#US #crude #oil production is hitting record highs. Via #AdamTooze open.substack.com/pub/adamtooz...
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Hashtag
#AdamTooze
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"... when you talk to people in Beijing, they will ... point to 2 sources of really extraordinary dynamism in the US economy; 1 is tech and the other 1 is fracking. The other one you might add, thirdly, would be financial engineering. These are all zones in which [US]American capitalism […]
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A graphic illustrating the hierarchy of global crude oils from light to heavy.
#Global #Crude #Oil hierarchy via #AdamTooze open.substack.com/pub/adamtooz...
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#AdamTooze (adamtooze.substack.com/p/top-links-1018-the-geo... zitiert die FT und diese(!, nicht er) feiert, dass durch KI jetzt endlich im letzten 400.000 US-Amerikaner ihren Job verloren haben, Berufsanfänger weniger Chancen auf einen Job haben und das BIP trotzdem wächst […]
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Bloomberg chart showing manufacturing employment in the US has dropped every month since April 2025.
#AdamTooze: “There is no #manufacturing #renaissance in Trump’s #America” open.substack.com/pub/adamtooz... (plus #art by #WilliamBlake)
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Bastard-Keynesianismus
"Warum fehlt das Geld? Warum dieses Zero-Sum-Spiel? Warum dieses Gegeneinander-Ausspielen? Warum ist nicht genug Geld für eine vernünftig kooperative Sicherheitspolitik und für die sozialen Ausgaben da, die unsere diverse, komplexe europäische Gesellschaft verlangt?" […]
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“ #Words are events, they do things, change things. They transform both speaker and hearer; they feed energy back and forth and amplify it. They feed understanding or emotion back and forth and amplify it.” - #UrsulaK.LeGuin via #AdamTooze open.substack.com/pub/adamtooz...
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“The notion that #intelligence is a personal endowment or personal attainment is the great conceit of the #intellectualclass, as that of the #commercialclass is that #wealth is something which they personally have wrought and possess.” - #JohnDewey, The Public and Its Problems (1927) via #AdamTooze
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The four Teletubbies march across a bleak landscape in black and white.
#Chartbook by #AdamTooze is full of visual delights this morning, including some pieces by #Picasso, a #Canada-centric view of the world, this image of what the #Teletubbies would look like after listening to #JoyDivision … & some interesting #economic #charts
open.substack.com/pub/adamtooz...
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Chart showing major direct investment flows in and out of the US.
#Canadians invest considerably more in the #US than #Americans do in #Canada, and various other charts, art and facts from #AdamTooze open.substack.com/pub/adamtooz...
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“What is clear is that the #Trump - #Greenland saga is gratuitous, grotesque, absurd. It would be a bad idea to spend too much mental effort trying to rationalize it. But how can we not?” open.substack.com/pub/adamtooz... #AdamTooze
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“ #JosephStiglitz, a colleague of Tooze’s at Columbia who won a Nobel prize in #Economics in 2001, says that being a #historian gave #Tooze “a big advantage” in analysing the #crisis.” #AdamTooze www.theguardian.com/business/202...
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#AdamTooze
"..many of the same countries that chose 80 years ago to ally with the Soviet Union to fight Germany will have to decide whether and on what terms they want to work with an economically dominant China on the climate problem."
www.theguardian.com/business/202...
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“But the risk - as always with the #Trump administration - is of underestimating the sheer force of political radicalism and violence they have unleashed. Is this about political economy at all?” - #AdamTooze open.substack.com/pub/adamtooz... #Fed #JeromePowell
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“Ms. #Rodríguez, 56, arrives at the job of Venezuela’s interim leader with credentials of an #economic troubleshooter who orchestrated the country’s shift from #corrupt #socialism to similarly corrupt laissez-faire #capitalism.” open.substack.com/pub/adamtooz... via #AdamTooze
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An FT chart showing that share of consumer spending by the top 10% of earners in the US has risen from around 35% in the early ‘90s to almost 50% while the bottom 80%’s share display s the same trajectory in reverse.
#K-shapedeconomy via #AdamTooze open.substack.com/pub/adamtooz...
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“ #Fanta became a point of nationalistic pride and was consumed by the #German public, from the Fraus cooking at home to the highest officials of the #Nazi party.” #SoftDrinks & #SoftPower: some fascinating #history via #AdamTooze open.substack.com/pub/adamtooz...
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A chart showing the ultra-wealthy dominate campaign funding in the US
#AdamTooze is knocking it out of the park this morning with interesting charts …
#CampaignFunding Increasingly Dominated by the #Ultra-Wealthy in the US. open.substack.com/pub/adamtooz...
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Another great #Trump #tariff chart from #AdamTooze.
#Canada
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I’ve been fascinated by the rise of #China, especially in the last year as news of an implemented green tech revolution has reached western shores. This piece is really good (via the great #AdamTooze newsletter) […]
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China’s path to modernity may echo its ancient encounter with Buddhism—foreign ideas, adapted and transformed, now reshaping the world. Sutras and solar panels, indeed. My new blog post here: www.antonharder.com/blog/moderni...
#China #Modernity #Buddhism #AdamTooze #KaiserKuo
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A chart showing the level of federal funding for universities in OECD countries; Canada is 15th.
In his Chartbook today, #AdamTooze includes a lament for the low level of #federalfunding for #universities in the #US from the Information Technology and #Innovation Foundation. The charts also point to Canada’s failings in that area. adamtooze.substack.com/p/top-links-... #Canada
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A table presenting the total GDP and GDP per capita of Canada’s provinces and territories with several other major economies added for comparison purposes.
Via #AdamTooze: “Why #Alberta is a force to be reckoned with in #Canadian #politics. Real size and a #GDP #percapita in #PPP terms that is third above the national average and on a par with the #USA.” #cdnecon #cdnpoli open.substack.com/pub/adamtooz...
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Adam Tooze mit Mikrophon in der Hand und dem Titel Märkte, Mächte, Emissionen. der Hintegrund ist organge und der Zitatkacheltext " Klimaforscher haben versucht die ganze Welt zu modellieren, um die Dekarbonisierung darzustellen. Die Saudis modellieren die gesamte Welt, um die Einkünfte aus ihrem Öl zu maximieren. - Adam Tooze
In der neuen Folge MME spricht @adamtooze.bsky.social über die Rolle der Golfstaaten, geopolitische Verschiebung im globalen Energiesystem & was das für die Weltordnung von morgen bedeutetn kann.
🎧 Link: t1p.de/v7jxq
#Geopolitik #AdamTooze #SaudiArabien #Golfstaaten #Energiepolitik #Klimapolitik
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'China’s CO2 emissions drop has just reached a dramatic historical moment.
Their greening power sector is meeting demand with renewables.' #AdamTooze
People...we CAN DO whatever the hell we want to. But Oligarch Owned Americans are allowing our green sector to be blunted. #WTF
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A chart from the US International Trade Commission showing the top 10 imports from China to the US and China’s market share in each product category. It’s a well constructed, visually arresting chart, using bright pink and blue to distinguish China’s total exports to the US in each category in billions of dollars and its market share as a percentage. I could go about other details of the chart, but I’m reasonably sure that only a tiny number of people - if any, really - will read this. So that’s all I’ll write.
Somehow I missed this excellent piece by #AdamTooze on how #Trump pivoted to focusing his #tradewar on #China last week. It’s still worth a read.
open.substack.com/pub/adamtooz...
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A great conversation about what #Trump might be trying to do re the economy and the flawed process he is employing to get there, by people on the left and right who both want to help workers. #AdamTooze #SohrabAhmari
https://pca.st/658qji1g
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