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Mar 9 • 4 tweets • 3 min read
oh wow looking at assets AND liabilities i.e both sides of a balance sheets. some big brained thinking afoot at the IMF.
Maybe debt financed public infrastructure and state owned assets are good again??

loads of rethinking going on at WB/IMF as the West tries to find answers to China's state capitalism. ht @IliasAlami onlinelibrary.wiley.com/doi/full/10.11…
From the producers of the international hit "Washington Consenus", the best-selling series "Liberalization", "Privatization" & "Inequality is bad"??
😱#IMF
in comparison to most university economic depts, IMF's research department is basically Gosplan in the @polycrisis era points out @RajaKorman!

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More from @70sBachchan

Albert Pinto Profile picture
Mar 10
EV advocates should highlight the Big Ag, Big Auto, BigOil frenemy/alliance

The sacrifice zones of farmer friendly biofuel policy— American midwest, Brazil's sugar and Indonesia's palm plantations — are enormous

@NatBullard @colinmckerrache @triofrancos phenomenalworld.org/analysis/cash-…
2/ BigOil & BigAg feed your car
Farmer coalitions won biofuel policies that support their crops. Upto 10% of petrol is X
X= Corn Ethanol in US,
Sugar EtOH in Brazil,
Palm Oil in Indonesia
Biodiesel in EU (palm)

Political buyouts => Habitat destruction
phenomenalworld.org/analysis/cash-… Image
Read 10 tweets
Albert Pinto Profile picture
Mar 9
Don't worry about lithium. Worry about the corn in your cars!

Taken 6 months since our @polycrisis launch to post our first newsletter on just the energy transition. Thanks to @NatBullard slides, it was fun to write. Read and subscribe here: phenomenalworld.org/analysis/cash-… Image
Decarbonization is about
redirecting capitalists’ cash,
retooling cars, and
remaking the chemical basis of fossil fuel civilization.

We track the different plots twists in the climate political economy in our latest @polycrisis dispatch us16.campaign-archive.com/?u=30638b4a175… Image
The days of internal combustion engines may be numbered, but we should expect the unexpected. The entrenched car industry is going to rage against the dying of the light
-Germany & Italy stalled EU ban on ICE cars by 2035
-RW fight against "15 min city"
phenomenalworld.org/analysis/cash-…
Read 14 tweets
Albert Pinto Profile picture
Mar 9
Don't worry about lithium. Worry about the corn in your cars.

Sign up here for our latest @polycrisis dispatch. Out tomorrow.
phenomenalworld.org/series/the-pol…
Gravitational pull of US energy demand on biosphere. Last time it made a law intended to reduce fossil fuels -RFS subsidy for corn ethanol/biodiesel in 2007- rainforests & peatlands in Borneo were destroyed.

CO2 emissions ~1 billion tons! ht @AbrahmL
features.propublica.org/palm-oil/palm-…
All the metals the world mined last year. You have to really squint to find the lithium. You really gotta worry more about the habitat destroying corn in your car! features.propublica.org/palm-oil/palm-…
visualcapitalist.com/all-the-metals…
Read 9 tweets
Albert Pinto Profile picture
Mar 8
"If India is buying a fleet of fighter planes from, say, France, it knows that lynching & a little mass murder will, at most, get a delicate finger-wag. A big market is excellent insurance against moral censure."
-Arundhati Roy amp.cnn.com/cnn/2022/06/22…
In Cold War, US protected authoritarians. Is US now looking the other way as Modi turns screws in Kashmir & on India's muslims?

Declassified US Indo-Pacific strategy "outlines a major expansion of military,intelligence,& diplomatic support to India'
axios.com/2021/01/12/ind…
"The Biden administration considers India a critical counterweight to China. So the U.S. is often reluctant to publicly say anything that might undermine this convenient alliance"

Secretary of State Blinken to US diplomats: whatever you say, say nothing.
politico.com/newsletters/na…
Read 5 tweets
Albert Pinto Profile picture
Mar 4
1. Economy is embedded in physical & social realities; Cannot be analyzed on its own. The industrial economy is entropic.
2. Ecological values -livelihood, sacredness,relevance to future generations-cannot be translated into money
3. Trade has been "ecologically unequal exchange”
Thread on insights from Barcelona School of Political ecology link.springer.com/book/10.1007/9…
We hear loads about "financialized" economy. And weightless economy of Tech giants & services in GDP & ppl in cities.
Meanwhile,"Production of concrete, metal, plastic, bricks & asphalt greater than mass of living matter on planet" & never been higher
anthropomass.org
Read 7 tweets
Albert Pinto Profile picture
Mar 3
Theres not one but three distinct globalizations. ht @adam_tooze @HyunSongShin

Cotton - Labor intensive indsutrialization that lifted millions of Chinese, Bangladeshis out of poverty.

Cars - E Asia, Europe, N Am

Chips - Japanese, Chinese, Korean, US.
adamtooze.substack.com/p/chartbook-19…
Each of these globalization networks - Cotton, Cars, Chips, Carbon - were thrown into chaos with Covid crisis. Millions of workers thrown out of work as consumption patterns changed.

Thread tracking Covids impact on globalization. Here's Cotton:
Here's cars
Read 7 tweets

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