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AmPhoenixTrade @amphoenixtrade.bsky.social · 1h

Great conversation with you and Charles!

Sander Tordoir @sandertordoir.bsky.social · 15h

Enjoyed discussing Europe’s response to geo-economic tensions and global imbalances with Charles Lichfield and Beth Baltzan in the IMF atrium at the Annual Meetings.

Europe is the only bloc that is doing real rebalancing - which provides opportunities and risks.

www.youtube.com/watch?app=de...

How trade, dollar dominance, and debt intersect to shape global policy choices

YouTube video by AtlanticCouncil

www.youtube.com

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Tim Wu @superwuster.bsky.social · 18h

If you are around Oxford (UK) I'm giving a talk at the law school this Thursday at 12 at the IECL seminar room. Topic is: "The Servile State revisited" -- it is reconsideration of distributism as an alternative to brutal capitalism and communism. Open to public

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Michael Pettis @michaelpettis.bsky.social · 17h

1/5
David Miliband argues that a program that reduces the external debt of very poor countries "is financial engineering that provides a triple dividend: governments can get breathing room on...
www.ft.com/content/f48d...

We can restructure debt for humanitarian ends

Poor and middle-income countries are spending money on interest payments that could go towards essential public goods

www.ft.com

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Todd Tucker @toddntucker.com · 2d

The AI boom is masking a manufacturing decline.

@aarongregg23.bsky.social and @federicacocco.bsky.social have the story, with comments from @markmuro1.bsky.social @michaelrstrain.bsky.social and me.
www.washingtonpost.com/business/202...

America is getting an AI gold rush instead of a factory boom

The outcome of these trends has huge implications for workers, wealth and the future of America’s economy.

www.washingtonpost.com

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Michael Pettis @michaelpettis.bsky.social · 1d

1/4
Interesting piece by Jonathan Levy, who argues that the current "polarization" in American politics, in which capitalism and democracy have seemed at cross purposes for over a decade, is neither new nor necessarily a bad thing.
@_jonlevy
www.wsj.com/politics/uni...

Capitalism and Democracy Often Clash in America. They Usually End Up Better for It.

Economic booms sparked by capitalism can lead to inequality and then political upheaval. Democracy and capitalism, however, tend to improve as a result.

www.wsj.com

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Cristina Caffarra @cristinacaffarra.bsky.social · 1d

In line w Aghion’s message:
“𝗜𝗻 𝗘𝘂𝗿𝗼𝗽𝗲, 𝗶𝗻 𝘁𝗵𝗲 𝗻𝗮𝗺𝗲 𝗼𝗳 𝗰𝗼𝗺𝗽𝗲𝘁𝗶𝘁𝗶𝗼𝗻 𝗽𝗼𝗹𝗶𝗰𝘆 𝘄𝗲 𝗯𝗲𝗰𝗮𝗺𝗲 𝘃𝗲𝗿𝘆 𝗮𝗻𝘁𝗶 𝗮𝗻𝘆 𝗳𝗼𝗿𝗺 𝗼𝗳 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗽𝗼𝗹𝗶𝗰𝘆. 𝗜 𝘁𝗵𝗶𝗻𝗸 𝘄𝗲 𝗻𝗲𝗲𝗱 𝘁𝗼 𝗲𝘃𝗼𝗹𝘃𝗲 𝗼𝗻 𝘁𝗵𝗮𝘁 𝗮𝗻𝗱 𝗳𝗶𝗻𝗱 𝘄𝗮𝘆𝘀 𝘁𝗼 𝗿𝗲𝗰𝗼𝗻𝗰𝗶𝗹𝗲 𝗶𝗻𝗱𝘂𝘀𝘁𝗿𝗶𝗮𝗹 𝗽𝗼𝗹𝗶𝗰𝘆 𝗶𝗻 𝗮𝗿𝗲𝗮𝘀 𝗹𝗶𝗸𝗲 𝗱𝗲𝗳𝗲𝗻𝘀𝗲, 𝗰𝗹𝗶𝗺𝗮𝘁𝗲, 𝗔𝗜, 𝗯𝗶𝗼𝘁𝗲𝗰𝗵.” Amen

escapeforward.substack.com/p/the-new-ge...

The New Geoeconomics of Hard Power Requires New Tools. Will Europe Update?

This piece originates from a request by ProMarket to contribute to a forthcoming online symposium on the question: “Does a Globalized Economy Require Big Business?”.

escapeforward.substack.com

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Sander Tordoir @sandertordoir.bsky.social · 2d

This piece by The Telegraph on the global race for robotics is doing the rounds. Was glad to contribute some thoughts.

Germany is in some ways
Europes hope. Hope Berlin invests in letting this sector grow.

www.telegraph.co.uk/business/202...

Access Restricted

www.telegraph.co.uk

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AmPhoenixTrade @amphoenixtrade.bsky.social · 3d

Fukuyama now describes himself as a social democrat. Literally. End of History presumes a New Deal economic foundation without realizing it's a presumption.

Praxis Thoughts Haver @praxisprocess.bsky.social · 4d

The Neocons realized that Liberal Democratic Socialism is the resolution of the Historical Dialectic.

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Sander Tordoir @sandertordoir.bsky.social · 5d

The inability of the US and Europe to build an own supply of rare earth refining - knowing for years it was a huge vulnerability - must be one of the most catastrophic policy failures of the decade.

One reason it‘s hard: the West cannot free trade its way out when China controls the price mechanism

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Sander Tordoir @sandertordoir.bsky.social · 6d

"Industrial policy can never work" edition X.

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AmPhoenixTrade @amphoenixtrade.bsky.social · 6d

The 1948 Democratic vision for multilateral trade was to internationalize the New Deal, including labor and antimonopoly rules. What we got with the WTO in 1995 was internationalized Reaganomics instead.

mjs0112.bsky.social @mjs0112.bsky.social · 6d

Reaganism - market liberalism without restraint or populism and incitement of race prejudice - is surely what helped get us to this moment. It is an unappealing dream to believe that the democratic future is fundamentally “unpopulist”. Abundance must be populist to work as a re-democratizing force.

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Sander Tordoir @sandertordoir.bsky.social · 7d

Anders is right. German industry matters hugely for the upstream value chains in CEE.

There’s a reason Czechia has stagnated alongside the German economy.

Anders Larson @thisisanders.bsky.social · 7d

And people forget that despite all the anti-German sentiment the German car industry is a primary driver of (economic) integration, employment, and export growth for CEE MS. If it doesn't modernize with an eye to the marketplace of the 21stC it will be one giant multinational Nokia

Sander Tordoir @sandertordoir.bsky.social · 7d

If Germany doesn’t put in place a pro-competitive industrial policy for cars, centred on market building, the country may well end up down the line giving messy bailouts, regulatory rollbacks in response to mounting political and union pressure - only for the sector to wither anyway.

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Tim Wu @superwuster.bsky.social · 12d

Finalized my 2025 book tour!

Coming through New York, DC, Chicago, Toronto, San Francisco, Los Angeles, London, Oxford and Cambridge. Click here for details:
timwu.net#booktour

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FEPS Europe @feps-europe.eu · 21d

The Policy Conference moves to the conversation “Trade policy and #Competitiveness: Friends or foes?”

With
🔺Elizabeth Baltzan, US Trade Representative
🔺 @bernd-lange.bsky.social @socialistsanddemocrats.eu
🔺László Andor, @feps-europe.eu

Tune in LIVE
🔴 webstreaming.cor.europa.eu/en/cor/a-cle...

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Longtail News @longtail.news · 16d

Feed: "Atlantic Council"
By: Beth Baltzan on Monday, September 29, 2025

Stable US-EU trade requires a new approach to globalization

From the China shock to the breakdown of free trade, any assessment of the US-EU trade agreement and the future of transatlantic trade hinges on understanding the leverage that both parties brought to Scotland.

www.atlanticcouncil.org

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AmPhoenixTrade @amphoenixtrade.bsky.social · 16d

You can watch the Forum on Youtube. I’ll be on a panel discussing US/EU/China trade at 9:25am Brussels time: www.atlanticcouncil.org/event/2025-t...

2025 Transatlantic Forum on GeoEconomics

The Transatlantic Forum on GeoEconomics is an annual conference convening economic and financial leaders from both sides of the Atlantic.

www.atlanticcouncil.org

AmPhoenixTrade @amphoenixtrade.bsky.social · 16d

Pleased to publish this essay in advance of the Transatlantic Forum on GeoEconomics tomorrow:

www.atlanticcouncil.org/in-depth-res...

Stable US-EU trade requires a new approach to globalization

From the China shock to the breakdown of free trade, any assessment of the US-EU trade agreement and the future of transatlantic trade hinges on understanding the leverage that both parties brought to...

www.atlanticcouncil.org

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Sander Tordoir @sandertordoir.bsky.social · 17d

The IMF too long assumed imbalances would recede.

The Fund is now - thankfully - marching back into the global imbalance part of its mandate.

IMF staff just released an interesting new paper.

“Do trade imbalances boost incomes in surplus economies at the expense of deficit economies?

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AmPhoenixTrade @amphoenixtrade.bsky.social · 22d

Similarly in Africa - one of the reasons the Biden Administration shifted away from FTA negotiations with Kenya toward something more modular was out of respect for continental integration efforts across Africa, and to avoid undermining the AfCFTA. Colonial patterns persist.

Michael Pettis @michaelpettis.bsky.social · 22d

2/6
If Chinese infrastructure investment is designed to maximize trade and transportation links across the region, it could provide a major boost to overall Latin American productivity growth by turning many fragmented Latin American markets into a much larger single market.

Reposted by AmPhoenixTrade

Sander Tordoir @sandertordoir.bsky.social · 22d

Folks reach too quickly for the 'Europe should pivot to China' line in response to Trump’s tariffs. It’s a vibes argument that shatters on contact with reality.

China’s market isn’t growing for EU exporters – it’s shrinking. At home, competition is getting fiercer as China exports its way...

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Sander Tordoir @sandertordoir.bsky.social · 22d

Good Bloomberg piece.

And agree with JP Morgan: “Some of this is the fact that China has very cleverly found other export markets, including Europe, which has been a key hedge to slowing exports to the US.”

High time the IMF puts this at the top of the agenda.

www.bloomberg.com/news/feature...

China Floods the World With Cheap Exports After Trump’s Tariffs

Shipments have soared outside the US this year, but countries dealing with the glut appear reluctant to take on another trade war — for now.

www.bloomberg.com

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Nils Redeker @nilsredeker.bsky.social · Sep 15

Last week, the French government announced an extra €1,000 bonus for EVs with batteries made in Europe.

Another data point that “buy European” is picking up some real traction this fall. www.ecologie.gouv.fr/presse/augme...

Augmentation de la prime pour l’achat d’un véhicule électrique respectant des critères de production européenne à partir du 1er octobre | Ministères Aménagement du territoire Transition écologique

Agnès PANNIER-RUNACHER, ministre de la Transition écologique, de la Biodiversité, de la Forêt, de la Mer et de la Pêche, et Marc FERRACCI, ministre chargé de l’Industrie et de l’Energie, annoncent l’a...

www.ecologie.gouv.fr

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AmPhoenixTrade @amphoenixtrade.bsky.social · Sep 11

Periodic reminder that if this is your goal, CPTPP is a bad idea.

on.ft.com/41QhKUm

Volkswagen vows to defend Europe crown in fightback against Chinese EVs

Competition in region’s electric vehicle market intensifies as German carmaker launch new models and software

on.ft.com

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AmPhoenixTrade @amphoenixtrade.bsky.social · Sep 10

This is what unites workers in places like Montana, Wyoming, Idaho, and West Virginia with workers in developing economies: they object to the model of extractive economic governance we've had for 40 years.

Tim Wu @superwuster.bsky.social · Sep 10

The Extraction Imperative: that the highest purpose of business lies not in creating value but finding novel ways to take more money and intangible assets from everyone else; i.e., achieving full use of every iota of market power.

AmPhoenixTrade @amphoenixtrade.bsky.social · Sep 10

This is where you find common ground between workers in Montana, Wyoming, Idaho, West Virginia -- resource-rich states -- and workers in developing economies. They feel exploited.

Tim Wu @superwuster.bsky.social · Sep 10

The Extraction Imperative: that the highest purpose of business lies not in creating value but finding novel ways to take more money and intangible assets from everyone else; i.e., achieving full use of every iota of market power.

Reposted by AmPhoenixTrade

Sander Tordoir @sandertordoir.bsky.social · Sep 9

The ASML-Mistral move is a bet on a sovereign EU tech ecosystem. So my take in Bloomberg aligns with Jefferies - this is more than a narrow ASML business decision.

But it fits with ASML's tradition of ensuring a diversified, stable supplier ecosystem, now adding in geopolitics

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