The hottest Political Economy Substack posts right now

And their main takeaways
Category
Top U.S. Politics Topics

Why Trump killed congestion pricing

Silver Bulletin • 386 implied HN points • 20 Feb 25
🇺🇸 U.S. Politics Policy Analysis Transportation Political Economy Urban planning Public Opinion
  1. Congestion pricing in New York has made commuting faster for many people, saving them time despite the added fees. Some drivers find it worth paying extra to avoid long traffic delays.
  2. Not everyone benefits equally from congestion pricing; it can be a burden for lower-income commuters who rely on personal vehicles. Still, it helps reduce traffic and pollution in the city.
  3. The policy has mixed effects on local businesses. While it may deter some visitors, faster travel within the city could encourage local spending from commuters using public transit.

The Tariff Game

Points And Figures • 1918 implied HN points • 03 Feb 25
🇺🇸 U.S. Politics Tariffs Political Economy Regulations Government spending
  1. Tariffs are often more about politics than economics, and many believe they don't help growth. They're seen as special favors rather than economic tools.
  2. While tariffs can raise prices, their real impact on the economy isn't as severe as some think. They could even lead to slower growth, which might help reduce inflation.
  3. There are concerns that government job cuts could hurt people who lack skills for other jobs. However, adapting and reinventing oneself is crucial, as others have had to do in tough situations.

Top Links 639 Buybacks over investment in the US military-industrial complex. The Indian economy shifts gear. RAND on burden-sharing & Britain's wars of decolonization.

Chartbook • 557 implied HN points • 04 Feb 25
🇺🇸 U.S. Politics Defense Policy Economic Policy International relations Political Economy
  1. There's a discussion about how companies are focusing more on buybacks instead of investing in important areas like the military complex. It raises questions about the priorities of businesses.
  2. The Indian economy appears to be making significant progress. This could indicate shifts in global economic dynamics and growth in emerging markets.
  3. A report from RAND explores how countries share defense responsibilities, particularly relating to Britain's historical wars. This could provide insights into current international relations and military commitments.

The American Empire is Losing Money in Europe. Will It Abandon Europe?

Glenn’s Substack • 859 implied HN points • 23 Aug 24
🌍 World Politics Geopolitics International relations Economics Political Economy Security Studies
  1. Europe is struggling because it is not adapting to the new multipolar world. Instead of building ties with other major economies, it is relying heavily on the U.S., which makes it weaker.
  2. Countries around the world are trying to diversify their economic connections to avoid too much dependence on a single superpower. Europe, on the other hand, is falling behind by sticking closely to U.S. interests.
  3. As the U.S. shifts its focus to Asia, Europe risks losing its political and economic relevance. If Europe doesn’t change its approach, it might find itself increasingly sidelined.

🍼 Confronting global population collapse: A Quick Q&A with … demographer Nick Eberstadt

Faster, Please! • 731 implied HN points • 14 Jan 25
🇺🇸 U.S. Politics Demographics Economics Political Economy Social Issues
  1. Global population is set to decline for the first time in history, mainly because people are choosing to have fewer children. This shift poses big challenges for governments worldwide.
  2. Unlike past population declines, like during the Black Death, today's situation is driven by personal choices rather than disease. We now face a situation of fewer births happening across different cultures and societies.
  3. The reasons for lower birth rates are complex. It's not just about wealth, as many poorer countries are also experiencing declining birth rates. People's desires for children play a crucial role in understanding these trends.
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No, this isn't normal

Erdmann Housing Tracker • 463 implied HN points • 23 Jan 25
🇺🇸 U.S. Politics Housing policy Economic Policy Urban Development Social Issues Political Economy
  1. Many people argue that housing costs have always been high, but this isn't accurate. In the past, housing prices were much more stable compared to the rapid increases we've seen in the last few decades.
  2. High housing costs today are not just due to demand. There's a complex web of factors that includes limited housing supply and economic changes, which makes it harder for people, especially those with lower incomes, to afford homes.
  3. The impact of rising rent prices isn't felt equally. While wealthier areas may see rents that align with income growth, poorer communities face much higher rent increases, making it challenging for families to maintain their living situations.

Chartbook 339 Uneven and combined development of what? How do we relate global dollars and global cocoa?

Chartbook • 600 implied HN points • 18 Dec 24
💼 Business Economics Capitalism Globalization Commodities Political Economy
  1. Global dollars and cocoa are connected within the system of capitalism, but they operate under very different political economies. Money is managed through global financial institutions, while cocoa production involves many poor farmers and large corporations.
  2. The relationship between cocoa and global dollars can be explored through the idea of 'sectors' in the economy, like the agro-industrial sector for cocoa and the financial sector for dollars. Each sector functions under its own rules and crises.
  3. Understanding how these sectors combine and differ helps to illustrate the complex dynamics of global capitalism. It’s important to consider how different sectors impact each other and society as a whole.

Amazingly Wonderful or Atrociously Bad?

Daniel Pinchbeck’s Newsletter • 15 implied HN points • 12 Feb 25
🇺🇸 U.S. Politics Political Economy Technology Policy Environmental Issues
  1. We are at a crossroads between a future of control by a wealthy few or a harmonious society where everyone can thrive. It's essential to choose a path that empowers people and promotes cooperation.
  2. Our current way of living, driven by individualism and consumerism, isn't sustainable. We need to shift towards a society based on shared resources and community participation.
  3. Transforming our consciousness and understanding of the world is key. By recognizing our interconnectedness, we can encourage positive change and foster a more compassionate society.

Chartbook 328 An economics Nobel for Biden's neocon moment. On AJR's "Whig" philosophy of history.

Chartbook • 1473 implied HN points • 19 Oct 24
🇺🇸 U.S. Politics Economic Policy International relations Political Economy Social justice Political History
  1. The recent Nobel Prize in economics was awarded to three economists who stressed the importance of societal institutions in achieving economic prosperity. Their work highlights how fairness and rights can drive economic growth.
  2. The Biden administration supports this view, aligning their economic strategies with the theories of these Nobel winners. They believe government policies can help bridge gaps like inequality and support innovation.
  3. The traditional ideas of free-market economics are becoming less popular, and the current trend leans towards more government intervention in the economy. This shift reflects a broader skepticism about past economic policies.

Chartbook 331: 46 in medias res - A mosaic of the Biden administration.

Chartbook • 743 implied HN points • 05 Nov 24
🇺🇸 U.S. Politics Biden administration Political Economy Foreign Policy Domestic Policy Election Analysis
  1. The Biden administration's time in office is seen as limited, with many questioning its place in history and legacy. It seems to be moving towards a significant change after one term.
  2. The administration faced various challenges, including obstacles to its policies, which highlighted the need for balance in its approach to both domestic and foreign issues.
  3. As tensions with China increase and significant decisions around issues like climate and economic policy continue, the Biden presidency is grappling with its role in a changing global landscape.

Top Links 580 How Bejing took over in Hong Kong. The dark tanker fleet off Malaysia. Potato collusion & freeing hermit crabs from plastic.

Chartbook • 314 implied HN points • 06 Dec 24
🌍 World Politics International relations Geopolitics Political Economy Regional conflicts Governance
  1. Beijing's influence in Hong Kong has grown significantly, leading to a shift in control over its financial hub. This change impacts how the West interacts with Hong Kong's economy.
  2. There are dark tanker fleets off Malaysia, which implies issues related to shipping and potentially illegal activities. It raises questions about maritime security and trade.
  3. Interesting stories include 'potato collusion' and efforts to free hermit crabs from plastic, highlighting different aspects of culture and environmental issues. These topics show how diverse and quirky news can be.

Soviet Ruins and China's Future

ChinaTalk • 474 implied HN points • 21 Oct 24
🌍 World Politics Soviet Union China Cold War Political Economy International relations
  1. China looks to the lessons of the Soviet Union to understand its own economic strategies and potential risks. By studying the past, they hope to avoid similar pitfalls in governance.
  2. The distribution of resources in an economy is crucial for success. If too much is spent on heavy industry and not enough on consumer goods, it can lead to dissatisfaction and inefficiencies.
  3. Khrushchev's time saw a shift in the Soviet mentality from military competition to economic competition with the West. This idea of competing systems is still relevant today, especially in how China views its place in the world.

Social Theory for the Mid-21st Century: Part III. How Can the Experiences of Past Societies of Domination Be Relevant for Us?

Brad DeLong's Grasping Reality • 269 implied HN points • 17 Nov 24
📖 Philosophy Social theory Political Economy History Ethics Technology
  1. Past societies often operated under systems of domination, where a small elite would take resources from the majority. This made it difficult for anyone to improve their situation without facing threats or violence.
  2. Technological progress today is much faster than in earlier times. This rapid change creates new challenges that previous societies never had to deal with, making lessons from the past less applicable.
  3. Understanding the internal workings of elite groups in past societies can provide some insights today. However, we shouldn't assume we are bound by their limitations because our circumstances are very different.

LECTURE NOTES: 5.4. Post-2010 "Polycrisis": Culture, Communications, Politics, & War

Brad DeLong's Grasping Reality • 207 implied HN points • 21 Nov 24
🇺🇸 U.S. Politics Political Economy Public Policy Cultural Studies War Studies
  1. We're facing a big change in how we organize our economies and societies after the old Neoliberal Order collapsed. Right now, there's no clear leader or system guiding us towards the future.
  2. Global warming is a major challenge we're dealing with, and it will likely change how we approach economics and society. It could cost us a lot and make it harder to adapt to new technologies.
  3. Misinformation is a huge problem in politics today. Many people believe false information, which can really impact elections and how we view our society.

Economics Links, 1/25/2025

In My Tribe • 410 implied HN points • 25 Jan 25
💰 Finance Economics Investing Market Trends Data Analysis Political Economy
  1. Many experts believe that relying on government decisions can be inefficient because it often favors those with political power instead of addressing real needs.
  2. Inequality is a natural part of society, and efforts to eliminate it through government action can lead to problems, including promoting wokeness.
  3. Economic data can often be misleading due to measurement errors, making it hard to trust figures that inform important decisions like GDP or monetary policies.

WEEKLY BRIEFLY NOTED: For 2024-11-27 We

Brad DeLong's Grasping Reality • 115 implied HN points • 27 Nov 24
🇺🇸 U.S. Politics Economic Policy Political trends Political Economy Social Issues
  1. Zero-sum thinking is on the rise, where people believe that economic growth takes away from someone else instead of benefiting everyone. This mindset can lead to less motivation and lower innovation in society.
  2. The belief that changes in the economy will harm individuals' existing benefits is a growing concern. Many people are starting to think that opportunities for advancement are limited.
  3. Recent predictions suggest that the U.S. economy could surprise us with better growth than expected. This positive outlook contrasts with the general fears of economic decline.

The Prigozhin Parable

Diane Francis • 1518 implied HN points • 24 Jul 23
🌍 World Politics International relations Political Economy Geopolitics Military Strategy Conflict analysis
  1. The Prigozhin affair shows that Russia is controlled by a group of wealthy oligarchs who care more about money than the well-being of their people. This makes it hard to negotiate or find solutions to the ongoing war.
  2. Putin's response to the Prigozhin situation reveals his weakness and the corruption within the military. Despite military losses, he continues to escalate the conflict instead of seeking peace.
  3. To effectively end the war, the West needs to take strong actions against Russian oligarchs and their assets. The future of Russia may involve breaking it into smaller states, similar to what happened with the Soviet Union.

Capitalists Do Not Take Risks.

JoeWrote • 130 implied HN points • 19 Nov 24
🇺🇸 U.S. Politics Capitalism Labor Rights Economic Theory Wealth Inequality Political Economy
  1. Capitalists often claim they take risks when starting businesses, but the reality is they just risk losing money, while workers create the real value.
  2. The idea that financial risk deserves the biggest reward is flawed. Labor plays a crucial role in producing wealth and should be valued more than just money at stake.
  3. Ultimately, capitalists face the possibility of becoming workers themselves if their businesses fail, but this isn't much of a risk compared to the actual physical and personal risks that workers take daily.

By Toppling The Syria, The US Has Guaranteed The End Of America In The Middle East.

C.O.P. Central Organizing Principle. • 42 implied HN points • 08 Dec 24
🇺🇸 U.S. Politics Foreign Policy Military Colonialism Civil Rights Political Economy
  1. The U.S. involvement in Syria may lead to negative consequences for America in the Middle East. People there could react strongly against Americans and their presence.
  2. There is a belief that American ignorance about its history and global actions contributes to its problems. Many feel that the U.S. needs to acknowledge its past mistakes and take responsibility.
  3. The current state of America's government and society is seen as corrupt. Some believe that a significant change is needed, potentially putting more power in the hands of indigenous people.

Trump's William McKinley Fetish is a Real Curveball

I Might Be Wrong • 12 implied HN points • 23 Jan 25
🇺🇸 U.S. Politics Political theory Political History Political Commentary Political Figures Political Economy
  1. Trump has shown an unusual admiration for President William McKinley, frequently mentioning him in speeches and calling him underrated. This is surprising because McKinley is not a common figure of praise among modern politicians.
  2. Trump believes that McKinley's tariffs significantly contributed to America's wealth, but many experts think this is a misunderstanding. Economic growth during that time was influenced by several factors, not just tariffs.
  3. McKinley's views on tariffs changed while he was in office, suggesting that his original ideas might not have been as set in stone as Trump claims. This highlights how historical interpretations can vary over time.

DRAFT: Five Afterthoughts on "Slouching Towards Utopia": Friedrich von Hayek, Michael Polanyi, & Company...

Brad DeLong's Grasping Reality • 84 implied HN points • 31 Oct 24
📖 Philosophy Political Economy Moral Philosophy Economic History
  1. The work in political economy and moral philosophy from the 1900s often comes from thinkers connected to the Vienna Circle. Their ideas shaped modern views in these fields.
  2. Natural issues like global warming and resource scarcity greatly impacted the economy throughout the 20th century. It's important to consider these environmental factors when studying economic history.
  3. Understanding different authors and theories, especially those related to socialism and welfare states, helps us grasp the changes in economic growth and social democracy since the late 19th century. Their insights remain relevant today.

On the Election

Philip’s Newsletter • 78 implied HN points • 06 Nov 24
🇺🇸 U.S. Politics Political Economy Inequality Tax policy Elections Social movements
  1. Inequality is growing because free markets and low taxes let wealth concentrate in a few hands. Over time, this leads to more people feeling left out and unhappy.
  2. Different countries face a tough choice between low taxes to drive growth or higher taxes to support fairness. These choices impact how people feel about their economic opportunities.
  3. Creating strong local communities where people support each other can help address the issues caused by inequality. Togetherness and compassion will be key to moving forward.

De-dollarization is about more than currencies: As dollar system declines, what comes next?

Geopolitical Economy Report • 378 implied HN points • 03 May 23
🌍 World Politics Economic Systems Monetary Systems Political Economy Global Trade Financialization
  1. De-dollarization is a shift away from the US dollar system towards a new economic system based on reducing imbalances and promoting balanced economic growth.
  2. The current crisis in the dollar system is exposing vulnerabilities, such as declining capital inflows and the need for central bank intervention to prop up asset markets.
  3. The future economic system may involve a mixed public-private economy, government intervention in strategic sectors, and capital controls to prevent financialization and promote productive expansion.

Naming the Perp: Very Few People Cause All of the World's Worst Problems

God's Spies by Thomas Neuburger • 125 implied HN points • 27 Nov 24
🇺🇸 U.S. Politics Wealth Inequality Political Economy Power Dynamics Corporate Influence
  1. A small number of wealthy individuals control a huge amount of money. Just 800 Americans hold around $6 trillion, showing how wealth is very concentrated.
  2. Investment firms manage a lot of this wealth, with 117 people deciding where to invest over $50 trillion. This means a few people hold significant power over global investments.
  3. Most of the world's problems are caused by a tiny group of individuals. Recognizing them makes it easier to hold them accountable and work towards change.

China's Vanishing Wealth

Diane Francis • 519 implied HN points • 09 Mar 23
💼 Business Economics Entrepreneurship Investment Corporate Governance Political Economy
  1. Wealthy business leaders in China are disappearing or facing government crackdowns without clear reasons. This shows a shift towards increased government control in key industries.
  2. China's past economic growth relied on free enterprise, which helped lift millions out of poverty. Now, the current leadership seems to favor a more centralized, state-controlled economy.
  3. The government's actions against successful entrepreneurs send a warning to investors about the risks of doing business in China. Many are now hesitant to engage due to fears of losing their investments.

The True Shape of America's Debt & Deficit "Burdens"

Brad DeLong's Grasping Reality • 261 implied HN points • 02 Feb 24
🇺🇸 U.S. Politics Economic Policy Government spending National Debt Political Economy
  1. Debt-to-GDP ratio in the U.S. has fluctuated over the years, with significant changes under different administrations.
  2. The U.S. could manage its debt by matching program spending to taxes in the future, allowing it to gradually diminish.
  3. The current U.S. deficit is a concern as it exceeds the optimal level, posing a risk for the future due to political and economic factors.

Why haven't markets disciplined public finance management practices in African states?

An Africanist Perspective • 277 implied HN points • 20 Jan 23
🌍 World Politics Debt crisis Political Economy
  1. African countries face high debt risks, diverting resources from critical areas like education and healthcare to debt servicing.
  2. The lack of market discipline in public finance management in African states can be attributed to factors like moral hazard involving foreign creditors and poor linkages to political institutions.
  3. Lessons learned from past debt crises emphasize the importance of democratizing public finance management and learning from mistakes to make smarter policy decisions.

Gunpowder-Empire Fiscal Legibility & State Development: Economic History/Political Economy Seminar

Brad DeLong's Grasping Reality • 222 implied HN points • 04 Mar 24
💾 History Economic History Political Economy
  1. The Viceroyalty of New Spain in 1550 was dominated by a gunpowder-empire machine with Castilians and indigenous populations, showcasing early forms of state development.
  2. The introduction of the Patio Process in 1554 for silver extraction revolutionized mining districts in Mexico, attracting workers and increasing prosperity due to the flow of mercury.
  3. Improved fiscal legibility in mining districts post-Patio Process led to accelerated political centralization, as viceroys had more confidence in transitioning areas from encomienda to corregimiento for better state control and revenue collection.

November 14, 2024

Letters from an American • 22 implied HN points • 15 Nov 24
🇺🇸 U.S. Politics Political Economy Elections Government Policy Social Issues Political Ideologies
  1. The Biden-Harris administration has seen a huge increase in small business applications, with more than 20 million filed in four years. This growth helps create jobs and supports a stronger economy.
  2. Biden's policies aim to reduce wealth inequality by investing in the middle class and promoting government regulations, moving away from the neoliberal strategies of the past that favored the rich.
  3. There's a growing concern about the future under a possible Trump administration, where proposed cuts to government spending could harm many Americans and return to a system that favors the wealthy.

Philosophical economics: Status anxiety

Klement on Investing • 4 implied HN points • 09 Jan 25
📖 Philosophy Economic Theory Political Economy Social Dynamics Wealth Inequality
  1. Status anxiety makes people feel like they are doing worse than their peers, leading them to take bigger risks in their investments or choices. This could mean putting themselves in tough situations just to feel they might catch up.
  2. Recent events like Brexit and the election of Donald Trump can be seen as responses to this anxiety. People felt left behind, and their desire to disrupt the system was a way to express their frustration.
  3. Economic changes, like slower growth and higher taxes, can worsen the feelings of anxiety among the less well-off. When people feel they have no control, they often react in ways that can hurt the economy instead of helping it.

This is Hypertext

Hypertext • 139 implied HN points • 20 Nov 23
🇺🇸 U.S. Politics Liberalism Political Economy Policy Public Discourse
  1. Hypertext journal is a new platform from the Niskanen Center focused on liberalism, political economy, and policy.
  2. They aim to engage in thoughtful dialogue through essays to bring people together and restore the original promise of hypertext.
  3. The Niskanen Center works to bridge the gap between traditional left and right ideas by injecting fresh perspectives into public discourse.

What To Do About the Dependence of the Form Progress Takes on Power?: Quick Takes on Acemoglu & Johnson's "Power & Progress"

Brad DeLong's Grasping Reality • 76 implied HN points • 29 Feb 24
🚌 Education Technology Economics Social Issues Political Economy Innovation
  1. The distribution of technological progress can be influenced by the balance of power in both markets and politics.
  2. Technologies can have both positive and negative impacts on society, so it's important to consider the distributional effects.
  3. Diverse perspectives and opinions are crucial in shaping better and more equitable technological trajectories.

From Click to Boom: The Political Economy of E-Commerce in China (book excerpt)

Pekingnology • 26 implied HN points • 12 Nov 24
💼 Business E-commerce Digital economy Political Economy
  1. China's e-commerce market grew rapidly even without strong laws and regulations in place. This shows that sometimes markets can develop in unexpected ways, relying on private platforms to fill the gap left by the government.
  2. The rise of online shopping has changed many aspects of life in China. It has led to a cashless society where even beggars use QR codes to receive donations, showing how deeply e-commerce has integrated into everyday life.
  3. China's unique approach of allowing e-commerce to flourish has led to innovative technologies like mobile payments and AI-driven logistics. This shows that government regulations can sometimes help or hurt the growth of industries.

What Josh Hawley gets wrong about me

Of Boys and Men • 131 implied HN points • 23 May 23
🇺🇸 U.S. Politics Social Issues Gender Studies Labor Market Political Economy Government Policy
  1. More men should be encouraged to work in HEAL professions like healthcare and education for a variety of reasons.
  2. It's important to address the gender disparities in occupations like health care and education to better serve clients and address labor shortages.
  3. Supporting opportunities for men in both blue-collar jobs and growing HEAL sectors is vital for a balanced workforce.

Subsidies, External Costs, and Deadweight Loss

Knowledge Problem • 39 implied HN points • 27 Jul 23
💼 Business Energy Tax policy Market Dynamics Subsidies Political Economy
  1. Understanding economic analyses of power markets is crucial for applied economics.
  2. Federal subsidies for wind and solar impact wholesale power markets by creating inefficiencies and distorting outcomes.
  3. Tax credits like the PTC/ITC are costly ways to encourage renewable energy generation, and a carbon tax might be more efficient.

Nyhetsbrev steigan.no 08.10.2024

steigan.no • 7 implied HN points • 08 Oct 24
🌍 World Politics International relations Conflict analysis Geopolitics Political Economy
  1. There was a terrorist attack in Pakistan that killed two Chinese workers. A group claiming responsibility for the attack wants independence for a region in Pakistan.
  2. The Swedish battery company Northvolt is facing bankruptcy. They need to pay a significant amount in taxes soon or risk financial collapse.
  3. Israel has provided Ukraine with a missile warning system to boost its defense capabilities. This support comes amid increased military tensions in the region.

India’s economic pivot from rules-based reform to deals-based tinkering

Get Down and Shruti • 5 implied HN points • 07 Oct 24
🇺🇸 U.S. Politics Political Economy Policy Analysis Corruption Regulation Government reform
  1. India's economic focus has shifted from broad reforms that help all businesses to a system where a few large companies get special deals. This switch encourages favoritism and makes things harder for smaller companies.
  2. The Goods and Services Tax (GST) is a key example of this change. Instead of simplifying taxes, it's become complicated, leading to confusion and more lobbying by big companies to get favorable treatment.
  3. The government's support for specific big firms has created an uneven playing field. This setup harms innovation and investment because businesses need connections to succeed rather than competitive practices.

Economics, Politics, and Institutions

Economic Forces • 3 implied HN points • 07 Nov 24
🇺🇸 U.S. Politics Political Economy Elections Regulation Institutional change Behavioral Economics
  1. Economists often view politics as a type of exchange, similar to market transactions. This means they see politicians as motivated by personal interests, like getting re-elected, but also recognize that politicians can care about the common good too.
  2. Jack Hirshleifer's insights emphasize that the rules of the game, like laws and property rights, shape how economics and politics function. We need to pay more attention to how these rules change over time.
  3. Applying economic thinking to political behavior can reveal new insights. Understanding how people make decisions outside of markets can enhance our grasp of human behavior overall.

In Search of Effective Activism Part 2: "These Streets Should Be Paved with Gold"

As If We Were Staying • 3 implied HN points • 08 Nov 24
🇺🇸 U.S. Politics Activism Wealth Inequality Community Organizing Environmental justice Political Economy
  1. Communities often end up missing out on wealth created in their area because big companies take profits away. People need to recognize this and push for change to keep more benefits local.
  2. Effective activism involves directly addressing the systems and industries that drain wealth from communities. This means fighting for better local governance and working together to build stronger, more resilient areas.
  3. Individuals can find ways to make a difference by focusing on their strengths and interests. Whether it's through education, environmental efforts, or community organization, everyone can contribute to creating a fairer system.