Escribe @shahinvallee.bsky.social sobre los pilares de un "euro global": swap lines, sistema de pagos digital, rechazar eurostablecoins privadas, eurobonos y unión del mercado de capitales. Una cosa a medio camino entre la estrategia estadounidense y la china. www.phenomenalworld.org/analysis/a-g...

Excellent piece www.phenomenalworld.org/analysis/gre...

We are extremely thrilled to announce two new monthly newsletter columns: MERIDIONAL, by Fernando Rugitsky, will cover the political economy of Latin America— LABOR & LOGISTICS, by Benjamin Fong, will look at the sprawling US logistics industry, and the workers that populate its supply chains—

We are extremely thrilled to announce two new monthly newsletter columns: MERIDIONAL, by Fernando Rugitsky, will cover the political economy of Latin America— LABOR & LOGISTICS, by Benjamin Fong, will look at the sprawling US logistics industry, and the workers that populate its supply chains—

NEW: In this moment of profound uncertainty over the global monetary order, Europe needs to move swiftly on becoming a truly global currency issuer, writes @shahinvallee.bsky.social www.phenomenalworld.org/analysis/a-g...

“In June, Christine Lagarde declared ambitions to create a ‘global euro.’ Yet at neither the European Commission, nor the Eurogroup, nor the European Council, has a real discussion about internationalization taken place.” NEW by @shahinvallee.bsky.social www.phenomenalworld.org/analysis/a-g...

Estos dos textos de @paologerbaudo.bsky.social para @phenomenalworld.bsky.social sobre la economía política del vehículo eléctrico chino. «El Estado desarrollista del vehículo eléctrico»: www.phenomenalworld.org/es/analisis/... «BYD Global»: www.phenomenalworld.org/es/analisis/...

Terrific essay. The leftist student leader turned president Gabriel Boric had a great line—”Chile was the cradle of neoliberalism, it wI’ll also be its tomb.” Statist experiments in copper, lithium and green hydrogen… how are they going? What can others learn? www.phenomenalworld.org/analysis/lit...

New piece for @phenomenalworld.bsky.social on Chile's green industrial policy efforts and its role in the global energy transition. Can resource-rich countries become relevant players in the upcoming global green economy? Full analysis: www.phenomenalworld.org/analysis/lit...

Hey, have you read this yet? www.phenomenalworld.org/analysis/mon...

The hockey stick of doom vs. the hockey stick of hope (graphics: @yusufimaadkhan.com). www.phenomenalworld.org/analysis/hoc...

For more, join us and a wonderful lineup tomorrow at 8am ET / 10am ART to make sense of Argentina’s debt traps. Sign up here: bit.ly/argentina-imf

What’s going on in Argentina? Join us tomorrow for an urgent conversation on Argentina’s debt traps, the last two decades of macroeconomic crisis and management, and the Trump-Milei affair. Register here: bit.ly/argentina-imf (In English and Spanish, with simultaneous interpretation.)

“To measure Mamdani’s chances of success, we must take a closer look at the constraints and opportunities of the City’s unique public spending model.” www.phenomenalworld.org/analysis/mam...

Milei’s austerity brought Argentina’s inflation down to its lowest levels in 7 years, but the fallout is destruction of purchasing power and productive paralysis which causes recession, depressed wages and transfer of resources from labor to financial income. www.phenomenalworld.org/analysis/the...

I went for a longer post-budget take last time. I think the conclusion still stands. The potential criticism of today's budget is that it's further can-kicking. Maybe growth holds up and they manage to avoid touching income tax. Maybe. www.phenomenalworld.org/analysis/bey...

I wrote a short piece on capitalism and the states-system for @phenomenalworld.bsky.social www.phenomenalworld.org/analysis/bet...

At @phenomenalworld.bsky.social, Andrew Perry helps makes sense of Mamdani’s upcoming budget, by looking at the constraints and opportunities of NYC’s unique public spending model.

Happy to have written about plastic for @thepolycrisis.bsky.social. Thanks to @70sbachchan.bsky.social for sourcing the excellent graphics. And thanks to @rebecca-altman.bsky.social and @anjakrieger.bsky.social for being my go-to's on all-things plastic. www.phenomenalworld.org/analysis/pla...

This was a fantastic overview by @johannespetry.bsky.social of China’s attempts to create alternative (i.e. non-US) financial infrastructures. Best stat: “by March 2025…RMB accounted for 54.3% of China’s total trade settlement.” @phenomenalworld.bsky.social www.phenomenalworld.org/analysis/a-s...

phenomenal essay in @phenomenalworld.bsky.social by oxford 🤓 historian @vbivar.bsky.social on the political ecology of #plastics…a bleak but necessary read

"Between 2007 and 2025, New York City’s GDP grew at an average annual rate of 5.1 percent, while city revenues grew at just 4.1 percent." www.phenomenalworld.org/analysis/mam...

Beginning to understand why Mamdani's first move is to reform property taxes lmao what is going on

How to make sense of China’s rise? For Phenomenal World I wrote something on its changing role in global finance. China is not building a dollar-style empire of sprawling markets and speculative finance but something leaner, more functional & tightly managed. www.phenomenalworld.org/analysis/a-s...

“Fossil-fuel firms are looking to diversify their revenue streams. Petrochemicals—the sector of the oil and gas industry that produces materials and inputs downstream of petroleum—is expected to account for more than a third of growth in oil demand by 2030.” www.phenomenalworld.org/analysis/pla...

Over at @phenomenalworld.bsky.social, @ceaweaver.bsky.social offers a timely primer on housing politics and policy in New York City.

“While City expenditures have kept pace with revenues, they have lagged behind the growth of private incomes and spending—which means that as a share of the local economy, the public sector has actually been shrinking for years.” www.phenomenalworld.org/analysis/mam...

Fascinating background & insight into the real estate politics of the NYC mayoral race: www.phenomenalworld.org/analysis/sta...

“Far from an obstacle to climate objectives, it is through SOEs that Sheinbaum is pursuing the green transition. Her admin has reinforced AMLO’s program to revive Mexico’s SOEs—Pemex and CFE—with new decarbonization and industrial policy ambitions.” www.phenomenalworld.org/analysis/mex...

“It’s no surprise that the NYC mayoral race has brought this antagonism—between a robust tenant movement with the strongest rent stabilization laws in the US and a powerful real estate lobby accustomed to shaping the city in its image—to the fore.” www.phenomenalworld.org/analysis/sta...

“What impact will the rent freeze have, then, on the current impasse? Already, the centrality of the demand to the mayoral race has opened up a new chapter in the struggle for a sane housing policy.” NEW: Cea Weaver on housing politics in New York City www.phenomenalworld.org/analysis/sta...

The Syrian civil war, the longest of the Arab Spring uprisings from 2011. It ended last year and it seems like we are ignoring what it meant and how it’s shaped the future of Syria. This piece was a bracing reminder and haunting forecast. www.phenomenalworld.org/analysis/syr...

“NYC’s housing politics are defined by competition between two forces: a tenant movement that has won strong rent stabilization and public development tools; and the country’s most powerful real estate lobby, accustomed to shaping the city in its image.” www.phenomenalworld.org/analysis/sta...

“Even business sectors most amenable to a post-carbon economy demonstrate in their investment decisions that they don't believe decarbonization will happen quickly. The US government now states confidently and proudly that the US will not decarbonize.” www.phenomenalworld.org/analysis/the...

Over the last decade a big tent coalition created a hegemonic "common sense" in US : public investment to fight climate change would undo the economic and political damage of deindustrialization, AND contain China. Superb piece by my collaborator Ted Fertik. www.phenomenalworld.org/analysis/the...

NEW! In our latest @thepolycrisis.bsky.social newsletter, Shreyas Shende asks whether or not India will accept Trump’s offer of being locked into a US-led carbon coalition or break free with its own green developmentalist growth model. www.phenomenalworld.org/analysis/ind...

“What provides India greater freedom of choice and sovereignty? Locking into hydrocarbon coalitions or doubling down on…a green electro-state track? How India chooses to address this question will shape the destiny of its 1.4 billion citizens—and the world.” - @shreyas-shende.bsky.social

1/ For this edition of the Polycrisis, we asked Shreyas Shende, who runs the fantastic Indialog newsletter, to analyse the momentous breakdown in India-US relations. indialog.substack.com Check it out --India in the new global order @phenomenalworld.bsky.social phenomenalworld.org/analysis/ind...

“Even business sectors most amenable to a post-carbon economy demonstrate in their investment decisions that they don't believe decarbonization will happen quickly. The US government now states confidently and proudly that the US will not decarbonize.” www.phenomenalworld.org/analysis/the...

No dejéis de leer esto de @jorgetamames.bsky.social. A veces necesitamos poner ojos de corresponsal, y muy pocos lo consiguen con esta precisión. www.phenomenalworld.org/es/analisis/...

“Across the 2010s, a new common sense had been built around a single premise: that the future is carbon constrained. The Trump assault on climate aims to blow up the painstakingly assembled coalition that made US climate action possible.” NEW by Ted Fertik www.phenomenalworld.org/analysis/the...

17/ 200 billion plus in overseas green factory investment! Chinese companies are expanding their supply chains abroad to capture new markets, avoid tariffs & get closer to sources of raw materials BRI 2 is private sector led and very different from the first www.phenomenalworld.org/interviews/t...

“Across the 2010s, a new common sense had been built around a single premise: that the future is carbon constrained. The Trump assault on climate aims to blow up the painstakingly assembled coalition that made US climate action possible.” NEW by Ted Fertik www.phenomenalworld.org/analysis/the...

I interviewed Mathias Larsen on key takeaways of our Hopkins report @phenomenalworld.bsky.social Why is this BRI 2.0 private-sector led? Does Beijing know the scale? What are motivations of firms going out? What are host countries agency & developmentalist plans phenomenalworld.org/interviews/t...

“Chinese overseas FDI is nearing $100 billion per year. The Marshall Plan was $200b—and locked Europe into US tech and standards. When we see sums of this size, we can ask whether it will have a similar effect on the globe.” NEW: @70sbachchan.bsky.social & @mathiaslarsen.bsky.social on the BRI 2.0

“We’re used to thinking of the fiscal crisis as the outcome of an over-generous welfare state or of larger economic forces. But the New York City’s flawed development strategies certainly played a role.” Kim Phillips-Fein and Daniel Wortel-London on NYC www.phenomenalworld.org/interviews/d...

A wonderful interview of @dlondonwortel.bsky.social on his fantastic new book, "The Menace of Prosperity" (@uchicagopress.bsky.social, 2025), by Kim Phillips-Fein for @phenomenalworld.bsky.social; of interest to all #skystorians! www.phenomenalworld.org/interviews/d...

Muy feliz porque @phenomenalworld.bsky.social publicó mi artículo sobre la reforma pensional colombiana. Allí explico una aparente paradoja: ¿por qué un gobierno progresista impulsó una reforma con una estructura neoliberal? Comenetarios bienvenidos www.phenomenalworld.org/es/analisis/...

And more w/ @akentikelenis.bsky.social in @phenomenalworld.bsky.social on green technology transfers in the Global South. www.phenomenalworld.org/analysis/tec...