Scott James
@drscottjames.bsky.social
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& ..
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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&
Political science
38%
Economics
34%
Pinned
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...
doi.org/10.1177/1024...
UK's Reeves does not plan to raise income tax, government source says reut.rs/47Iyz6Y
UK's Reeves does not plan to raise income tax, government source says
British finance minister Rachel Reeves does not plan to raise income tax at her upcoming annual budget on November 26 due to an improved fiscal outlook, a government source said on Friday.
reut.rs
cf Cohen, M. D., March, J. G., & Olsen, J. P. (1972). A Garbage Can Model of Organizational Choice. Administrative Science Quarterly, 17(1), 1–25.
Reposted by James Scott
Reuters
@reuters.com
· 1d
UK's Reeves does not plan to raise income tax, government source says
British finance minister Rachel Reeves does not plan to raise income tax at her upcoming annual budget on November 26 due to an improved fiscal outlook, a government source said on Friday.
reut.rs
UK's Reeves does not plan to raise income tax, government source says reut.rs/47Iyz6Y
Back to the Future: Labour and the Politics of Financial Deregulation
One of the professed aims of the current Labour government in the UK is to boost GDP by ‘cutting red tape’. This also applies to the financial sector, where in recent months regulators have been aske...
onlinelibrary.wiley.com
Highly recommended on Labour’s macroprudential dilemma, from Nick Kotucha
Trump turns crypto pariahs into power players
Trump’s embrace of crypto has extended to overseas digital assets giants once under the gun in Washington.
www.politico.com
‘The only bridge left to cross is Sam Bankman-Fried.’
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
‘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” 📌
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
At least it’s not a pound stablecoin
BoE governor warns ‘alarm bells’ ringing over private credit market
Andrew Bailey draws parallel with practices before 2008 financial crisis
www.ft.com
‘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.’ ⏰
Silicon Valley takes stock of the AI bubble
Plus, Karel Komárek, the man bringing the fight to US gambling giants
www.ft.com
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
Scott James
@drscottjames.bsky.social
· Oct 16
Attempting and failing to reset relations with China now part of the British Political Tradition™
Scott James
@drscottjames.bsky.social
· Oct 15
Treasury seizes the £5bn for a new strategic bitcoin reserve on my 2026 bingo card
Scott James
@drscottjames.bsky.social
· Oct 15
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.
Scott James
@drscottjames.bsky.social
· Oct 15
Agree this is mainly about competition for high net worth individuals
Scott James
@drscottjames.bsky.social
· Oct 15
I’d forgotten about this characteristically punchy Adam Curtis documentary from 1996
www.bbc.co.uk/programmes/p...
www.bbc.co.uk/programmes/p...
Scott James
@drscottjames.bsky.social
· Oct 15
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
A reminder that what might look like a dash for fintech is often just the UK playing catch up with the US and EU
Scott James
@drscottjames.bsky.social
· Oct 15
Just how much of this survives Trump’s departure, AI / crypto winter 2.0, parliamentary arithmetic, and gilt market fragility remains to be seen
Scott James
@drscottjames.bsky.social
· Oct 15
Nigel Farage tells crypto conference ‘I am your champion’
Reform UK leader touts plans to create a state-owned bitcoin reserve
www.ft.com
Less appreciated is just how quickly Trump and Farage have shifted the Overton window on finance and regulation
Scott James
@drscottjames.bsky.social
· Oct 14
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
Old enough to remember varieties of capitalism
Reposted by James Scott, Simon Lester
Abe Newman
@abenewman.bsky.social
· Oct 13
They Helped Topple Roe v. Wade. Now Their Sights Are Set on Britain.
www.nytimes.com
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...
www.nytimes.com/2025/10/13/w...
Scott James
@drscottjames.bsky.social
· Oct 13
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.
Scott James
@drscottjames.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
Looking forward to Basel 666
Michael Derby
@michaelsderby.bsky.social
· Oct 10
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
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
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? 🧐
Scott James
@drscottjames.bsky.social
· Oct 8
PE: ‘Lacks enthusiasm’
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
The Apparatus - peak Thatcherism, shiny and new, novelty soon wore off
The Horse - solid postwar settlement with impending sense of danger
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
Scott James
@drscottjames.bsky.social
· Oct 5
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
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...
www.capitalisnt.com/episodes/why...