ADAM TOOZE

@policytensor @MaxJerneck @LeusderListicle What I am saying is that to call it a wager is to exaggerate. It is to fall into a paralyzing scare-mongering discourse. The proposals are relatively minor adjustments in the ecology of the EU’s welfare/tax system. And they get that they have to be generously socially balanced.

RT @adrien_fabre: @adam_tooze Note that @PLudosky, the initiator of the Yellow Vests (she created the petition against fuel price increases…

@policytensor @MaxJerneck @LeusderListicle Ive been thinking about this non stop since yesterday. I think it may help to be clear about the trans-Atlantic difference. I get that the US left thinks it would be a disaster. But in Europe the pump price of petrol has always been set politically by huge taxes.

RT @yayitsrob: “The diesel price increase may have been the trigger, but, to interpret the Gilets Jaunes first and foremost as a protest ag…

So true. Modernity came to much of Europe so recently. But even in Birmingham (sic) my father did not remember a single car on his working-class street in the 1940s. One van and a motorbike. twitter.com/HarveyMurenow/…

FASCINATING thread this on rural Spain in mid 20th century. twitter.com/HarveyMurenow/…

RT @adrien_fabre: In support of @adam_tooze's thoughtful last piece, unreleased result from a June representative poll showing that (contra…

US Department of Interior complains that replacing its 810 drones with Chinese parts in them, with Pentagon specials will cost 8-14 times more and leave them with less functionality. Whoda thunk it! ft.com/content/dd2e93… https://t.co/Gj47vpPEwT

RT @_John_Handel: The politics of quantification and accounting never stop. One for @adam_tooze (if he hadn't already seen it) https://t.co…

"Republican Senators have rejected a plan to spend $40bn more on tax enforcement to help pay for a $1tn bipartisan infrastructure package” … because? “Intrusion, inappropriate burdens, small business”. ft.com/content/d23040… https://t.co/J65VPcD82H

RT @ajplus: Death Valley hit 130°F this weekend, one of the hottest temperatures ever recorded on Earth. California officials asked people…

RT @jburnmurdoch: NEW: probably the most important Covid chart I’ve made As Delta goes global, it’s a tale of two pandemics, as the heavil…

Eric Schmidt ex google CEO: "asked about growing global backlash against tech giants Amazon, Apple, Facebook, Google “These gross proposals like breaking them up and so forth, it’s not going to be helpful because it’s going to set us back against China, ft.com/content/0f6f4e… https://t.co/brTcLqz8jh

@FuturesInfinite Thank you!

“For a while I was a student at the institute of culture. I studied the Commedia dell’arte. There is a limited cast” Reading @HenryJFoy @FT lunch with Vladislav Surkov, Putin’s advisor, @policytensor, I couldn’t help thinking of your class schema! ft.com/content/1324ac… https://t.co/VlPaw6LYcr

RT @RobinBrooksIIF: The three phases of the 10-year US Treasury yield so far in 2021: (i) Georgia Senate wins push 10-year yield up in Q1;…

RT @MaxCRoser: In high-income countries, people use electricity or gas to cook a meal. But 40% of the world – 3 billion people – do not h…

Norwegian conservative PM refused to back calls from @IEA – oil watchdog previously much admired in Oslo – to stop all new petroleum projects to keep climate change in check. Solberg is no Jesper Berg 🙂 ft.com/content/91c54c… https://t.co/aaod6vHdfZ

RT @M_C_Klein: Fascinating comparison of BAML's and JPM's balance sheet management from @rbrtrmstrng's consistently excellent newsletter:…

RT @niubi: China reports its first death of a human from rare Monkey B virus washingtonpost.com/world/2021/07/… According to Chinese Center for Diseas…

@policytensor @alexpghayes @contextproblem @70sBachchan @genbould @BenignBrodwicz @tmuzergues @DSMarkovits @mlamont6 @PikettyLeMonde @ericadamsfornyc Please write the piece. It really would be good to have your take.

RT @WilhelmMakkink: @adam_tooze @natterjee Thus the rand rebellion of 1921.

With the @FT editorial board coupling Haiti and Cuba together as "Caribbean islands heavily dependent on outside aid” in crisis it may be time to think hard about the region. In Chartbook #20 I took a stab at it. Check out the newsletter and sign up here: adamtooze.substack.com/p/chartbook-ne… https://t.co/Mw9RhaRxbH

RT @heimbergecon: This bird‘s eye view on the scale and severity of the flooding im Germany is frightening. We need a discussion on prevent…

RT @SmithHelmut: My modest contribution to the #Kaiserreichdebatte. Counting streets in #Berlin named after military figures vs. writers an…

"China alone accounted for > 1/3 growth in world economy over the past 5 years. Today a 1 % slowdown in China shaves 0.33% off global growth in GDP, so the world has reason to worry when Beijing tightens the screws. e.g. on tech." ft.com/content/e8fc84… https://t.co/PDcPQL5hIC

Indeed, @natterjee thanks for spotting this link. 1920-21 deflation was a turning point that ramified through the Imperial and global economy. South Africa, India etc. Gopal Balachandran’s John Bullion’s Empire excellent on this point. amazon.com/John-Bullions-… twitter.com/natterjee/stat…

How Sisi’ s repressive regime in Egypt has cracked down on one of the country’s most successful businesses whose owners were closely linked to Muslim Brotherhood. All arms of state involved. And yes the Western investors have have fled out of the stock. ft.com/content/40d3c5… https://t.co/nz0tfgep68

RT @natterjee: .@adam_tooze's The Deluge declared the global economic crisis of 1920–21 "probably the most underrated event in twentieth-ce…

Gilet Jaunes get invoked as general warning against carbon pricing. But what happened in France in 2018-9 had highly specific logic, most easily summarized in shocking graph of impact of Macron’s tax welfare reform. Sign up for Chartbook#27 here: adamtooze.substack.com/p/chartbook-ne… https://t.co/zwvhLktIU6

RT @HesseHelge: Egon Schiele als Landschaftsmaler ist immer wieder interessant. 1917 malte er diese "Sommerlandschaft". Das Bild ist ein Me…

RT @sergioandreola: Tevere, Roma. Polaroid by Andrei Tarkovsky. https://t.co/YlxYg7wykq

Flush with cash BofA has since 2020 loaded with mortgage bonds chasing whatever yield it can. JPMorgan by contrast has not increased its portfolio. Balance sheet constraints? Different view of interest rate? Hedging? This by @rbrtrmstrng is interesting! ft.com/content/41a105… https://t.co/D9JdqtSkf7

Flipside of hawkish anti-China politics in US is strong backing for alliance with (LDP-ruled) Japan. Kurt Campbell is arch exponent. Now, Eric Schmidt ex-Google CEO, Nat Sec AI advocate comes out along same lines. @NikkeiAsia (owner of @FT) laps it up! ft.com/content/0f6f4e… https://t.co/sieksZIsPf

"is private equity reactionary in the conservative backlash sense of the word — facilitating a rebellion against progressive constraints of public company existence i.e. the ESG agenda? The evidence is mounting.” Interesting this by @patrickjenkins_ ft.com/content/7e8edf… https://t.co/0CAPBI8Rom

Say you were in the business of engineering a populist revolt: 1. Start with 24% electoral support 2. Announce unsettling “reforms” to tax/welfare. 3. Hand out dosh to top 1%. 4. Provoke van drivers of country to blockade roundabouts. -> Gilet Jaunes adamtooze.substack.com/p/chartbook-ne… https://t.co/YvKuU97rIH