New Left EViews
@newlefteviews.bsky.social
Economist, researcher, writer etc • Int'l & European political economy, geoeconomics, climate, history • 1/3 of 'Eurotrash' and host of 'States and Markets', writing a book on trade
The tube’s flooring looks like it has ggplot’s viridis colour palette and I need to get a life
February 11, 2026 at 3:54 PM
The tube’s flooring looks like it has ggplot’s viridis colour palette and I need to get a life
Reposted by New Left EViews
Made a chart (Re: EU-Mercosur-India trade deals).
Was struck by how small the share of exports with Japan is, but digging deeper, since the 2018 EU-JP Trade Agreement, bilateral total (goods and services) trade soared by 20%, albeit from low baseline. Lends credence to the 'much potential' take?
Was struck by how small the share of exports with Japan is, but digging deeper, since the 2018 EU-JP Trade Agreement, bilateral total (goods and services) trade soared by 20%, albeit from low baseline. Lends credence to the 'much potential' take?
January 28, 2026 at 5:13 PM
Made a chart (Re: EU-Mercosur-India trade deals).
Was struck by how small the share of exports with Japan is, but digging deeper, since the 2018 EU-JP Trade Agreement, bilateral total (goods and services) trade soared by 20%, albeit from low baseline. Lends credence to the 'much potential' take?
Was struck by how small the share of exports with Japan is, but digging deeper, since the 2018 EU-JP Trade Agreement, bilateral total (goods and services) trade soared by 20%, albeit from low baseline. Lends credence to the 'much potential' take?
Made a chart (Re: EU-Mercosur-India trade deals).
Was struck by how small the share of exports with Japan is, but digging deeper, since the 2018 EU-JP Trade Agreement, bilateral total (goods and services) trade soared by 20%, albeit from low baseline. Lends credence to the 'much potential' take?
Was struck by how small the share of exports with Japan is, but digging deeper, since the 2018 EU-JP Trade Agreement, bilateral total (goods and services) trade soared by 20%, albeit from low baseline. Lends credence to the 'much potential' take?
January 28, 2026 at 5:13 PM
Made a chart (Re: EU-Mercosur-India trade deals).
Was struck by how small the share of exports with Japan is, but digging deeper, since the 2018 EU-JP Trade Agreement, bilateral total (goods and services) trade soared by 20%, albeit from low baseline. Lends credence to the 'much potential' take?
Was struck by how small the share of exports with Japan is, but digging deeper, since the 2018 EU-JP Trade Agreement, bilateral total (goods and services) trade soared by 20%, albeit from low baseline. Lends credence to the 'much potential' take?
Reposted by New Left EViews
Agree with Karthik that weaponising centrality in that domain is self-terminating.
January 17, 2026 at 3:51 PM
Agree with Karthik that weaponising centrality in that domain is self-terminating.
The miserable thing about the dollar system is that developing countries get screwed on the way up (refinancing-, debt servicing- and import costs rise) and on the way down (lower value of their dollar-denominated sovereign debt means higher yields).
January 27, 2026 at 9:21 PM
The miserable thing about the dollar system is that developing countries get screwed on the way up (refinancing-, debt servicing- and import costs rise) and on the way down (lower value of their dollar-denominated sovereign debt means higher yields).
These USDJPY days must be field days for @rajakorman.bsky.social
January 26, 2026 at 10:11 PM
These USDJPY days must be field days for @rajakorman.bsky.social
Reposted by New Left EViews
whole heartedly agree about this though. an absolutely necessary first step.
For non-UK, what's more crucial for sovereignty and geopolitical leverage, especially regarding the holdings of US assets, is the creation of a deep market for joint liabilities for a global euro.
A great recent piece by the mighty @shahinvallee.bsky.social:
www.phenomenalworld.org/analysis/a-g...
A great recent piece by the mighty @shahinvallee.bsky.social:
www.phenomenalworld.org/analysis/a-g...
January 20, 2026 at 7:21 PM
whole heartedly agree about this though. an absolutely necessary first step.
Reposted by New Left EViews
Nice dip into the rise of loneliness in China by @newlefteviews.bsky.social
jacobin.com/2026/01/chin...
jacobin.com/2026/01/chin...
China Came Late to Capitalism but Early to Its Pathologies
In China, the number of single-person households has increased along with rates of loneliness. In this respect, China is not unique. It is simply suffering from the same social dislocation affecting a...
jacobin.com
January 20, 2026 at 7:27 PM
Nice dip into the rise of loneliness in China by @newlefteviews.bsky.social
jacobin.com/2026/01/chin...
jacobin.com/2026/01/chin...
For non-UK, what's more crucial for sovereignty and geopolitical leverage, especially regarding the holdings of US assets, is the creation of a deep market for joint liabilities for a global euro.
A great recent piece by the mighty @shahinvallee.bsky.social:
www.phenomenalworld.org/analysis/a-g...
A great recent piece by the mighty @shahinvallee.bsky.social:
www.phenomenalworld.org/analysis/a-g...
January 20, 2026 at 4:58 PM
For non-UK, what's more crucial for sovereignty and geopolitical leverage, especially regarding the holdings of US assets, is the creation of a deep market for joint liabilities for a global euro.
A great recent piece by the mighty @shahinvallee.bsky.social:
www.phenomenalworld.org/analysis/a-g...
A great recent piece by the mighty @shahinvallee.bsky.social:
www.phenomenalworld.org/analysis/a-g...
A lot of this is custody for US assets owned by non-UK entities under UK jurisdiction. It doesn’t mean they cant be leveraged, but the UK would have diminish London’s status as safe haven for this sort of activity. (hahaha_yes_sickos.jpeg).
I’m just curious why they’ve risen so sharply—any ideas?
I’m just curious why they’ve risen so sharply—any ideas?
Starmer is wrong to opt for suppliance on the basis that the UK has no leverage over the US. British holdings of Treasuries have ballooned and surpassed China's. European holdings overall are major.
January 20, 2026 at 3:37 PM
A lot of this is custody for US assets owned by non-UK entities under UK jurisdiction. It doesn’t mean they cant be leveraged, but the UK would have diminish London’s status as safe haven for this sort of activity. (hahaha_yes_sickos.jpeg).
I’m just curious why they’ve risen so sharply—any ideas?
I’m just curious why they’ve risen so sharply—any ideas?
Reposted by New Left EViews
Great thread on central bank independence by DL. Worth your 2 minutes
The gist is that the growth of central bank power became a convenient foil for populist politics, both left and right, which in turn has provoked a lot of centrist pearl-clutching about 'independence'. All of this is misguided, but people remain deeply committed to versions of this narrative.
🧵
1/n
🧵
1/n
My weekend essay in @unherd.com on why central bank independence is a distraction. The real danger lies not with unelected technocrats but in the aggrandisement of power by authoritarians and the global financial sector—that’s true even for the Fed.
unherd.com/2026/01/the-...
unherd.com/2026/01/the-...
January 20, 2026 at 1:00 PM
Great thread on central bank independence by DL. Worth your 2 minutes
Starmer is wrong to opt for suppliance on the basis that the UK has no leverage over the US. British holdings of Treasuries have ballooned and surpassed China's. European holdings overall are major.
January 20, 2026 at 1:14 PM
Starmer is wrong to opt for suppliance on the basis that the UK has no leverage over the US. British holdings of Treasuries have ballooned and surpassed China's. European holdings overall are major.
Reposted by New Left EViews
Is China exceptional or just another case of industrial development?
A striking recent data point implies the answer might be: both. I argue that solo households are both a sign of great success and that China can't escape global 'dual economy' dynamics.
jacobin.com/2026/01/chin...
A striking recent data point implies the answer might be: both. I argue that solo households are both a sign of great success and that China can't escape global 'dual economy' dynamics.
jacobin.com/2026/01/chin...
China Came Late to Capitalism but Early to Its Pathologies
In China, the number of single-person households has increased along with rates of loneliness. In this respect, China is not unique. It is simply suffering from the same social dislocation affecting a...
jacobin.com
January 19, 2026 at 3:06 PM
Is China exceptional or just another case of industrial development?
A striking recent data point implies the answer might be: both. I argue that solo households are both a sign of great success and that China can't escape global 'dual economy' dynamics.
jacobin.com/2026/01/chin...
A striking recent data point implies the answer might be: both. I argue that solo households are both a sign of great success and that China can't escape global 'dual economy' dynamics.
jacobin.com/2026/01/chin...
Reposted by New Left EViews
"The more dramatic and speedy the capitalist development, the greater the severity of the social dislocations that generate these dual-economy patterns."
Good synthesis of China's political economic and demographic crises
Good synthesis of China's political economic and demographic crises
China Came Late to Capitalism but Early to Its Pathologies
In China, the number of single-person households has increased along with rates of loneliness. In this respect, China is not unique. It is simply suffering from the same social dislocation affecting a...
jacobin.com
January 19, 2026 at 5:53 PM
"The more dramatic and speedy the capitalist development, the greater the severity of the social dislocations that generate these dual-economy patterns."
Good synthesis of China's political economic and demographic crises
Good synthesis of China's political economic and demographic crises
Reposted by New Left EViews
There’s a wonderful clarity to Dominik’s writing here:
Is China exceptional or just another case of industrial development?
A striking recent data point implies the answer might be: both. I argue that solo households are both a sign of great success and that China can't escape global 'dual economy' dynamics.
jacobin.com/2026/01/chin...
A striking recent data point implies the answer might be: both. I argue that solo households are both a sign of great success and that China can't escape global 'dual economy' dynamics.
jacobin.com/2026/01/chin...
China Came Late to Capitalism but Early to Its Pathologies
In China, the number of single-person households has increased along with rates of loneliness. In this respect, China is not unique. It is simply suffering from the same social dislocation affecting a...
jacobin.com
January 19, 2026 at 4:20 PM
There’s a wonderful clarity to Dominik’s writing here:
Is China exceptional or just another case of industrial development?
A striking recent data point implies the answer might be: both. I argue that solo households are both a sign of great success and that China can't escape global 'dual economy' dynamics.
jacobin.com/2026/01/chin...
A striking recent data point implies the answer might be: both. I argue that solo households are both a sign of great success and that China can't escape global 'dual economy' dynamics.
jacobin.com/2026/01/chin...
China Came Late to Capitalism but Early to Its Pathologies
In China, the number of single-person households has increased along with rates of loneliness. In this respect, China is not unique. It is simply suffering from the same social dislocation affecting a...
jacobin.com
January 19, 2026 at 3:06 PM
Is China exceptional or just another case of industrial development?
A striking recent data point implies the answer might be: both. I argue that solo households are both a sign of great success and that China can't escape global 'dual economy' dynamics.
jacobin.com/2026/01/chin...
A striking recent data point implies the answer might be: both. I argue that solo households are both a sign of great success and that China can't escape global 'dual economy' dynamics.
jacobin.com/2026/01/chin...
The gist is that the growth of central bank power became a convenient foil for populist politics, both left and right, which in turn has provoked a lot of centrist pearl-clutching about 'independence'. All of this is misguided, but people remain deeply committed to versions of this narrative.
🧵
1/n
🧵
1/n
My weekend essay in @unherd.com on why central bank independence is a distraction. The real danger lies not with unelected technocrats but in the aggrandisement of power by authoritarians and the global financial sector—that’s true even for the Fed.
unherd.com/2026/01/the-...
unherd.com/2026/01/the-...
The big central banking lie
unherd.com
January 18, 2026 at 9:15 PM
The gist is that the growth of central bank power became a convenient foil for populist politics, both left and right, which in turn has provoked a lot of centrist pearl-clutching about 'independence'. All of this is misguided, but people remain deeply committed to versions of this narrative.
🧵
1/n
🧵
1/n
Reposted by New Left EViews
My weekend essay in @unherd.com on why central bank independence is a distraction. The real danger lies not with unelected technocrats but in the aggrandisement of power by authoritarians and the global financial sector—that’s true even for the Fed.
unherd.com/2026/01/the-...
unherd.com/2026/01/the-...
The big central banking lie
unherd.com
January 17, 2026 at 2:38 PM
My weekend essay in @unherd.com on why central bank independence is a distraction. The real danger lies not with unelected technocrats but in the aggrandisement of power by authoritarians and the global financial sector—that’s true even for the Fed.
unherd.com/2026/01/the-...
unherd.com/2026/01/the-...
Reposted by New Left EViews
It’s crazy that Canada would jeopardize its alliance with the US because it needs that alliance in order to protect Canada from the only country that has a potential motive, the geographic proximity, and military capability to invade Canada, which is oh never mind..
January 17, 2026 at 9:21 PM
It’s crazy that Canada would jeopardize its alliance with the US because it needs that alliance in order to protect Canada from the only country that has a potential motive, the geographic proximity, and military capability to invade Canada, which is oh never mind..
Reposted by New Left EViews
Every time I pass a fountain, I toss a euro in and wish for the end of dollar hegemony.
www.phenomenalworld.org/analysis/a-g...
www.phenomenalworld.org/analysis/a-g...
January 12, 2026 at 1:38 AM
Every time I pass a fountain, I toss a euro in and wish for the end of dollar hegemony.
www.phenomenalworld.org/analysis/a-g...
www.phenomenalworld.org/analysis/a-g...
Reposted by New Left EViews
This is very good but in a way the conclusion is even worse than @newlefteviews.bsky.social describes. The power to be prioritised in the next crisis imv will sit with major hedge funds who are now guardians or purveyors of liquidity in Treasuries and Gilts.
unherd.com/2026/01/the-...
unherd.com/2026/01/the-...
The big central banking lie
unherd.com
January 17, 2026 at 5:35 PM
This is very good but in a way the conclusion is even worse than @newlefteviews.bsky.social describes. The power to be prioritised in the next crisis imv will sit with major hedge funds who are now guardians or purveyors of liquidity in Treasuries and Gilts.
unherd.com/2026/01/the-...
unherd.com/2026/01/the-...
Reposted by New Left EViews
Very nice. ICYMI, Luttwak wrote was what a remarkably prescient piece in the 1990s about the antecedents and probably consequences of ceding macroeconomic management to central bankers. Quite apart from what he is now, this piece really does stand out.
www.lrb.co.uk/the-paper/v1...
www.lrb.co.uk/the-paper/v1...
January 17, 2026 at 4:20 PM
Very nice. ICYMI, Luttwak wrote was what a remarkably prescient piece in the 1990s about the antecedents and probably consequences of ceding macroeconomic management to central bankers. Quite apart from what he is now, this piece really does stand out.
www.lrb.co.uk/the-paper/v1...
www.lrb.co.uk/the-paper/v1...
Reposted by New Left EViews
The other "Incredibly Prophetic Luttwak LRB Piece from the 1990s" is of course this one, tho' I think it's been rediscovered more recently (Blyth I think posted it with some incredulity a few years ago).
www.lrb.co.uk/the-paper/v1...
www.lrb.co.uk/the-paper/v1...
January 17, 2026 at 4:23 PM
The other "Incredibly Prophetic Luttwak LRB Piece from the 1990s" is of course this one, tho' I think it's been rediscovered more recently (Blyth I think posted it with some incredulity a few years ago).
www.lrb.co.uk/the-paper/v1...
www.lrb.co.uk/the-paper/v1...