JW Mason
@jwmason.bsky.social
Associate professor of economics, John Jay College-CUNY, senior fellow at the Groundwork Collaborative. Blog and other writing: jwmason.org. Study economics with me: https://johnjayeconomics.org. Anti-war Keynesian, liberal socialist, Brooklyn dad.
How does that matter for the point under discussion?
November 11, 2025 at 2:39 PM
How does that matter for the point under discussion?
More recently, with the rise of PE and Silicon tech firm founder-owners, we’ve had a shift back toward something more like the 19th century model, a reunification of ownership and control over individual corporations. Benjamin Braun had a nice piece on this recently.
November 11, 2025 at 1:29 PM
More recently, with the rise of PE and Silicon tech firm founder-owners, we’ve had a shift back toward something more like the 19th century model, a reunification of ownership and control over individual corporations. Benjamin Braun had a nice piece on this recently.
Through the middle of the 20th century, we could identify “capitalists” with large corporations and their top executives. But since the shareholder revolution of the 1980s, the active locus of capitalism has shifted to financial asset owners outside the firm.
November 11, 2025 at 1:27 PM
Through the middle of the 20th century, we could identify “capitalists” with large corporations and their top executives. But since the shareholder revolution of the 1980s, the active locus of capitalism has shifted to financial asset owners outside the firm.
Yes, this mutation in the identity of the “capitalist” is the focus of Dumenil and Levy’s Crisis of Neoliberalism (despite the title) and chapter 6 of Doug Henwood’s excellent Wall Street.
November 11, 2025 at 1:25 PM
Yes, this mutation in the identity of the “capitalist” is the focus of Dumenil and Levy’s Crisis of Neoliberalism (despite the title) and chapter 6 of Doug Henwood’s excellent Wall Street.
Like, if your concrete analysis is "um, stocks seem overvalued" (with which I agree!), then why have you forced so many graduate students to work through all those Euler equations?
November 11, 2025 at 4:34 AM
Like, if your concrete analysis is "um, stocks seem overvalued" (with which I agree!), then why have you forced so many graduate students to work through all those Euler equations?
I on the other hand have no prior knowledge of Stålenhag. But I am really digging the show.
November 11, 2025 at 4:06 AM
I on the other hand have no prior knowledge of Stålenhag. But I am really digging the show.
it is still entirely true, I think. much as some Silicon Valley oligarchs might like to imagine otherwise.
November 10, 2025 at 7:46 PM
it is still entirely true, I think. much as some Silicon Valley oligarchs might like to imagine otherwise.
yes an interesting set of issues here for sure
November 10, 2025 at 6:55 PM
yes an interesting set of issues here for sure
I agree with this completely. But I think its ex post popularity reflects the fact that the places that do it are places that already have high density and good transit systems.
November 10, 2025 at 6:55 PM
I agree with this completely. But I think its ex post popularity reflects the fact that the places that do it are places that already have high density and good transit systems.
I have not read any Malm. Is Overshoot the best thing to start with?
November 10, 2025 at 6:52 PM
I have not read any Malm. Is Overshoot the best thing to start with?
They are really two distinct things. That's why capitalists prize independent central banks so much - raising interest rates reduces the value of their assets, but it makes their workers more complaint, and that's what *collectively as a class* they value more.
November 10, 2025 at 6:03 PM
They are really two distinct things. That's why capitalists prize independent central banks so much - raising interest rates reduces the value of their assets, but it makes their workers more complaint, and that's what *collectively as a class* they value more.
I could not disagree more.
November 10, 2025 at 5:53 PM
I could not disagree more.
right, that's what I am suggesting.
November 10, 2025 at 5:51 PM
right, that's what I am suggesting.
I actually don't think that's it.
November 10, 2025 at 5:51 PM
I actually don't think that's it.
I haven't, I should.
November 10, 2025 at 5:50 PM
I haven't, I should.
I'll accept that as a friendly amendment.
November 10, 2025 at 5:40 PM
I'll accept that as a friendly amendment.
Brett and I have ben arguing about this on and off for a while. :-)
November 10, 2025 at 5:20 PM
Brett and I have ben arguing about this on and off for a while. :-)