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03.03.2026 12:02
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Happening next week 👇
He also said: "You cannot live within the lie of mutual benefit through integration when integration becomes the source of your subordination."
This is really quite powerful. The Global South already knows this, time for Europeans (and Brits especially) to realise it.
So thinking about research: do you think it may replace (or rather include) actual statistical software? Eg we won't need to bother with writing Stata code (with a little help from conventional LLM) anymore we will just ask Claude to analyse the data for us?
And teach students about it..?
Thrilled to announce Daniela Gabor's keynote 'The Seville Process: Developmentalism after American Hegemony' @danielagabor.bsky.social @adamtooze.bsky.social @iliasalami.bsky.social @ingridhk.bsky.social @cacrisalves.bsky.social @anninak.bsky.social @kaikodden.bsky.social @kaikodden.bsky.social
Looking forward to this!! We'll be in the Haague as part of our forthcoming Forum issue on financial hierarchies @iliasalami.bsky.social @cacrisalves.bsky.social @bbonizzi.bsky.social @anninak.bsky.social @kaikodden.bsky.social @powelljr.bsky.social
www.imf.org/-/media/file...
The IMF's research department claiming economic orthodoxy is alive and well. Commit to strict inflation targeting and you will get higher growth and resilience against crises.
Reminder that the deadline for the next SASE conference is on the 16th of December:
Submit your International Financial Subordination papers!
More info👇
Ok but perhaps it ought to be known: who are these people? Is it just pensioners retiring abroad? Or is it skilled professionals?
These are not small numbers so it probably matters? And given the gloomy vibe I suspect it's not just pensioners.
Ok but surely it's an important social issue if >100k net emigration of British people. But nobody cares, especially compared to the relentless noise about the boats and asylum seekers. As you say we may not even have known since it was underreported.
British people are now emigrating in the 100 of thousands. But migration policy is all about stopping the boats.
Same madness in Italy btw where emigration has become an enormous problem (about 1.5m left since 2000), but somehow the priority is to be nasty to people on dinghies.
@powelljr.bsky.social @anninak.bsky.social @cacrisalves.bsky.social @kaikodden.bsky.social
Join Us at SASE 2026 in Bordeaux!
The upcoming SASE conference will feature a mini-conference on International Financial Subordination (IFS). How does IFS evolve in the current context of climate crisis and geopolitical tensions?
More info here 👉 sase.org/events/2026-...
Yes it's not clear at all. The savings glut was supposed to be IN EM, which supposedly explained the "net capital flows uphill" conundrum. But here it makes it sound like it's the advanced countries who will dissave. Unclear
Yes it should be weighted average of yields converted to dollars. Very convoluted return metric.
The economics behind looks rather weak.
Another clear chart reminding us that "billions" (of public funds) to "trillions" (of private funds) is very far from reality. At best is billions to 1/5 billions.
Relative decline is a European trend, but austerity+Brexit just turobcharged it in the UK. And it came from a higher position. I think London is still sort of unique, despite repeated government efforts to undermine it (without actually levelling up the rest of the country).
Our article with @hulya-dagdeviren.bsky.social and Ben Tippet is out in Socio-Economic Review!
We examine pension financialisation and pension wealth inequality in the UK — focusing on how the rise of Defined Contribution (DC).
academic.oup.com/ser/advance-...
New in Finance & Space! 📢
Why does financialisation happen — and who benefits?
Hannah Hasenberger digs into the politics behind state financialisation
www.tandfonline.com/doi/full/10....
👉The bottom line: DC pensions, as currently designed in the UK, are not only insufficient for many — they may also be associated with higher inequality.
Using the ONS Wealth and Assets Survey and quantile regressions, we find DC pensions are associated with a more unequal pension wealth distribution.
We identify four contributing factors (show in the figure) and find some corroborating evidence for them.
While automatic enrolment has increased pension coverage, there are recognised concerns about the adequacy of DC pensions. We go further and highlight their distributional effects: how they may be associated with higher pension wealth inequality.
Our article with @hulya-dagdeviren.bsky.social and Ben Tippet is out in Socio-Economic Review!
We examine pension financialisation and pension wealth inequality in the UK — focusing on how the rise of Defined Contribution (DC).
academic.oup.com/ser/advance-...
Macquarie buying London City airport. Let's check on their recent performance in buying London infrastruct.. oh no!
Very interesting article.
Really shows that any talk of pension funds funding a just transition (and other nice things) means by-passing the large asset managers. For most people contributing to individual pension pots, this may not even be a possibility.
We are organising a small lecture series at CITYPERC this semester on "Financial Futures: Tech, Green Transitions, China and the Global South" with four brilliant speakers: @nataschavanderzwan.bsky.social, @johannespetry.bsky.social, David Kampmann and @bbonizzi.bsky.social
It's an incredible honour to receive this prize for policy relevant economic research. Big thanks go to my collaborators and co-thinkers on this exciting journey @bbonizzi.bsky.social @powelljr.bsky.social @iliasalami.bsky.social @ingridhk.bsky.social @kaikodden.bsky.social @cacrisalves.bsky.social
If it just focuses on individual incentives and characteristics and tries to fix it with further nudging, it won't fix the fundamental problem that most private sector workers in this country are not really building pensions, but a poorly funded individual savings account.
"It will examine the pension system as a whole and look at what is required to build a future-proof pensions system that is strong, fair and sustainable."
Good. But need to look at 1) labour markets inequalities 2) the inadequacy of DC Vs DB pensions and 3) employers contribute too little.
The pensions commission is back, with a focus on pensions outcomes.
It looks promising on paper, but the focus on individual saving is a bit problematic.
"The relaunched Commission will explore the complex barriers stopping people from saving enough for retirement"
www.gov.uk/government/n...