Mastodawn

Liam Byrne has a good line on populism:

'Populism today is not simply a movement of grievance. It is a venture, with investors and revenue models. It thrives on the same forces that have reshaped global finance: speed, scale, opacity and the monetising of volatility....

[And] they are incentivised to keep countries in a permanent state of agitation. When volatility becomes the product, calm becomes the enemy'!

Populism is essentially disaster capitalism

#Populism #politics
h/t FT

Show thread

TenPastTwo

@ChrisMayLA6 absolutely this. It all started turning dark when there was more money to be made in the froth on top of the beer than the beer. When capitalists made money via classical businesses that employed people and delivered stuff there was some (although always over played) overlap between what was good for a nation and for business. Once the money was mostly made in the froth, the volatility of markets, then there became zero overlap with the good of a nation.