
MichaelIngle
4K posts

MichaelIngle
@ChinaNotes
Retired lawyer/student of Chinese. At https://t.co/UyqwZoZH7B I comment on articles posted on 爱思想, also writing about Hu Feng on https://t.co/9o91Dv0Fd6


Britain losing access to Claude fable isn’t on the BBC or Times homepage, 4th on the guardian, 7th on the FT and below the fold on the Telegraph. What are we doing here?

The UAE is releasing billions of dollars to Iran as part of a deal to reduce bilateral tensions and assist with reopening the strait. It could be as much as $20 billion. $3 billion has already been delivered, confirming rumors from earlier this week. The move comes after the emirates emerged as the single largest target for Iranian missiles and drones during the war. From confrontation to accommodation. reuters.com/world/middle-e…


“The G-7 and its partners should offer China a clear choice,” argue @Brad_Setser and @Shahinvallee. “Beijing can elect to face coordinated tariffs against its exports, or it can allow a coordinated appreciation in its currency—to the benefit of all.” foreignaffairs.com/china/real-pro…


The article is really a policy mobilization argument dressed in analytical clothing. @Brad_Setser isn't primarily writing for economists — he's writing to shame #G7 finance ministers into action before #Évian chart @ForeignAffairs foreignaffairs.com/china/real-pro…


We’re now four weeks out from an insane energy shock. It will likely lead to the collapse of several European governments. 🛢️⏳

I agree with @mattyglesias.



What should Labour's political economy be? In my contribution to "hot essay summer", I argue that Labour should define itself as pro-work, and anti-slop. Good work is productive, the best that slop can be is distracting. Slop gives the impression of frenetic activity, but without creation of real value. This turns out to be a pretty good description of Britain's economy. We've created an economy of rent-seekers and extractors rather than risk-takers and builders. I look at: 🍬 tax-avoiding American candy stores that crowd Oxford Street 📖 the 44,000 page planning document for Sizewell C (33 times longer than War and Peace) 🚄 the unbuilt railway that cost £100 billion 🏦 the cheapening of designs in our public spaces 🏗️ "fire safety" rent seeking that is stopping homes being built The common theme is slop. To escape this, Labour needs a plan to take on slop-generating tech companies, but also other rent-seekers throughout the economy that have made it impossible (or very costly) to build anything of value. Labour was founded to represent workers in the tangible economy: those who were physically building things. Today, 37% of British workers do not believe that their job makes a “meaningful contribution to the world”. Whoever leads Labour must have an answer to this, and it begins with tackling slop. Read the full piece here: substack.com/home/post/p-20…

Three months into the Iran war, the oil market is coming to grips with an unexpected new reality: China, the world's largest importer, needs much less fuel than previously thought reut.rs/4e3BY3s





My letter to the Prime Minister






