This has been a LONG time in works: my paper on how dollar hegemony is a form of international law-making power. It includes a long methodological/theoretical section on why strong versions of the 'law constitutes political economy' aren't convincing papers.ssrn.com/sol3/papers....
The so-called weaponisation of the dollar as part of the escalating geopolitical competition has drawn attention to dollar hegemony within the fields of interna
“The regulatory state is so compromised, and wealth so concentrated, that the investor-class just keeps pumping money in. The endgame seems to be that the AI industry achieves too-big-to-fail status, &… can demand a bailout once the whole thing implodes.”
davekarpf.beehiiv.com/p/the-data-c...
Frank Pasquale
get caught up on the backstory while you can't get caught up on grading
theamericanvandal.substack.com/p/historyofc...
It's not Marxism. It's not post-structuralism. It's a secret third thing. 🥸
The Ontology of the Monetary Image (Wonkish)
"What makes universities particularly valuable as a ‘space for exceptions’ is the same thing that makes people hate them."
newleftreview.org/sidecar/post...
Wrote on the twilight of independent central banking (always a myth, but a plausible one for some time) for Jacobin.
While central bankers "may want to stay out of politics, they simply have no moves left that do not contradict the neutrality they profess."
jacobin.com/2026/05/wars...
My best guess re the near future: Warsh and Bessent will push for inflation to be managed with more direct instruments like price controls, freeing the Fed up to be responsive to Trump's demands for lower (or at least not higher) interest rates. From 2029, a Democratic administration 1/3
that will take shape under Democratic auspices will be acceptable to the contracting propertied middle class, even as it lays the basis for the next (worse) Trump to take over in 2033. 3/3
My new book Currency of Nihilism is officially out today!
In it, I develop a history and theory of financial nihilism that speaks directly to the ongoing merger of digital technology with finance.
Use the code SAMMAN20 for 20% off:
www.sup.org/books/politi...
mngbookshop.co.uk/978150364586...
Martijn Konings
Martijn Konings
Martijn Konings
Martijn Konings
inspired by bipartisan "abundance" ambitions will try to foster a new AI-driven asset price boom by helping corporations shove it down people's throats even more systematically than is already the case. The fusion of tech and authoritarian control 2/3
