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...

Anatomy of a Defense Budget - Zaynab Quadri “Throughout the past century, these evolutions in US military spending have reflected the changing nature of American warfare, governance, and power.” www.phenomenalworld.org/analysis/ana...

Over at @phenomenalworld.bsky.social, Kate Mackenzie and Tim Sahay explore the future of an uninsurable earth.

Mike Glass and I argue for @phenomenalworld.bsky.social that we’ve tried the #abundance incentive-based approach to housing crises before. But lack of oversight + incentives produced fraud, profiteering, and inflated rents -- and the Trump family fortune. www.phenomenalworld.org/analysis/add...

“ … it’s not entirely clear that it will ever play out as a system-wide financial catastrophe—more likely is that we see more of the same, with intensifying and unevenly distributed social consequences.” Great overview from @katemac.bsky.social and Tim Sahay www.phenomenalworld.org/analysis/ins...

Absolutely fantastic piece on the interfaces between climate risk and insurance in the Polycrisis newsletter today, by @70sbachchan.bsky.social and @katemac.bsky.social Not a doom loop, but “communities of fate” and the moral economy of the welfare state. www.phenomenalworld.org/analysis/ins...

We finally FINALLY finished the big insurance piece. There's a LOT that is not in there. But I think we've got a few of the important bits. TL;DR insurance is extremely interesting, but it's neither the climate problem nor the solution. www.phenomenalworld.org/analysis/ins...

NEW: @kmac & I: The future is triage on an uninsurable earth www.phenomenalworld.org/analysis/ins...

“Insurance companies are not in the business of going out of business. How might the insurance industry respond to the problem of shrinking insurability?” NEW: @katemac.bsky.social and @70sbachchan.bsky.social tackle the future of an uninsurable earth www.phenomenalworld.org/analysis/ins...

Green Dreams Hacia una política industrial verde hecha en México Carlos Cabrera Espinosa www.phenomenalworld.org/es/analisis/...

Aquí está la traducción de un análisis sobre la situación de España que escribí este verano. Crecimiento, corrupción, tensión en la mayoría de investidura, deriva pro-rearme en la UE y OTAN... Espero que sirva para arrancar el curso con perspectiva. www.phenomenalworld.org/es/analisis/...

"We build on the concept developed by Grubert and Hastings-Simon of the mid-transition, which we interpret as a volatile, unstable, and potentially chaotic period where we have the fossil-based energy system persists even as low-carbon technologies rise" www.phenomenalworld.org/interviews/o...

«This heterodox governing arrangement has proved successful even by orthodox metrics». Un buen análisis de @jorgetamames.bsky.social sobre la coyuntura actual y cómo se ha llegado a ella: www.phenomenalworld.org/analysis/gro...

Wrote a long-form analysis of Spain's political juncture for @phenomenalworld.bsky.social. I look at the limits of economic growth, tensions between decentralization and redistribution, corruption scandals, and the effects of the NATO-EU rearmament drive. www.phenomenalworld.org/analysis/gro...

Buen análisis de @jorgetamames.bsky.social sobre coyuntura, retos, condicionantes y perspectiva doméstica e internacional para el gobierno de España. Fino en todas las dimensiones y con profundidad estratégica. Versión Esp: www.phenomenalworld.org/es/analisis/... v @phenomenalworld.bsky.social

"Falsely precise climate risk measurements could arbitrarily worsen or ameliorate these dynamics, too. These problems are not created by insurance markets, but rather endemic to the financial system." www.phenomenalworld.org/analysis/the...

I am once again reposting this absurdly useful essay from Tim and Kate, because not enough of you have read it.

"I think the amparo is the most important issue in the debate around the reform—the loss of the ability of ordinary citizens to defend themselves against the arbitrariness of the state." Now in EN, José María Soberanes Díez on Mexico's judiciary election

"Talk of dollar 'replacement' is both premature and not necessary for a multipolar global economy. What is more likely is an acceleration of creeping regional displacement with the primary beneficiary, for now, being the euro."

"Carbon financiers continue to worry about a future in which Big Green States decide that substantive penalties on dirty finance would rapidly scale up climate finance by redirecting capital flows." @danielagabor.bsky.social

"Out of a total factory employment of 18.5 million, Tamil Nadu accounts for one out of every seven manufacturing jobs in the country." NEW on India’s subnational industrial policy powerhouse. By @mausamk.bsky.social @bhbradlow.bsky.social & Vishnu Venugopalan www.phenomenalworld.org/analysis/coo...

[Lessons in gov't coordination] "Amid India’s grand ambitions for manufacturing growth in the twenty-first century, Tamil Nadu stands out as an outlier" www.phenomenalworld.org/analysis/coo...

New @phenomenalworld.bsky.social, @mausamk.bsky.social, Vishnu Venugopalan, and I examine the remarkable subnational developmental state of Tamil Nadu. www.phenomenalworld.org/analysis/coo...

"Out of a total factory employment of 18.5 million, Tamil Nadu accounts for one out of every seven manufacturing jobs in the country." NEW Mausam Kumar, Benjamin Bradlow, and Vishnu Venugopalan on the southern state of Tamil Nadu’s manufacturing prowess

1 why shonfield *modern capitalism* 1965 remains relevant - indicative planning requires political legitimacy above all 2 hayek's argument that markets are information processing machines elides that states can put information into the market, shaping outcomes www.phenomenalworld.org/analysis/ind...

"In the relationship between the metropole and the protectorate, oil granted Brunei significant bargaining power. British oil interests deterred the metropole from withdrawing unilaterally from Brunei or forcing it to join Malaysia."

super interesting on financialization, dollarization, class, and state building in saudi. the limits to petro-yuan-ization? inequality on steroids -> economic pathologies in a rich debtor. @phenomenalworld.bsky.social www.phenomenalworld.org/analysis/sv-...

"Even if the 'window of opportunity' for a more profound Social Europe had been grasped in the 1970s, how different would it have turned out to be?" From 2023, Neil Warner reviews Social Europe, The Road not Taken, by Aurélie Dianara Andry

"Since spending growth must be lower than revenue growth, and since 32 percent of revenues must be spent on health and education, social benefits and public services are already competing for space in the federal budget."