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“The one thing that can stop the rise of the far right is the one thing mainstream parties are currently not prepared to deliver: greater equality. The rich should be taxed more, and the revenue used to improve the lives of the poor. However frantically centrist parties avoid the issue, there is no other way.” (George Monbiot)

Of course, it’s only come to this due to the lack of #taxReform , progressive social #legislation , and #FinancialRegulation action from all govt since the 2008 #GFC . #Neoliberalism ,#CorporateCapitalism and #Globalisation have been left unfettered to carry on this foolish race to the bottom.

#Fascism #RWNJs #Authoritarianism #PopularPolitics #Oligarchy

Source: theguardian.com/commentisfree/?

The Guardian · Rightwing populists will keep winning until we grasp this truth about human natureBy George Monbiot

1/ #MAGA bros are crowing about the 2nd highest single day Nasdaq stock market gains in history. It's worth remembering that:

1. the 1st, 4th, 7th, 8th, and 10th largest single day Nasdaq gains came during the dotcom crash.

2. the 3rd and 5th largest single day gains came in the middle of the 2008 financial crisis.

3. the 6th and 8th (tied) largest gains came during the covid panic in 2020

In other words all 10 of the highest gaining days in Nasdaq history, with the possible exception of today which is still TBD, came during major long term market crashes.

Massive market moves like this are in no way a sign that markets are healthy and performing their societal function. In fact quite the opposite - massive moves up are historically almost always a symptom of the disease of speculative mania refusing to accept reality (“buy the dip!!!!”).

The United Kingdom faces a steep climb out of a deep hole.

Food shortages, moldy apartments, a lack of medical workers: The UK faces a perfect storm of struggle, and millions are sliding into poverty. There is little to suggest that improvement will come anytime soon.

Last week the IMF forecast that in no other industrialised nation would the economy develop as poorly as in Britain. Even Russia is expected to end up ahead.

spiegel.de/international/europ

The United Kingdom faces a steep climb out of a deep hole.

Food shortages, moldy apartments, a lack of medical workers: The UK is facing a perfect storm of struggle, and millions are sliding into poverty. There is little to suggest that improvement will come anytime soon.

Last week the IMF forecast that in no other industrialised nation would the economy develop as poorly as in Britain. Even Russia is expected to end up ahead.

spiegel.de/international/europ

DER SPIEGEL · Britain in Crisis: The UK Faces a Steep Climb Out of a Deep HoleBy Jörg Schindler