Phenomenal World
@phenomenalworld.bsky.social
2.8K followers 1.9K following 1.7K posts
Publication of Jain Family Institute. Political economy and critical social sciences. Disponível em PT / disponible en ES. phenomenalworld.org phenomenalworld.org/pt-br phenomenalworld.org/es
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phenomenalworld.bsky.social
“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...
The Anti-Climate Common Sense | Ted Fertik
How a new climate common sense was built and how Trump’s assault threatens its unraveling
www.phenomenalworld.org
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70sbachchan.bsky.social
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...
The Anti-Climate Common Sense | Ted Fertik
How a new climate common sense was built and how Trump’s assault threatens its unraveling
www.phenomenalworld.org
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katemac.bsky.social
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...
India in the New Global Order
The future is triage on an uninsurable earth
www.phenomenalworld.org
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yusufimaadkhan.com
“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
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70sbachchan.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...
phenomenalworld.bsky.social
“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...
The Anti-Climate Common Sense | Ted Fertik
How a new climate common sense was built and how Trump’s assault threatens its unraveling
www.phenomenalworld.org
Reposted by Phenomenal World
Reposted by Phenomenal World
phenomenalworld.bsky.social
“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...
The Anti-Climate Common Sense | Ted Fertik
How a new climate common sense was built and how Trump’s assault threatens its unraveling
www.phenomenalworld.org
Reposted by Phenomenal World
70sbachchan.bsky.social
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...
The Belt and Road 2.0 | Tim Sahay
An interview with Mathias Larsen on China’s overseas clean-tech manufacturing investments
www.phenomenalworld.org
phenomenalworld.bsky.social
“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...
The Anti-Climate Common Sense | Ted Fertik
How a new climate common sense was built and how Trump’s assault threatens its unraveling
www.phenomenalworld.org
Reposted by Phenomenal World
70sbachchan.bsky.social
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...
phenomenalworld.bsky.social
“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
phenomenalworld.bsky.social
“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...
Land Value Politics | Kim Phillips-Fein
An interview with Daniel Wortel-London
www.phenomenalworld.org
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Reposted by Phenomenal World
kevinhartmannc.bsky.social
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/...
Paradojas reformistas | Kevin Hartmann
La nueva arquitectura del sistema pensional colombiano
www.phenomenalworld.org
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yusufimaadkhan.com
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...
Photo of a stacked area chart.

Title: Defense spending surged since the “Global War on Terror”, driven by operations and maintenance.
Subtitle: U.S. Department of Defense budget breakdown (constant 2025 dollars).

Stacked area chart showing defense spending from 1948 to 2024

Y-axis: dollars in billions - from $0bn to $1000bn.
X-axis: years 1948–2024, with a vertical line marking September 2001.

Spending categories in legend:
	•	Operation & Maintenance (red)
	•	Military Personnel (blue)
	•	Procurement (orange)
	•	RDT&E (green)
	•	Military Construction (purple)
	•	Retired Pay, Defense (gray)
	•	Revolving & Mgmt. Funds (light blue)
	•	Family Housing (black)

Key pattern: Spending spikes during Korean and Vietnam wars, renewed Cold War tensions in 70s/80s, and especially after 2001. The post-2001 surge is dominated by Operations & Maintenance.

Caption under chart: Budget Authority by Public Law Title. All figures in constant 2025 dollars (inflation-adjusted). Excluding “Trust, Receipts, and Other.” Source: Department of Defense, National Defense Budget Estimates FY 2025, Table 6-8, p.138. Graphic: Yusuf Imaad Khan.
Reposted by Phenomenal World
Reposted by Phenomenal World
laurarouth.bsky.social
“ … 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...
Insurance in the Polycrisis | Kate Mackenzie & Tim Sahay
The future is triage on an uninsurable earth.
www.phenomenalworld.org
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afterclimate.com.au
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...
Insurance in the Polycrisis | Kate Mackenzie & Tim Sahay
The future is triage on an uninsurable earth.
www.phenomenalworld.org
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katemac.bsky.social
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...
Insurance in the Polycrisis | Kate Mackenzie & Tim Sahay
The future is triage on an uninsurable earth.
www.phenomenalworld.org
phenomenalworld.bsky.social
“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...
Insurance in the Polycrisis | Kate Mackenzie & Tim Sahay
The future is triage on an uninsurable earth.
www.phenomenalworld.org