck them and fuck Israel !!!
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Peter Donaldson retweeted
"I expected arguments about economics. What I didn't expect was how enthusiastically some people recommended homelessness. Sleep in your car. Get a gym membership... These weren't hypothetical responses. People actually suggested these things... What kind of fucking worldview produces that reaction?"
After reading the replies to my original post, I've learned that some libertarians have a much bigger problem than their understanding of economics. Their complete lack of empathy is fucking astonishing. I suggested that paying half your income in rent because the alternative is sleeping in a freezing car isn't exactly a wonderful example of economic freedom. The responses were an extraordinary collection of lectures about voluntary exchange, personal responsibility, property rights, and why homelessness is apparently just another consumer preference. Here are the five most common arguments. 1. It's voluntary because nobody is forcing you. Apparently, choosing between unaffordable rent and sleeping in your car is the expression of liberty. Sure, nobody is holding a gun to your head. But someone with $500 in the bank doesn't have the same bargaining power as someone with $10 million in property. A decision made under financial desperation is still a decision. That doesn't mean the person has meaningful economic freedom. If your definition of liberty includes celebrating someone's choice to freeze in their car, perhaps your philosophy needs some fucking work. 2. Just move, get roommates, buy a house, or sleep in your car. This was my favorite. One person suggested getting a gym membership so you could sleep in your car and still shower. Others recommended second jobs, roommates, or simply buying a house. Fucking brilliant. But what happens when millions of households simultaneously move somewhere cheaper? Demand increases, and those locations become less affordable unless housing supply expands. What works for one individual doesn't necessarily work for everyone. It's called the fallacy of composition. An entire housing crisis cannot be solved by giving millions of people individual financial advice. Yet apparently, sleeping in a Toyota Corolla now constitutes a comprehensive economic policy. 3. Government regulations and central banks caused expensive housing. This was actually a reasonable argument, at least initially. Restrictive zoning and excessive development regulations absolutely can contribute to expensive housing. But blaming government for every undesirable market outcome is just ideological laziness. Housing prices also depend on incomes, credit conditions, construction costs, land values, population growth, speculation, and investment expectations. Developers build when they expect sufficient profits, not simply because people need somewhere to live. Removing bad regulations can improve housing supply. It doesn't magically eliminate every other economic problem. An economy is an interconnected system, not a fucking supply-and-demand diagram. 4. The landlord provides a mutually beneficial service. Several people argued that rental transactions must benefit both parties because otherwise they wouldn't happen. Yes, someone facing homelessness might prefer paying half their income in rent to sleeping outside. Congratulations. You've established that people prefer shelter to freezing. But that doesn't prove the housing market is competitive, affordable, or producing desirable outcomes. People routinely accept terrible arrangements because their alternatives are worse. Individual rationality doesn't guarantee desirable outcomes for society. The existence of a transaction isn't proof that the economic system is working particularly well. 5. You aren't entitled to someone else's property or labor. And naturally, someone had to start screaming about communism. Apparently, suggesting that people shouldn't have to sleep in freezing cars is now revolutionary Marxism. I support private property, competitive markets, and private enterprise. But supporting capitalism doesn't require celebrating every outcome it produces. Property rights don't automatically guarantee affordable housing, economic efficiency, or an equitable distribution of resources. You can defend private property without treating human suffering as an acceptable demonstration of economic liberty. Now, here's what genuinely disturbed me. I expected arguments about economics. What I didn't expect was how enthusiastically some people recommended homelessness. Sleep in your car. Get a gym membership. Work three jobs. Move away. Stop complaining. These weren't hypothetical responses. People actually suggested these things. Imagine seeing someone struggling to afford shelter and immediately explaining why they should be grateful to their landlord. What kind of fucking worldview produces that reaction? Markets are supposed to serve human beings. Human beings aren't supposed to suffer simply to validate someone's economic philosophy. I'm a supporter of free markets, but I don't believe that requires abandoning basic human empathy. The irony is that people who constantly preach individual liberty seem perfectly comfortable dismissing the economic circumstances that restrict it. If your response to someone facing homelessness is to congratulate them on having the freedom to sleep in their fucking car, perhaps you've spent too much time defending capitalism and not enough time interacting with actual human beings.
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Peter Donaldson retweeted
After reading the replies to my original post, I've learned that some libertarians have a much bigger problem than their understanding of economics. Their complete lack of empathy is fucking astonishing. I suggested that paying half your income in rent because the alternative is sleeping in a freezing car isn't exactly a wonderful example of economic freedom. The responses were an extraordinary collection of lectures about voluntary exchange, personal responsibility, property rights, and why homelessness is apparently just another consumer preference. Here are the five most common arguments. 1. It's voluntary because nobody is forcing you. Apparently, choosing between unaffordable rent and sleeping in your car is the expression of liberty. Sure, nobody is holding a gun to your head. But someone with $500 in the bank doesn't have the same bargaining power as someone with $10 million in property. A decision made under financial desperation is still a decision. That doesn't mean the person has meaningful economic freedom. If your definition of liberty includes celebrating someone's choice to freeze in their car, perhaps your philosophy needs some fucking work. 2. Just move, get roommates, buy a house, or sleep in your car. This was my favorite. One person suggested getting a gym membership so you could sleep in your car and still shower. Others recommended second jobs, roommates, or simply buying a house. Fucking brilliant. But what happens when millions of households simultaneously move somewhere cheaper? Demand increases, and those locations become less affordable unless housing supply expands. What works for one individual doesn't necessarily work for everyone. It's called the fallacy of composition. An entire housing crisis cannot be solved by giving millions of people individual financial advice. Yet apparently, sleeping in a Toyota Corolla now constitutes a comprehensive economic policy. 3. Government regulations and central banks caused expensive housing. This was actually a reasonable argument, at least initially. Restrictive zoning and excessive development regulations absolutely can contribute to expensive housing. But blaming government for every undesirable market outcome is just ideological laziness. Housing prices also depend on incomes, credit conditions, construction costs, land values, population growth, speculation, and investment expectations. Developers build when they expect sufficient profits, not simply because people need somewhere to live. Removing bad regulations can improve housing supply. It doesn't magically eliminate every other economic problem. An economy is an interconnected system, not a fucking supply-and-demand diagram. 4. The landlord provides a mutually beneficial service. Several people argued that rental transactions must benefit both parties because otherwise they wouldn't happen. Yes, someone facing homelessness might prefer paying half their income in rent to sleeping outside. Congratulations. You've established that people prefer shelter to freezing. But that doesn't prove the housing market is competitive, affordable, or producing desirable outcomes. People routinely accept terrible arrangements because their alternatives are worse. Individual rationality doesn't guarantee desirable outcomes for society. The existence of a transaction isn't proof that the economic system is working particularly well. 5. You aren't entitled to someone else's property or labor. And naturally, someone had to start screaming about communism. Apparently, suggesting that people shouldn't have to sleep in freezing cars is now revolutionary Marxism. I support private property, competitive markets, and private enterprise. But supporting capitalism doesn't require celebrating every outcome it produces. Property rights don't automatically guarantee affordable housing, economic efficiency, or an equitable distribution of resources. You can defend private property without treating human suffering as an acceptable demonstration of economic liberty. Now, here's what genuinely disturbed me. I expected arguments about economics. What I didn't expect was how enthusiastically some people recommended homelessness. Sleep in your car. Get a gym membership. Work three jobs. Move away. Stop complaining. These weren't hypothetical responses. People actually suggested these things. Imagine seeing someone struggling to afford shelter and immediately explaining why they should be grateful to their landlord. What kind of fucking worldview produces that reaction? Markets are supposed to serve human beings. Human beings aren't supposed to suffer simply to validate someone's economic philosophy. I'm a supporter of free markets, but I don't believe that requires abandoning basic human empathy. The irony is that people who constantly preach individual liberty seem perfectly comfortable dismissing the economic circumstances that restrict it. If your response to someone facing homelessness is to congratulate them on having the freedom to sleep in their fucking car, perhaps you've spent too much time defending capitalism and not enough time interacting with actual human beings.
Libertarians believe every transaction is voluntary, including paying a landlord half your income because the alternative is sleeping in your fucking car.
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Peter Donaldson retweeted
Frankrikes problem är INTE statsskuldens storlek. I många avseenden är problemet det rakt motsatta. Lärdomen för Sverige av Frankrikes situation är INTE att vår svångremspolitik har tjänat oss väl. Lärdomen är att politiken har varit dålig för Frankrike och är dålig för oss samt att vi ska hålla oss långt borta från euron. Jag utvecklar resonemangen i två artiklar: dagensarena.se/essa/krisen-f… di.se/debatt/frankrikes-prob…
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Peter Donaldson retweeted
💔🆘 URGENT APPEAL FROM GAZA! A powerful storm is approaching, and we desperately need $800 to buy a tent and blankets to protect our children from the cold and rain. 🌧️😢 ⏳ Time is running out… Please help us before it’s too late! 🙏💔 chuffed.org/project/184385 @hsnyldrm1979 @ZionismExposedx
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Peter Donaldson retweeted
Lula vs. Bolsonaro: I was held in solitary confinement for 1,901 days for revealing the truth about the U.S. government's killings and espionage, including against Brazil and its industries. Out of power, Lula fought for my freedom. In power, Lula discussed my persecution with Pope Francis, who decided to meet with my family and offer help. After my release, Lula and I met in Rome to mourn the Holy Father's passing. Lula was kind to my children and asked for nothing in return. In contrast, Jair and Flávio Bolsonaro did nothing and said nothing. Yet without the ability to say no to Washington and Tel Aviv, there can be no domestic policy, only foreign instructions. Those orders are always the same: "Expand our theft of resources and wages, and keep your mouths shut about us murdering children." Sellouts will surrender everything in exchange for a cut, even their own tongues.
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Peter Donaldson retweeted
I would argue that Israeli soldiers are a legitimate target for the occupied Palestinian people, anywhere and at any time. Some would disagree. But Israeli soldiers on duty in the West Bank are a legitimate target beyond any legal doubt. Don't believe old media.
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As long as sustenance can come from killing and stealing resources from a far away land, or some manufactured caricature of some enemy, people are fine pretending they live in a democracy and everything will be ok. They fear what dealing with the system that creates these scenarios means as it brings the fight home instead of "over there, over there"... they turn a blind eye to how impoverished countries can somehow send raw materials to HMS xyz or to the US or to some other Global North entity. When you stop normalizing the evils the system is designed to manufacture, regardless of puppets at the top, you begin to realize that the pathways to change are not going to be found within the systems that create them. It takes courage moreso than knowledge. Though knowledge is the key to opening courage to the possibilities, courage is needed to face the actual demons that will defend the current order.
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Peter Donaldson retweeted
Just one problem; Chris inadvertently linked to an imposter account. Mine is @profstevekeen. A video on this topic is going up tonight (Sunday 25th October)
Excellent insights by @SteveKeenEcon on the systemic flaws behind the current crisis in France and across Europe. His four "heretical" conclusions to end Europe's decline are: 1️⃣ Abolish the Euro and return to national currencies. 2️⃣ Run government deficits to create fiat money. 3️⃣ Use those deficits to fully fund public education and infrastructure. 4️⃣ Restrict private debt—the true trigger of economic collapse. profstevekeen.substack.com/p…
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Peter Donaldson retweeted
"China drags 100s of millions out of poverty while the British left roll over"
In which the General Secretary of the TUC no less, immediately accepts the Tory household framing fallacy, skips into Thatcher’s trap, closes the door on any hope of change and hands the Tory the key. China drags 100s of millions out of poverty while the British left roll over.
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Peter Donaldson retweeted
President Dwight Eisenhower in his farewell address: “We must guard against the acquisition of unwarranted influence of the military-industrial complex. The potential for the disastrous rise of misplaced power exists.” The warning was ignored, and now Washington’s empire stretches around the globe, profiteering off of endless war and destruction. Congress and the Presidency have been bought by the military-industrial complex, and while American cities decline, the military budget balloons, and one war after another is lined up on Washington’s conveyor belt of death.
Andy Schectman: The military-industrial complex has HELD DOWN SILVER prices to build WEAPONS ‘The military-industrial complex, if I had to guess, would be the ones that have held down silver forever. There’s massive amounts of silver in high-tech weaponry, like the Tomahawk cruise missile, like F-35s, like stealth bombers, and it’s not just in the United States; it’s sold all throughout the Western edifice through NATO. They need tremendous amounts of silver. It’s not even about the price getting away from them that they’re concerned about. It’s that rising price creates too much demand. People will run to the assets that are taking off in price. And so they suppress the price in order to build high-tech weaponry. JP Morgan, who paid a $920 million fine to the Justice Department, the largest they ever handed out for manipulating the metals market, somehow is the custodian of the world’s largest silver trust, SLV. There is no question in my mind but that it is the Western military-industrial complex that has tried forever to hold it down.' -Andy Schectman, President & CEO of Miles Franklin Precious Metals, on the latest episode of New Order. Watch the full interview in the quoted post below. 👇 @MilesFranklinCo
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Peter Donaldson retweeted
Keynes' General Theory may contain some dated concepts, but from cover to cover, it's still the greatest book on macroeconomics ever written. Not because everything in it is correct, but because it forces you to fucking think. Which probably explains why libertarians hate it.
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Peter Donaldson retweeted
1. New on MMT101: With Respect, Prime Minister – It’s Never About the Money What insulating homes and tackling pensioner poverty tell us about the real limits of government spending If you asked me ‘what is the most valuable lesson that Modern Monetary Theory has taught you’
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