
@HermanZeGermani
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Neverland
Joined March 2009
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cookiesnrap 🇪🇺 retweeted
Le Pen is not Meloni. France is not Italy
Those drawing simplistic parallels risk underestimating how disruptive a Le Pen presidency would be — for France, the EU, and wider geopolitics
cookiesnrap 🇪🇺 retweeted
The ugly truth about France and some of the other European countries currently in turmoil - and which none of the politicians want to admit because it'd be political suicide - is that you can't solve the problem by going after immigrants (as the right asserts) or the rich (as the left asserts), but you could solve it by going after the old.
One extraordinary statistic for you: people over 60 in France, a quarter of the population, own 60% of France's wealth, non-financial and financial (ofce.fr/pdf/revue/2025/3-192…).
And here is another crazy statistic:
that same quarter of the population, those above 60, receive nearly two-thirds of all social spending by the French government (previssima.fr/actualite/prot…) - which is famously among the highest in the world (France's government spending is an insane 57.3% of GDP).
Last statistic: they make up about 40% of voters because they're a third of registered voters (insee.fr/fr/statistiques/266…), and they turn out far more than anyone else (franceinfo.fr/elections/sond…).
Put our 3 statistics together and there's almost a bit of an apartheid situation here: the old own most of the country's wealth, collect most of the social spending and have the political power to keep it that way.
Which makes them a de-facto rentier class, living off assets and transfers paid for by younger generations.
And, of course, at the risk of stating a truism, the future is built by the young. Yet France keeps effectively taking money away from them to give it to those whose working lives are already behind them - and need the money far less since they already own the country's wealth.
What about inheritance, I hear you ask? That's the funniest/saddest aspect: given that life expectancy has kept rising, the French now inherit a home at 54 on average. The most common case is someone in their 80s leaving it to heirs in their 50s, in effect the very old transferring wealth to the about-to-be old (insee.fr/fr/statistiques/fic…).
You can add this to our earlier apartheid statement: on top of all the rest, even when the old finally let go of their wealth, it stays within their own "camp".
That's my personal situation, incidentally: I'm 42, my father is 71 and he is starting to look at ways to pass things on to me and my siblings, when our professional lives are already well settled, so it'll arrive when it changes things the least, which is pretty much the French system in a nutshell.
Now, I get that there'd be some unfairness in going after them: they paid into the system their entire working lives, playing by the rules of a social contract that told them if they paid up they'd collect at the end. Changing the rules now means breaking that promise, which is admittedly unfair.
But there's no magic wealth tree in any society: you can only take it where it is. That's the way most major societal transformations end up happening. They're often triggered by a catastrophic event (the so-called "four horsemen": mass-mobilisation war, revolution, state collapse, plague) BUT what really drives change is a transfer: wealth gets pried from the privileged class who've been sitting on it and handed to those who'll build what comes next.
So, in theory and in an ideal world, you can do without the catastrophic event and directly proceed with the transfer...
The fact that in France, and elsewhere in Europe, it's the youth protesting is probably no coincidence - even though they don't frame it as a generational fight. And even though, cruel irony, the left politicians many of them march behind promise to bring the retirement age back to 60 (lcp.fr/actualites/legislativ…), which would make the situation even worse.
Let's say they understand intuitively that the system is stacked against them, even if they haven't yet figured out how. And politicians are obviously doing what politicians do, meaning pandering to the people who actually vote, while pointing the young towards easier - and politically convenient - scapegoats.
To be clear I'm not saying it's the only problem in France, VERY far from it. I'm also not saying that all old people in France live a lavish lifestyle at the expense of younger generations: there are also plenty of very poor retirees who, if anything, would deserve more.
What I am saying is that it's probably the biggest elephant in the room: everyone can see it, nobody dares mention it - no politician, from any side, wants to run on cutting grandma's pension - and it makes every other problem harder to fix.
cookiesnrap 🇪🇺 retweeted
Adenauer and De Gasperi were neither leftwing nor French. Spaak was a Socialist but not French. Jan-Willem Beijer who created single market was rightwing Dutch Protestant banker. Robert Schuman and Jean Monnet were French but not leftist. None were aristos. Otherwise, good points
Replying to @KuperSimon @FT
The EU was established by left wing, French, aristocratic, Catholic, intellectually superior politicians and civil servants.
Most Brits have problems with at least 4 of these 5 'gifts'.
cookiesnrap 🇪🇺 retweeted
Some of those poor buggers will have watched Van Basten and Gullit in the flesh every week and now they're in a crowd of 400 drifting through a retirement village in the rain to see their team go down 3-0 to Bournemouth.
cookiesnrap 🇪🇺 retweeted
Actor describes 'abysmal racism and homophobia' he faced in Chichester ift.tt/e086ywc
cookiesnrap 🇪🇺 retweeted
Since the American President announced the energy ceasefire a week ago, Russia has deliberately attacked Ukraine’s energy and oil and gas sectors 76 times. Last night alone, there were strikes on substations in the Vinnytsia, Zhytomyr, Khmelnytskyi, and Odesa regions. Tens of thousands of families remain without power. Energy workers and repair crews are working virtually around the clock to restore electricity supply. Overnight, the Russians also struck residential buildings in our regions. As of now, 12 people have been reported injured, including two children. Two people have been killed. My condolences to their families and loved ones. This morning, there was a strike on an agricultural enterprise in Volyn. All necessary services are working at the site.
In total, over this past week, the Russians have attacked Ukraine with almost 2,700 attack drones, 1,700 aerial bombs, and 66 missiles, most of them ballistic. The main targets of these strikes are energy facilities – the Russians are trying to cause a blackout. And America should see that Russia is not taking any reciprocal steps in response to sanctions relief or agreements. On the contrary, they take every signal of an opportunity to make money as proof that their bet on war is paying off and they can keep fighting. It is because of this position of Russia’s that the war continues, not because Ukraine is rightfully defending itself. It is Russia that must face pressure for peace to have a chance. Thank you to everyone who understands this and helps.
cookiesnrap 🇪🇺 retweeted
West Coast ‘96 available on all streaming platforms! Much love to everyone who purchased on iTunes 🫡
cookiesnrap 🇪🇺 retweeted
“Hello and welcome to Newsnight. Tonight, we’re joined by Faiza Shaheen, director of Tax Justice UK. Faiza is an economist and a Visiting Professor of Practice at the London School of Economics. Faiza’s previous roles include Program Head for the Inequality and Exclusion Grand Challenge of the Pathfinders for Peaceful, Just and Inclusive Societies at the Center on International Cooperation at New York University, Director of the Centre for Labour and Social Studies, Head of Inequality and Sustainable Development at Save the Children, and Senior Researcher at the New Economics Foundation. Faiza holds a PhD and MSc from the University of Manchester and a BA in Philosophy, Politics and Economics from St John’s College, Oxford University.
She is the author of a range of materials and publications covering the most salient social and economic debates of our times, including inequality, austerity, immigration, and social mobility. Faiza has over 15 years of experience researching the trends and consequences of inequality, as well as designing policies and campaigns to address the causes of inequality and exclusion. Her book, ‘Know your place: How society sets us up to fail and what we can do about it’ was published in July 2023 by Simon & Schuster.
To speak over her, we’ve invited Winston Marshall, a podcaster and former member of Mumford and Sons.
We hope you enjoy the programme.”
"If you want to lift up the poor, you have to create wealth."
"How's that going?"
Podcaster and former Mumford & Sons member Winston Marshall discusses taxes with economist and Green Party supporter Faiza Shaheen.
#Newsnight
cookiesnrap 🇪🇺 retweeted
This bad faith politics that seeks to erase history is incredibly disingenuous and is a perfect example of why we are where we now are. Flip flop short term policies to feed an audience seeking simple solutions and to satisfy funders rather than build a long term strategy 🧵
In a bad year, this past week has been a standout shocker for NESO with *£50m* being spent in just one day (yesterday) to balance the grid. Today it was upwards of £20m.
Balancing the grid today is much harder than it used to be…due to our increased reliance on intermittent renewables BUT it shouldn’t be this bad…pleading with France for energy and paying extortionate amounts to keep the lights on. The modelling is so wrong - and this was a quiet and warm week!
NESOs leadership have serious questions to answer- and we also await the report into what exactly happened in June as the country came close to blackouts.
-
Questions over power supply as Neso faces ‘unprecedented’ turmoil
thetimes.com/article/818ae56…
cookiesnrap 🇪🇺 retweeted
UMG, Sony, and Warner are no longer venture capital firms, they are Pension Funds. They buy and sell music bonds to investors. They aren’t in the business of betting in smaller artists anymore.
This isn’t about race. This is about the commodification of popular culture.
They have 40 odd charges for hiding information and literally stopping the auditors from investigating them.
If the evidence was so clear they wouldn't have spent 4 years cloaking everything.
They are, without question, the worst thing to ever happen to British sport.
Manchester City’s claim to have “irrefutable evidence” that will overturn their guilty verdict on appeal is based on a trove of emails, letters and bank statements.
A re-examination of Abu Dhabi government documents, receipts and testimony from 24 witnesses – all of which the club believe were wrongly dismissed at the original hearing – will be central in attempts to force a full or partial acquittal or retrial, according to people familiar with the case.
@Tom_Morgs breaks down City's 'irrefutable evidence' ⤵️
telegraph.co.uk/football/202…
cookiesnrap 🇪🇺 retweeted
Also deeply odd that the people’s club from the socialist city of Manchester met its modern day soulmate last night: a fellow PR project from a monarchy state built on indentured labour. Me and you against the world baby. No one else gets us
Man City: the project has finally become interesting. Drastic measures perhaps. But the content, well…
theguardian.com/football/202…
cookiesnrap 🇪🇺 retweeted
“A victory for football.”
Nice to see Pep Guardiola have a front row seat to watch the nation state who destroyed French football demolish the nation state who cheated the Premier League for a decade.
Europes most soulless fixture.
cookiesnrap 🇪🇺 retweeted
🚨📺 The way Kate Abdo introduced Micah Richards on CBS Sports... 😂💀
"For now, he is still a Premier League and FA Cup winner... until he has to mail those winners medals back to somebody at Stoke City or Manchester United." 💀

































