Reposted by B.
One natural hypothesis is that the rise of a new politically dominant fraction of capital (both in terms of wealth but also cohesiveness) in the form of tech, has undermined the position of the private branch of government of the previous dominant fraction, finance.
January 12, 2026 at 6:22 PM
One natural hypothesis is that the rise of a new politically dominant fraction of capital (both in terms of wealth but also cohesiveness) in the form of tech, has undermined the position of the private branch of government of the previous dominant fraction, finance.
Reposted by B.
The independent central bank is a historical and fairly recent development. If we see it under attack today, I think we should consider the possibility that the it no longer serves the political interests it once did (or that those interests are no longer as dominant.)
January 12, 2026 at 6:21 PM
The independent central bank is a historical and fairly recent development. If we see it under attack today, I think we should consider the possibility that the it no longer serves the political interests it once did (or that those interests are no longer as dominant.)
Reposted by B.
Yes yes yes and yes. And analysts in Europe have been saying this for quite a while too.
January 3, 2026 at 8:57 AM
Yes yes yes and yes. And analysts in Europe have been saying this for quite a while too.