Jos Gallacher 🟰
@jos.gallacher.be
Scot, European citizen, economic policy aficionado, green tinged democratic socialist, social democrat, book lover, coffee addict and pedant.
In that order.
In that order.
Reposted by Jos Gallacher 🟰
In a world divided between evil empires, a mysterious author writes a Report showing an alternate reality in which the EU reaches strategic autonomy. His utopic report suggests the possibility that the EU might dare to dream bigger than it is used to.
February 12, 2026 at 7:15 AM
In a world divided between evil empires, a mysterious author writes a Report showing an alternate reality in which the EU reaches strategic autonomy. His utopic report suggests the possibility that the EU might dare to dream bigger than it is used to.
This deregulation push is nuts.
Has to be said.
Has to be said.
Antonio Costa was once a socialist, a shorthand for understanding capitalism first, and then reform/revolution.
this deregulation push is nuts. it wont work, because we are not in the 1990s neoliberalism, but a world of heavy state intervention and transformative ambitions.
this deregulation push is nuts. it wont work, because we are not in the 1990s neoliberalism, but a world of heavy state intervention and transformative ambitions.
If the aim of European policy was wellbeing of the people rather than merely competing against others, conclusions and solutions would probably diverge a lot from more and more #deregulation, and more and more military spending www.ft.com/content/53df...
February 12, 2026 at 9:54 AM
This deregulation push is nuts.
Has to be said.
Has to be said.
Reposted by Jos Gallacher 🟰
On Jim Ratcliffe: just because you've got a lot of money, it doesn't mean you know what you're talking about
My interview on Sky News.
My interview on Sky News.
February 12, 2026 at 8:17 AM
On Jim Ratcliffe: just because you've got a lot of money, it doesn't mean you know what you're talking about
My interview on Sky News.
My interview on Sky News.
Reposted by Jos Gallacher 🟰
Look ma, I made it! 👩🎤
(I was asked to do a reel about The Big Con to mark the launch Polish translation while in Poznań a few weeks ago. Extremely millennial of me to finish a reel with “thanks for listening!!”)
Wielka ściema, coauthored with @mazzucatom.bsky.social & translated by Joanna Bednarek
(I was asked to do a reel about The Big Con to mark the launch Polish translation while in Poznań a few weeks ago. Extremely millennial of me to finish a reel with “thanks for listening!!”)
Wielka ściema, coauthored with @mazzucatom.bsky.social & translated by Joanna Bednarek
February 11, 2026 at 3:46 PM
Look ma, I made it! 👩🎤
(I was asked to do a reel about The Big Con to mark the launch Polish translation while in Poznań a few weeks ago. Extremely millennial of me to finish a reel with “thanks for listening!!”)
Wielka ściema, coauthored with @mazzucatom.bsky.social & translated by Joanna Bednarek
(I was asked to do a reel about The Big Con to mark the launch Polish translation while in Poznań a few weeks ago. Extremely millennial of me to finish a reel with “thanks for listening!!”)
Wielka ściema, coauthored with @mazzucatom.bsky.social & translated by Joanna Bednarek
Reposted by Jos Gallacher 🟰
4/4
It is interesting how quickly the consensus on the role of trade and industrial policy is changing, and how we are increasingly recognizing that trade and industrial policies in countries that control their external accounts become policies (in reverse) of those that don't.
It is interesting how quickly the consensus on the role of trade and industrial policy is changing, and how we are increasingly recognizing that trade and industrial policies in countries that control their external accounts become policies (in reverse) of those that don't.
February 11, 2026 at 9:12 AM
4/4
It is interesting how quickly the consensus on the role of trade and industrial policy is changing, and how we are increasingly recognizing that trade and industrial policies in countries that control their external accounts become policies (in reverse) of those that don't.
It is interesting how quickly the consensus on the role of trade and industrial policy is changing, and how we are increasingly recognizing that trade and industrial policies in countries that control their external accounts become policies (in reverse) of those that don't.
Reposted by Jos Gallacher 🟰
5/6
Polish economist Michael Kalecki made the same argument (also, not coincidentally, in the 1930s), A single business, he pointed out, can boost profits by suppressing wages. But, paradoxically, when businesses collectively suppress wages, they also suppress...
Polish economist Michael Kalecki made the same argument (also, not coincidentally, in the 1930s), A single business, he pointed out, can boost profits by suppressing wages. But, paradoxically, when businesses collectively suppress wages, they also suppress...
February 11, 2026 at 5:03 AM
5/6
Polish economist Michael Kalecki made the same argument (also, not coincidentally, in the 1930s), A single business, he pointed out, can boost profits by suppressing wages. But, paradoxically, when businesses collectively suppress wages, they also suppress...
Polish economist Michael Kalecki made the same argument (also, not coincidentally, in the 1930s), A single business, he pointed out, can boost profits by suppressing wages. But, paradoxically, when businesses collectively suppress wages, they also suppress...
Reposted by Jos Gallacher 🟰
🤳 Open phone for one thing. 1h later, you remember it again, after feeling your brain melted by doomscrolling and brainrot.
That’s not a personal failure — it’s by design. The EU wants to curb it. Big Tech is #lobbying hard to keep you hooked.
👀 our new report 👇
corporateeurope.org/en/2026/02/a...
That’s not a personal failure — it’s by design. The EU wants to curb it. Big Tech is #lobbying hard to keep you hooked.
👀 our new report 👇
corporateeurope.org/en/2026/02/a...
February 5, 2026 at 8:42 AM
🤳 Open phone for one thing. 1h later, you remember it again, after feeling your brain melted by doomscrolling and brainrot.
That’s not a personal failure — it’s by design. The EU wants to curb it. Big Tech is #lobbying hard to keep you hooked.
👀 our new report 👇
corporateeurope.org/en/2026/02/a...
That’s not a personal failure — it’s by design. The EU wants to curb it. Big Tech is #lobbying hard to keep you hooked.
👀 our new report 👇
corporateeurope.org/en/2026/02/a...
Reposted by Jos Gallacher 🟰
This would have been a good point for someone to have asked, is that really how things work? Or is vacuum in fact an excellent insulator? www.ft.com/content/a5cf...
February 10, 2026 at 1:24 PM
This would have been a good point for someone to have asked, is that really how things work? Or is vacuum in fact an excellent insulator? www.ft.com/content/a5cf...
“Act so as to treat humanity, whether in your own person or in that of another, at all times also as an end, and not only as a means.”
Kant
Something for politicians to ponder.
Kant
Something for politicians to ponder.
February 9, 2026 at 2:07 PM
“Act so as to treat humanity, whether in your own person or in that of another, at all times also as an end, and not only as a means.”
Kant
Something for politicians to ponder.
Kant
Something for politicians to ponder.
I was looking at the manifesto and noticed this:
“Labour will safeguard taxpayers’
money. We will end the link between
access to ministers and an inside
track for public contracts.”
#Palantir
“Labour will safeguard taxpayers’
money. We will end the link between
access to ministers and an inside
track for public contracts.”
#Palantir
February 8, 2026 at 3:36 PM
I was looking at the manifesto and noticed this:
“Labour will safeguard taxpayers’
money. We will end the link between
access to ministers and an inside
track for public contracts.”
#Palantir
“Labour will safeguard taxpayers’
money. We will end the link between
access to ministers and an inside
track for public contracts.”
#Palantir
Reposted by Jos Gallacher 🟰
Repasamos nuestro paso por París:
➡️Frenar a los magnates digitales: colaboración con la OCDE.
➡️Identidad social, soberanía energética y democratización digital: debate en Le Grand Continent.
➡️ Los ultrarricos tienen que pagar: propuesta de una tasa Zucman para España.
t.me/pbustinduy/329
➡️Frenar a los magnates digitales: colaboración con la OCDE.
➡️Identidad social, soberanía energética y democratización digital: debate en Le Grand Continent.
➡️ Los ultrarricos tienen que pagar: propuesta de una tasa Zucman para España.
t.me/pbustinduy/329
Pablo Bustinduy
Repasamos nuestro paso por París:
1. Frenar a los magnates digitales: colaboración con la OCDE por los derechos de los consumidores en internet.
El jueves pudimos reunirnos con la Secretaria Gene...
t.me
February 8, 2026 at 1:04 PM
Repasamos nuestro paso por París:
➡️Frenar a los magnates digitales: colaboración con la OCDE.
➡️Identidad social, soberanía energética y democratización digital: debate en Le Grand Continent.
➡️ Los ultrarricos tienen que pagar: propuesta de una tasa Zucman para España.
t.me/pbustinduy/329
➡️Frenar a los magnates digitales: colaboración con la OCDE.
➡️Identidad social, soberanía energética y democratización digital: debate en Le Grand Continent.
➡️ Los ultrarricos tienen que pagar: propuesta de una tasa Zucman para España.
t.me/pbustinduy/329
Reposted by Jos Gallacher 🟰
Snowdrops in the Rosebery Estate
February 7, 2026 at 2:22 PM
Snowdrops in the Rosebery Estate
I would suggest that the point of a new PM is not to see off Reform in three years time but till use the government’s mandate to effect change where it is needed.
I would propose climate change, inequality and financial reform as priorities.
I would propose climate change, inequality and financial reform as priorities.
This is very, very good. A politically adept Labour PM still has the opportunity to turn things around - at least partially. Understanding Reform-curious voters will never vote Labour would, in and of itself, be a major step forward. Getting to a 30% vote share is still doable.
New post:
"After Starmer"
The PM will go at some point - even if it drags out for a while - so what would a new leader actually do differently?
And would it be enough to change anything?
(£/free trial)
open.substack.com/pub/samf/p/a...
"After Starmer"
The PM will go at some point - even if it drags out for a while - so what would a new leader actually do differently?
And would it be enough to change anything?
(£/free trial)
open.substack.com/pub/samf/p/a...
February 8, 2026 at 11:18 AM
I would suggest that the point of a new PM is not to see off Reform in three years time but till use the government’s mandate to effect change where it is needed.
I would propose climate change, inequality and financial reform as priorities.
I would propose climate change, inequality and financial reform as priorities.
Total Russian national income is, at best, $2.5 trillion a year.
"Zelensky said that Russia and the United States were discussing bilateral economic agreements worth some $12 trillion, including deals that would affect Ukraine"
(Note: there are not $12 trillion worth of deals to be done in Russia)
www.washingtonpost.com/world/2026/0...
(Note: there are not $12 trillion worth of deals to be done in Russia)
www.washingtonpost.com/world/2026/0...
Zelensky says Russia is proposing huge economic deals with U.S.
The Ukrainian president said the Trump administration was pushing for a June deadline to end Russia’s war.
www.washingtonpost.com
February 7, 2026 at 11:10 PM
Total Russian national income is, at best, $2.5 trillion a year.
No
tl;dr
tl;dr
Will Keir Starmer use his nuclear option to try to head off a leadership challenge? www.independent.co.uk/voices/keir-...
Will Keir Starmer use his nuclear option to try to head off a leadership challenge?
The prime minister’s allies have hinted that he will call a general election, says John Rentoul
www.independent.co.uk
February 7, 2026 at 5:51 PM
No
tl;dr
tl;dr
It sounds like more people are noticing the Turner Curve.
Oren Cass uses serious economics to trash finance in the NYT cepr.net/publications... Why don't all economists?
Oren Cass Uses Good Economics in Attacking Finance in NYT
Oren Cass is right to criticize a bloated financial sector that drains the economy through excessive trading, private equity abuse, and financial waste.
cepr.net
February 7, 2026 at 2:56 PM
It sounds like more people are noticing the Turner Curve.
Snowdrops in the Rosebery Estate
February 7, 2026 at 2:22 PM
Snowdrops in the Rosebery Estate
Does the bond market choose the prime minister now?
Starmer camp warns leadership challenge risks economic chaos ft.trib.al/3qxQM3t
Starmer camp warns leadership challenge risks economic chaos
Investors also signal concern at prospect of a more leftwing government
ft.trib.al
February 7, 2026 at 9:12 AM
Does the bond market choose the prime minister now?
Reposted by Jos Gallacher 🟰
In economic commentary there are two curious assumptions, firstly that increasing consumption is beneficial and secondly that rising housing costs are good news.
In the real world neither is a priori correct.
#EconSky
www.ft.com/content/b64e... Are UK consumers about to rediscover their mojo?
In the real world neither is a priori correct.
#EconSky
www.ft.com/content/b64e... Are UK consumers about to rediscover their mojo?
Are UK consumers about to rediscover their mojo?
The pieces are falling into place, but are not quite there yet
www.ft.com
February 6, 2026 at 9:47 AM
In economic commentary there are two curious assumptions, firstly that increasing consumption is beneficial and secondly that rising housing costs are good news.
In the real world neither is a priori correct.
#EconSky
www.ft.com/content/b64e... Are UK consumers about to rediscover their mojo?
In the real world neither is a priori correct.
#EconSky
www.ft.com/content/b64e... Are UK consumers about to rediscover their mojo?
Seriously tempted to stop bothering about economic policy and dedicating my time to reading science fiction novels.
February 5, 2026 at 6:04 PM
Seriously tempted to stop bothering about economic policy and dedicating my time to reading science fiction novels.
Reposted by Jos Gallacher 🟰
The company known as Strategy is now just a pile of some 700,000 bitcoin, bought some 10% above where its currently trading, and presumably many of the holders of Strategy stock invested at a high multiple of where it's now valued. There are times I really wonder about efficient market hypothesis
February 5, 2026 at 5:00 PM
The company known as Strategy is now just a pile of some 700,000 bitcoin, bought some 10% above where its currently trading, and presumably many of the holders of Strategy stock invested at a high multiple of where it's now valued. There are times I really wonder about efficient market hypothesis
Reposted by Jos Gallacher 🟰
Absolutely, as @annpettifor.bsky.social writes "Epstein the paedophile is a sub-plot," a horrible, sordid one, but this is about the corruption & capture of govts by finance. Our film The Finance Curse (out soon-ish, currently going through legal checks & final edit) looks at this (& features Ann!)
The Mandelson Scandal is about Wall Street Power and Political Deviance
Epstein the paedophile is a sub-plot.
annpettifor.substack.com
February 5, 2026 at 2:48 PM
Absolutely, as @annpettifor.bsky.social writes "Epstein the paedophile is a sub-plot," a horrible, sordid one, but this is about the corruption & capture of govts by finance. Our film The Finance Curse (out soon-ish, currently going through legal checks & final edit) looks at this (& features Ann!)