#poliecon — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #poliecon, aggregated by home.social.
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(2/2) Enforced asymmetries of action exist all around us but are becoming more common as wealth and power concentrate and market participants closest to market formation influence the mechanisms of exchange. They can shape what it is they're exchanging as well as the conditions under which exchange takes place.
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(2/2) Enforced asymmetries of action exist all around us but are becoming more common as wealth and power concentrate and market participants closest to market formation influence the mechanisms of exchange. They can shape what it is they're exchanging as well as the conditions under which exchange takes place.
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(2/2) Enforced asymmetries of action exist all around us but are becoming more common as wealth and power concentrate and market participants closest to market formation influence the mechanisms of exchange. They can shape what it is they're exchanging as well as the conditions under which exchange takes place.
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(2/2) Enforced asymmetries of action exist all around us but are becoming more common as wealth and power concentrate and market participants closest to market formation influence the mechanisms of exchange. They can shape what it is they're exchanging as well as the conditions under which exchange takes place.
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(2/2) Enforced asymmetries of action exist all around us but are becoming more common as wealth and power concentrate and market participants closest to market formation influence the mechanisms of exchange. They can shape what it is they're exchanging as well as the conditions under which exchange takes place.
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@groundwork.bsky.social :
Airfare ✈️ is up 20.7%
Tomatoes 🍅 are up nearly 40%
Coffee ☕️ is up 18.5%
Beef 🥩 is up 14.8%
Eggs 🍳 are up 1.5%And wages? Up 0.2%.
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@groundwork.bsky.social :
Airfare ✈️ is up 20.7%
Tomatoes 🍅 are up nearly 40%
Coffee ☕️ is up 18.5%
Beef 🥩 is up 14.8%
Eggs 🍳 are up 1.5%And wages? Up 0.2%.
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@groundwork.bsky.social :
Airfare ✈️ is up 20.7%
Tomatoes 🍅 are up nearly 40%
Coffee ☕️ is up 18.5%
Beef 🥩 is up 14.8%
Eggs 🍳 are up 1.5%And wages? Up 0.2%.
-
@groundwork.bsky.social :
Airfare ✈️ is up 20.7%
Tomatoes 🍅 are up nearly 40%
Coffee ☕️ is up 18.5%
Beef 🥩 is up 14.8%
Eggs 🍳 are up 1.5%And wages? Up 0.2%.
-
@groundwork.bsky.social :
Airfare ✈️ is up 20.7%
Tomatoes 🍅 are up nearly 40%
Coffee ☕️ is up 18.5%
Beef 🥩 is up 14.8%
Eggs 🍳 are up 1.5%And wages? Up 0.2%.
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(1/12) The 'AI bubble' is a political economy story I've spent over 20k words unraveling. LLMs aren't just a technology; they're a mirror of the same delusions that drive market fundamentalism: a naive understanding of innovation, deference to capital, and the denigration of human labor.
Our debates are implicitly about all of these and more. A thread 🧵:
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(1/12) The 'AI bubble' is a political economy story I've spent over 20k words unraveling. LLMs aren't just a technology; they're a mirror of the same delusions that drive market fundamentalism: a naive understanding of innovation, deference to capital, and the denigration of human labor.
Our debates are implicitly about all of these and more. A thread 🧵:
-
(1/12) The 'AI bubble' is a political economy story I've spent over 20k words unraveling. LLMs aren't just a technology; they're a mirror of the same delusions that drive market fundamentalism: a naive understanding of innovation, deference to capital, and the denigration of human labor.
Our debates are implicitly about all of these and more. A thread 🧵:
-
(1/12) The 'AI bubble' is a political economy story I've spent over 20k words unraveling. LLMs aren't just a technology; they're a mirror of the same delusions that drive market fundamentalism: a naive understanding of innovation, deference to capital, and the denigration of human labor.
Our debates are implicitly about all of these and more. A thread 🧵:
-
(1/12) The 'AI bubble' is a political economy story I've spent over 20k words unraveling. LLMs aren't just a technology; they're a mirror of the same delusions that drive market fundamentalism: a naive understanding of innovation, deference to capital, and the denigration of human labor.
Our debates are implicitly about all of these and more. A thread 🧵:
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Chrematistics or accumulation without limit was the most important concept I ever learned about. It's not #greed per se, it's something much worse and it dominates our world. #capitalism #philosophy #misalignedmarkets #poliecon
https://medium.com/@misaligned-markets/greed-is-not-selfishness-0474653eba10
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Chrematistics or accumulation without limit was the most important concept I ever learned about. It's not #greed per se, it's something much worse and it dominates our world. #capitalism #philosophy #misalignedmarkets #poliecon
https://medium.com/@misaligned-markets/greed-is-not-selfishness-0474653eba10
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Chrematistics or accumulation without limit was the most important concept I ever learned about. It's not #greed per se, it's something much worse and it dominates our world. #capitalism #philosophy #misalignedmarkets #poliecon
https://medium.com/@misaligned-markets/greed-is-not-selfishness-0474653eba10
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Chrematistics or accumulation without limit was the most important concept I ever learned about. It's not #greed per se, it's something much worse and it dominates our world. #capitalism #philosophy #misalignedmarkets #poliecon
https://medium.com/@misaligned-markets/greed-is-not-selfishness-0474653eba10
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Chrematistics or accumulation without limit was the most important concept I ever learned about. It's not #greed per se, it's something much worse and it dominates our world. #capitalism #philosophy #misalignedmarkets #poliecon
https://medium.com/@misaligned-markets/greed-is-not-selfishness-0474653eba10
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The latest #misalignedmarkets post is about historical developments that are core to understanding what market capitalism is and how it works. https://misaligned.markets/contingencies-of-capitalism/
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The latest #misalignedmarkets post is about historical developments that are core to understanding what market capitalism is and how it works. https://misaligned.markets/contingencies-of-capitalism/
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The latest #misalignedmarkets post is about historical developments that are core to understanding what market capitalism is and how it works. https://misaligned.markets/contingencies-of-capitalism/
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The latest #misalignedmarkets post is about historical developments that are core to understanding what market capitalism is and how it works. https://misaligned.markets/contingencies-of-capitalism/
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(3/3) Not only do the protocols of capitalism result in rules written and influenced by capital holders, but the rules are so gameable they create easily exploitable vulnerabilities.
The favored position of capital and the breaking of capitalism's rules are fundamental to how capitalist systems evolve. Getting the broader public to recognize that, I think, is the first step towards fighting for a fairer world.
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(3/3) Not only do the protocols of capitalism result in rules written and influenced by capital holders, but the rules are so gameable they create easily exploitable vulnerabilities.
The favored position of capital and the breaking of capitalism's rules are fundamental to how capitalist systems evolve. Getting the broader public to recognize that, I think, is the first step towards fighting for a fairer world.
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(3/3) Not only do the protocols of capitalism result in rules written and influenced by capital holders, but the rules are so gameable they create easily exploitable vulnerabilities.
The favored position of capital and the breaking of capitalism's rules are fundamental to how capitalist systems evolve. Getting the broader public to recognize that, I think, is the first step towards fighting for a fairer world.
-
(3/3) Not only do the protocols of capitalism result in rules written and influenced by capital holders, but the rules are so gameable they create easily exploitable vulnerabilities.
The favored position of capital and the breaking of capitalism's rules are fundamental to how capitalist systems evolve. Getting the broader public to recognize that, I think, is the first step towards fighting for a fairer world.
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“Manufacturing employment is down three-months in row for a cumulative loss of 37,000. Since its peak in early ‘23, its down 173,000. Because so much US #manufacturing depends on imported inputs, I’m very concerned that Trump’s escalating #tradewar exacerbates this negative trend.” - @jaredb-econ.bsky.social
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“Manufacturing employment is down three-months in row for a cumulative loss of 37,000. Since its peak in early ‘23, its down 173,000. Because so much US #manufacturing depends on imported inputs, I’m very concerned that Trump’s escalating #tradewar exacerbates this negative trend.” - @jaredb-econ.bsky.social
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“Manufacturing employment is down three-months in row for a cumulative loss of 37,000. Since its peak in early ‘23, its down 173,000. Because so much US #manufacturing depends on imported inputs, I’m very concerned that Trump’s escalating #tradewar exacerbates this negative trend.” - @jaredb-econ.bsky.social
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“Manufacturing employment is down three-months in row for a cumulative loss of 37,000. Since its peak in early ‘23, its down 173,000. Because so much US #manufacturing depends on imported inputs, I’m very concerned that Trump’s escalating #tradewar exacerbates this negative trend.” - @jaredb-econ.bsky.social
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“Manufacturing employment is down three-months in row for a cumulative loss of 37,000. Since its peak in early ‘23, its down 173,000. Because so much US #manufacturing depends on imported inputs, I’m very concerned that Trump’s escalating #tradewar exacerbates this negative trend.” - @jaredb-econ.bsky.social
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Biggest experiment in US economy in a long time.
From @jc-econ.bsky.social :
The weighted average tariff in effect on US imports continues to creep higher w/ every announcement taking it to levels not seen since the 1930s & customs collections are on track for >$350bn in taxes on US firms & consumers per year while the media dutifully reports things as "not as bad as feared"
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Biggest experiment in US economy in a long time.
From @jc-econ.bsky.social :
The weighted average tariff in effect on US imports continues to creep higher w/ every announcement taking it to levels not seen since the 1930s & customs collections are on track for >$350bn in taxes on US firms & consumers per year while the media dutifully reports things as "not as bad as feared"
-
Biggest experiment in US economy in a long time.
From @jc-econ.bsky.social :
The weighted average tariff in effect on US imports continues to creep higher w/ every announcement taking it to levels not seen since the 1930s & customs collections are on track for >$350bn in taxes on US firms & consumers per year while the media dutifully reports things as "not as bad as feared"
-
Biggest experiment in US economy in a long time.
From @jc-econ.bsky.social :
The weighted average tariff in effect on US imports continues to creep higher w/ every announcement taking it to levels not seen since the 1930s & customs collections are on track for >$350bn in taxes on US firms & consumers per year while the media dutifully reports things as "not as bad as feared"
-
Biggest experiment in US economy in a long time.
From @jc-econ.bsky.social :
The weighted average tariff in effect on US imports continues to creep higher w/ every announcement taking it to levels not seen since the 1930s & customs collections are on track for >$350bn in taxes on US firms & consumers per year while the media dutifully reports things as "not as bad as feared"
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“ #Trump admin is raising #prices that are at the heart of the #affordability crisis". --#JaredBernstein
Post-trade war, tariffs are up $21 billion/month.
Or $736/year for every man, woman. & child living in the US.
At the moment, importers are eating a lot of this tax, but sometime this year, much of this will pass through to consumers. The rest will result in lower margin for businesses without #monopoly power.
https://econjared.substack.com/p/did-someone-neglect-to-tell-the-president?publication
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“ #Trump admin is raising #prices that are at the heart of the #affordability crisis". --#JaredBernstein
Post-trade war, tariffs are up $21 billion/month.
Or $736/year for every man, woman. & child living in the US.
At the moment, importers are eating a lot of this tax, but sometime this year, much of this will pass through to consumers. The rest will result in lower margin for businesses without #monopoly power.
https://econjared.substack.com/p/did-someone-neglect-to-tell-the-president?publication
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“ #Trump admin is raising #prices that are at the heart of the #affordability crisis". --#JaredBernstein
Post-trade war, tariffs are up $21 billion/month.
Or $736/year for every man, woman. & child living in the US.
At the moment, importers are eating a lot of this tax, but sometime this year, much of this will pass through to consumers. The rest will result in lower margin for businesses without #monopoly power.
https://econjared.substack.com/p/did-someone-neglect-to-tell-the-president?publication
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“ #Trump admin is raising #prices that are at the heart of the #affordability crisis". --#JaredBernstein
Post-trade war, tariffs are up $21 billion/month.
Or $736/year for every man, woman. & child living in the US.
At the moment, importers are eating a lot of this tax, but sometime this year, much of this will pass through to consumers. The rest will result in lower margin for businesses without #monopoly power.
https://econjared.substack.com/p/did-someone-neglect-to-tell-the-president?publication
-
“ #Trump admin is raising #prices that are at the heart of the #affordability crisis". --#JaredBernstein
Post-trade war, tariffs are up $21 billion/month.
Or $736/year for every man, woman. & child living in the US.
At the moment, importers are eating a lot of this tax, but sometime this year, much of this will pass through to consumers. The rest will result in lower margin for businesses without #monopoly power.
https://econjared.substack.com/p/did-someone-neglect-to-tell-the-president?publication
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"When companies face real competitors, then some enshittificatory gambits are unprofitable, because they'll drive your users to competing platforms. That's why Zuckerberg bought Instagram: he had been turning the screws on Facebook users, and when Instagram came along, millions of those users decided that they hated Zuck more than they loved their friends and so they... defected to Instagram."
-- @pluralistichttps://pluralistic.net/2025/01/20/capitalist-unrealism/#praxis
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"When companies face real competitors, then some enshittificatory gambits are unprofitable, because they'll drive your users to competing platforms. That's why Zuckerberg bought Instagram: he had been turning the screws on Facebook users, and when Instagram came along, millions of those users decided that they hated Zuck more than they loved their friends and so they... defected to Instagram."
-- @pluralistichttps://pluralistic.net/2025/01/20/capitalist-unrealism/#praxis
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"When companies face real competitors, then some enshittificatory gambits are unprofitable, because they'll drive your users to competing platforms. That's why Zuckerberg bought Instagram: he had been turning the screws on Facebook users, and when Instagram came along, millions of those users decided that they hated Zuck more than they loved their friends and so they... defected to Instagram."
-- @pluralistichttps://pluralistic.net/2025/01/20/capitalist-unrealism/#praxis
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"When companies face real competitors, then some enshittificatory gambits are unprofitable, because they'll drive your users to competing platforms. That's why Zuckerberg bought Instagram: he had been turning the screws on Facebook users, and when Instagram came along, millions of those users decided that they hated Zuck more than they loved their friends and so they... defected to Instagram."
-- @pluralistichttps://pluralistic.net/2025/01/20/capitalist-unrealism/#praxis
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"When companies face real competitors, then some enshittificatory gambits are unprofitable, because they'll drive your users to competing platforms. That's why Zuckerberg bought Instagram: he had been turning the screws on Facebook users, and when Instagram came along, millions of those users decided that they hated Zuck more than they loved their friends and so they... defected to Instagram."
-- @pluralistichttps://pluralistic.net/2025/01/20/capitalist-unrealism/#praxis
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Want more affordable housing? A better environment for small business? Tax breaks for the financially stressed? ...& more? #Vote for #HarrisWalz #OpportunityEconomy
cc: @KamalaHarrisWin
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Want more affordable housing? A better environment for small business? Tax breaks for the financially stressed? ...& more? #Vote for #HarrisWalz #OpportunityEconomy
cc: @KamalaHarrisWin
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Want more affordable housing? A better environment for small business? Tax breaks for the financially stressed? ...& more? #Vote for #HarrisWalz #OpportunityEconomy
cc: @KamalaHarrisWin
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Want more affordable housing? A better environment for small business? Tax breaks for the financially stressed? ...& more? #Vote for #HarrisWalz #OpportunityEconomy
cc: @KamalaHarrisWin
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Want more affordable housing? A better environment for small business? Tax breaks for the financially stressed? ...& more? #Vote for #HarrisWalz #OpportunityEconomy
cc: @KamalaHarrisWin
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#LaelBrainard gives an update on US economy (1 hour) : https://www.c-span.org/video/?538395-1/white-house-national-economic-adviser-global-economy
For a 30 sec intro: https://www.c-span.org/video/?c5133386/user-clip-economic-update-lael-brainard
Brainard overview starts at 2.40 min - lasts about 10 min. For those interested in US economics, a very worth while 10 min.
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#LaelBrainard gives an update on US economy (1 hour) : https://www.c-span.org/video/?538395-1/white-house-national-economic-adviser-global-economy
For a 30 sec intro: https://www.c-span.org/video/?c5133386/user-clip-economic-update-lael-brainard
Brainard overview starts at 2.40 min - lasts about 10 min. For those interested in US economics, a very worth while 10 min.
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#LaelBrainard gives an update on US economy (1 hour) : https://www.c-span.org/video/?538395-1/white-house-national-economic-adviser-global-economy
For a 30 sec intro: https://www.c-span.org/video/?c5133386/user-clip-economic-update-lael-brainard
Brainard overview starts at 2.40 min - lasts about 10 min. For those interested in US economics, a very worth while 10 min.
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#LaelBrainard gives an update on US economy (1 hour) : https://www.c-span.org/video/?538395-1/white-house-national-economic-adviser-global-economy
For a 30 sec intro: https://www.c-span.org/video/?c5133386/user-clip-economic-update-lael-brainard
Brainard overview starts at 2.40 min - lasts about 10 min. For those interested in US economics, a very worth while 10 min.
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#LaelBrainard gives an update on US economy (1 hour) : https://www.c-span.org/video/?538395-1/white-house-national-economic-adviser-global-economy
For a 30 sec intro: https://www.c-span.org/video/?c5133386/user-clip-economic-update-lael-brainard
Brainard overview starts at 2.40 min - lasts about 10 min. For those interested in US economics, a very worth while 10 min.
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Excellent topic, @pluralistic -- #Economism
"Before the rise of economism, it was common to speak of its subjects as "political economy" or even "moral philosophy" (#AdamSmith , the godfather of capitalism, considered himself a "moral philosopher"). "Political economy" implicitly recognizes that every policy has squishy, subjective, qualitative dimensions that don't readily boil down to math."
https://pluralistic.net/2024/09/18/falsifiability/
Love graphic - high preist
#MiltonFriedman @ Economism's altar #PoliEcon -
Excellent topic, @pluralistic -- #Economism
"Before the rise of economism, it was common to speak of its subjects as "political economy" or even "moral philosophy" (#AdamSmith , the godfather of capitalism, considered himself a "moral philosopher"). "Political economy" implicitly recognizes that every policy has squishy, subjective, qualitative dimensions that don't readily boil down to math."
https://pluralistic.net/2024/09/18/falsifiability/
Love graphic - high preist
#MiltonFriedman @ Economism's altar #PoliEcon