Benjamin Braun

@benbraun.social

Political economist @ LSE, currently visiting professor at the Institute for Advanced Study | benjaminbraun.org

Now is not the time for across-the-board road fuel subsidies in Germany. Yet top CDU officials are mulling exactly that via VAT cuts, to ease escalating diesel & gasoline costs. This makes every liter cheaper for everyone & so encourages consumption. A 🧵 on why that’s a problem:

Just in time for the latest oil price spike, we published our article urging the ECB not to hike rates to fight a supply shock. Europe needs a new inflation governance for shockflation. We need disaster preparedness for essentials instead of increasing investment costs.

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This Sunday, Die Linke could become Berlin’s strongest party for the first time. Importantly, its success in urban centers reflects a broader sociostructural transformation: from a party rooted in the support of production workers to one drawing disproportionate support from the new middle class.

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Julius Kölzer@juliusk.bsky.social · 3mo ago

Die Linke pulled off a surprise win in Germany’s most recent federal election and has suddenly become one of the most closely watched parties in Europe’s progressive politics. Behind the success lies a continuing structural transformation of its geographic support base. A short thread🧵

Frontier AI firms are openly calling for competition-reducing coordination. We shouldn't be surprised: The inter-firm infrastructure for this has long been in the making. People think varieties of capitalism is no longer cool but Silicon Valley has built a ... privately coordinated market economy.

Benjamin Braun@benbraun.social · 12mo ago

Remember when dense networks of strategic cross-shareholdings among firms, native to coordinated market economies, went the way of the dodo? The Rhenish model, Germany, Inc. undone by Anglo institutional investors? Well, the dodo is back. Say hello to USA, Inc. www.bloomberg.com/news/feature...

Frontier AI firms are openly calling for competition-reducing coordination. We shouldn't be surprised: The inter-firm infrastructure for this has long been in the making. People think varieties of capitalism is no longer cool but Silicon Valley has built a ... privately coordinated market economy.

Benjamin Braun@benbraun.social · 12mo ago

Remember when dense networks of strategic cross-shareholdings among firms, native to coordinated market economies, went the way of the dodo? The Rhenish model, Germany, Inc. undone by Anglo institutional investors? Well, the dodo is back. Say hello to USA, Inc. www.bloomberg.com/news/feature...

The growth of private credit has often been attributed to tighter banking regulation and low policy rates. Such things certainly played a role early on, but they are difficult to reconcile with the rapid growth in private credit since 2020, when rates went up and regulation, if anything, loosened

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Iñaki Aldasoro@aldasoro.bsky.social · 6d ago

Hey hey! BIS Quarterly Review is out. Check out our article with Puriya Abbassi and Sebastian Doerr on the role of private credit in financing the digital economy www.bis.org/publications...

Three very pale men insisting that they've created a monster of superhuman capabilities that can only be controlled if the public sinks a big stake into it. This stake, it must be wooden?