My yesterday's presentation of "The Great Global Transformation" and conversation with Miguel Almunia at Fundacion del Pino in Madrid
www.youtube.com/watch?v=GWxl...
What is the relationship between the growth in private capital markets and the rise in economic inequalities?
@cmtneztt.bsky.social will assess this relationship over the last two decades in the U.S.
🎟️ Attend in-person: buff.ly/AWbceur
💻️ Attend online: lse.zoom.us/webinar/regi...
My yesterday's presentation of "The Great Global Transformation" and conversation with Miguel Almunia at Fundacion del Pino in Madrid
www.youtube.com/watch?v=GWxl...
An excellent review of my "Great Global Transformation" by Philippe Cunliffe.
Neoliberalism in One Country? | Compact
www.compactmag.com/article/neol...
I will be speaking this Thursday evening at the Heilbroner Center for Capitalism Studies at the New School on my forthcoming book with Arjun Jayadev, Against Money. The event is free, but you need to register in advance. event.newschool.edu/againstmoney
The world may be “capitalizing,” but for many, property income remains a mirage. Our hidden gem of the week reveals that although capital income inequality has declined, ownership remains exclusive.
By @brankomilan.bsky.social & @marcoranaldi.bsky.social at @stone-lis.bsky.social
buff.ly/m5XkTf6
Exactly.
Honestly.
To read and believe the titles like "Iran conflict widens to Lebanon" (as is in the MSM) you have to be totally nuts.
Abstract text of working paper
What do we know - and what should we know - about economic inequality and social mobility in preindustrial societies? This new WP by our Affiliated Scholar @guidoalfani.bsky.social identifies the main gaps that need to be filled in reconstructions of wealth & income distributions.
bit.ly/4l26cWx
Pedro Sanchez continues his run as the only world leader convincingly acting like he cares to defend a rules based world order
Mostly from the social media; Wall Street Journal (paper version) about twice a week; weekend edition of The Financial Times (but this mostly for their Life section), China Daily (about once in a fortnight), Kommersant for Russian news, and then, depending on travel and mood from elsewhere.
The usual stuff. It is amazing to me that people still seem to read such papers.
"In the realm of freedom it is our work that defines us and makes us human. It is not us sunning ourselves on the beach or going to soccer games."
It is not clear what Trump's goal is; perhaps he does not know it himself. He was always a strong supporter of Israel, so this is not surprising. In addition, he is keen to have AIPAC money & support. There is in addition a racial element: he likes white and blond people.
This is interesting, with a conclusion that, while not pleasing, is well argued. What it does not address is that countries « working harder », despite their amazing successes, seem to have a hard time generating the kind of broadly shared prosperity that wealthy countries attained.
An excellent review of my "Visions of Inequality"
Inequality Without Class
To grasp where inequality is headed—much less to reduce it—we will need to look beyond the economic
by Simon Torracinta
dissentmagazine.org/article/ineq...
"As long as there is a system whose core feature is competition between individuals, nations and indeed systems, people and nations that work hard will dominate people and nations that do not work hard." (via @brankomilan.bsky.social) branko2f7.substack.com/p/to-work-or...
La lectura de hoy (que, en realidad, es de ayer, pero no me dio la vida) es esta entrevista a @brankomilan.bsky.social.
"Ese resentimiento se traslada al voto por la idea de que así volverán los empleos o se va a mantener fuera a la gente que compite por ellos."
But in the meantime, Israel has accumulated a stock of some 300 nuclear weapons which is (by size) the fourth largest in the world.
In 2026, Iran is accused of fabricating a nuclear weapon despite the fact that it denies it & there are ongoing negotiations whose objective is to hamper it for ever building such a weapon. In addition, its key nuclear scientists had been killed by Israel.
So here is the logic.
In 2003, Iraq was falsely accused of working on a nuclear weapon, despite repeated assurances by the UN commission that it was not true. It turned out indeed not to have been true, but it still led to a civil war and 500,000 dead.
@txepeligro.bsky.social entrevista a @brankomilan.bsky.social y empieza hablando de su "elefante"
elpais.com/ideas/2026-0...
...and incentives were aligned to make them work hard.
But if incentives disappear, the system will decline.
State socialism was, as my economist friend used to say, a system based on voluntary labor. If you felt like working, you worked. If you did not, you just did not work. The pay was always the same.
And this is why it lost to capitalism where people had to work...
Why can't we opt for leisure over output in a competitive system? @brankomilan.bsky.social explains. The missing part of this story, though, is that it undermines not only leisure but also environmentally-necessary restrictions on production and consumption
Hired labor could never be the work desired by any free individual. Workers under capitalism rent out their labor power and forego any agency in a process where they are simple cogs.The objective of any hired laborer (that is, the objective of any worker under capitalist conditions) is to work less.
My today's Substack
To work or not to work
Can nations not work hard and continue to prosper?
branko2f7.substack.com/p/to-work-or...
Don't miss this blog post - by Anna Stansbury and Kyra Rodriguez - summarizing their remarkable research.
"Gender and race have rightly become central to how researchers and organizations think about career disparities in elite occupations. But there is a glaring omission: class."
👇👇👇
Un interesante artículo de @brankomilan.bsky.social en @elpais.com
archive.is/202602280530...
Excellent review by Nicholas Mulder
China’s Great Transformation
Part II: A review of Odd Arne Westad and Chen Jian's latest book.
weltinnenpolitik.substack.com/p/chinas-gre...
