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Daniela Gabor Profile picture
@DanielaGabor
Jun 16, 2020 • 6 tweets • 3 min read • Read on X
when you RT BLM but design RCTs that put poor people in the Global South through evangelical training to 'evaluate' if that is a way out of poverty.
cc @ingridharvold @DivDecEcon
incidentally, this validates Global South/heterdox econ critiques of RCTs not only for its hugely problematic ethics, but its dismissal of structural accounts of poverty

and if you think, ah, just 'scientists' observing, think again Image
not to mention reputation laundering for deeply conservative, anti-abortion evangelical groups 'solving' poverty #UnderHisEye style
the business model of the evangelical group International Care Missions: get rice and soy donations in the US, transport to Philippines to 'free poor from emotional and spiritual bondage'.
next stop Uganda cc @crystalsimeoni @wangkinoti ImageImage
plus some 'tax-deductible charity' banquets in Hong Kong Image

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More from @DanielaGabor

Daniela Gabor Profile picture
Oct 17
#WallStreetConsensus & its failure to mobilise trillions in @FT

4 things missing:
a) hegemonic dominance of 'mobilising private finance' in development/climate
b) asking why hegemony
c) mushrooming scaling up initiatives
d) do we want success?

ft.com/content/481dc5…
a) Mobilising private finance remains global game - (Bridgetown, Biodiversity COP16, 4th Financing for Development conf) & national game (UK Labour gov, Brazil/Colombia/Chile decarbonisation).
*The world's most powerful political narrative that doesnt deliver
b) hegemonic not (just) because Big Finance is powerful, but postneoliberal, transformative state cant get rid of neoliberal macro - independent central bank dominating fiscal.

without macroinstitutional change- How do we pay for transformation- only one answer: private finance
Read 7 tweets
Daniela Gabor Profile picture
Sep 29
this is what financial capitalism looks like -

when Big Finance occupies the state and takes over the social contract, nurses struggle, grandparents struggle, parents struggle, renters struggle, private equity flourishes.
Institutionally owned nursing homes:

Institutionally owned agro

Read 6 tweets
Daniela Gabor Profile picture
Sep 9
what Draghi's report on Europe's competitiveness tells us about political economy of post-neoliberalism

1. The good:
kills neoliberal industrial policy = innovation policy while 'infant industries' is back, baby!
Image
no punches pulled on the Commission's Net Zero Industrial Act, the 2022 attempt to respond to Biden's Inflation Reduction Act with a lot of derisking talk but no money (ahem, European Sovereignty Fund) Image
Climate policy is industrial policy, and the other way around.

An important reminder that EU's climate policy was once ambitious, state-driven decarbonisation. Image
Read 10 tweets
Daniela Gabor Profile picture
Aug 23
Brian Deese w new #WallStreetConsensus proposal: Climate Marshall Plan & its derisking arm, Clean Energy Finance Authority.

Not old Marshall Plan 90% financed with US grants, but a derisking project, counterpoint to China's BRI & cleantech dominance

foreignaffairs.com/united-states/…
the Clean Energy Finance Authority would subsidize foreign demand for US cleantech - or derisk BlackRock renewable assets in say, Kenya with subsidies/guarantees. Image
nothing in this proposal from a top Kamala Harris advisor suggests US should enable technology transfers to countries wishing to pursue their own domestic cleantech capabilities.

in #WallStreetConsensus, Global South are consumers of American cleantech, with American dollars.
Read 7 tweets
Daniela Gabor Profile picture
Apr 16
Two amazing Global South progressives and a Nobel prize winner walk into an Oxfam panel on post-neoliberalism Image
Stiglitz: w neoliberalism, the growth of financial markets changed the political game tremendously
Lula 's special advisor @AAbdenur - clear mismatch - Global North openly exposing industrial policy but pushing IMF/World Bank to continue with austerity and partnerships for hyper-financialisation
Read 12 tweets
Daniela Gabor Profile picture
Mar 25
missing from this @FT account of the rapid rise of infrastructure as an asset class is the sustained effort that G20 governments have put into derisking infrastructure assets for institutional capital - this is the derisking state in action #WallStreetConsensus Image
@FT with @BJMbraun we've termed this a weak derisking macrofinancial regime - a set of policies (as in the G20 Infrastructure as an Asset Class agenda, or World Bank Maximising Finance for Development) that seeks to mobilise private capital into infrastructure
osf.io/preprints/soca…
Image
BlackRock 's recent acquisition of GIP is a bet that governments - under ideological or real constraints on fiscal space - will not pursue public infrastrucuture projects but instead continue to derisk private capital

Read 6 tweets

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