Daniela Gabor Profile picture
Sep 27, 2020 4 tweets 2 min read Read on X
hmm, given this government's record, the talk of 'giving students their money back' to ease the pain of COVID19 will mean a lot of pain for universities #Marr
we could have instead @AndrewMarr9 discussing the abolition of tuition fees and a return to less commodified higher education, but I guess not.
how you get COVID19 perfect storm for universities:
1. government refuses emergency funding
2. business model reliant on accommodation/catering & foreign students
3. poor track and trace system
4. overpaid VCs forcing staff to do face to face, often without mandatory masks
rhetoric of paying consumer will see attitudes harden, so it will be more difficult for us academic staff to negotiate Corona rules with students when Senior Management prioritises face to face.

dailymail.co.uk/news/article-8…

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More from @DanielaGabor

Apr 24
Wolfgang Streeck dijo uno vez que los bancos centrales son la vanguardia del capital financiero dentro del estado, pero no predijo los aplausos tan fuerte en la lucha de clase.
el gobierno de Petro esta en una guerra distributiva con los financieros en dos frentes:
1. Corto plazo, amenaza profitabilidad: gobierno incremento el salario mínimo y se esta negando implementar austeridad fiscal
2. Estructural: re-nacionalizar pensiones privadas.
1. Los financieros quieren austeridad: inflación/deficit = tasas de interés altas y precios de bonos gubernamentales en baja, rendimientos para tenedores de bonos en baja.

Como dijo un bond trader: para los BlackRocks del mundo, crecimento bajo= rendimientos altos Image
Read 10 tweets
Apr 21
Estoy en una conferencia sobre política monetaria en Colombia, donde hay una lucha abierta entre el Ministerio de Hacienda y el banco central, que ha aumentado las tasas (antes de las elecciones)

el Ministro de Hacienda está cuestionando una política monetaria uberhawkish Image
estamos en un mundo nuevo post liberal donde intensifican las luchas entre gobiernos confrontados con choques (de oferta) y bancos centrales independientes que, para estabilizar, solo pueden/saben subir las tasas de intereses Image
aqui les dejo mis reflexiones Image
Read 7 tweets
Dec 11, 2025
Jay Powell/ Fed have quietly caved to Trump. US central bank independence is now a smokescreen.

not because the Fed lowered interest rates yesterday, as Trump demanded.

Less publicised, but more important, is the Fed decision to purchase USD 40bn of Treasury bills monthly. Image
The Fed calls this Reserve Management Purchases but it's central bank support for government debt (and for Trump's policies more broadly), a form of monetary-fiscal coordination pervasive in the age of fiscal dominance after WW2.
How much is USD 40bn? Recall the recent hype around stablecoin issuers - the companies that Bessent claimed would strengthen US Treasury demand.

These bought USD 40 bn Treasuries over June 2024-June 2025. The Fed would buy in a month what Tether + Circle buy in a year.
Read 8 tweets
Nov 24, 2025
well @ZackPolanski is correct - Bank of England is a public institution.
what it does with government debt it holds is a POLITICAL choice.

it can choose to hold gilts, to sell them, to buy more.
these decisions are informed by economic theories that are profoundly ideological.
Rentoul doesnt know it but his 'good grief' reflects a monetarist choice of Bank - government relationship.

popularised by Milton Fridman, monetarism wants central banks FULLY independent from democratic decisions.

before 2008, this divorce was fully operational
the monetarist divorce unravelled during the 2008 global financial crisis.
central banks HAD TO buy government bonds and stabilise the financial system because these bonds are the arteries of modern finance, without them, booom.
Read 5 tweets
Oct 17, 2024
#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
Sep 29, 2024
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:

Read 6 tweets

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