On Politics: Mandelson and the Private Life of Power James Butler (@piercepenniless.bsky.social) is joined by investigative journalists @petergeoghegan.bsky.social and @ethanshone.bsky.social. podcasts.apple.com/gb/podcast/o...

Antonio Costa was once a socialist, a shorthand for understanding capitalism first, and then reform/revolution. this deregulation push is nuts. it wont work, because we are not in the 1990s neoliberalism, but a world of heavy state intervention and transformative ambitions.

this billionaire is literally a tax migrant in Monaco. 70% of players of the football team he owns, Manchester United, are migrants. www.theguardian.com/business/202...

stablecoin bullshit alert, riding on a clunky whatsapp metaphor @aldasoro.bsky.social www.ft.com/content/7b60...

yeap, ai;dr is where I am heading - and I suspect some are going into ai;wr (AI slop, wont read)

let's say Draghi is better, and should stay, in his macrofinance lane

consistently picking the wrong people for the job is also a skill www.ft.com/content/841d...

On the hellish detention and deportation system built by EU countries. With quotes from the current and the former German chancellors expressing their commitment to the inhumane cruelty of this apparatus, described here in forensic detail.

Kalecki said that capitalists are more comfortable with fascist governments because together they can squash organized labour, while getting a bigger share of the pie.

these corporate robots dont just write with AI, now they speak like AI bots

the US is engineering a famine in Cuba, intensifying el bloqueo. some expect the Cuban military to fight regime change, unlike Venezuela.

speaks volumes that the MPs lamenting Morgan McSweeny's departures have no guts to go on record, cause they know it looks pretty bad to support a guy for whom child sex crimes are irrelevant in the big scheme of political machinations

The most exciting political news of the year, and I meant it. We take back workers' capital from financiers, we starve them of political power

Amazing, the Starmerites who have squandered a majority in Parliament with such exquisite incompetence think a left Labour government would be the real disaster

turns out that Labour Together was the front for Labour Friends of Epstein, and for the right wing takeover of the Labour Party.

Yes, we must confess, this is very enjoyable

You've just been exposed as - at best hapless - enabler of New Labour's well-rewarded proximity to the pedophile super rich and your strategy is to punch left.

At this point, punching down on your own side is pathological.

Diffusion is the new codename for Larry Fink's derisking AI state project. “How do you see this diffusion occur, and utilization at a corporate level or at a government level, which ultimately then creates that demand, which eliminates any fears of bubbles?”

The Labour friend of Epstein got their club attire

This breed of 'utterly appalled' politicians should be confronted, relentlessly w Norman Finkelstein take on Epstein and his friends, in 2015.

Every now and then, Macron unleashes state power on capitalists and how they whimper.

comforting to know that in a world of chaotic change, Martin Wolf remains an unrepentant, deeply misguided, monetarist.

Kevin Warsh knows that central banks are the ultimate arbiters of fiscal policy. For him, this is a political choice, easily undone. But central banks got fiscal powers for structural reasons - modern finance is built around sovereign bond collateral.

This is why I find the constant left punching on this site so exhausting. Some people will do anything to avoid confronting power. Much easier to whine about some random sect with no power and no influence. Pathetic.

Media coverage of Gaza has plummeted. So today on @thenation.com, we're doing something pretty special: we're only running pieces by people in and from Gaza. We're calling it "A Day for Gaza." You can find links to all of the incredible pieces here. Please read! www.thenation.com/article/worl...

A Labour government official at the height of the global financial crisis advising a US Big bank how to aggressively attack that same Labour government, via a convicted pedofile.

Teaching financial accounts is always a challenge. Which is why I'm hyped to have just discovered that Eurostat has a website showing the 𝐟𝐮𝐥𝐥 𝐬𝐞𝐪𝐮𝐞𝐧𝐜𝐞 𝐨𝐟 𝐬𝐞𝐜𝐭𝐨𝐫𝐚𝐥 𝐚𝐜𝐜𝐨𝐮𝐧𝐭𝐬. With the actual numbers. A thing of beauty. ec.europa.eu/eurostat/cac...

I know we cannot expect consistency from Trumpers, but guys, how you gonna get lower interest rates if you sell the US Treasuries in the Fed's portfolio to please the ghost of Milton Friedman?

Wish all my UBI enemies from debates 10 years ago would see that world is converging to 'capitaliats love UBI cause it's a Trojan horse to destroy welfare state/organized labour'

like a lot of Trump policies, this is delivering the opposite

Larry Fink went to Davos, saw Trump/Bessent pontificate about 'irrelevant' Danish pension funds selling US Treasuries, and decided to bury the knife deeper.

Ahem @aldasoro.bsky.social

Oh look, another Franco-German proposal for derisking and Trojan horse for pension privatisation

Two days with heterodox Econ and your hero is JFK :)

First, Rachel Reeves/Keir Starmer regularly invoke wrath of bond investors, And @andyburnham.bsky.social wanta to get Britain OUT of the hock, which upset every establishment figure and Milton Freedman wannabe

After the thugs, a Davos poem @adamtooze.bsky.social adamtooze.substack.com/p/chartbook-...

My problem is with the proliferation of ChatGPT writing style, I switch off instantly

Gilt traders be like..

I raise you revolutionaries running central banks

We made fun of Ion Iliescu, the first post 1989 president for his wooden English, but now we have educated liberal elites so keen on the happy vasal role they torture English for exquisite blandness

amazing, the Trump order captures, to the letter, the 2022 critique of institutional landlords we wrote for the European Greens, 'My Home is an Asset Class'. and to their shame, it's more extensive then anything the Greens (blame the German ones) were ready to propose in the Parliament

the drunken uncle we all run from at family events is in charge of nukes and tariffs

Und thus, modernity comes to a close just like it started, with a guy ranting at windmills

Guess he didn't get the 'happy vasal, miserable slave' memo from smarter European leaders.

DB analyst writes a plausible account of escalation in response to Trump Greenland threats, FT provides further analysis, Bessent is rattled.

Looking forward to the forthcoming book by @kbayliss.bsky.social (of SOAS), on the growing role of private equity in water, energy and housing

Ah Andrew Bailey of the Truss mini-coup, of 'Lower wages for British workers', and more recently of 'deregulate the banks'? Truly a Labour kind of guy