Julian Price @hools

The intellectual case against Marxism was won more than a century ago. The most rigorous and devastating blows came from the Austrian School of economics – but the strange part is that hardly anyone is taught the winning arguments. Carl Menger’s subjective theory of value, developed in the 1870s, undermined the labour theory of value on which Marx built his entire system. Eugen von Böhm-Bawerk then delivered a systematic demolition of Marx’s economics, exposing the contradictions in the theory of surplus value and the so-called transformation problem. Ludwig von Mises went further still, demonstrating that rational economic calculation is impossible under socialism because without private property and market prices there is no way to allocate resources efficiently. Friedrich Hayek later extended this into the knowledge problem: the information required to run a complex economy is dispersed and cannot be centralised. And Murray Rothbard showed how Marx misunderstood the nature of capitalism by replacing voluntary exchange and entrepreneurial creation with a false theory of exploitation based on labour value and class conflict. These were not minor objections. They struck at the theoretical foundations of Marxism and, in the case of Mises and Hayek, correctly predicted the chronic waste, shortages, and eventual collapse of socialist economies. History confirmed their arguments on a civilisational scale. Yet in universities, media and political debate, these critiques remain marginal. Marx is still widely taught as a serious economist and social theorist. His errors are softened, historicised, or treated as interesting starting points. The Austrian responses are rarely given equal weight. Students can pass through entire programmes in the social sciences without encountering Böhm-Bawerk’s critique or Mises’s calculation argument in any depth. This neglect is not accidental. It reflects a deeper intellectual preference for theories that pathologise markets and legitimise expanded state power. The result is a public discourse that continues to recycle Marxist categories long after their economic foundations were shown to be unsound. The cost of that selective memory is still being paid.

This is what happens when you build windfarms KNOWING the output can't be used All because of an idiotic policy called "Connect & Manage" Literally £billions of OUR money wasted because these costs go on the bill This has to stop. @UKLabour needs to stop encouraging windfarms to start up unless at least 90% of the output can be used Right now we're connecting windfarms like Seagreen. That opened in October 2023... In 2024 67% of its output was curtailed In 2025 it was 75% That's right. 3/4 of the output of Seagreen was literally thrown away last year. Except we didn't just throw it away, we bought it first and then threw it away Total. Waste. Of. Money @AndyBurnham says he cares about the cost of living... Prove it... Stop forcing us to buy electricity that can't be used @Miatsf @mgshanks @ClaireCoutinho @AndrewBowie_MP @griffitha @NJ_Timothy @TiceRichard @DavidGHFrost @mattwridley @cmackinlay @ColinMoynihanUK @Iromg @AllisonPearson @MerrynSW @EdConwaySky @mattotele @jonathan_leake @afneil @julietsamuel @ofgem @energygovuk

Robin Hawkes @robhawkes

2 months ago

F***ing hell. Even if we take the NESO position that 60% of costs are related to thermal constraints (ie. Scotland boundary limits) that's still a metric shit load. We're already about to hit £1,000,000,000 in costs in 2026 so far, yes a billion…

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And you’re succeeding. Clean energy is creating good jobs in every postcode in China.

Miatta Fahnbulleh @Miatsf

2 months ago

81% of the public believe that renewables are a good thing and support them. The transition to clean energy is the right choice for Britain. We have to bring down bills for good and create jobs in every postcode thetimes.com/article/0ef3cf…

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Ludwig von Mises sat down in 1920 and published a paper that ended the intellectual case for socialism, even if the socialists took another seven decades to notice. The argument was precise. Mises showed that without private ownership of the means of production, there are no real prices for capital goods. Without prices, you cannot calculate profit and loss. Without profit and loss, economic planners have no way of knowing whether they are creating value or destroying it. They are flying blind, spending real resources with no feedback mechanism telling them whether the factory, the railway, or the grain depot was worth building. Every allocation becomes a guess dressed up as a decree. This, he called the Socialist Calculation Problem, and nobody answered it. Oskar Lange tried in 1936, proposing that socialist planners could simulate prices by trial and error. Mises read this and was unimpressed (charitably put). Lange assumed you could reproduce the function of market prices without the institution that generates them: private property, genuine exchange, real skin in the game. You cannot fake the signal and expect accurate information. The Soviet Union spent seventy years proving Mises right. Chronic shortages, misallocated steel, surplus winter boots in Georgia in July, famine engineered by committees convinced they understood grain supply better than the price system. The USSR collapsed in 1991 under the weight of precisely the inefficiencies Mises predicted in Vienna in 1920. You are watching this play out again today, every time a government sets energy prices, rent ceilings, or pharmaceutical price caps, and then expresses shock at the resulting shortages. The calculation problem did not expire with the Soviet Union. Bureaucrats who override price signals recreate the same blindness Mises identified. Mises told you exactly what would happen.

This utterly brilliant article will, after this nightmare of "progressivism" is over, become a fitting epitaph for Labour, LibDems, Green politicians and apparatchiks in the police and civil service. May the rapists and their apologists be deported whenever possible, or locked up for their natural lives, and may the progressive apparatchiks forever live in ignominy and shame.

Allison Pearson @AllisonPearson

2 years ago

Paywall is lifted on my ⁦@Telegraph⁩ child-rape gangs column. Free to read now. One of the most important things I’ve ever written. Definitely the most devastating. I hope as many as possible read it. Pls share: telegraph.co.uk/news/2025/01/0…

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These high priests of the green/climate finance scam had better watch their backs and "lawyer up". See what's happening to Fauci. You're next, Lagarde, and your banking friends criminally failing in your fiduciary duties. Central Banks Double Down on Climate Regulation Despite Collapse of Green Finance dailysceptic.org/2026/08/08/cen…

Paywall is lifted on my ⁦@Telegraph⁩ child-rape gangs column. Free to read now. One of the most important things I’ve ever written. Definitely the most devastating. I hope as many as possible read it. Pls share: telegraph.co.uk/news/2025/01/0…

A solar farm with more than 83,000 panels has been approved for farmland, despite objections from residents. Durham County Council's planning committee backed proposals by Grupotec Solar UK for the Benridge Solar Farm near Blackhall Rocks, which developers said would operate for 40 years.The application attracted two letters of support and 67 letters of objection, with residents saying they could "no longer drive for more than 30 seconds" without seeing a solar farm. #CostOfNetZero

The Met’s efforts to intimidate a journalist doing public interest journalism cannot simply be excused by its boss saying ‘we dropped the ball.’ This was a direct attack on a free press and free speech. The journalist’s investigations have been vindicated. The Met is meant to protect a free press and free speech. Instead, it’s the threat.

LBC @LBC

2 months ago

"We dropped the ball on that one." Met Commissioner Sir Mark Rowley apologises for investigating the journalist who tried to expose allegations of plagiarism against ex-Cambridge professor Jason Arday.

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Today's Times reports on my research on abuse of the EU settlement scheme & student loan system. I have a longer article out, but a quick thread on some key things we found... 🧵 1) A fifth of all student loans are now going to non-UK nationals, with 1 in 20 to Romanians alone.

UK national debt has now tipped over the £3 TRILLION mark. Between 2024/25 and 2029/30 we will borrow circa £650 billion on current OBR actuals + projections. Probably more. We will start the next decade with £3.5 TRILLION in debt. We already pay the highest borrowing rates of any G7 economy. Yet the Burnham government is talking about borrowing even more. That way lies madness.

The UK is not a voluntary union, it’s a sovereign state. The ‘voluntary union’ describes a historical event, not a continuing arrangement. When Scotland and England legislated to unite they ceased to be sovereign states and a new sovereign state, Great Britain, was created.

Lara Bird SNP @larabirdsnp

2 months ago

❓A simple question for Andy Burnham. If this is a voluntary union, what’s the democratic way out?

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Energy Secretary Miatta Fahnbullah just said she doesn’t accept green levies are making our energy bills more expensive. Sorry, that is a lie which Amol Rajan should have picked up. British people have the second highest energy bills in the world because we subsidise green renewables to the tune of billions of pounds. @BBCr4today

The Israel Delirium: Ireland’s new €53m government jet was bought without its Israeli-made landing system required for fog so it is unable to fly in fog– The Irish News irishnews.com/news/northern-…

Andy Burnham and his new Energy Secretary said they would be ‘pragmatic’ when it came to the North Sea. But this morning Miatta Fahnbulleh confirmed they will BAN all new oil and gas licences. How is it pragmatic to favour gas from Norway, the US or Qatar over gas from Britain?

Her argument collapses on contact. Desperate to find SOMETHING to apologise for despite its role in the forefront of the abolitionist movement, the Church of England discovered that for part of the eighteenth century, a sum set aside for poor clergymen and known as Queen Anne’s Bounty had been invested in the South Sea Company, which was involved in shipping enslaved people. The investment was made by accountants acting on behalf of the church, almost certainly without instruction. Its vicars were, at the time, demanding abolition from the pulpit; its bishops were voting for it in the Lords; its congregants were raising money for anti-slavery campaigns; its missionaries were touring Africa trying to persuade local chiefs to manumit their slaves. None of that matters, though, because, across the period when the shares were held, they lost money. The Church of England’s profit from the South Sea Company? Zero.

BBC News (UK) @BBCNews

2 months ago

Archbishop of Canterbury committed to £100m slavery fund bbc.in/4fJRgKa

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I was waist-deep in the Channel water, standing right next to a massive dinghy holding 100 illegal immigrants. 10 armed French gendarmes stood at the water's edge doing literally nothing. The British public is paying £660 million for this inaction. It has to stop #Immigration #BorderControl #UKPolitics #StopTheBoats #Accountability #ChrisPhilpMP

🚨 CABINET MINISTERS' CRIMINAL RECORDS TO BE KEPT SECRET FROM THE BRITISH PUBLIC. Good morning to the millions of everyday, hardworking Brits waking up on this Monday! You honestly cannot make this level of establishment cover up up! 🤡 A legal tribunal has just ruled that the British public will be banned from knowing which Cabinet Ministers declared past criminal convictions during their vetting process. This secret ruling comes after Louise Haigh was forced to resign over a hidden fraud conviction for making a false police report, only for Andy Burnham to bring her straight back into Cabinet as his right hand woman! Everyday British citizens are subjected to ruthless criminal background checks just to get a basic job in teaching, healthcare, or security. Yet the politicians wielding immense power over your life get special legal protection to hide their criminal convictions from the very voters who pay their salaries. They demand total transparency from you while running a secretive two tier system to protect themselves. RT and SHARE this everywhere to demand full transparency and end state cover ups! 🇬🇧🔥

Goodbye Rod 💔 My dear friend, fellow long-marcher, trusted confidante - and the bravest and most talented of men xx