Trade, Debt and Financialisation :
What does it have to do with the food on your plate?
https://www.csm4cfs.org/trade-debt-and-financialisation-what-does-it-have-to-do-with-the-food-on-your-plate
#Food #Trade #Debt #Financialisation
#FoodSovereignty #FoodSovereigntyNOW #RightToFood #PeasantsRights #UNDROP
Day 15 cont #Labor 
“A re-elected #Albanese government would allow all Australian first home buyers to purchase with a 5 per cent deposit, avoiding lenders mortgage insurance, in an expansion of an existing scheme.
The government will also commit $10 billion to build 100,000 new #homes exclusively for #FirstHomeBuyers, and will introduce a $1,000 instant #TaxDeduction from 2026-27
Last minute policy. Details? Cant we address the existing problems?
#AusPol / #LaborParty / #housing / #HousingCrisis / #Financialisation / #NegativeGearing
<https://www.abc.net.au/news/2025-04-12/election-2025-labor-five-per-cent-deposits-first-homebuyers/105169984>
Day 15 cont #LNP
“#Coalition Leader #PeterDutton has announced a plan to allow first-time buyers of newly built homes to be able to deduct interest payments on up to $650,000 of their #mortgage from their income taxes.
The #policy would mean a family on average incomes would be around $11,000 a year better off — or $55,000 over five years”
Last minute policy. Details? More deductions from the government instead of fixing the existing problems.
#AusPol / #Liberal / #coalition / #housing / #HousingCrisis / #Financialisation / #NegativeGearing <https://www.abc.net.au/news/2025-04-13/coalition-first-home-buyers-mortgage-taxes/105170766>
Day 15 cont
“I want to help #YoungPeople and #FirstHomeBuyers achieve the dream of #HomeOwnership,” — #AnthonyAlbanese said.
#PeterDutton (#LNP / #Liberal) has announced a $10bn tax cut measure, which would give #Australians who earn up to $144,000 relief of up to $1,200 in the upcoming financial year.”
What a load of horse
. Where is the strategy to industrialise the housing Industry to drive down costs and increase quality? <https://www.youtube.com/watchv=36I6jCrWTvQ>
Does #Labor want people to #buy or #rent? Where is this discussion? If not where is the plan to rollback (middle class #welfare) house investment & #NegativeGearing? Where is the talk of #EducationalDebt? Free TAFE for Tradies won’t solve these problems.
Dream on Labor.
Libs, $1200 dollars 
#AusPol / #Labor / #LaborParty / #housing / #HousingCrisis / #Financialisation / #NegativeGearing <https://theguardian.com/australia-news/2025/apr/12/albanese-to-pledge-10bn-to-help-build-100000-homes-for-first-time-buyers>
#YanisVaroufakis: "Many refer to this world — the one in which #GenX grew up — as the #neoliberal era, others associate it with #globalisation, some identify it with #financialisation. It’s all the same thing — the world the #NixonShock begat and which the 2008 financial crash shook to its foundations. After the 2009 bailouts, although US hegemony continued unabated, it lost much of its dynamism. Today, the Nixon Shock has run out of steam — at least from the perspective of the Trumpists who want to give #UShegemony a second (or is it a third?) wind. This is the whole point of the #TrumpShock and its masterplan, including tactical moves such as enlisting #crypto to their cause."
https://unherd.com/2025/04/will-liberation-day-transform-the-world/
OPEC, Petrodollars, and the 1980s Homeless Crisis (2017)
...What assets do, if those holding them have any say in the matter, is appreciate. After all, why not? You've already got the thing, all you need is for it to increase in value. One classic mechanism for which is to constrain the supply. And there are lots of ways to do that with housing: big lots, big houses, construction and zoning laws, lousy infrastructure (crime, schools, transportation). So that the limited supply that is attractive keeps getting bid up. That's one of the big changes. And it was happening like gangbusters in the 1970s and 1980s especially, and since.
At the same time, a bunch of the upward-mobility-escalator stuff starts disappearing. Especially factory jobs, that let high-school (or less!) educated people, and especially males, earn a solid, high-income, and really fucking reliable income....
A thinking-out-loud piece I'd written back on G+ (hence the IA link), on how homelessness kicked off bigtimes in the US in the late 1970s / early 1980s, perhaps as housing became financialised due to A Combination Of Many Things.
Stumbled across this looking for other things (as one does) and thought it might be of interest to others.
HN discussion: https://news.ycombinator.com/item?id=43294222
Another aspect of debt,
considered as an information technology,
is that if affects the information environment of the borrower.
If you are managing a company which has borrowed money,
making your payments becomes one of the survival conditions for that company.
At low levels of debt, generating short term cash flow is one priority among others,
but for a highly indebted company it becomes a signal which swamps all others.
You might want to change the world, but if you don’t meet the coupon payments, you’ll never get the chance to see if your other strategic priorities would have worked.
Consequently, a company with lots of debt cannot help but have a bias toward the short term.
Which might be considered problematic,
as the last few decades in the Western capitalist world have seen the rise of an industry
(leveraged buyouts, or “private equity”)
which has made it part of its fundamental operating strategy to load companies up with debt.
Considered in this light, debt is a technology of control as well as of information
– it’s a means of exerting discipline on management teams who might otherwise be tempted to follow priorities other than short-term financial returns.
This is, as far as I can tell, the real meaning behind the populist critiques of “#financialisation” in the economy.
There’s really nothing particularly bad about the growth of the financial sector,
even to the extent that it’s outstripped the growth of the “real” economy.
Quite simple mathematics ought to be enough to convince us that as the economy grows,
the number of links and relationships between producers, consumers and investors will grow at a faster rate,
and so you’d expect the parts of the economy in which decision making and information processing take place to grow faster than the “real” economy.
It’s the same logic by which the brains of primates take up proportionally more energy than those of rodents;
finance is part of the real economy, just like the cerebellum is a real organ.
What’s bad about “financialisation” is neither more nor less than the over-use of debt.
Modern corporations do often behave badly,
and they make systematically worse decisions than they used to,
this isn’t a delusion of age.
They do this partly because they have outsourced key functions
(cutting themselves off from important sources of information),
and partly because their priorities are warped by the need to generate short term cash flow.
Both of these problems can in large part be traced back to the private equity industry,
working either as a direct driver of excess leverage,
or as a constant threat which makes managers behave as if they were already subject to its discipline.
#Management #science and #cybernetic #history is all about things which began as solutions, 
then turned into problems because the world changed.
Once upon a time, back in the 1970s,
private equity and LBOs were the solution to a problem of lazy, sclerotic incumbent management teams,
self-dealing and failing to make tough decisions.
But it’s now the 2020s, and private equity may itself be the biggest problem in our global information processing system.
The way that corporate history progresses is that we try to keep up with the ever-increasing complexity of the world, 
and then when this is no longer possible, we have a crisis and reorganise.
We’ve had the crisis
– or perhaps we are still going through it
– and now it’s time to think about how to reorganise.
(3/3)
Green growth theory posits that we can decouple growth of the real economy - the one that provides goods and services that can lift our standard of living - from growth of energy use, pollution etc. I don't if that's true. But as I pointed out yesterday, financialisation has been pretty good at...
> Decoupling on-paper economic growth from anything that actually lift's our standard or living
So who knows?
A new Boston Consulting report on #infrastructure costs has found that while UK build costs for infrastructure are around the same as the US, they are well above comparable projects in #Europe (but interestingly less expensive than #Australia).
Is there something about the #business model (or type of #capitalism) in these three countries that makes such project more expensive than in Europe?
Three terms come to mind:
#financialisation
#rentiercapitalism, &
#neoliberalism (not a term I like)
@dangillmor When looking at the US health system (or should I say “health crisis”) I really fear that I see the future of our situation in Germany if we do not stop the #commodification and #financialisation of German health institutions.
Doctoral students + junior researchers: Join us for the IRS Spring Academy „Spaces of #Financialisation & De-Financialisation“ in May in #Berlin: you’ll learn from the best
️ & have plenty networking opportunities.
No tuition fees charged. Applications close on Feb 28! #IRSSprA
https://leibniz-irs.de/aktuelles/veranstaltungen/2023/05/irs-spring-academy-2023
Meet Manuel B. Aalbers - key speaker at #IRSSprA, who has published extensively on #financialisation, the #privatisation of social housing & gentrification.
He is professor at #KU_Leuven 
.
We are looking forward to your application! Due on Feb 28th!
https://leibniz-irs.de/aktuelles/veranstaltungen/2023/05/irs-spring-academy-2023
Listen up: Applications are now open for the IRS Spring Academy „Spaces of #Financialisation and De-Financialisation“ in May in Berlin - with a fantastic line up with Desiree Fields from #BerkleyUniversity, @AndrejHolm, Manuel Aalbers from #KULeuven, Sabine Dörry from #LISERinLUX & many #IRSLerIn|nen!
Our partner Georg Simmel Center at #HUBerlin & we can’t wait to welcome you!
Follow us for news on the topic and the programme 
#IRSSprA
https://leibniz-irs.de/aktuelles/veranstaltungen/2023/05/irs-spring-academy-2023
@juglugs Is there an article-length account of the whole crypto thing from a Marxist point of view?
#crypto #currencies #money #financialisation #financialization #histmat
Professor Marcus Taylor's (Queen's University, Canada) lecture is now available on our youtube channel:
What’s smart about climate-smart agriculture? Case studies and transformative proposals from rural India
https://www.youtube.com/watch?v=R4bfVYzxXV4
#digitalagriculture #resilience #financialisation #ClimateAdaptation #smartagriculture #digitalisation
#productivity
TOMORROW!!!
Sign up for our HRD Research Seminar Series (online) on December 7th, 15.00 (GMT)
Professor Marcus Taylor (Queen's University, Canada): What’s smart about climate-smart agriculture? Case studies and transformative proposals from rural India
https://www.bathspa.ac.uk/news-and-events/events/hrd-climate-smart-agriculture-in-rural-india/index.php
#digitalagriculture #resilience #financialisation #ClimateAdaptation #smartagriculture #digitalisation
JOIN OUR TEAM!
The Leverhulme Trust-funded project #DigitalClimateFutures: a #decolonial & #justice perspective on #ClimateAdaptation is hiring a
New Senior Research Associate
With @GioBettini @SianSullivan and myself
Deadline 13/12.
Please share!
https://hr-jobs.lancs.ac.uk/Vacancy.aspx?ref=1358-22
#financialisation of #nature #decoloniality #ClimateAdaptation #cognitivejustice #climatejustice #Adaptation #climateservices #digitalagriculture #digitalisation
Join us for our HRD Research Seminar Series (online) on December 7th, 15.00 (GMT)
Professor Marcus Taylor (Queen's University, Canada)
What’s smart about climate-smart agriculture? Case studies and transformative proposals from rural India
Since the early 2010s, numerous international organisations have argued that a fundamental transformation of the global food system is long overdue. To better achieve key social and environmental outcomes, the argument runs, governments, NGOs and farmers themselves need to embrace the tools of climate-smart agriculture: that is, techniques that achieve the ‘triple win’ of greater productivity, enhanced resilience and lowered emissions. While this sounds good in theory, what does climate-smart agriculture mean in practice?
BOOK HERE: https://www.bathspa.ac.uk/news-and-events/events/hrd-climate-smart-agriculture-in-rural-india/
#Introductions
Me: Professor of #Economicgeography @Uni Bayreuth
Editor @ #Antipode
New open access book "Farming as Financial Asset": https://www.agendapub.com/pdfs/chapters/9781788211871_bk.pdf
#agendapublishing
#columbiauniversitypress
Living website: http://institutionallandscapes.org
#financialization
#inequality
#globalvaluechains
#globalcommoditychains
#agrarianchange
#land
#politicaleconomy
#politicalecology
#laborgeography
#assetization
#assetisation
#financialisation
#Africaneconomicfutures
#digitalcapitalism
#geography
♬ 
