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Hochschild, after yrs of fieldwork in the appalachian, explains why Trump is popular. one missing thing: today's sadistic populism is more about vengeance than false promise: vote for me & i will make the better-off elite suffer; enjoy their squeal! nytimes.com/2025/06/09/opi…

happened to watch this Iranian dissident film on the plane. great one. the fact that movie like this can even emerge though with post-release arrest and blockade (can't imagine it in China) is telling.

Instructive for those still expecting major economic reform Chen Yun's birdcage theory: "The bird should be allowed to fly, but only in the cage. If there is no cage, the bird will escape" Xi urges party to learn from pioneer of China economic planning sc.mp/myaxs?utm_sour…

Good luck! ft.com/content/e6ae00…

If Iran’s Oil Is Cut Off, China Will Pay the Price—Chinese refineries have become hooked on cheap imports of sanctioned Iranian crude wsj.com/business/energ… wsj.com/business/energ…

Reuters: China floods Brazil with cheap EVs triggering backlash. “Countries around the world started closing their doors to the Chinese, but Brazil didn’t,” said Aroaldo da Silva, an auto worker and union leader. “China made use of that.” reuters.com/business/finan…

My two forthcoming new books (one on the dollar system & implausibility of RMB dominance and one on 8 centuries of china fantasy and Beijing's self-orientalization) in one ad - RMB as an object of exotic fantasy!

1st time in this great annual meeting. Amidst the refreshing & timely discussion of today's burning issues and theories yesterday, a bulb light up: the arrighi - panitch dispute is in a way continuation of the 1970s maoist-trotskyist debate on the nature of Chinese socialism.

China’s Industrial Profit Declined in May—Industrial profit fell 9.1% year over year in May, tumbling from April’s 3.0% rise wsj.com/economy/chinas… wsj.com/economy/chinas…

The structural-disciplinary power of capital is vindicated again. Capital is happy. (Under corporate personhood capital has human rights so they should have human emotions too)

Interesting (and discouraging) example of how PRC desperation to whitewash their policies in Xinjiang hurts its international relations and makes it harder for those trying to maintain engagement with China. A 🧵regarding Princeton Press' trip to Xinjiang:

Xi snd Putin are skipping the upcoming BRICS summit? I have already put aside a pot of money to invest in the hypothetical BRICS coin that's going to finish the USD! So bad! the-independent.com/asia/china/xi-…

the dollar devalued big time in the past 6 mo, but in the context of dollar having been overvalued since the pandemic or before? things still look cheap in europe and canada compared to a decade ago if you earn usd

he's right. 1.4 bil is an exaggeration. the majority who barely make ends meet don't need to move money out. whoever else aspiring to keep private property would. PRC constituton's article 6 warrants hostility to private property & capital control bloomberg.com/news/articles/…

what is the working political program of the new America Party? what will they do if elected to office? firing all government workers and then rehiring some of them, leaving everyone puzzled and confused while not achieving anything?