That is: virtually all of the great developmental successes of globalised trade in the post-war era were due to industrial- and global trade/finance integration policies that were decidedly anti-neoliberal.
Stop obscuring this by muddling up what should be fairly simply definitions.
END
All the miracles of the last wave of trade globalisation relied not just on financial repression, but on restricted capital accounts or financial sectors so tightly controlled that short-term capital flows didn’t matter. Those who abandoned controls and/or domestic repression collapsed into crisis.
And of course the tacit notion that persistent imbalances are either not a problem, or, if they are, self-correcting in the long run.
He’s an example: pro trade integration + anti methodological nationalism ≠ neoliberalism. A neoliberal trading regime is quite specifically about the primacy of short-term capital flows + relatively unfettered financial sector + independent CB + asymmetric IP regime + pro-corporate ISDS
The principal purpose is that it allows them to take credit for the successes of every other capitalist policy regime while subsuming their own (very clearly attributable) failures into some broader narrative.
No amount of hand-waving gibberish—which is indeed the kind of sophistry that the world of “political risk consulting” incentivises—can obscure attempts to define neoliberalism in a way that allows them to simply delineate between things they like and don’t like. It’s a meaningless slop definition.
NEW @phenomenalworld.bsky.social
@katemac.bsky.social & I
"global commodities markets are in Road Runner mode, and afraid to look down at the abyss...
www.phenomenalworld.org/analysis/war...
152/ The whack-a-mole game that Israeli and American air force is playing with the Iranian missile men is not going well.
“Tehran has become adept at producing simpler, more easily constructed missile launchers to replace those lost in strikes.”
www.ft.com/content/b2b3...
Did you guys also argue about causal inference all day?
Great (particularly on energy) by @newlefteviews.bsky.social
"America is the great destabilizing force imperiling the world economy. Together w/ Israel, it has become a rogue state, unfettered by any consideration of international law, multilateral order, or even hegemonic responsibility."
Meanwhile, Palantir, the company that is being given access to core UK infrastructure from the NHS to the nuclear weapons, is becoming a core part of the US military system.
We’re becoming more and more dependent on a fascist and imperialist government.
www.reuters.com/technology/p...
Me on the other site:
My gfs bragging rights for having Bailey giver her a few lectures during uni have evaporated
Me on the other site:
some common sense tooze takes in this:
-Trump a "symptom" of american decline
-Biden accelerated cold war
-"interlocking balance sheets" is right way to act on financial crisis
-West has to learn to live in the chinese century
-“China *is* the climate crisis & its solution”.
bsky.app/profile/robe...
UK letting US use its bases is ‘participation in aggression’, Iran’s foreign minister tells Yvette Cooper
no shit...
::takes glasses off slowly:: it's called force majeure
It’s like they didn’t learn from 2020-23 and don’t see how the current context is different. This kind of monetary policy making is a huge liability if you’re the most vulnerable G7 economy.
t’s genuinely crazy to me that the Bank of England is earnestly fretting about second order wage-price dynamics instead of the obvious immediate growth effects, based on the usual expectations drivel. Bailey coming out for a damage control interview makes the ECB look like a model of competence.
Incredible thread
32/ Thank you @newlefteviews.bsky.social for this brilliant rebuttal to my optimistic catastrophism.
This is the best article I've read on how the bitter lessons from 2022 inflationary shock can be applied to the global shockwave with Iran war. Please share widely! jacobin.com/2026/03/pric...
Some thoughts on the age of mass disruption and how and to what extent we can prepare for future energy and commodity shocks. In short: I’m not terribly optimistic about the prospects of all but a few countries or about the source of the disruptions ebbing.
jacobin.com/2026/03/pric...
Read @newlefteviews.bsky.social rebuttal
(1) wars still must be stopped
(2) firms still hv mkt power
(3) interest rates still ineffective for supply-side shocks
(4) poor countries still structurally shafted
(5) baseload still matters
(6) industrial decarb still uphill
jacobin.com/2026/03/pric...
For Business Insider, I read three books about Palantir and wrote about how "Palantirianism" -- unabashed nationalism, tech building up the US security state, ready to commit violence on behalf of the US and our allies -- is ascendant in Silicon Valley.
www.businessinsider.com/palantir-gui...
Some thoughts on the age of mass disruption and how and to what extent we can prepare for future energy and commodity shocks. In short: I’m not terribly optimistic about the prospects of all but a few countries or about the source of the disruptions ebbing.
jacobin.com/2026/03/pric...
My Weekend Essay for the @newstatesman1913.bsky.social: why the 'left-realist' critique of int’l law is a form of disenchantment that obscures more about political reality than it illuminates.
A short critique of Perry Anderson via EP Thompson, Carr, Weber.
www.newstatesman.com/world/middle...
"Most European leaders are part of a Cold War generational cohort that was irreversibly socialised into the idea of American primacy. This view of the world is both Panglossian (empire is inherently more stable than multipolar alternatives) and civilisational"
"Much like in the UK, sections of the European political elite are concerned primarily with maintaining their own proximity to imperial power. They underestimate the nihilism of the new order they are hastening in the process. The only rewards for obedience have been humiliation and coercion."
On stubborn Atlanticism: "Sections of the European political elite are concerned primarily with maintaining their own proximity to imperial power. In the spirit of Vichy, many believe that collaborationism is the only way to guarantee some autonomy going forward."
www.equator.org/articles/dea...