Retired Physics graduate, worked in the military-industrial complex. #YesBecause we need democracy to remove poverty and Trident. #Edinburgh #ScotRef #MMT

Edinburgh
Joined April 2014
A reminder, and since you won't see this anywhere else, it's worth repeating. Wait to the end -
Great to hear #ScottishPatientSafetyProgram praised by leading Swedish expert in WM Health Committee. Introduced in 2007 - safety program cut hospital & post surgical deaths + complications such as pressure sores, sepsis, wound infections, etc. Well done #NHSScot staff!👏👏👏
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George S Gordon retweeted
This story is not getting enough attention, even though it is a dark portent of the political repression on the horizon all around the NATO bloc. Five activists who damaged an Elbit Systems site in Ulm, Germany, are facing harsher treatment than the Reichsbürger, a far-right group accused of attempting to overthrow the German state by force. The two trials are being held in the same building. The Ulm5 are held in a maximum-security prison, marched into the courtroom in handcuffs, and seated behind bulletproof glass two meters tall. On day one, the judge switched off the microphones of the defence’s legal team, and has since repeatedly refused to hear their evidence and expert witnesses, while rejecting a motion for an independent stenographer to keep a record of the proceedings. The only written record of the trial is the judge's. Meanwhile, the Ulm5 all remain in prolonged detention — with stints in solitary confinement. The prosecution is seeking to argue that the attack was antisemitic in nature, as Elbit Systems is a “Jewish-owned company” and therefore the “baby killers” graffiti drawn by the activists amounts to blood libel. The case sets a chilling precedent for any actions taken against German militarism, and no doubt forms part of a wider arc of repression that now extends from Britain to Italy. That is why the activists’ call for international solidarity and support is so urgent.
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George S Gordon retweeted
My fab daughter Alex has just won a Leverhulme Prize. Her forensic analyses of illicit markets, freeports and special economic zones are on the cutting edge of a criminology coming of age to produce the most revealing insights into the global economy. northumbria.ac.uk/about-us/n…
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Replying to @rorybroomfield
In 1948 it was about 250% (oh, the same as Japan nowadays) yet we nationalised utilities and created the NHS. The ratio is meaningless. What matters is what the deficit is spent on, who benefits and who gets rich. The outcomes are the important, not the money.
It’s not true what the grocer’s daughter said. This may be a shock, but there’s no such thing as “taxpayer money”. She lied. There’s only government money, and if government doesn’t spend enough money into the economy, taxpayers don’t have money to pay taxes. Or live on.🧵👇
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George S Gordon retweeted
The utilities (including energy generation and supply) need to be publicly owned, with the infrastructure financed by the UK government.
Energy companies have extracted profits of £500bn since 2020, and every household pays an average of £50 extra a month on energy bills for their profit margin But rather than deal with the structural issues with our rigged economy, all Labour offers is gimmicks and pennies
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George S Gordon retweeted
"The fiscal rules say we can't." Budget day, so expect it. The rules are a political choice made at Westminster. Real resources are the limit. Build your answer in Argument Builder. #MMT #UKGreenParty #Economics #UKPolitics mmtaction.com/defend/argumen…
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George S Gordon retweeted
Well put.
En efecto, el banco central del Reino Unido controla a voluntad su prima de riesgo. En pandemia la controló para poder expandir el gasto sin problemas. En 2022 la dejó subir para disciplinar a Truss. Y ahora la está controlando para ayudar a Burnham. Pero oye, te seguirán diciendo que el poder lo tienen "los mercados"...
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George S Gordon retweeted
Talking about the budget like it's the weekly big shop at Tescos. 🤦‍♂️
Every Little helps ❤️
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George S Gordon retweeted
What most people already understand, even without the economic terminology, is that firms like BlackRock operate less like investors and more like modern feudal landlords. These vultures buy essential infrastructure,water networks, ports, energy grids, data centres, and other public necessities, often using vast amounts of borrowed money and paying prices that ordinary market participants cannot match. Once the acquisition is complete, the debt is pushed onto the acquired company itself. The result is simple: the public start paying. Consumers repay that debt through higher water bills, rising energy prices, increased fees, and declining service quality. The infrastructure becomes a real cash-extraction machine. Profits flow upward to the shareholders and executives, while the financial burden flows downward to ordinary households. When the model inevitably breaks down, the consequences are socialised. Communities are left with crumbling infrastructure, polluted rivers, and failing services. Thames Water in the United Kingdom with a £14 billion debt mountain and repeated sewage scandals is a stark example of what happens when financial engineering takes precedence over public stewardship. The executives who loaded the company with debt have already collected their bonuses. The investors have already taken their returns. And when the system finally reaches breaking point, taxpayers are expected to pick up the bill. 🔴Privatise the gains. 🔴Socialise the losses. That is the business model........
Not a single new water reservoir has been built since Water Privatisation in 1989, despite UK population growing from 57 million to 69.5 million. Failed state. Westminster betrays its citizens to enrich unaccountable offshore private equity.
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George S Gordon retweeted
This is how our disgusting snake of a PM reacted when the presenter said “you’ve just spooked everyone saying stockpile.” (I don’t care if you view those who chose to stockpile as fools. This isn’t the debate. The issue is this utter disgrace of a PM and his cronies deliberately promoted the idea, simply to play with people. As if it’s all a game to them.) You can’t push survival kits and 3-days worth of supplies, and then smirk when you’re told that you’ve spooked people. I get it’s Halloween season, and this ghoul plays his own version of trick or treat. It’s called trick or trick.
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George S Gordon retweeted
Typical bollocks from Lacalle. MMT does not say any such thing.
MMT tells you a monetarily sovereign nation can issue all the currency/debt it wants and nothing will happen, claiming that currency and market volatility can easily be eliminated by cancelling the capital account. This nonsense can only be promoted by someone that does not understand that the currency collapse and creditworthiness slump are driven by domestic citizens and savers rejecting the local currency; it is not an evil conspiracy of foreign investors. Furthermore, no nation is monetarily sovereign. It always depends on demand. Try to force use or restrict flow, and the currency is worth nothing. And local citizens are the first to reject an increasingly worthless currency issued by an irresponsible government. You are welcome
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George S Gordon retweeted
🚨An Israeli Woman Has A Mental Breakdown Over Arabs Showing Up To Vote Israelis are crashing out on social media because of the Palestinian Citizens of Israel voting in historic numbers, which has prompted Israelis to go into a meltdown & claim that “our country is being stolen from us”.
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George S Gordon retweeted
Israeli journalist: "You are both first time voters. What are you voting based on?" Israeli voter 1: "I don't want there to be Arabs in the county." Israel voter 2: "Me neither." Background: 56% of Israeli Jews want to expel all 2M Palestinian citizens of Israel, and 82% of Israeli Jews want to expel all Palestinains in Gaza to other countries. haaretz.com/israel-news/2025… Turns out, for some voters, it is the only issue they care about: creating an Palestinianrein Israel the same way the Nazis created a Judenrein Germany. source: instagram.com/reels/DfAdZBDB…
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George S Gordon retweeted
"This is the first Israeli election since the Hamas attacks of 2023" the BBC tell us, missing out the small matter of an Israeli-perpetrated genocide in the interim. That's like billing the 1949 German federal election as "the first since the Reichstag fire".
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George S Gordon retweeted
David Graeber's Debt: The First 5,000 Years is a better contribution to our understanding of money, and debt than anything Carl Menger wrote. I understand this is deeply upsetting to Austrian Economists, but anthropology doesn't give a fuck about your origin myths.
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George S Gordon retweeted
This is the Japanese Puffer Fish - one of #nature's greatest artists. To grab a female’s attention, he creates something that defies belief. Nature is more amazing. Protect it. #ActOnClimate #climate #energy #rewilding #biodiversity
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George S Gordon retweeted
As 'UK plc' continues to decline, an independence movement committed to countering the stranglehold multinational corporations have on our economy and key industries such as energy and banking, can advance significantly, writes Colin Fox ✍️
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George S Gordon retweeted
The entire Financial Times editorial board has published a piece urging Lula to cut government spending and appoint a finance minister who enjoys the confidence of investors. I get the impression that the FT editorial board has never opened an economics book other than some outdated introductory macroeconomics textbook, perhaps something by Mankiw. Otherwise, it's hard to explain such astonishing arrogance and economic ignorance. Lula and the Brazilian people have absolutely no reason to bow to the demands of financial markets. Brazil is Latin America's largest economy, a major regional power, and a country with a high degree of monetary sovereignty. Around 97% of the central government's debt is denominated in its own currency, the Brazilian real. The relationship between the state and financial markets is therefore nothing like the FT portrays it. Brazil is not dependent on financial markets. On the contrary, financial markets depend on government spending, which creates financial assets for the private sector, while government debt denominated in the national currency is one of the instruments through which those assets are held. What Brazil needs is not capitulation to financial markets, but an independent economic policy focused on expanding production, creating jobs, and improving people's living standards. Armed with the insights of heterodox economic theory, Brazil has the potential to show the world what a genuine economic miracle looks like. ft.com/content/79785581-88c2…
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George S Gordon retweeted
1/11 The FT prescribes austerity for Lula to reassure markets. But financial confidence is not synonymous with development. Who decides what counts as “responsible” economic policy? Brazil has a mature intellectual tradition ready to challenge that premise. 🧵🇧🇷
The entire Financial Times editorial board has published a piece urging Lula to cut government spending and appoint a finance minister who enjoys the confidence of investors. I get the impression that the FT editorial board has never opened an economics book other than some outdated introductory macroeconomics textbook, perhaps something by Mankiw. Otherwise, it's hard to explain such astonishing arrogance and economic ignorance. Lula and the Brazilian people have absolutely no reason to bow to the demands of financial markets. Brazil is Latin America's largest economy, a major regional power, and a country with a high degree of monetary sovereignty. Around 97% of the central government's debt is denominated in its own currency, the Brazilian real. The relationship between the state and financial markets is therefore nothing like the FT portrays it. Brazil is not dependent on financial markets. On the contrary, financial markets depend on government spending, which creates financial assets for the private sector, while government debt denominated in the national currency is one of the instruments through which those assets are held. What Brazil needs is not capitulation to financial markets, but an independent economic policy focused on expanding production, creating jobs, and improving people's living standards. Armed with the insights of heterodox economic theory, Brazil has the potential to show the world what a genuine economic miracle looks like. ft.com/content/79785581-88c2…
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George S Gordon retweeted
You guys don't even know basic accounting
Have you been struggling under Labour? It's about to get worse. Tomorrow they will increase your taxes and drive your energy bills through the roof. Only Reform UK's 64 measures will save Britain's economy and put more money in your pocket.
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George S Gordon retweeted
Perhaps the UAE's candidate for UN Secretary-General Lana Nusseibeh "could begin by explaining why her own government has been repeatedly implicated in helping fuel the genocidal catastrophe in Sudan." My latest piece for Zeteo on a big scandal at the UN: zeteo.com/p/the-uae-helped-f…
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