Scott James
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drscottjames.bsky.social
Scott James
@drscottjames.bsky.social

Reader in Political Economy, King’s College London
www.kcl.ac.uk/people/dr-scott-james
IPE of finance and tech, monetary politics, City of London
BANK POLITICS (OUP, 2023)
https://global.oup.com/academic/product/bank-politics-9780192898609?cc=gb&lang=en& .. more

Political science 38%
Economics 34%
Pinned
New article with Lucia Quaglia on how EU banks and EU regulators engaged in ‘noisy geopolitics’ by leveraging the digital sovereignty agenda to push for tighter controls on (US) bigtechs. Part of a special issue on ‘Transformation of Banking’ in Competition and Change
doi.org/10.1177/1024...

We’d also discover pretty quickly how many TACO trades need unwinding

This will be a real test of American exceptionalism in global finance. Treasury markets will have a tolerance threshold which won’t be the next Fed chair, but it might be weaponising swap lines against Europe
If you think he's going to play nicely in markets/finance then I love that for you. Adorable.

My thing this weekend:

What is to stop Trump upending the rules in global finance too? - as.ft.com/r/53e52459-8...
What is to stop Trump upending the rules in global finance too?
[FREE TO READ] Action against Venezuela and sabre-rattling towards Greenland point to risks in US president’s approach to the Fed
as.ft.com
If you think he's going to play nicely in markets/finance then I love that for you. Adorable.

My thing this weekend:

What is to stop Trump upending the rules in global finance too? - as.ft.com/r/53e52459-8...
What is to stop Trump upending the rules in global finance too?
[FREE TO READ] Action against Venezuela and sabre-rattling towards Greenland point to risks in US president’s approach to the Fed
as.ft.com

I can’t unsee this

Interesting comments on this

We’re going to need another name for ‘tokenised interest bearing commercial bank deposits’ and it will physically age me
Interest-bearing CBDCs? Sort of(ish)
China pivots its digital currency strategy
www.ft.com

For me the value of neoroyalism is thinking about how (new) clique networks of enrichment are layered onto existing Westphalian / liberal institutions: not as a transition from one order to another, but as a source of conflict, contradiction and struggle for power working itself out over time

A reminder that the post-2010 road to Brexit was first and foremost about defending the interests of the City; and that the impact on finance has been less damaging than it claimed

Global finance: Plus ça change, plus c'est la même chose
UK to exclude financial services from push for closer EU alignment
City of London firms have been lobbying against a return to Brussels rules
www.ft.com

Reposted by James Scott

oh no. please god no.
i have blocked a lot of AI shite from my email but i fear this might get through somehow

Classical realism 🤝 Broligarchy

Crypto-realism?
‘Hours before the United States military arrested and abducted Venezuelan President Nicolás Maduro, an anonymous user on the prediction market Polymarket was betting thousands of dollars that an invasion was imminent.’
Monetizing Regime Change - The American Prospect
It is trivially easy for administration officials to use prediction markets to bet on the policies they authorize. We may have just seen it in Venezuela.
prospect.org

‘Hours before the United States military arrested and abducted Venezuelan President Nicolás Maduro, an anonymous user on the prediction market Polymarket was betting thousands of dollars that an invasion was imminent.’
Monetizing Regime Change - The American Prospect
It is trivially easy for administration officials to use prediction markets to bet on the policies they authorize. We may have just seen it in Venezuela.
prospect.org

Agree India is strong evidence. Interesting to think through empirical expectations re confrontation over Taiwan (less likely?) and how neoroyalism might be integrated with FPA analysis of bureaucratic politics and business power in Trump’s dysfunctional Court

An important corrective to prevailing realist framings. Though I suspect in practice there is considerable scope to reconcile neoroyalist extractivism vs spheres of influence perspectives as pushed by competing foreign policy courtiers around Trump
1/Leaders are abducted/allies are threatened but pundits and governments are scratching their heads on what the US is doing. Danish PM on Greenland "It makes absolutely no sense". Why? Because actors using old IR models when we need a new lens. Enter neo-royalism.
abcnews.go.com/Internationa...
Denmark's PM urges Trump to 'stop the threats' of annexing Greenland
The prime minister of Denmark called on Trump to “stop the threats” of the U.S. annexing Greenland after renewed comments garnered international attention.
abcnews.go.com
1/Leaders are abducted/allies are threatened but pundits and governments are scratching their heads on what the US is doing. Danish PM on Greenland "It makes absolutely no sense". Why? Because actors using old IR models when we need a new lens. Enter neo-royalism.
abcnews.go.com/Internationa...
Denmark's PM urges Trump to 'stop the threats' of annexing Greenland
The prime minister of Denmark called on Trump to “stop the threats” of the U.S. annexing Greenland after renewed comments garnered international attention.
abcnews.go.com

Someone in IR should claim Veblenian conspicuous warfare as a thing

Look forward to reading this Jacquie!

Reposted by James Scott

Today, @amandaparsons.bsky.social explains how the crypto industry is partnering with government institutions to craft demand for a currency that hardly anyone uses.
The Anarchist Currency with a Government Sponsor
Despite its professed commitment to radical libertarianism and anarchy, the crypto industry is actively cultivating government intervention in markets on its behalf. From recruiting states to accept…
lpeproject.org

Stablecoins as Hegelian dialectic👌

Tbh I don’t think Genius is quite the win for crypto that we, or the defi industry, thought it was. Wall St will be just fine.

Problematically this conflates multiple issues: unregulated offshore Tether and Bitcoin which may pose threat to EMs but less so Europe or China; and onshore Genius Act compliant Circle, JPM Coin etc which will likely integrate with tradfi to access Fed reserves
Why the world should worry about stablecoins
Dollar-based digital currencies offer benefits for the US, but Britain and the EU are better off resisting them
www.ft.com

🚨 They put the old band back together
David Runciman, Helen Thompson, and I reassembled what once would have been a FiveThirtyEight x Talking Politics podcast crossover while I was in London.

Call it the ghosts of two podcasts past!

It'll be in the GD POLITICS podcast feed later today!

David Runciman, Helen Thompson, and I reassembled what once would have been a FiveThirtyEight x Talking Politics podcast crossover while I was in London.

Call it the ghosts of two podcasts past!

It'll be in the GD POLITICS podcast feed later today!

Every academic, always
www.ft.com/content/573d...

The Rock is always surprised