Martijn Konings
@mkonings.bsky.social
Political economist at University of Sydney. Most recent book The Bailout State: Why Governments Rescue Banks, Not People (Polity, 2025). Now working on property and democracy.
Pinned
Martijn Konings
@mkonings.bsky.social
· Jan 11
Very pleased to announce that The Bailout State is now available everywhere. Get a copy and find out why governments rescue banks, not people!
Does this make more sense in your opinion? Same point but doesn’t use the fiscal / monetary terminology
jacobin.com/2025/01/trum...
jacobin.com/2025/01/trum...
November 14, 2025 at 4:51 AM
Does this make more sense in your opinion? Same point but doesn’t use the fiscal / monetary terminology
jacobin.com/2025/01/trum...
jacobin.com/2025/01/trum...
Reposted by Martijn Konings
First review of @amberren.bsky.social & my forthcoming picture book (my debut!), A YEAR OF KITES, is out from Kirkus:
"...A high-flying and illuminating celebration of kites, culture, and connection." ~Kirkus
www.kirkusreviews.com/book-reviews...
"...A high-flying and illuminating celebration of kites, culture, and connection." ~Kirkus
www.kirkusreviews.com/book-reviews...
A YEAR OF KITES | Kirkus Reviews
For almost 3,000 years, humans have flown kites in cultures across the globe.
www.kirkusreviews.com
October 28, 2025 at 8:26 PM
First review of @amberren.bsky.social & my forthcoming picture book (my debut!), A YEAR OF KITES, is out from Kirkus:
"...A high-flying and illuminating celebration of kites, culture, and connection." ~Kirkus
www.kirkusreviews.com/book-reviews...
"...A high-flying and illuminating celebration of kites, culture, and connection." ~Kirkus
www.kirkusreviews.com/book-reviews...
Reposted by Martijn Konings
what if the past 15 years are in some meaningful way organised reaction against Wikipedia
JD Vance: "I'm a Grok guy. I think it's the best. It's also the least woke."
November 14, 2025 at 2:35 AM
what if the past 15 years are in some meaningful way organised reaction against Wikipedia
Still reading, but Fintech Dystopia fintechdystopia.com by @profhilaryallen.bsky.social is very good - cuts through all the noise very effectively. Adorno's perfect beach read.
November 14, 2025 at 1:49 AM
Still reading, but Fintech Dystopia fintechdystopia.com by @profhilaryallen.bsky.social is very good - cuts through all the noise very effectively. Adorno's perfect beach read.
Reposted by Martijn Konings
New piece on MAGA and the Fed
"The long fallout from the financial crisis has led Trump’s movement to the understanding that, to be truly transformative, it will need to control monetary policy ... time is running out for its opposition to learn the same lesson."
newleftreview.org/sidecar/post...
"The long fallout from the financial crisis has led Trump’s movement to the understanding that, to be truly transformative, it will need to control monetary policy ... time is running out for its opposition to learn the same lesson."
newleftreview.org/sidecar/post...
Martijn Konings, Fiscal Dominance? — Sidecar
Trump and the Federal Reserve.
newleftreview.org
November 13, 2025 at 12:58 PM
New piece on MAGA and the Fed
"The long fallout from the financial crisis has led Trump’s movement to the understanding that, to be truly transformative, it will need to control monetary policy ... time is running out for its opposition to learn the same lesson."
newleftreview.org/sidecar/post...
"The long fallout from the financial crisis has led Trump’s movement to the understanding that, to be truly transformative, it will need to control monetary policy ... time is running out for its opposition to learn the same lesson."
newleftreview.org/sidecar/post...
"The strength of the Trumpists, unlike many liberals clinging to the old order, is their partial ability to detect, name, and respond to the contradictions of the neoliberal order."
americanaffairsjournal.org/2025/05/trum...
americanaffairsjournal.org/2025/05/trum...
Trump’s Tariff Gamble and the Decay of the Neoliberal Order - American Affairs Journal
What meaning—if any—can we discern in President Trump’s decisions to impose, and then pause, tariffs on the entire world? And what does this mean for the future of world order? At the time of writing,...
americanaffairsjournal.org
November 13, 2025 at 10:13 PM
"The strength of the Trumpists, unlike many liberals clinging to the old order, is their partial ability to detect, name, and respond to the contradictions of the neoliberal order."
americanaffairsjournal.org/2025/05/trum...
americanaffairsjournal.org/2025/05/trum...
Reposted by Martijn Konings
I'm attending a workshop hosted by @techpolicypress.bsky.social tomorrow. They invited me to write a "provocation" about the state of technology and democracy right now.
I think I wrote something appropriately dark and foreboding.
www.techpolicy.press/the-dance-wi...
I think I wrote something appropriately dark and foreboding.
www.techpolicy.press/the-dance-wi...
The Dance with Big Tech is Different under Trump 2.0 | TechPolicy.Press
If we are going to repair democratic institutions, we are going to have to do it ourselves, writes Dave Karpf.
www.techpolicy.press
November 13, 2025 at 9:09 PM
I'm attending a workshop hosted by @techpolicypress.bsky.social tomorrow. They invited me to write a "provocation" about the state of technology and democracy right now.
I think I wrote something appropriately dark and foreboding.
www.techpolicy.press/the-dance-wi...
I think I wrote something appropriately dark and foreboding.
www.techpolicy.press/the-dance-wi...
Reposted by Martijn Konings
Martijn Konings, Fiscal Dominance? — Sidecar
Trump and the Federal Reserve.
newleftreview.org
November 12, 2025 at 8:38 PM
Reposted by Martijn Konings
Recommended reading and timely, too, as the British Chancellor continues to falsely assume that pandering to financial fractions in the City will result in the investment which is so desperately needed across economy and society
www.cambridge.org/core/journal...
www.cambridge.org/core/journal...
Subordinating ‘alt-finance’: How British venture capital became dependent on the US | Finance and Society | Cambridge Core
Subordinating ‘alt-finance’: How British venture capital became dependent on the US
www.cambridge.org
November 13, 2025 at 12:02 PM
Recommended reading and timely, too, as the British Chancellor continues to falsely assume that pandering to financial fractions in the City will result in the investment which is so desperately needed across economy and society
www.cambridge.org/core/journal...
www.cambridge.org/core/journal...
New piece on MAGA and the Fed
"The long fallout from the financial crisis has led Trump’s movement to the understanding that, to be truly transformative, it will need to control monetary policy ... time is running out for its opposition to learn the same lesson."
newleftreview.org/sidecar/post...
"The long fallout from the financial crisis has led Trump’s movement to the understanding that, to be truly transformative, it will need to control monetary policy ... time is running out for its opposition to learn the same lesson."
newleftreview.org/sidecar/post...
Martijn Konings, Fiscal Dominance? — Sidecar
Trump and the Federal Reserve.
newleftreview.org
November 13, 2025 at 12:58 PM
New piece on MAGA and the Fed
"The long fallout from the financial crisis has led Trump’s movement to the understanding that, to be truly transformative, it will need to control monetary policy ... time is running out for its opposition to learn the same lesson."
newleftreview.org/sidecar/post...
"The long fallout from the financial crisis has led Trump’s movement to the understanding that, to be truly transformative, it will need to control monetary policy ... time is running out for its opposition to learn the same lesson."
newleftreview.org/sidecar/post...
This rephrasing by Tooze ("order" --> "ordering") captures so precisely the critical intellectual climate that is emerging in response to the perceived end of neoliberalism. I am mostly on board and it's a good recipe for writing compelling history, but I can't help but have baby/bathwater concerns.
November 13, 2025 at 4:28 AM
This rephrasing by Tooze ("order" --> "ordering") captures so precisely the critical intellectual climate that is emerging in response to the perceived end of neoliberalism. I am mostly on board and it's a good recipe for writing compelling history, but I can't help but have baby/bathwater concerns.
Even as our minds are exploding, we progressives must stay vigilant and continue cautioning each other about the dangers of conspiratorial thinking.
Epstein advising Bannon about Kavanaugh? have all these awful guys been linked all along
November 13, 2025 at 1:47 AM
Even as our minds are exploding, we progressives must stay vigilant and continue cautioning each other about the dangers of conspiratorial thinking.
I want to be a balanced grown-up person who isn't obsessed with Larry Summers' diseased mind, but how can I achieve that when he pops up in every single sordid story!
November 13, 2025 at 12:47 AM
I want to be a balanced grown-up person who isn't obsessed with Larry Summers' diseased mind, but how can I achieve that when he pops up in every single sordid story!
Reposted by Martijn Konings
This week Open AI walked back a call for the govt to backstop financing for its trillion dollar investments in data centers. This was only the tip of the iceberg; a slow bailout for AI firms is already underway. Read more from @ambakak.bsky.social and I in @wsj.com: www.wsj.com/opinion/you-...
Opinion | You May Already Be Bailing Out the AI Business
Washington is treating the industry as if it’s too big to fail, even as the market sends lukewarm signals.
www.wsj.com
November 12, 2025 at 10:56 PM
This week Open AI walked back a call for the govt to backstop financing for its trillion dollar investments in data centers. This was only the tip of the iceberg; a slow bailout for AI firms is already underway. Read more from @ambakak.bsky.social and I in @wsj.com: www.wsj.com/opinion/you-...
Reposted by Martijn Konings
My new article on everyone’s favourite PM, Liz Truss, is out in New Political Economy 🧵
When neoliberalism meets technocracy: intra-elite conflict and the realignment of Britain’s macroeconomic regime under Liz Truss
This article offers a new account of Liz Truss’s premiership by analysing the political economy of the 2022 mini-Budget crisis. Engaging with literature on depoliticisation, statecraft, and the Cit...
www.tandfonline.com
November 12, 2025 at 9:30 PM
My new article on everyone’s favourite PM, Liz Truss, is out in New Political Economy 🧵
Reposted by Martijn Konings
Today's new @publicenterprise.bsky.social report is a comprehensive analysis of the capital structure of the entire AI sector: data center real estate, GPU markets, private credit, you name it.
It's also a financial risk management framework for policymakers!
publicenterprise.org/report/bubbl...
It's also a financial risk management framework for policymakers!
publicenterprise.org/report/bubbl...
Bubble or Nothing
Policymakers concerned about the deployment of clean energy and compute-focused infrastructure over the long term need a framework for managing the uncertainty in the AI sector's investment landscape—...
publicenterprise.org
November 12, 2025 at 1:34 PM
Today's new @publicenterprise.bsky.social report is a comprehensive analysis of the capital structure of the entire AI sector: data center real estate, GPU markets, private credit, you name it.
It's also a financial risk management framework for policymakers!
publicenterprise.org/report/bubbl...
It's also a financial risk management framework for policymakers!
publicenterprise.org/report/bubbl...
It's good there's nothing more salacious in the news today so that we can really dig into Trump's economic policy impulses!
November 12, 2025 at 8:56 PM
It's good there's nothing more salacious in the news today so that we can really dig into Trump's economic policy impulses!
Martijn Konings, Fiscal Dominance? — Sidecar
Trump and the Federal Reserve.
newleftreview.org
November 12, 2025 at 8:38 PM
Reposted by Martijn Konings
Property investors make up two in every five Australian home loans amid record borrowing
Property investors make up two in every five Australian home loans amid record borrowing
Investor home borrowing surges nearly 18% in the September quarter compared with previous three months, prompting calls to ‘urgently rein in overheated credit market’
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Property investors have borrowed record amounts of money for home purchases amid a decline in first home buyer lending and surging house prices.
Investors accounted for two in every five home loans from July to September, the Australian Bureau of Statistics reported on Wednesday, sparking calls for the Albanese government to force banks to put the brakes on landlord lending. Continue reading...
www.theguardian.com
November 12, 2025 at 5:23 AM
Property investors make up two in every five Australian home loans amid record borrowing
Reposted by Martijn Konings
preparing for neo-feudalism by adopting a medieval peasant mentality
Under-the-weather TikTokers are slicing raw potatoes and placing them in their — and their children’s — socks before bed. The theory is that the potato draws out toxins.
However, experts warn against relying on folk remedies over medical care.
However, experts warn against relying on folk remedies over medical care.
No, putting a potato in your sock will not cure a cold
TikTokers are placing slices of raw potatoes in their — and their children’s socks — overnight to cure illnesses.
www.washingtonpost.com
November 12, 2025 at 3:46 AM
preparing for neo-feudalism by adopting a medieval peasant mentality
Reposted by Martijn Konings
Another repost in memory of Paolo Virno. I did eventually publish a version of this essay in The Production of Subjectivity.
www.unemployednegativity.com/2014/04/abst...
www.unemployednegativity.com/2014/04/abst...
Abstract Materialism: Sohn-Rethel and the Task of a Materialist Philosophy Today
www.unemployednegativity.com
November 11, 2025 at 5:51 PM
Another repost in memory of Paolo Virno. I did eventually publish a version of this essay in The Production of Subjectivity.
www.unemployednegativity.com/2014/04/abst...
www.unemployednegativity.com/2014/04/abst...
Obviously he will promote stablecoin, but citing this as a reason is comical.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Fed’s Miran Says Stablecoins to Put Downward Pressure on Rates
Federal Reserve Governor Stephen Miran said the growth of stablecoins could over time put substantial downward pressure on the neutral interest rate that would neither stimulate nor restrict the econo...
www.bloomberg.com
November 11, 2025 at 12:06 PM
Obviously he will promote stablecoin, but citing this as a reason is comical.
www.bloomberg.com/news/article...
www.bloomberg.com/news/article...
Reposted by Martijn Konings
hey guys isn't it weird how they're all saying this at the same time? ignore the fact that this is now happening with Tyler Cowen, an economist who sits at the center of a sprawling system of think tanks and policy "influencers" who have been laundered into DC with both Koch and SV VC money
November 7, 2025 at 11:29 PM
hey guys isn't it weird how they're all saying this at the same time? ignore the fact that this is now happening with Tyler Cowen, an economist who sits at the center of a sprawling system of think tanks and policy "influencers" who have been laundered into DC with both Koch and SV VC money
"The global system of connection built out in the 1990s has turned the social world into a resource for the oldest form of capitalism, extraction."
thebaffler.com/salvos/the-t...
thebaffler.com/salvos/the-t...
The Texan Ideology | Fred Turner
The Texan Ideology reflects a century-old fusion of the oil industry and millenarian Christianity.
thebaffler.com
November 11, 2025 at 9:09 AM
"The global system of connection built out in the 1990s has turned the social world into a resource for the oldest form of capitalism, extraction."
thebaffler.com/salvos/the-t...
thebaffler.com/salvos/the-t...
Reposted by Martijn Konings
“Offers crucial insights into the practices that shape financial centres... an important book for prompting us to think about what kind of finance we want.”
@karenpylai.bsky.social on 'Future Finance' by @curiousfinance.bsky.social - out now!
#OpenAccess eBook available👇
bit.ly/3Lw7BHa
#FinGeo
@karenpylai.bsky.social on 'Future Finance' by @curiousfinance.bsky.social - out now!
#OpenAccess eBook available👇
bit.ly/3Lw7BHa
#FinGeo
November 11, 2025 at 8:43 AM
“Offers crucial insights into the practices that shape financial centres... an important book for prompting us to think about what kind of finance we want.”
@karenpylai.bsky.social on 'Future Finance' by @curiousfinance.bsky.social - out now!
#OpenAccess eBook available👇
bit.ly/3Lw7BHa
#FinGeo
@karenpylai.bsky.social on 'Future Finance' by @curiousfinance.bsky.social - out now!
#OpenAccess eBook available👇
bit.ly/3Lw7BHa
#FinGeo