How does the agriculture industry shape what our food consumption looks like? In my first-ever FT film,
#Homecoming
, the crew and I traveled the country exploring the problems of Big Ag, and how we can fix our food systems. Watch here:
@matthewstoller
It's stunning how out of touch most economists are with how business actually works. Or in this case, geopolitics. If you are a country today with no ability to make crucial goods or access them from allied nations, God help you.
@Ocasio2018
is absolutely correct to take on Amazon; subsidies paid by cities to large companies aren't the way to real growth. See my latest on Amazon, here: via
@financialtimes
Thank you to
@TheJusticeDept
@NewYorkFBI
and
@NYPDCT
for protecting
@AlinejadMasih
, my children's stepmother. We are one family. My children walked in and out of the house where she was the target of murder for speaking out against the Iranian regime. None of us will be silent.
My message to Iran’s regime who hired 3 criminals to kill me on US soil is clear; I don't want to talk to them. I want to see them on the international court. But I have a clear message to president Biden”.
Please hear and pass it to the administration.
What do Boeing, the collapsed bridge in Baltimore, shortages of critical pharmaceuticals, Donald Trump's ridiculous new SPAC, an unprecedented amount of speculation and concentration in stock markets have in common? We need more real engineering, less financial engineering
As we've moved into the 21st century, one thing has become abundantly clear: the 1% are getting richer and the gap between them and everyone else is only growing. Check out my FT film
#Homecoming
, based on my new book, for more. Watch here:
The speech that
@POTUS
is giving right now is going to remembered as a turning point. Corporate concentration has been rising for nearly half century. That may be set to change. Commenting shortly on
@cnn
Couldn’t agree more with
@elerianm
that Markets and economists are still too upbeat on coronavirus. No more putting your money in an index fund and forgetting about it. We are in a new era where asset prices will diverge wildly| Financial Times
Great news: Statement from Secretary of the Treasury Janet L. Yellen on Today’s Agreement of 130 Countries to Support a Global Minimum Tax for the World’s Largest Corporations | U.S. Department of the Treasury
See my
@monthly
cover story on
@POTUS
and his global economic reordering, also a topic of my latest book, “Homecoming,” out in paperback this month. Bidenomics is a BFD, and here to stay
Here’s the new book, , in the rather messy home office where I wrote it! Out Tuesday, excited and a little bit nervous! Thanks to all for the kind wishes.
Where are the unions? Being crushed by European companies, which love to locate to US red states. Corporate Europe seems to have picked up where US mncs left off, but that's an opportunity for labor in both US and EU
Same could be said of his handling of the economy. This
@potus
has been vectorially correct in nearly every policy decision he has taken. We should think more about that and less about his age.
Speech by President Biden from Israel nothing less than masterful, mixing support for Israel with advice, the personal & the policy. So far
@potus
deserves high marks for undertaking a difficult diplomatic mission that has grown more difficult and for getting the balance right.
The stupid meltdown among administrators at Ivy universities contrasts nicely with the remarkable unionization vote in Chattanooga, Tennessee at a Volkswagen plan in the face of massive political pressure.
Agree, and
@michaelxpettis
has written the book on this literally: Why Trade Wars Are Class Wars. Also see chapter 6 of my most recent book Homecoming. I think we're the tipping point, and it's worth remembering that Business Roundtable was in favor of a weaker dollar till 80s
@RanaForoohar
@FT
Unless we change the post-1971 USD system & in particular, end the UST as primary global reserve asset, then we are being just as hypocritical, & more importantly, we will lose just as we have been losing for the past 20 yrs, as China uses the post-71 USD system against itself.
Worse and worse for Big Tech. Google accused of colluding with Facebook in online ad market (worth noting that Sheryl Sandberg worked on AdSense at Google then perfected the techniques at Facebook) | Financial Times
My Monday
@ft
column: Big Tech has moved from offering utopia to selling dystopia via
@financialtimes
. Gotta say, couldn't be a better week to launch my book
#Don
'tBeEvil
I think the next beat in the story is wild inflation in insurance, particularly homeowners insurance and car insurance. I believe the insurance Industry is using the legitimate threat of climate change to price gouge ways that will be destabilizing for markets.
Apple "now spends twice as much on stock buybacks as it does on R&D, and that’s because it faces no meaningful competition that forces it to innovate."
@matthewstoller
on
@JusticeATR
's Apple suit.
Also watch out Silicon Valley; those anti compete clauses that tie the hands of workers are going away. Should have been illegal all along. Human capital is the only capital that matters.
It is an interesting point. Victory for Biden or any Democrat that might replace him rests on pushing the concentration of power and corporate profiteering message. That’s where the felt experience of average Americans meets policy
This is really a core point. The populists Democrats are doing great work attacking Wall Street and monopolies, but there is no faction in the party for which that matters.
This is going to be good for the economy and good for consumption. And as someone who paid full freight for my kids’ college, no I don’t feel there’s moral hazard. We must change the absurd biz model of higher education.
Nearly 153,000 people woke up to life-changing news this morning: their student loan balance is now $0, thanks to the SAVE Plan.
The Biden-Harris administration has delivered student debt relief to almost 4 million Americans. And more help is on the way.
A Senator makes $174,000/year.
So a first year corporate lawyer makes about a third more than our top public servants.
We are asking for corruption by underpaying our public servants this badly.
Many thanks
@ezraklein
for having me on your show to discuss why stocks are tanking, and what comes after financialization, globalization, and neoliberalism: Welcome to the End of the ‘Everything Bubble.’
🚨Two billionaire-funded conservative groups funded 251 trips for more than 100 judges, according to documents reviewed by
@LeverNews
.
Leonard Leo's Federalist Society funded more than 40 PERCENT of all travel-related payments reported by federal judges.
If tech is driving the ‘productivity bandwagon’, it’s time to hit the brakes via
@FT
My take on a great new book by
@DrDaronAcemoglu
and Simon Johnson
@baselinescene
I think if academe was less siloed and also more open to non PhD professors and experts of practice it would help. Many academics are doing great research but aren’t clued in enough to how their work connects (or doesn’t) to real people and real world issues
Very good remark by
@RanaForoohar
to the first panel of this (great) conference asking how can academic research reach the media. I am surprised that no one answered that (most) universities lack communication responsibles for that (difficult) task.
@TomValletti
@johnvanreenen
Doesn’t have to be dim if we commit to moving beyond neoliberal economics and acknowledge that sustainable and inclusive growth requires putting a floor under labor and environmental standards globally. There must be consequences for countries that won’t play ball (ie tariffs).
The many inconvenient truths about de-risking/decoupling/deglobalization.
@RanaForoohar
and
@gideonrachman
offer a dim view of the things to come for the global economy, world trade and international relations.
Now that even Larry Fink says globalization is over, I gotta boast a bit and say, I called it early. See this 2018
@ft
column: Corporate elites are overlooking deglobalisation I will be expanding on this topic in my next book, "Homecoming," out in Oct
Gaza is very bad news for Biden’s re-election prospects. Young voters and progressives are a key part of the Democratic coalition. Many are furious about the administration’s support for Israel. If they stay home or vote for Cornel West, Biden is in big trouble
The great American transport crisis tells us something: Boeing, Baltimore, America’s EV crisis and other transportation debacles are all connected in unexpected ways
Globalization and free trade have been the norm for decades, but as
@RanaForoohar
's new book “Homecoming” suggests, it's time to rethink the path to prosperity in a post-global world. Tonight at 8/11pm with
@spaikin
| Producer:
@meredithmartin
Super excited to launch the 3rd film in the series based on my book Homecoming. This is my favorite! Why 3D printing is vital to success of US manufacturing | FT Film via
@FT
To understand the deep story behind
#SVBCollapse
watch Age of Easy Money, premiering at Tuesday, March 14th, at 9/8c, and on PBS stations (check local listings) and FRONTLINE’s YouTube channel at 9/8c. I was pleased to be interviewed.