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drscottjames.bsky.social
Scott James
@drscottjames.bsky.social
1.2K followers 380 following 160 posts

Reader in Political Economy, King’s College London
www.kcl.ac.uk/people/dr-scott-james
IPE of finance and tech, monetary politics, City of London
BANK POLITICS (OUP, 2023)
https://global.oup.com/academic/product/bank-politics-9780192898609?cc=gb&lang=en& .. more

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Political science 38%
Economics 34%
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drscottjames.bsky.social
Scott James @drscottjames.bsky.social · Mar 18
New article with Lucia Quaglia on how EU banks and EU regulators engaged in ‘noisy geopolitics’ by leveraging the digital sovereignty agenda to push for tighter controls on (US) bigtechs. Part of a special issue on ‘Transformation of Banking’ in Competition and Change
doi.org/10.1177/1024...

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 15h
‘Presenting its consultation paper on rules for regulating widely used stablecoins, the BoE said it was “considering central bank liquidity arrangements to support systemic stablecoin issuers in times of stress” 📌
Bank of England dilutes planned rules for UK stablecoins
Central bank partly backs down after industry criticism over plan for digital tokens
www.ft.com

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 5d
At least it’s not a pound stablecoin
If an ex-chancellor pumps crypto and no one notices, does it make a noise?
Kwasi be stacking, no one be caring
www.ft.com

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 20d
‘Bailey told the committee that the BoE was considering conducting a “system-wide exploratory scenario” next year to test how the private credit market would manage in a crisis.’ ⏰
BoE governor warns ‘alarm bells’ ringing over private credit market
Andrew Bailey draws parallel with practices before 2008 financial crisis
www.ft.com

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 22d
Whether or not AI is a bubble is less interesting than thinking about the commercial and epistemological interests served by the performative act of framing it as such
Silicon Valley takes stock of the AI bubble
Plus, Karel Komárek, the man bringing the fight to US gambling giants
www.ft.com

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 26d
Attempting and failing to reset relations with China now part of the British Political Tradition™

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 26d
Treasury seizes the £5bn for a new strategic bitcoin reserve on my 2026 bingo card

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 26d
I suspect in part a traditional aversion to allowing the integration of defi with tradfi. But I guess this is also part of the commercial logic behind tokenising real world assets.

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 27d
Agree this is mainly about competition for high net worth individuals

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 27d
🔥

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 27d
I’d forgotten about this characteristically punchy Adam Curtis documentary from 1996
www.bbc.co.uk/programmes/p...

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 27d
A reminder that what might look like a dash for fintech is often just the UK playing catch up with the US and EU
UK moves to allow tokenisation of investment funds
FCA’s proposals would bring Britain into line with fund administration hubs in Ireland and Luxembourg
www.ft.com

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 27d
Just how much of this survives Trump’s departure, AI / crypto winter 2.0, parliamentary arithmetic, and gilt market fragility remains to be seen

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 27d
Less appreciated is just how quickly Trump and Farage have shifted the Overton window on finance and regulation
Nigel Farage tells crypto conference ‘I am your champion’
Reform UK leader touts plans to create a state-owned bitcoin reserve
www.ft.com

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 28d
Old enough to remember varieties of capitalism
JPMorgan backs ‘America First’ push with up to $10bn investment
Chief executive Jamie Dimon says US too dependent on ‘unreliable’ sources of materials ‘essential’ to national security
www.ft.com

Reposted by James Scott, Simon Lester

abenewman.bsky.social
Abe Newman @abenewman.bsky.social · 29d
1/ Who are the globalists? Right wing, Christian group from US seeks to transform UK politics. The latest in a string of transnational moves by the far right to shift the global political debate. Welcome to the nationalist international.
www.nytimes.com/2025/10/13/w...
They Helped Topple Roe v. Wade. Now Their Sights Are Set on Britain.
www.nytimes.com

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · 29d
The Reinhart/Rogoff bargain here is that generational deregulation > crisis > bailouts = the price of credit creation, creative destruction, etc. But it relies on a logic of mean reversion for central bank balance sheets and public debt that we left in 2008. So next time probably will be different.

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · Oct 10
Looking forward to Basel 666
michaelsderby.bsky.social Michael Derby @michaelsderby.bsky.social · Oct 10
Conservative tech lord Thiel said tighter financial regulations “were a sign that a singular world government has begun to emerge that could be taken over by an Antichrist figure who could then use it to exert control over people.” Via WashPost
Inside billionaire Peter Thiel’s private lectures: Warnings of ‘the Antichrist’ and U.S. destruction
In leaked recordings of private lectures by tech billionaire Peter Thiel he argued that “the Antichrist” is likely to take the form of a critic of technology.
www.washingtonpost.com

Reposted by Will Jennings, Scott L. Greer, Paul Davies , and 4 more

michaelsderby.bsky.social
Michael Derby @michaelsderby.bsky.social · Oct 10
Conservative tech lord Thiel said tighter financial regulations “were a sign that a singular world government has begun to emerge that could be taken over by an Antichrist figure who could then use it to exert control over people.” Via WashPost
Inside billionaire Peter Thiel’s private lectures: Warnings of ‘the Antichrist’ and U.S. destruction
In leaked recordings of private lectures by tech billionaire Peter Thiel he argued that “the Antichrist” is likely to take the form of a critic of technology.
www.washingtonpost.com

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · Oct 8
If AGI is possible in the future, wouldn’t it have found a way to manipulate the present to avoid a bubble? 🧐

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · Oct 8
see also SPMG Maths

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · Oct 8
PE: ‘Lacks enthusiasm’

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · Oct 8
British PE equipment as postwar political economy:

The Apparatus - peak Thatcherism, shiny and new, novelty soon wore off

The Horse - solid postwar settlement with impending sense of danger

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · Oct 8
Opposing perspectives on the UK’s macro predicament, but both of which echo postwar left and right narratives about declinism rooted in pathologies of the British state, ie. BOE orthodoxy vs Westminster politics

Reposted by John Hogan

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · Oct 5
Fama: ‘Bitcoin is going to zero within 10 years…or we’ll need to start all over with monetary theory’
www.capitalisnt.com/episodes/why...
Why This Nobel Economist Thinks Bitcoin Is Going to Zero, with Eugene Fama | Capitalisn't
In December 2024, Bitcoin, one of the earliest cryptocurrencies and undoubtedly the most famous, hit $2 trillion in market capitalization, bigger than Tesla, Meta, and Saudi Aramco. In this episode, N...
www.capitalisnt.com

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · Oct 3
‘Treasury officials privately queried the size of the potential windfall…but the OBR does not score asset seizures in its forecasts and crypto assets are not recorded as financial assets for the purpose of fiscal statistics, one Treasury official said.’ 🙁
www.ft.com/content/9b01...
UK seeks to keep £5bn bitcoin haul after money laundering convictions
Complex legal battle over seized assets could run for years
www.ft.com

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · Oct 3
Onto central bank balance sheets presumably
ersquare.bsky.social R @ersquare.bsky.social · Oct 3
Wasn’t the entire point to move risk away from banks? Now we want to move risk away from NBFI too? Where will it go? To NNNBFI (Non-NBFI Non-Bank Financial Institutions)?
financialtimes.com Financial Times @financialtimes.com · Oct 3
Christine Lagarde calls for tougher rules on ‘darker corners’ of finance on.ft.com/3VKr7BF

Reposted by James Scott, John Hogan

ersquare.bsky.social
R @ersquare.bsky.social · Oct 3
Wasn’t the entire point to move risk away from banks? Now we want to move risk away from NBFI too? Where will it go? To NNNBFI (Non-NBFI Non-Bank Financial Institutions)?

drscottjames.bsky.social
Scott James @drscottjames.bsky.social · Oct 3
London calling 🚨
Turbocharging stablecoins 🤝 DeFi-ing the digital pound?
www.bloomberg.com/opinion/news...