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BJPIR @bjpir.bsky.social · 07/09/2026

📖 Don't miss the runner up articles for the #BJPIR John Peterson Best Article Prize for 2025! ‘Dillon Wamsley, ‘Revisiting the theoretical foundations of depoliticisation: A Gramscian state theory approach for an era of crisis’ by @dillonwamsley.bsky.social 🔗 buff.ly/SZYPVeI

lnkd.in

Sage Journals: Discover world-class research

Subscription and open access journals from Sage, the world's leading independent academic publisher.

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Liam Stanley @liamstanley.bsky.social · 30/06/2026

New article on the MAGA counter-movement against ESG and DEI www.tandfonline.com/doi/full/10....

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Dillon Wamsley @dillonwamsley.bsky.social · 03/04/2026

“the Cayman Islands is [now] in fact the largest foreign holder of US Treasury securities…Indeed between 2022 and 2024, hedge funds “absorbed 37 per cent of net issuance of notes and bonds”, …“nearly the same amount as all other foreign investors combined”. www.ft.com/content/c5a3...

ft.com

Home - Financial Times

News, analysis and opinion from the Financial Times on the latest in markets, economics and politics

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Robin Wigglesworth @robinwigglesworth.ft.com · 02/04/2026

Please gird yourself for months of shameless self-promotion, mute me on socials, feel free to avoid me in public etc, because my next book — A Fabulous Debt: The Epic Story of How Bonds Built the Modern World — is now available for pre-orders. www.penguinrandomhouse.com/books/750210...

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Scott James @drscottjames.bsky.social · 24/03/2026

Pleased to finally publish this paper with Mareike Beck on the epistemic origins of the 2022 gilt market crisis in @jeppjournal.bsky.social How can we explain the limited regulatory response to the increasing systemic risk of LDI strategies in UK pensions? 1/n 🧵 doi.org/10.1080/1350...

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Benjamin Braun @benbraun.social · 12/01/2026

Placing the power to set the rates of interest & unemployment in the hands of an independent body whose regional branches are run by bankers and whose top job is held by exceptionally conservative and Wall Street-friendly technocrats has been a 𝘬𝘦𝘺 𝘱𝘪𝘭𝘭𝘢𝘳 𝘰𝘧 𝘤𝘪𝘷𝘪𝘭 𝘰𝘭𝘪𝘨𝘢𝘳𝘤𝘩𝘺 in the United States. 1/2

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The New Statesman @newstatesman1913.bsky.social · 06/12/2025

How not to talk about capitalism The more it penetrates our daily lives, the less we seem to understand the “system that runs the world” By Dominik Leusder

newstatesman.com

How not to talk about capitalism

The more it penetrates our daily lives, the less we seem to understand the “system that runs the world”

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Jack Copley @jackcopley.bsky.social · 23/11/2025

This is a very interesting piece, both in terms of its analysis of the Truss government and its implications for how we think about the politics of depoliticisation today.

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Dillon Wamsley @dillonwamsley.bsky.social · 20/11/2025

Without denying the enhanced power of bond markets in the UK’s current economic context, this shows how it is also the institutional arrangements around economic policymaking — which are not subject to iron economic laws — that shape fiscal space.

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Dillon Wamsley @dillonwamsley.bsky.social · 20/11/2025

2) the institutionalised market sensitivity baked into UK macroeconomic policy, in large part from an over-reliance on speculative OBR forecasts and continually adjusted estimates of fiscal headroom based on arbitrary fiscal rules.

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Dillon Wamsley @dillonwamsley.bsky.social · 20/11/2025

Not mentioned is: 1) how QT and the Bank’s discretionary decision to aggressively downsize its balance sheet amplifies the power of bond vigilantes. This has led to a shifting demand base of gilts toward private and more price-sensitive investors needed to absorb increased supply.

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Dillon Wamsley @dillonwamsley.bsky.social · 20/11/2025

In presenting a story of the Labour gov’t vs. bond vigilantes, it overlooks the amplifying effects (and power) of the Bank of England, and the UK’s macroeconomic regime, in mediating the power of bond vigilantes. www.ft.com/content/5209...

ft.com

The Bank of England is misusing its fiscal powers

Unwinding QE must not be allowed to tie the hands of Government

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Dillon Wamsley @dillonwamsley.bsky.social · 20/11/2025

Good read from @willdunn.bsky.social in @newstatesman1913.bsky.social, especially this on trader views of the (lack of) credibility of the Labour gvm’t: ‘there is no plan, there is no vision, and they’re not going to succeed because they don’t have the talent’ But two things are missing🧵

newstatesman.com

Meet the bond market vigilantes

Governments are now at the mercy of unseen investors

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Daniel Denvir @danieldenvir.bsky.social · 13/11/2025

Pleased to post this new Dig ep w/ my partner in all things @triofrancos.bsky.social on her beautiful book Extraction: The Frontiers of Green Capitalism. We go from Chile to Nevada, from dawn of colonialism to geoeconomic conflict between the US and China—and more www.thedigradio.com/podcast/extr...

thedigradio.com

Extraction w/ Thea Riofrancos

Featuring Thea Riofrancos on Extraction: The Frontiers of Green Capitalism. The green energy transition requires a vast array of inputs: copper, cobalt, rare earth elements, and the focus of this disc...

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BJPIR @bjpir.bsky.social · 13/11/2025

📝 Don't miss this article from the current issue of #BJPIR 'Reframing centre-left neoliberalism: New Keynesian theory, Third Way ideology, and the construction of an elite consensus in the US, Britain, and Australia' by Brent Toye & @dillonwamsley.bsky.social 🔗 buff.ly/62G4GAB

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Martijn Konings @mkonings.bsky.social · 12/11/2025

New piece about MAGA's Fed strategy: newleftreview.org/sidecar/post...

newleftreview.org

Martijn Konings, Fiscal Dominance? — Sidecar

Trump and the Federal Reserve.

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Dillon Wamsley @dillonwamsley.bsky.social · 12/11/2025

Recommended alongside this in @lrb.co.uk: bsky.app/profile/lrb....

podcasts.apple.com

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Dillon Wamsley @dillonwamsley.bsky.social · 12/11/2025

In response to Truss’s challenge to their autonomy, I argue that key institutions realigned as part of a ’Bank-Treasury-OBR’ nexus around a conservative macroeconomic consensus, ultimately playing a key role in Truss’s downfall.

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Dillon Wamsley @dillonwamsley.bsky.social · 12/11/2025

Beyond Truss incompetence and bond vigilantism, the article highlights the Truss moment as a key shift in the UK macroeconomic regime.

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Dillon Wamsley @dillonwamsley.bsky.social · 12/11/2025

It offers a heterodox take on the Truss government, framing the mini-Budget crisis as a moment of intra-elite conflict between Truss’s neoliberal project and depoliticised institutions in the British state.

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David Woodruff @dmwoodruff.bsky.social · 12/11/2025

BoE rolls out new defence of QE-QT, stressing low costs for long-maturity debt in QE decade. But it's drawing arbitrary boundaries: analysis (APF Q3 Rept) fails to note that BoE conditioned QE on HMT accepting gilt issue limits, part of causal chain to catastrophic austerity. on.ft.com/3JY23EM

on.ft.com

Bank of England’s Andrew Bailey says QE will offset its costs in long term

Bank governor responds to investors and politicians after value of its holdings of UK government bonds fell

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Daniela Gabor @danielagabor.bsky.social · 31/10/2025

Labour government preparing to hike income taxes - blaming bond markets. not one adult in the room will say the obvious: 1. Britain's fiscal rules are shambles 2. Bank of England has too much power over fiscal decisions 3. ignore bond vigilantes www.ft.com/content/5c8f...

ft.com

Keir Starmer puts Labour MPs on notice for Budget tax rises

Prime minister declines to rule out higher income taxes as Treasury lays foundations for bigger fiscal buffer

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Dillon Wamsley @dillonwamsley.bsky.social · 30/10/2025

“There are entire ruling class industries on the market side…and committees and subcommittees and consultants on the government side, working hand in hand that take in billions of public dollars to make that opaque… regime of credit allocation function.” thebaffler.com/latest/payin...

thebaffler.com

Paying for It | David I. Backer

Should Zohran Mamdani become the next mayor of New York City, he will be restricted by the municipal bond market.

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Daniel Denvir @danieldenvir.bsky.social · 10/10/2025

New @thedigradio.bsky.social: SECOND of two w @melindacooper.bsky.social on Counterrevolution: Extravagance and Austerity in Public Finance. How asset boom and bust drove MAGA’s rise and also revealed powerful monetary tools that could make socialism—that and more www.thedigradio.com/podcast/from...

thedigradio.com

From Fiscal Austerity to Monetary Abundance w/ Melinda Cooper

Featuring Melinda Cooper on Counterrevolution: Extravagance and Austerity in Public Finance. Balanced budget conservatism and supply side populism engineered a politics of austerity and budget deficit...

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Sheffield Political Economy Research Institute @sperishefuni.bsky.social · 24/09/2025

Does China's party-state capitalist model mean it can fully decarbonise its economy? Our exec producer Chris Saltmarsh joins Remi to discuss his @ripejournal.bsky.social article on the development of the Chinese political economy and implications for tackling the climate crisis 🎧 shorturl.at/xUwW5

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Mark Blyth @mkblyth.bsky.social · 19/09/2025

The Rhodes Center Podcast is back. Me and Leah Downey on her wonderful book Our Money: Monetary Policy as if Democracy Matters. This is part one of two. In part two we discuss what happens when democracy starts to get the upper hand. Coming soon: player.captivate.fm/episode/eb5e...

player.captivate.fm

Independent from who exactly? Central banks and democracy (part 1)

Quickly and easily listen to The Rhodes Center Podcast with Mark Blyth for free!

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Dillon Wamsley @dillonwamsley.bsky.social · 05/09/2025

“What is more, one wonders why something as crucial as borrowing costs to the lives of every citizen should sit beyond a country’s democratic process.” www.ft.com/content/a667...

ft.com

I can take or leave central bank independence, frankly

It makes no difference to growth and policymakers are always in hock to someone

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Jacobin @jacobinmag.bsky.social · 28/08/2025

Historically low levels of inflation and a defeated labor movement made the era of central bank independence possible. But the 2008 crash repoliticized the institution. Donald Trump’s attack on Lisa Cook is a backlash that has been brewing ever since.

jacobin.com

The Long Twilight of Central Bankism

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University of Sheffield Player @unishefplayer.bsky.social · 14/08/2025

🏠 Why is the housing market so broken? Professor Johnna Montgomerie joins Chris Saltmarsh and Dillon Wamsley to explore how housing became a source of debt instead of security, and what it would take to change it. 🔊 Listen: player.sheffield.ac.uk/events/housi... #HousingCrisis

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University of Sheffield Player @unishefplayer.bsky.social · 04/08/2025

Why does austerity keep coming back? In Crisis Point, Clara Mattei joins us to explain how austerity has shaped capitalist societies for over a century. Listen now on The Player: bit.ly/45zUEU8 #Austerity #CrisisPoint #PoliticalEconomy

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University of Sheffield Player @unishefplayer.bsky.social · 29/07/2025

Prof Matthew Watson joins @sperishefuni.bsky.social's podcast to ask: was the Long Depression truly a crisis? From falling profits to class conflict, this period changed how we think about capitalism. Listen now: bit.ly/3H4K4Lw #EconomicHistory #PoliticalEconomy #ThePlayerSheffield

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Dillon Wamsley @dillonwamsley.bsky.social · 26/07/2025

"In the short term, the basic arithmetic of bond markets has deteriorated; more supply coupled with a reduction in both reliable and speculative demand. And that means higher bond yields look probable, forcing governments to pay more to fund their ever-growing deficits." www.ft.com/content/2209...

ft.com

The bond market maths does not add up for governments

Higher yields look probable, forcing countries to pay more to fund their ever-growing deficits

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University of Sheffield Player @unishefplayer.bsky.social · 21/07/2025

What caused the 2008 financial crash? Why does it still matter today? Dr Scott Lavery joins SPERI in Crisis Point to talk about how the crisis reshaped politics, the economy, and our everyday lives - and what might come next. 🎧 Listen here: bit.ly/3UiPw0a

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University of Sheffield Player @unishefplayer.bsky.social · 14/07/2025

What can the 1997 Asian Financial Crisis tell us about capitalism and global crashes? Jomo Kwame Sundaram speaks to Chris Saltmarsh and Dillon Wamsley about the role of the IMF, how it hit Asia, and how it connects to 2008. Listen now on The Player: bit.ly/3TACefp

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Benjamin Braun @benbraun.social · 30/05/2025

We wrote about the US ruling class taking the reins to manage its own decline. What do the Trumpist factions of capital want? Can that be squared with the interests of the MAGA base? Capable state managers could potentially thread the needle, but that's all gone. With @cedricdurand.bsky.social.

phenomenalworld.org

America’s Braudelian Autumn | Benjamin Braun & Cédric Durand

Factions of capital in the second Trump administration

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Dillon Wamsley @dillonwamsley.bsky.social · 17/05/2025

“the debt crisis creates constraints beyond any Caesarist ambition. Either Trump has to make decisions on tariffs that calm bond markets, or, he will have to rely on the Fed’s willingness to activate more QE”https://unherd.com/2025/05/trumps-new-world-disorder/

unherd.com

Trump’s new world disorder

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Dillon Wamsley @dillonwamsley.bsky.social · 04/05/2025

“Thatcher didn’t plan to financialise the British economy; nor did she think she could survive unemployment of more than 10 per cent... By 1990, she’d shown you could do all these things and still win elections. This was the Thatcher transformation.” www.lrb.co.uk/the-paper/v4...

lrb.co.uk

Florence Sutcliffe-Braithwaite · It’s a shitshow: Thatcher’s Failed Experiment

Tim Lankester, Thatcher’s private secretary for economic affairs for the first two and a half years of her tenure,...

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Sheffield Political Economy Research Institute @sperishefuni.bsky.social · 29/04/2025

💭NEW BLOG💭 Chris Saltmarsh and Dillon Wamsley develop Seven Theses on Crisis in capitalism, illuminated by their discussions with experts in their recent 12-part podcast series 📝Read the blog: shorturl.at/sfKqO 🎧Listen to the series: shorturl.at/wxXZJ

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Sheffield Political Economy Research Institute @sperishefuni.bsky.social · 22/04/2025

On 3 April 2025, SPERI hosted a workshop on the British Political Economy Tradition to examine its character, insights and contributions, and celebrate the life's work of Professor Andrew Gamble who recently retired More here: shorturl.at/X9qrX

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Mike McCarthy @itsmccarthy.bsky.social · 15/04/2025

The journal I help edit, Critical Sociology, is running a special issue on Antonio Gramsci’s notion of the “passive revolution.” Here is one of the articles by @grundrza.bsky.social and Paret that considers absorption as a bottom up process. Check it out online first.

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Dillon Wamsley @dillonwamsley.bsky.social · 15/04/2025

Last episode of Crisis Point is out now. We wrap up the series offering a working theory of crisis and covering polycrisis, the novelty of 2008 and its aftermath, climate change, and what political economy can offer to make sense of the present. open.spotify.com/episode/3shV...

open.spotify.com

Crisis Point: A Theory Of Crisis w/ Dillon Wamsley & Chris Saltmarsh

SPERI Presents... · Episode

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Benjamin Braun @benbraun.social · 11/04/2025

Yield on 10y Treasuries back above 4.5%. We're not sure who's selling but we know who the holders are. I wrote a short post with some hopefully helpful dataviz based on TIC and financial accounts. Key points: 1. Foreign holdings as % of total: declining since 2008. benjaminbraun.org/posts/treasu...

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Dillon Wamsley @dillonwamsley.bsky.social · 10/04/2025

Episode #11 of Crisis Point with Jeremy Green (@jbrgreen.bsky.social) is out now. What is the relationship between climate change, capitalism, and modernity? How does it force us to rethink our understanding of crisis?

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Dillon Wamsley @dillonwamsley.bsky.social · 10/04/2025

"Whatever the plan may have been, its extent and its timing were ultimately determined by the movement of capital." on.ft.com/4lp51QD

on.ft.com

Markets 1, Trump 0

Plenty of game left to play, though

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