The basic fact is that even in Europe, monetary policy has avoided any genuine intervention to the neoliberal model, which continues as wealth extraction from society to the rentier classes and now just incorporates climate change as further leverage to this process

#shareholdercapitalism

Christine = #shareholdercapitalism

The regulatory system is absolutely non-existent, and when it is, it is shareholders themselves who are adjudicating. It is regulation-free (derugulated) and as a consequence the financial industry are essentially the main, primary, number one driver of climate change

#shareholdercapitalism

Impossible to ignore: the ECB have no interest in lowering inflation if the only response to inflation is to raise interest rates and therefore profits

Another report explaining precisely this, actually funded by DG ECON

#shareholdercapitalism

www.europarl.europa.eu/RegData/etud...

..the most strategic, direct strike against #shareholdercapitalism, #financialisation and all the other falsehoods that need to be stood up against.

I know monetary policy is the key lever in tackling the approaching the €2.5-3 trillion in annual costs the EU is going to face by 2050

It's ludicrous to talk about the transition without a singular focus: monetary policy is the sole lever directing investment away from renewables

#shareholdercapitalism

Climate change is going to cost €2.5-3 trillion per year by 2050. This is just about 10-12 % of EU GDP?..

Part Two here: bsky.app/profile/dani...

#shareholdercapitalism

Climate justice is fixing monetary policy. We are trying to swim up a waterfall.

In the EU27, climate impacts will cost €2.5-3 trillion per year by 2050

#shareholdercapitalism

You've got totally the wrong end of the stick. The entire financial industry is a subsidy to fossil shareholders. There is *absolutely no point* lying about it

#shareholdercapitalism

Your €200 billion annual adaptation cost gets a mention here; but we are still heading for total apocalypse in the EU as elsewhere

More people who know the better

#shareholdercapitalism

The EU monetary system is a subsidy to fossil shareholders

That's all it is.

#shareholdercapitalism