blai.bsky.social
@blai.bsky.social
Reposted by blai.bsky.social
I personally think 2 is the wrong answer. But this is certainly the right question to be asking.
Which means there are only two interpretations:
1) Block’s theory that the ruling class does not rule because they don’t know how is being confirmed in the most spectacular manner.
2) Trump 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 represented oligarchic interests and we are in a madman dictatorship paradigm.
I’m leaning 2).
1) Block’s theory that the ruling class does not rule because they don’t know how is being confirmed in the most spectacular manner.
2) Trump 𝘥𝘰𝘦𝘴 𝘯𝘰𝘵 represented oligarchic interests and we are in a madman dictatorship paradigm.
I’m leaning 2).
January 12, 2026 at 6:09 PM
I personally think 2 is the wrong answer. But this is certainly the right question to be asking.
Reposted by blai.bsky.social
Interesting to compare how someone like DeLong evaluates resources spent on bubble-fueled private investment versus those spent on, say, public-school salaries. When do we insist on a rigorous cost-benefit analysis? and when do we say say, it's all fine, something useful will probably come of it?
December 5, 2025 at 7:47 PM
Interesting to compare how someone like DeLong evaluates resources spent on bubble-fueled private investment versus those spent on, say, public-school salaries. When do we insist on a rigorous cost-benefit analysis? and when do we say say, it's all fine, something useful will probably come of it?
Reposted by blai.bsky.social
NEW (and I would say groundbreaking) paper from
@gdp-center.bsky.social colleagues mapping the global landscape of climate-related industrial policies.
It finds green industrial policy is increasing fast, is dominated by the Global North + China, and the policy mix differs across countries
@gdp-center.bsky.social colleagues mapping the global landscape of climate-related industrial policies.
It finds green industrial policy is increasing fast, is dominated by the Global North + China, and the policy mix differs across countries
September 22, 2025 at 2:56 PM
NEW (and I would say groundbreaking) paper from
@gdp-center.bsky.social colleagues mapping the global landscape of climate-related industrial policies.
It finds green industrial policy is increasing fast, is dominated by the Global North + China, and the policy mix differs across countries
@gdp-center.bsky.social colleagues mapping the global landscape of climate-related industrial policies.
It finds green industrial policy is increasing fast, is dominated by the Global North + China, and the policy mix differs across countries
Reposted by blai.bsky.social
I'm curious about whether this arbitrage is extending the "insurability" of areas that would otherwise be uninsurable due to increased risk from climate change etc. A convoluted kind of positive externality from finance? 🤔
August 19, 2025 at 6:41 AM
I'm curious about whether this arbitrage is extending the "insurability" of areas that would otherwise be uninsurable due to increased risk from climate change etc. A convoluted kind of positive externality from finance? 🤔
Reposted by blai.bsky.social
Deutsche is Going There, noting the lack of a big USD rally on the latest tariffs shock
March 4, 2025 at 12:49 PM
Deutsche is Going There, noting the lack of a big USD rally on the latest tariffs shock
Reposted by blai.bsky.social
This is why the Chibber et al. anti-woke/anti-PMC stuff is not just politically foolish but irremidiably wrong-headed. They read the result of a management-labour conflict in the tech sector as if it were an organic outgrowth of the universities where *they* work, and the bosses' position...
This to me is one of the central stories about current US politics. The tech barons who decisively threw their support behind Trump wanted commercial benefits, of course; but even more, they wanted to discipline their own employees. That’s the real content of all the anti-DEI stuff.
February 25, 2025 at 2:45 PM
This is why the Chibber et al. anti-woke/anti-PMC stuff is not just politically foolish but irremidiably wrong-headed. They read the result of a management-labour conflict in the tech sector as if it were an organic outgrowth of the universities where *they* work, and the bosses' position...
Reposted by blai.bsky.social
Thanks so much, Guntram. I'm glad you found the piece helpful.
I’d caution against cases where we back a single company, and, if that fails, draw the conclusion that industrial policy as a whole doesn’t work.
I'm afraid the issue requires more contemplation. So a thread on your question.
1/
I’d caution against cases where we back a single company, and, if that fails, draw the conclusion that industrial policy as a whole doesn’t work.
I'm afraid the issue requires more contemplation. So a thread on your question.
1/
Quite liked the rather gloomy paper on the second China shock for Germany by @sandertordoir.bsky.social & Brad Setser. Just one doubt: why so much belief in industrial policy? Looking back at last 5 years, I see that it mostly failed - think Northvolt or Intel. Why optimistic on effectiveness now?
January 23, 2025 at 7:12 AM
Thanks so much, Guntram. I'm glad you found the piece helpful.
I’d caution against cases where we back a single company, and, if that fails, draw the conclusion that industrial policy as a whole doesn’t work.
I'm afraid the issue requires more contemplation. So a thread on your question.
1/
I’d caution against cases where we back a single company, and, if that fails, draw the conclusion that industrial policy as a whole doesn’t work.
I'm afraid the issue requires more contemplation. So a thread on your question.
1/
Reposted by blai.bsky.social
A whole lot of things worth reading in Adam Hanieh’s new book, but this point near the end — that fossil capital’s power is a manifestation of underlying dynamics of capital accumulation rather than a cause in itself of failures to end fossil fuels — seems pretty vital to me.
December 8, 2024 at 9:04 AM
A whole lot of things worth reading in Adam Hanieh’s new book, but this point near the end — that fossil capital’s power is a manifestation of underlying dynamics of capital accumulation rather than a cause in itself of failures to end fossil fuels — seems pretty vital to me.