Damian Penston
@dpenston.bsky.social
Currently working on a post-GDP rights-based framework for measuring public value. #MMT
ORCiD: 0009-0003-8807-7335
ORCiD: 0009-0003-8807-7335
Progressives share the same goals, but those who can diagnose the system’s failures and those who can mobilise people to change it aren’t collaborating. The result is weaker strategy for them and poorer outcomes for everyone.
This is the first of two articles: open.substack.com/pub/damianpe...
This is the first of two articles: open.substack.com/pub/damianpe...
Same Struggle, Different Language (Part 1)
Why Progressives Talk Past Each Other
open.substack.com
November 12, 2025 at 11:02 AM
Progressives share the same goals, but those who can diagnose the system’s failures and those who can mobilise people to change it aren’t collaborating. The result is weaker strategy for them and poorer outcomes for everyone.
This is the first of two articles: open.substack.com/pub/damianpe...
This is the first of two articles: open.substack.com/pub/damianpe...
Leadership development is now a $366 billion industry that still hasn’t agreed on a definition of what leadership is. I suspect that’s the point.
Here’s the answer, free of charge: steemit.com/leadership/@...
Here’s the answer, free of charge: steemit.com/leadership/@...
What is Leadership? — Steemit
Yes, I know. It’s been eight years since I wrote What Makes a Leader? and promised a follow-up post. Somewhere out… by penston
steemit.com
November 9, 2025 at 4:59 AM
Leadership development is now a $366 billion industry that still hasn’t agreed on a definition of what leadership is. I suspect that’s the point.
Here’s the answer, free of charge: steemit.com/leadership/@...
Here’s the answer, free of charge: steemit.com/leadership/@...
(1/6) In quantum physics, radical pairs are particles whose behaviour is linked. Change one, and the other responds. The same is true in economics: every credit depends on a matching debt, and every surplus on a matching deficit. Nothing moves alone.
November 9, 2025 at 4:45 AM
(1/6) In quantum physics, radical pairs are particles whose behaviour is linked. Change one, and the other responds. The same is true in economics: every credit depends on a matching debt, and every surplus on a matching deficit. Nothing moves alone.
In electronics, reliability = mean time between failures (MTBF).
For my post-GDP paper, I think I'll say legitimacy resilience = mean time between institutional failures (corruption, policy breakdowns, judicial breaches).
For my post-GDP paper, I think I'll say legitimacy resilience = mean time between institutional failures (corruption, policy breakdowns, judicial breaches).
October 17, 2025 at 11:18 AM
In electronics, reliability = mean time between failures (MTBF).
For my post-GDP paper, I think I'll say legitimacy resilience = mean time between institutional failures (corruption, policy breakdowns, judicial breaches).
For my post-GDP paper, I think I'll say legitimacy resilience = mean time between institutional failures (corruption, policy breakdowns, judicial breaches).
I just joined the global call to #DrawTheLine — for peace, climate justice, and a world beyond fossil fuels. Be part of the actions this September: drawtheline.world?utm_source=b...
Home | Draw The Line - For life, for people, for the planet.
Join us this September to draw the line against injustice, pollution, and violence; for a future of peace, clean energy, and fairness.
drawtheline.world
August 22, 2025 at 9:51 PM
I just joined the global call to #DrawTheLine — for peace, climate justice, and a world beyond fossil fuels. Be part of the actions this September: drawtheline.world?utm_source=b...
They deregulated the banks, then the banks regulated you.
Access to credit was framed as freedom, but when every option is a loan, you're selling your future to the money markets.
See my latest in Sufficiency and Wellbeing.
@degrowth.bsky.social @debtcollective.bsky.social @annpettifor.bsky.social
Access to credit was framed as freedom, but when every option is a loan, you're selling your future to the money markets.
See my latest in Sufficiency and Wellbeing.
@degrowth.bsky.social @debtcollective.bsky.social @annpettifor.bsky.social
They deregulated banks, then banks regulated you
When I was a teenager, I saw a bank advertisement that never left me.
www.sufficiencywellbeing.com
July 28, 2025 at 7:14 PM
They deregulated the banks, then the banks regulated you.
Access to credit was framed as freedom, but when every option is a loan, you're selling your future to the money markets.
See my latest in Sufficiency and Wellbeing.
@degrowth.bsky.social @debtcollective.bsky.social @annpettifor.bsky.social
Access to credit was framed as freedom, but when every option is a loan, you're selling your future to the money markets.
See my latest in Sufficiency and Wellbeing.
@degrowth.bsky.social @debtcollective.bsky.social @annpettifor.bsky.social
I assume from the background of the image that their color is off-white.
At the risk of sounding judgemental, that eagle in the logo looks like it's possessed by the Devil.
At the risk of sounding judgemental, that eagle in the logo looks like it's possessed by the Devil.
they had to go with “america party” over the more natural sounding “american party” because the american party already existed and they ran george wallace for president in 1968
July 9, 2025 at 12:09 PM
I assume from the background of the image that their color is off-white.
At the risk of sounding judgemental, that eagle in the logo looks like it's possessed by the Devil.
At the risk of sounding judgemental, that eagle in the logo looks like it's possessed by the Devil.
The video shows alarmism from British right-wing media.
The EU Commission gave Ireland until July 7 to align with a 2008 framework on incitement to hatred (like Holocaust denial), not pass new ‘hate speech’ laws. Ireland already has hate-crime rules, so this is about harmonisation, not censorship.
The EU Commission gave Ireland until July 7 to align with a 2008 framework on incitement to hatred (like Holocaust denial), not pass new ‘hate speech’ laws. Ireland already has hate-crime rules, so this is about harmonisation, not censorship.
Ireland FIGHTS BACK: Will Brussels CRUSH Democracy?
YouTube video by GBNews
www.youtube.com
June 27, 2025 at 9:24 AM
The video shows alarmism from British right-wing media.
The EU Commission gave Ireland until July 7 to align with a 2008 framework on incitement to hatred (like Holocaust denial), not pass new ‘hate speech’ laws. Ireland already has hate-crime rules, so this is about harmonisation, not censorship.
The EU Commission gave Ireland until July 7 to align with a 2008 framework on incitement to hatred (like Holocaust denial), not pass new ‘hate speech’ laws. Ireland already has hate-crime rules, so this is about harmonisation, not censorship.
Iran has been bombed without congressional approval. This article examines how POTUS became untouchable and what that means for the future of war.
Will there come a point where the constitutional crisis is treated as a crisis?
#WarPowers #CollapseOfAccountability #USPolitics #Authoritarianism
Will there come a point where the constitutional crisis is treated as a crisis?
#WarPowers #CollapseOfAccountability #USPolitics #Authoritarianism
Who Can Stop the POTUS from Starting a War? At This Point, No One.
The Consequences of Decades of Turning a Blind Eye
open.substack.com
June 22, 2025 at 5:10 PM
Iran has been bombed without congressional approval. This article examines how POTUS became untouchable and what that means for the future of war.
Will there come a point where the constitutional crisis is treated as a crisis?
#WarPowers #CollapseOfAccountability #USPolitics #Authoritarianism
Will there come a point where the constitutional crisis is treated as a crisis?
#WarPowers #CollapseOfAccountability #USPolitics #Authoritarianism
1/7
If you care about justice, or inclusion, or what it means to build a society that doesn't give up on people, please take a moment to watch the video below and learn more. You may find, as I did, that what An Saol Foundation doing is something rare and deeply worth supporting.
#AnSaolFoundation
If you care about justice, or inclusion, or what it means to build a society that doesn't give up on people, please take a moment to watch the video below and learn more. You may find, as I did, that what An Saol Foundation doing is something rare and deeply worth supporting.
#AnSaolFoundation
HSE warns of risk to nursing home exit plan for under-65s
The HSE has warned that efforts to move younger people with disabilities out of nursing homes are under threat, after funding for its relocation programme fell short of what was requested
www.rte.ie
June 19, 2025 at 10:58 AM
1/7
If you care about justice, or inclusion, or what it means to build a society that doesn't give up on people, please take a moment to watch the video below and learn more. You may find, as I did, that what An Saol Foundation doing is something rare and deeply worth supporting.
#AnSaolFoundation
If you care about justice, or inclusion, or what it means to build a society that doesn't give up on people, please take a moment to watch the video below and learn more. You may find, as I did, that what An Saol Foundation doing is something rare and deeply worth supporting.
#AnSaolFoundation
We were promised freedom, but what we got was access. And access comes with an invoice.
Rent became the price of entry, rights became products.
Housing, medicine, credit, even visibility... someone owns the toll booths that count as 'access'.
#GenerationRent #EconomicJustice #CostOfLiving
Rent became the price of entry, rights became products.
Housing, medicine, credit, even visibility... someone owns the toll booths that count as 'access'.
#GenerationRent #EconomicJustice #CostOfLiving
A Price for everything, the right to nothing
Photo by Lucas Vieira dos Santos on Unsplash
substack.com
June 15, 2025 at 1:01 PM
We were promised freedom, but what we got was access. And access comes with an invoice.
Rent became the price of entry, rights became products.
Housing, medicine, credit, even visibility... someone owns the toll booths that count as 'access'.
#GenerationRent #EconomicJustice #CostOfLiving
Rent became the price of entry, rights became products.
Housing, medicine, credit, even visibility... someone owns the toll booths that count as 'access'.
#GenerationRent #EconomicJustice #CostOfLiving
The far-right in Ireland try to equate immigration with colonisation. Their mental gymnastics rely on the public forgetting our history of emmigration, our shared sense of justice, and basic common decency.
#IrishPolitics #FarRightDisinformation
#IrishPolitics #FarRightDisinformation
The War on Truth in Ireland’s Immigration Debate
Understanding the Origins of Far-Right Disinformation
damianpenston.substack.com
June 7, 2025 at 6:11 PM
The far-right in Ireland try to equate immigration with colonisation. Their mental gymnastics rely on the public forgetting our history of emmigration, our shared sense of justice, and basic common decency.
#IrishPolitics #FarRightDisinformation
#IrishPolitics #FarRightDisinformation
(1/9) I published a paper on Recognising Non-Market Public Value. It focuses on care, contribution, and what economic institutions have kept invisible so far, offering a path to rebuild fiscal systems around what matters most.
#MacroEconomics #CareEconomy #PublicValue
@jayatighosh.bsky.social
#MacroEconomics #CareEconomy #PublicValue
@jayatighosh.bsky.social
May 21, 2025 at 10:42 AM
(1/9) I published a paper on Recognising Non-Market Public Value. It focuses on care, contribution, and what economic institutions have kept invisible so far, offering a path to rebuild fiscal systems around what matters most.
#MacroEconomics #CareEconomy #PublicValue
@jayatighosh.bsky.social
#MacroEconomics #CareEconomy #PublicValue
@jayatighosh.bsky.social
7.5 years ago, I asked 3 carefully worded questions to central banks to test key claims of #MMT. Turns out they hold up. I didn’t ask the Fed, hoping someone else might want to verify for themselves.
I'm still waiting. The questions still matter.
@stephaniekelton.bsky.social @wbmosler.bsky.social
I'm still waiting. The questions still matter.
@stephaniekelton.bsky.social @wbmosler.bsky.social
Three Extremely Important Taboo Questions (And The Answers) — Steemit
Please don't hit the back button when I say this, but you've just clicked on a post about macroeconomics. If you want… by penston
steemit.com
May 9, 2025 at 3:51 PM
7.5 years ago, I asked 3 carefully worded questions to central banks to test key claims of #MMT. Turns out they hold up. I didn’t ask the Fed, hoping someone else might want to verify for themselves.
I'm still waiting. The questions still matter.
@stephaniekelton.bsky.social @wbmosler.bsky.social
I'm still waiting. The questions still matter.
@stephaniekelton.bsky.social @wbmosler.bsky.social
I'm be interested to see what the polling will look like for this question month by month for the rest of the year.
"Do you think it's possible or not that crimes like those committed by the Nazi regime in Germany in the 30s and 40s could happen in the United States?"
It's Possible: 52%
It's Not Possible: 35%
YouGov / April 16, 2025
It's Possible: 52%
It's Not Possible: 35%
YouGov / April 16, 2025
May 7, 2025 at 11:13 PM
I'm be interested to see what the polling will look like for this question month by month for the rest of the year.
I was just reading about tunnel diodes and their negative differential resistance. In economics, could this concept be used to model sectors that amplify trust or non-market public value without direct fiscal input?
#macroeconomics #TrustAmplification #RecognitionTunneling #QuantumMechanics
#macroeconomics #TrustAmplification #RecognitionTunneling #QuantumMechanics
April 28, 2025 at 10:59 AM
I was just reading about tunnel diodes and their negative differential resistance. In economics, could this concept be used to model sectors that amplify trust or non-market public value without direct fiscal input?
#macroeconomics #TrustAmplification #RecognitionTunneling #QuantumMechanics
#macroeconomics #TrustAmplification #RecognitionTunneling #QuantumMechanics
1/12
Just published: Taxing Economic and Exclusive Rights and Privileges.
This counter-cyclical tax framework targets structural power (economic and exlusive rights and privileges) instead of production, consumption and transactions.
Visit: doi.org/10.5281/zeno...
#TaxJustice #PublicFinance
Just published: Taxing Economic and Exclusive Rights and Privileges.
This counter-cyclical tax framework targets structural power (economic and exlusive rights and privileges) instead of production, consumption and transactions.
Visit: doi.org/10.5281/zeno...
#TaxJustice #PublicFinance
April 24, 2025 at 1:17 AM
1/12
Just published: Taxing Economic and Exclusive Rights and Privileges.
This counter-cyclical tax framework targets structural power (economic and exlusive rights and privileges) instead of production, consumption and transactions.
Visit: doi.org/10.5281/zeno...
#TaxJustice #PublicFinance
Just published: Taxing Economic and Exclusive Rights and Privileges.
This counter-cyclical tax framework targets structural power (economic and exlusive rights and privileges) instead of production, consumption and transactions.
Visit: doi.org/10.5281/zeno...
#TaxJustice #PublicFinance
For the underdog - First they ignore you, then they laugh at you, then they fight you, then you win.
For the orthodoxy - First they ignore you, then they laugh at you, then they fight you, then you suffer, and I mean SUFFER, a humiliating defeat of epic proportions. Oh, the humanity!
#MMT
For the orthodoxy - First they ignore you, then they laugh at you, then they fight you, then you suffer, and I mean SUFFER, a humiliating defeat of epic proportions. Oh, the humanity!
#MMT
April 21, 2025 at 2:38 AM
For the underdog - First they ignore you, then they laugh at you, then they fight you, then you win.
For the orthodoxy - First they ignore you, then they laugh at you, then they fight you, then you suffer, and I mean SUFFER, a humiliating defeat of epic proportions. Oh, the humanity!
#MMT
For the orthodoxy - First they ignore you, then they laugh at you, then they fight you, then you suffer, and I mean SUFFER, a humiliating defeat of epic proportions. Oh, the humanity!
#MMT
(1/5)
Too often, what counts as value in the economy is the opposite of what sustains us.
Pollution boosts GDP.
Burnout drives productivity.
Unpaid care, ecological work, and civic life go unseen.
We need a new theory of value.
#ValueTheory #PostGrowth #MMT #FeministEconomics #EconomicJustice
Too often, what counts as value in the economy is the opposite of what sustains us.
Pollution boosts GDP.
Burnout drives productivity.
Unpaid care, ecological work, and civic life go unseen.
We need a new theory of value.
#ValueTheory #PostGrowth #MMT #FeministEconomics #EconomicJustice
April 16, 2025 at 12:12 PM
(1/5)
Too often, what counts as value in the economy is the opposite of what sustains us.
Pollution boosts GDP.
Burnout drives productivity.
Unpaid care, ecological work, and civic life go unseen.
We need a new theory of value.
#ValueTheory #PostGrowth #MMT #FeministEconomics #EconomicJustice
Too often, what counts as value in the economy is the opposite of what sustains us.
Pollution boosts GDP.
Burnout drives productivity.
Unpaid care, ecological work, and civic life go unseen.
We need a new theory of value.
#ValueTheory #PostGrowth #MMT #FeministEconomics #EconomicJustice
Obi-Wan described Darth Vader as being "more machine now than man, twisted and evil."
It made me think of GDP - "more machine now than value, twisted and evil." It rewards extraction and destruction by treating them as positive contributions to the economy.
#economics #replacegdp #economics #mmt
It made me think of GDP - "more machine now than value, twisted and evil." It rewards extraction and destruction by treating them as positive contributions to the economy.
#economics #replacegdp #economics #mmt
April 10, 2025 at 3:29 PM
Obi-Wan described Darth Vader as being "more machine now than man, twisted and evil."
It made me think of GDP - "more machine now than value, twisted and evil." It rewards extraction and destruction by treating them as positive contributions to the economy.
#economics #replacegdp #economics #mmt
It made me think of GDP - "more machine now than value, twisted and evil." It rewards extraction and destruction by treating them as positive contributions to the economy.
#economics #replacegdp #economics #mmt
Excellent work by BankTrack in uncovering this.
BREAKING:
An investigation by BankTrack and @b4ukraine.org has revealed that a subsidiary of Austria's Raiffeisen Bank International remains invested in a wide range of sanctioned Russian entities - including Gazprom, Sberbank, and Russia's Ministry of Finance.
www.banktrack.org/article/raif...
An investigation by BankTrack and @b4ukraine.org has revealed that a subsidiary of Austria's Raiffeisen Bank International remains invested in a wide range of sanctioned Russian entities - including Gazprom, Sberbank, and Russia's Ministry of Finance.
www.banktrack.org/article/raif...
Raiffeisen Bank International subsidiary still invested in sanctioned Russian entities, find BankTrack and B4Ukraine
A fully consolidated Russian affiliate of Austria’s Raiffeisen Bank International (RBI) continues to hold and promote investments in numerous sanctioned Russian state and private entities,…
www.banktrack.org
March 12, 2025 at 9:46 AM
Excellent work by BankTrack in uncovering this.
I'm becoming increasingly concerned that the chaos in the US could negatively impact the services that my company uses, so I'm looking at alternatives to MS 365 and Google Suite. Does @tutaprivacy.bsky.social or @proton.me have a roadmap for adding full editing for documents/spreadsheets?
#economy
#economy
March 1, 2025 at 5:03 PM
I'm becoming increasingly concerned that the chaos in the US could negatively impact the services that my company uses, so I'm looking at alternatives to MS 365 and Google Suite. Does @tutaprivacy.bsky.social or @proton.me have a roadmap for adding full editing for documents/spreadsheets?
#economy
#economy