A lot of the money behind the AI boom is coming from pension funds of working class people and when parts of the AI bubble burst, private capital gets protected, while ordinary people can be left with the losses.
The AI Data Center Gold Rush: The Bailout State Behind It - youtu.be/fHwYIFa1mNE
Terrifying thought, just imagine -
"Without solutions, America’s anxiety will become rage — and political backlash will follow"
www.nytimes.com/2026/03/06/o...
“Much of the American public associates abundance with the ideas put forth by Ezra Klein & Derek Thompson...While they are certainly part of the picture, the incomplete policy ideas championed in the airplane book are only a glimpse of the entire abundance universe."
Read the report. If you can. 🤢
People referring to Claude Code in fifty years.
Once nostalgia starts, it's unstoppable..
Like 99% of people on here, I now have a stake in the financial future of Anthropic - so I feel deeply conflicted about their surprisingly ethical stance. Will have to learn to live with this unresolvable tension.
So good - "In a bit of profound irony, data-center construction has broken free of the choke points decried by abundance to the point that it is now bidding up land value and resulting in further constraints on the supply of housing"
newrepublic.com/article/2064...
@dylangyauchl.bsky.social could you follow me so I can message you? (Can't seem to find an email address).
Go read my latest in the monthly about affordability politics and why it's deeper than just price levels!
The abundance clique has an AI problem. Beyond being funded by Silicon Valley, the ecosystem features an array of tech libertarians, a smattering of technofascism, and no answers for our anti-AI moment. Read @dylangyauchl.bsky.social in @newrepublic.com!
newrepublic.com/article/2064...
"what the politics of private finance teaches is the inadequacy of considering only what we can achieve in the short term, given the political constraints"
www.phenomenalworld.org/analysis/fin...
It wasn’t just the child tax credit.
And it’s not just the Republicans.
“Any discussion of rent regulation has to grapple with the fact that owners of residential buildings pay most of their rent earnings not on maintenance or operations, but to service their debts to their creditors.”
NEW by @jwmason.bsky.social
www.phenomenalworld.org/analysis/aft...
The Oxford Handbook of Constituent Power is out today! Peter Niesen (based @politikuhh.bsky.social), Lucia Rubinelli (@luxirubsi.bsky.social) and I consider ourselves incredibly fortunate to be able to publish the contributions of so many wonderful colleagues. global.oup.com/academic/pro...
Oren Cass or David Harvey?
What Jeffrey Epstein knew about money
Epstein’s emails show how the financial elite consolidated their wealth amid global turmoil
🖊️ @willdunn.bsky.social
Democratic elites chose donors over workers. Without an aggressive economic agenda they risk becoming the permanent minority party, warns Thomas Ferguson. @bostonreview.bsky.social www.bostonreview.net/forum/how-no...
I often wonder if the tendency to mistake basic emotions (whether cruelty or despair) for deep insight is a distinctive feature of our era or something of all times. It seems to require both a definite capacity for critical thinking and a willingness to abuse it.
Australians are bracing for another interest rate rise because Labor has turbo-charged the housing crisis & refused to tackle corporate price gouging. If you're a mortgage holder or a renter, you face being hit by the RBA to “fix” the government’s "inflation problem".
👉 "You know you've got "research culture" right when people stop talking about research culture and just talk about their research."👈
ONE DAY LATER Larry Summers fleshed out his complaints in a Washington Post column
Hard to imagine how Larry Summers’s humiliation could be any more complete tbh
“Pantomime of thinking” is a great phrase
I've spent way too much time trying to understand Kevin Warsh's thinking, but there's not much there in the end. This is the upshot, I think:
New book officially out 🚨
If you ever wanted to know what Italian philosophy has been up to in the last 10-20 years, look no further. “An introduction to Contemporary Italian Thought” is out today with chapters on cyberfascism, technology & work, pandemic biopolitics, and posthumanism.
New paper out - on why there won't be a return to the golden age of inflation targeting. Empirical material focused on the Reserve Bank of Australia, but the argument applies broadly, I feel.
www.ppesydney.net/content/uplo...
Recently stumbled on a more or less complete, unpublished Adorno fragment on fascist propaganda & mimesis while looking thru archival materials from the early phases (ca. 42/43) of writing Dialectic of Enlightenment. Just finished a translation—you can read it here! open.substack.com/pub/jamescra...
Instead of retreating into facile cynicism about the safety net and regulatory state, people on the left should be trying to occupy the bureaucracy at the state, local, and, after the MAGA putschists are finally expelled from power, federal level—not simply because we need good people in those jobs, but because enough good people in any given department can change its internal culture for the better. A lot depends, for example, on whether state and local transportation departments are staffed by car-brained traffic engineers or planners who are genuinely invested in walkability and developing viable mass transit networks. Just as much hinges on whether state health agencies are staffed by people with a genuine commitment to the cause of universal healthcare, even in the face of brutal federal Medicaid cuts. There’s another reason for occupying the bureaucracy, too. For a movement that wants to transform the state, there is tremendous value in understanding how policy implementation and institutional change happens on a granular level. If you spend some time working inside the bureaucracy and you keep your eyes open, you can learn a lot about the points of leverage that leftist politicians and outside advocacy groups can press to their advantage. On the flipside, you can also learn a great deal about the tradeoffs associated with certain approaches and how well-intentioned but undercooked policy initiatives can produce unintended consequences. These are all important lessons for anyone trying to push any level of government in a more humane direction. But they’re especially important lessons for leftist officials who have ambitious agendas, a finite amount of time in which to implement them, and little room for error.
The case against Graeberism and for Mamdanism dissentmagazine.org/article/the-...
