/THREAD/ I have lots of thoughts after reading @paologerbaudo The Great Recoil, but unfortunately they are all scattered, so in lieu of a blog post, I thought I would share my reading notes with companion links like I did above.
2. I was unfamiliar with Soviet economist Nikolai Kondratieff`s ideological cycles. Calls to mind Peter Turchin`s cliodynamics. In a running theme throughout the book, the right, notably Steve Bannon, has their pet theories of cycles washingtonpost.com/entertainment/…
3. "Precisely by virtue of its indeterminacy [on Laclau’s empty signifiers]" (p.40): When Trump`s candidacy was still regularly dismissed, I felt obliged to write a post warning of danger from my uni dorm room. This essay constituted core of my argument. theatlantic.com/entertainment/…
4. "[Neoliberalism] ability to present itself as an emancipatory project” (p. 83-84): We shouldn't have been surprised, if we only bothered to read conservative writings, we`d know that "make privilege popular" strain goes back to Burke, argues @CoreyRobinvox.com/policy-and-pol…
5. "political impotence...Corrosive for democracy" (p. 90) In a wonderful lecture, @yanisvaroufakis poses the Q: Why are politicians so much less talented today? A: Political sphere is "completely powerless". Power drifted to finance (37:00-45:00)
6. "devil`s bargain never came to fruition" (p. 91): In other words, Varoufakis gives a firm "no" to another Q posed in title of @rkuttnerwrites book, Can Democracy Survive Global Capitalism? And legitimation increasingly theatrical prospect.org/economy/neolib…
7. "Real risk [is not watermelon politics, trope used by conservative politicians to paint progressive adversaries concern for environment as Trojan Horse for Communism] is rather that of eco-fascism”(p.110) learned a lot from @nils_gilman#AvocadoPoliticsthebreakthrough.org/journal/no-12-…
8. "Obedience toward sovereign...Contingent on credible offer of protection" (p. 115): Like @CoreyRobin, I`ve been thinking about this @ezraklein oped on strange lack of revolution given climate breakdown. Agree w/ Robin didn't receive enough attention
9. "[Discussing Plato's ship metaphor] ppl constituting the electorate often find themselves inebriated” (p. 132): In Against Democracy, political theorist Jason Brennan argued uninformed voting is like drunk driving. vox.com/2018/7/23/1758…
10. "Raise the question of whether ...ppl are really inebriated" (p. 134): @astradisastra wonderful documentary, What is Democracy?, forcefully shatters this myth, taking a tour around the world to democracy's ancient roots zeitgeistfilms.com/film/whatisdem…
11. "Reconcile expertise with democracy" (p. 134): Loved @bethnoveck formulation of ancient tension in Smarter Citizens, Smarter State, "democracy can't dominate lest it destroy expertise and expertise cannot dominate lest it destroy democracy"
12. "Flight of working class vote" (p. 145): via @TheEconomist
14. "The nationalist right had significantly expanded a trend that already existed" (p. 150): In his chapter on the politics Nixon pioneered in Ages of American Capitalism, @_jonlevy makes claim he was "last Keynesian, first Trumpist". Evidence checks out too
16. "Behind the software...Real ppl" (p. 188): The sociologist starts a recent paper, The Society of Algorithms, with an excellent quote "the algorithm has taken a particularly mythic role....Allowing it to wear a garb of divinity."
17. "Stimulus programmes...Protect big firms" (p. 200).... @matthewstoller perspective "no inherent money neutrality... Must be constructed by institutional arrangements" seems relevant mattstoller.substack.com/p/the-cantillo…
18. "EU has deepened national enmities" (p. 244): In And the Weak Suffer what they Must, @yanisvaroufakis describes this irony at the heart of the European project "a reverse alchemy"
19. "Most remarkable phenomena..Is the return of long-discredited planning” (p. 258): This is an appropriate place to end the neo-statist or perhaps genuinely progressive post-capiralist transformation? This @maxkrahe piece appeared in @FT. The FT! ft.com/content/542375…
/END/ If you’re interested in thinking/pushing/planning what comes next after neoliberalism to avoid muddling into dystopic future, buy his book! versobooks.com/books/3774-the…
/THREAD/Probably too long of a passage to tweet out in a thread, but worth taking up the space on my feed, from Will & Ariel Durant's Lesson of History (1968): "We are willing to try a new approach...We are not afraid your economic system will displace ours, nor need you fear...
2. "We believe that each system will learn from the other and live w/ it in co-operation and peace...We ask you [referring to the Communist powers, Russia & China] to join us in defiance of history, this resolve to extend courtesy and civilization to the relations among states...
3."We pledge our honor before all mankind to enter this venture...If we lose in the historic gamble, the results couldn't be worse than.. we may expect from a continuation of traditional policies. If we succeed shall merit a place for centuries in the grateful memory of mankind."
/THREAD/ This afternoon read @goldkorn interview with @doumenzi, which covered China's turn and end of globalization, topics I've been thinking about since I read her article, China's Governance Implosion.
A useful primer on imperial legacy of Orwellian "some people are more equal than others" approach to migration economist.com/china/2022/04/…
Another Economist article on global trend, Autocrats See Opportunity in Disaster economist.com/leaders/2020/0…
Q2: Xi's Churchill Complex?
Encountered a '05 Menand review which notes the trouble of fixating on Churchill's leadership style. On complex matter that doesn't fit neatly into grand narrative, wrong inspiration. COVID is one, Indian independence another newyorker.com/magazine/2005/…
/THREAD/ Lately, I've been thinking about the ways my two chief interests—China and the Fed— combine. Paraphrasing his Rhodium boss, @jordanschnyc once gave a clue highlighting how the Party, like the Fed, retreats to the presumed safety of status quo whenever flirts with reform.
2. To entertain this observation, I would like to pull a section from a episode of #Oddlots hosted by @tracyalloway@TheStalwart feat. Viktor Shevets. It contains his review of the Mian & Sufi on inequality as driving factor of declining r* (19:20-30:00).
3. The headline conclusion, which perhaps you can take with a grain of salt as Shevets is first to admit he is not always right (e.g. Chinese equities), is "2022 will year of removal of fiscal & monetary supports, '23/'24 will be year of putting back on." (49-50:15)
/THREAD/ Recently, @KatharinaPistor recommendation of the intellectual biography genre convinced me that I should read this Hirschman biography since it caught my eye in the @BostonReview and I noted relevance to @M_C_Klein overshoot to @adam_tooze in Sep.
2. I intend to catalog my reading notes according to his view of underdevelopment as the "difficulty to take the decisions needed for development in required number and required speed." ( p.80) Speed & scale points me in two directions—climate and China
3. Green transition away from @michiokaku Level 0 civilization is necessary reminder every country is underdeveloped. China also a natural case study, as @JonathanWoetzel once said, its industrialization was 100x as large, 10x as fast, 1000x impact (12:-)
/Part II/ "The comprehensive plan...an important strategic device." When he was writing about comprehensive plans in Latin America, hear some rhyming to climate policymaking. Given bargaining logic, @adam_tooze wondered in April 2021 why not go bigger?
26. "failure complex of fracasomania, or 'the insistence of yet another failure'" (p.138). Easy to reach for this rhetoric after COP's, but misses something, @dwallacewells writes, "the strikers and their allies...did win something. Climate change isn’t just for die-hards anymore
27. Issues migrating to folks with lower thresholds for public attention/participation is how transformations spread like contagions, one of Hirshman's unlikely admirers, Cass Sunstein (p. 130-31), wrote in How Change Happens. nymag.com/intelligencer/…
2. Given Leonard is a business reporter, not a left-leaning political theorist, there is a surprising amount of overlap between their two books, probably related to the challenges GFC posed to political order. This is where Leonard's story begins w/ unknown figure Thomas Hoenig
3. Leonard sets the opening scene well in a @cwclub conversation with @Lenny_Mendonca. With the success of Tea Party in 2010 midterms, it was apparent that the Fed would become the only game in town, as @elerianm would later write