Thanks. Quite good but doesn't mention power as a motivator of economic behaviour.

So Milei's ridiculous austerian nonsense policies are failing, badly. Quelle surprise. But it's OK because the US is bailing him out. Wonder if they'd do the same for a centrist or left-wing government?🤨 US offers financial lifeline to Argentina’s Javier Milei - on.ft.com/3Kgo3dV

"Meta’s Mark Zuckerberg was asked how much money he plans to invest in the U.S. and replied $600 billion. Shortly afterward, he was caught on a hot mic telling Trump “Sorry, I wasn’t ready … I wasn’t sure what number you wanted to go with.” paulkrugman.substack.com/p/can-a-desp...

It's just dawned on me that today's richest two people, Ellison and Musk, are each richer than Croesus, who's estimated to have had a mere $372 billion. en.wikipedia.org/wiki/Croesus

Intriguing article on the Shanghai Cooperation Organisation by Farwa Sial developingeconomics.org/2025/09/05/n...

Quality insights from @stephenkb.bsky.social here. Labour should start attacking Reform. on.ft.com/4lOifFs "if the government cannot make the point that it is a bad idea to give money to the Taliban, it is far from clear to me when a better opportunity to attack Farage is going to present itself".

Stories matter. open.substack.com/pub/dangay/p...

Much to agree with here. Trump knows he now owns European leaders. Presumably in private he's sniggering at their sycophancy. He (and Putin) only understand and respect power. Yet more proof of Europe's weakness, fragmentation and lack of direction. on.ft.com/4p6unVo

Trump has actually put the US car industry at a disadvantage over foreign competitors. www.theatlantic.com/economy/arch...

Brings new meaning to the term infant industry protection. “We really just started. This is just in its infancy,” the US president said of his radically protectionist trade policy. on.ft.com/4m4Qv0d

1/7. It’s incredible just how far ‘acceptable’ economic discourse has shifted over recent decades. In the late 1990s saying anything about building state capacity or intervening in markets was absolutely inadmissible - almost literal heresy. Neoliberalism was dominant. substack.com/@dangay/note...

🧵1/3. An open goal for China: In response to US tariffs, Beijing is offering duty-free status to all 53 African countries with which it maintains diplomatic relations. This used to apply only to least developed countries.

Tariffs are already working their magic for the MAGA base then.🙄 Poorest US workers hit hardest by slowing wage growth - on.ft.com/4liFpDz

The US backs down, but the damage is already done open.substack.com/pub/dangay/p...

As August 1 approaches, I spoke to my friend in the Lesotho government to find out the true depths of its predicament. What I found out was truly shocking. open.substack.com/pub/dangay/p...

A reminder: on August 1, imports from Europe to the US will face a 15% tariff, while imports from Lesotho to the US will face a 50% tariff.

SCOTLAND ON TRUMP: NO, PLEASE DON'T.

Tsk tsk, @economist.com. This piece is pockmarked with clichés: "On the rocks," "sweet-talk," "balancing act," "hammered out," "halcyon days," "fall by the wayside". I thought clear language was supposed to be your strength. www.economist.com/finance-and-...

Fantastic for Europe. As a 'development partner' of the least developed countries, i'm sure Von der Leyen was at pains to stress the devastating impact on the LDCs. Doubtless she negotiated hard on their behalf. In four days Lesotho faces a 50% tariff. Its economy is already in freefall.

Oof, this is how to answer a question. The right should fear Mamdani: youtube.com/shorts/PzAk4...

Excellent, excellent piece by Ha-Joon Chang in the FT today. Neoclassical economics has become the Aeroflot of ideas. "You’re free to choose — as long as it’s neoclassical chicken." on.ft.com/45if5EV

Go Vanuatu! www.aljazeera.com/news/2025/7/...

Heartbreaking: "Mapaseka Mohale says simply that she'd tell Trump: "'We are going to die, because we don't have food, we depend on factories.'" www.npr.org/2025/07/20/n...

China's been expanding its role in the UN for years. Trump's first term already created a big foothold for Beijing. His latest withdrawal creates further opportunities. www.ft.com/content/e289...

I wrote a story. It's about a young journalist who interviews a famous professor of economics in the year 2000. You'll never guess what happens 😉 open.substack.com/pub/dangay/p...

New Substack: open.substack.com/pub/dangay/p...

China and the global south collaborate more in the face of US protectionism. China’s Belt and Road investment and construction activity hits record - on.ft.com/4eUwdUl

Hugely enjoyed writing this guest post for @graceblakeley.substack.com's Substack. I think Grace is one of the best and most exciting writers around right now. (Not only that, but her fantastic editing made the piece much better). Beyond Aid, a World to Win open.substack.com/pub/gracebla...

As I said in my last Substack post, WTF are Laos, Myanmar, Cambodia & Bangladesh doing at the top of this list, let alone Thailand, Indonesia or Sri Lanka? No country should face these big tariffs. Targeting the smallest & poorest is pyscho stuff. open.substack.com/pub/dangay/p... on.ft.com/4lXBM71

Ooh, the EU will “keep a close watch” on Israel. That'll scare them. www.euronews.com/my-europe/20...

Europeans - the EU meets tomorrow to review EU-Israel Association Agreement. Article 2 says it “shall be based on respect for human rights and democratic principles,” which are “an essential element” of the pact. I wrote asking the EU to suspend it. Details👇 www.bystandersnomore.com/blog/eu-coun...

Interesting to see what happens when a politician asks people in person what they want then designs a principled platform around it based on what works. Mamdani's not radical. It’s all been tried successfully elsewhere and might help tackle some of NYC's problems. dangay.substack.com/p/zohran-mam...

Which front page is telling the more important big story here?

This report from the FT is way better than most stuff in the supposedly liberal Guardian. Not just the truth of the reporting, but the use of media and technical quality of the piece. www.ft.com/content/6c74...

Still attacking the world's poor open.substack.com/pub/dangay/p...

I wrote a story. It's about a young journalist who interviews a famous professor of economics in the year 2000. You'll never guess what happens 😉 open.substack.com/pub/dangay/p...

Great he recognises this. Many people said so all along - until they were red in the face - but were portrayed as ideological zealots. We should've listened to them. Even Martin himself used to support variants of Thatcher-style market economics, including neoliberal globalisation.

I see the dreadful right-wing bigot Norman Tebbit is dead. This has particular poignancy for me, because he was my first cousin, twice removed. My grandma Elaine Stagg was his mum's Edith Stagg's first cousin... www.theguardian.com/politics/201...

+ 40% tariffs on least developed countries like Laos and Myanmar will hit hard when they're already in a difficult situation.

Trumps tariff announcements so far today on truth social: Japan—25% South Korea—25% Malaysia—25% Kazakhstan—25% South Africa—30% Laos—40% Myanmar—40%

Times they have a-changed. The comments below this sniggeringly bad article about Zohran Mamdani in the FT are almost all supportive of him. on.ft.com/3I9lTvu

"The heat spoilt my strawberries and cream at Wimbledon." 👉The day climate breakdown hit home. www.bbc.com/news/live/cd...

"Show us your tax dodgers or we'll make it legal to be gay." 🤷‍♂️ www.theguardian.com/business/202...

This is why I disagree with lefties like Walden Bello and Matt Kennard who applaud the end of aid. www.bbc.com/news/article...

Elon Musk’s disputed $56 billion pay packet is more than all the ODA to Africa last year, which was US$42 billion. That’s only about $27 per head.

A tax on the world’s ultra-rich is an excellent idea - but given the way the world is currently moving (eg. it looks like OECD members have caved to the US on the global minimum tax rate) I wonder how realistic it is? www.hhrjournal.org/2025/05/20/a... on.ft.com/4khBx5y