ADAM TOOZE

RT @drvolts: Worth noting that it will take something much bigger & more expansive than the IRA to wrest the li-ion supply chain from China…

RT @wineecon: The busy port of Marseille in approx. 1900. https://t.co/sj3eylQrai

RT @MushamukaD: This piece on chocolate production in Ghana and Côte d’Ivoire by @adam_tooze is just terrific: adamtooze.substack.com/p/chartbook-19…

Valentines day turns minds to the dramatic and historically consequential political economy of cocoa. Chartbook #196 adamtooze.substack.com/p/chartbook-19… Pairs exceptionally well with @kopalo on Cash crops, marketing boards, and agricultural policy failures in Africa kenopalo.substack.com/p/cash-crops-m… https://t.co/I6cYYvtEZQ

Japan’s corporate cash hoarding may, accidentally, provide it with the means to ride out a normalisation process by the BoJ. But the hoarding itself points to an exceptionally abnormal relationship between lenders and borrowers @Urbandirt ft.com/content/39d6f9…

Brexit has been bad for investment in the UK, but low investment is a problem of the last few decades, not just since 2016! @martinwolf_ on point as ever. ft.com/content/0f16f0… https://t.co/5eRDFacwi9

“One of the oldest multinationals in Ireland is Intel and they also make stuff.” on the real unreality of Ireland's macroeconomic numbers. One of @Brad_Setser long-standing causes hitting the headlines. ft.com/content/e1cfec… https://t.co/WN7XNTpWvz

Japan and S Korea have both increased their reliance on Australian LNG imports -> outrage in business circles about proposed Aus limits on LNG exports. ft.com/content/c20ceb… https://t.co/2LGyq38VBI

RT @DanielaGabor: a weak industrial policy whose premise is 'tons of carrots, very few sticks' is also vulnerable to private lobbies to rol…

G11 group of developing (sic) nations recently distributed a note in which they warned against changing World Bank rules to enable it to expand (climate) lending, if this would threaten its AAA rating!!! Quite the Catch 22 ft.com/content/0e1eb2…

RT @sam_d_1995: it's honestly disorienting to go to europe and see that the cars there are just… smaller, and yet society keeps functioni…

@MBSepulveda You despise Duda? Fair enough …

Chartbook Newsletter #196 on political economy of cocoa adamtooze.substack.com/p/chartbook-19… pairs really well with two pieces by @twittwoods Tragedy of the cocoa pod academia.edu/2591795/Traged… Predatory Elites and Cocoa: A Comparative Analysis of Ghana and Ivory Coast academia.edu/2591782/Rent_s… https://t.co/FlVjPdH8X1

Labour shortage endangers Biden’s big plans for US building boom. The US need about half a million extra construction workers, is not training enough young people and dragging its feet over immigration. Fascinating this by @amandalanchu ft.com/content/e5fd95… https://t.co/w4xuokPsMF

Global cocoa industry is one of the most spectacular instances of combined and uneven development, harnessing giant global agri-industrial multinationals to an (hitherto) advancing frontier of pioneer peasant development and deforestation. Chartbook #196 adamtooze.substack.com/p/chartbook-19… https://t.co/Yhks2zEaC1

JP Morgan judges current volume of foreign bond-selling by Japanese investors to be consistent with onshore Japanese yields of above 1 per cent going forward. Will new BoJ boss vindicate this assumption? ft.com/content/64ddc8… https://t.co/S2nC2pYWgg

@kmac Im not actually sure we can two side this. 0.3% of gdp simply isn’t a lot In relation to us macroeconomic capacity.

Today the politics of cocoa revolve around child labour & unequal exchange with vast agro-industrial processor-traders. But cocoa ind bears the scars of a battle, half a century ago, over the trajectory of Africa's postcolonial development. Chartbook #196 adamtooze.substack.com/p/chartbook-19… https://t.co/Njp5P1s3Qb

Zelensky has redefined the sartorial style of East European politics! ft.com/content/860aa9… https://t.co/foXMU7W8kp

Biden is visiting Warsaw for 2nd time in a year & Duda forecast trip would have “a huge impact” on “entire eastern flank of Nato. There’s also a signal sent to US investors. This place is safe so you can safely invest your money here.” Pol econ of NATO! ft.com/content/860aa9… https://t.co/EKV0hbpCRx

RT @artukdotorg: Book your free tickets for Art Unlocked with Martina Droth, Deputy Director and Chief Curator of @YaleBritishArt 📅 Wednes…

RT @ScarredForLife2: THE GUARDIANS (ITV, 1971): Dystopian drama set in a near-future Britain where a failed coalition government sees a sin…

"Massive", "kitchen sink industrial policy". I get why folks are excited about the IRA. But can we PLEASE apply some macroeconomic proportion. US GDP in 2021 = $23.3…TRILLION. So renewable investment of c. $60-80bn through '25 is 0.3% of GDP! Massive? ft.com/content/e0b558… https://t.co/yXsZmpC2wX

In 2023 NYC remained snowless in January for 1st time since 1973 affecting US econ numbers -> are we going to have to make climate corrections to seasonal adjustment going forward? @EthanYWu ft.com/content/c0c7d0… https://t.co/gEgFulSAc9

"Wood Mcknzie estimates US will make up 13% of lithium battery by 2030, only a 3% upward revision compared with forecasts before the IRA." So implication @derek_brower @amandalanchu surely is that IRA far from being "massive" is nowhere near big enough! ft.com/content/e0b558… https://t.co/c1OHEI3d93

China dominates global production for cleantech components and they didnt achieve that domination by "creating not jobs but career paths for people to get to middle class". They did it by making things as cheaply as possible at scale. ft.com/content/e0b558… https://t.co/zMB70Bas48

"Superstition-based" investment is an underused category. twitter.com/YuanTalks/stat…

RT @ConStelz: Must read thread 🧵 by @KofmanMichael 👇 twitter.com/kofmanmichael/…

RT @JWMason1: Another one of @70sBachchan's epic, multi-year threads, this one on China. The amount of material he assembles & summarizes i…

Valentines day turns minds to the dramatic and historically consequential political economy of cocoa. Chartbook #196 adamtooze.substack.com/p/chartbook-19… Pairs exceptionally well with @kopalo on Cash crops, marketing boards, and agricultural policy failures in Africa kenopalo.substack.com/p/cash-crops-m… https://t.co/XNWPiWfeP9

Global cocoa industry is one of the most spectacular instances of combined and uneven development, harnessing giant global agri-industrial multinationals to an (hitherto) advancing frontier of pioneer peasant development and deforestation. Chartbook #196 adamtooze.substack.com/p/chartbook-19… https://t.co/reALilqps2

@kopalo Hi Ken, great to be in touch. Really appreciate your excellent newsletter!

@audowla thank you. Have eagerly subscribed to @kopalo excellent newsletter. You are entirely correct @audowla This is RIGHT up my street. Thanks for the pointer.

Today the politics of cocoa revolve around child labour & unequal exchange with vast agro-industrial processor-traders. But industry bears the scars of a battle half a century ago over the trajectory of Africa's postcolonial development. Chartbook #196 adamtooze.substack.com/p/chartbook-19… https://t.co/kMPYz0e5dc

@twittwoods Dwayne, thank you so much. im heart in mouth riffing on a vastly complex topic like Ghana that so many brilliant people have worked on. Truly appreciate the positive feedback!

Why Ghana really really matters: it was the place where the most elaborate vision of African postcolonial industrialization went to die. The chocolate we eat, aka the global cocoa industry carries the imprint to this day. Chartboook #196 adamtooze.substack.com/p/chartbook-19… https://t.co/RfOh53v0bI