Zhiyuan Cui

China's Search for a New Political Economy Cui Zhiyuan and China’s Post-Involution Turn

open.substack.com/pub/nilsgilm...

Does the US have Dutch disease? The exorbitant burden of exporting dollars makes it hard for America to govern at home

Brendan Greeley explains that the eagerness of the world to buy US assets creates a kind of "Dutch disease" for US manufacturers and the US economy.

www.ft.com/content/95a7...

WEEK 22 There is an old song, by Doris Day:

Here is WEEK 22: adamprzeworski.substack.com/p/week-22
It will be the last one at least for the foreseeable future.

Amid Trump's calls to remove her as UN special rapporteur on Palestine, Varoufakis, Piketty, Gosh & another 7 economists praise Francesca Albanese's report on the Economics of Genocide - ZETEO - Yanis... Yanis Varoufakis, Thomas Piketty, Nassim Taleb, Jayati Gosh, Michael Hudson,  Giuseppe Mastruzzo, Jomo Kwame Sundaram, Robert H. Wade, Christopher Cramer and Nidhi Srinivas co-sign the open letter bel...

Amid Trump’s calls to remove her as UN special rapporteur on Palestine, Varoufakis, Piketty, Gosh & another 7 economists praise Francesca Albanese’s report on the Economics of Genocide www.yanisvaroufakis.eu/2025/07/08/a...

The giant legacy of Fischer-Tropsch: China’s coal-to-chemicals industry is a huge consumer of coal and threat to environmental balance. Visit Chartbook Top Link to learn more. Link in comment.

In Depth: The Scam That Turned China’s Housing Slump Into a Cash Machine Speculators are exploiting the discrepancy between low actual sale prices and high official valuations

1/3
Very interesting Caixin article on what it describes as "a rampant form of financial arbitrage now sweeping China’s ailing real estate sector."
www.caixinglobal.com/2025-07-10/i...

WEEK 21 The only thematic thought I have this week concerns the budget.

WEEK 21: adamprzeworski.substack.com/p/week-21

The myth of the suppressed Chinese consumer In reality, the country has the fastest household spending growth rate of the 21st century

1/17
I'm all in favor of myth-busting but this article seems to miss the point. To my knowledge, and contrary to Sharma's claim, no one has ever argued that the consumption share of GDP in China is very low because consumption – and household income – has grown slowly.

www.ft.com/content/bf1e...

1/5
According to Xinhua, "sales of household appliances, audio-visual equipment, communication devices, cultural and office supplies and furniture surged by as much as 53 percent year on year in May, contributing 1.9 percentage points to the increase."
english.news.cn/20250616/fe3...

If you want to understand Poland, read Andrzej Szczypiorski, The Beautiful Mrs. Seidenman.

Capitalism & democracy

The capitalism-democracy relationship has been studied from what I call a power structure perspective (top row) & a political economy one (bottom row)👇

A key issue this literature grapples with are the precise conditions under which capitalism & democracy are compatible

WEEK 17 WEEK 17

Here is yet another week: adamprzeworski.substack.com/p/week-17

Politics of energy options in the US is featured in today’s Chartbook Top Link. Click the link in the comment to learn more!

Private equity is increasingly polarizing: Blackstone, the largest private equity group is sticking to a fee-based approach, while Apollo and KKR embrace insurance-powered models.

Mag7 and the DeepSeek shock. Alberta separtism and fossil power. And donning the "fachaleco". Great links, images, and reading from Chartbook Newsletter by Adam Tooze

Check out Chartbook Top Link for more!

WEEK 11 Wednesday, April 23

Here is WEEK 11: adamprzeworski.substack.com/p/week-11 Also appended to the entire Diary: adamprzeworski.substack.com/p/diary

Important research alert 👇

Diary I decided to keep a record of my thoughts as events transpire, a diary.

DIARY with WEEK 8. I also sent it to subscribers as a separate WEEK 8 file. adamprzeworski.substack.com/p/diary

Europe must support the reform of IMF and World Bank in order to move away from the current censitary system and give countries like Brazil, India and South Africa their rightful place.
www.lemonde.fr/blog/piketty...

America's stock market winners. Why China is winning the chip war. Strawberry domination & reading James Burnham. Great links, images, and reading from Chartbook Newsletter by Adam Tooze

Find out more here:

Today’s Chartbook Top Links features Europe’s big three companies- Software, luxuries & weight loss.

Liberation Day! w/ Yanis Varoufakis | Macrodose Get more from Macrodose on Patreon

Should we worry about Trump’s "Liberation Day" tariffs?

This week on THE CURVE, @meadwaj.bsky.social & @graceblakeley.substack.com were joined by @yanisvaroufakis.bsky.social to discuss tariffs, "Military Keynesianism" and wealth taxes

LISTEN NOW 👇

How will Europe, Britain & China react to the Trump shock: On TIMES Radio & Unherd's Undercurrents - Yanis Varoufakis In this interview, I argue that how Trump’s Shock pans out will largely depend on whether Europe and China will act in concert or turn against one another. As for the UK, Trump has given Brexit a majo...

How will Europe, Britain & China react to the Trump shock: On TIMES Radio & Unherd’s Undercurrents www.yanisvaroufakis.eu/2025/04/03/h...

China Needs a Very High Consumption Share of GDP Growth It will require many years of real determination by Beijing to drive the role of consumption to much higher levels if China is to rebalance in a nondisruptive way.

6/9
consumption contributing at least 80-85% of GDP growth if it is to rebalance meaningfully), but it would be astonishing if Chinese consumption in 2025 didn't contribute a lot more to growth than it did in 2024.
carnegieindia.org/posts/2024/0...

Remarkably since 2020 the USA has become a net food importer.

Freedom to be “wrong”: the only real advantage of democracy Why the liberal project will fail

Freedom to be “wrong”: the only real advantage of democracy
Why the liberal project will fail
(written a year ago)
branko2f7.substack.com/p/freedom-to...

The man making a business out of China’s burnout generation Li Jianxiong was a highflying marketing executive in Beijing until a breakdown sent him to the west on a wellness voyage of discovery – just as his peers were losing faith in the Chinese Dream

For @gdnlongread, I wrote about Chinese burnout, and the man who's created a business—modeled of Alcoholics Anonymous—to tackle it, one session at a time. www.theguardian.com/news/ng-inte...

Diary I decided to keep a record of my thoughts as events transpire, a diary.

I am still at it, even if I find it hard to bear. Here is the update through WEEK 7. adamprzeworski.substack.com/p/diary

Diary I decided to keep a record of my thoughts as events transpire, a diary.

Here is an update of the Diary. Scroll to WEEK 5. adamprzeworski.substack.com/p/diary

How European gas demand has plunged since Russia’s attack on Ukraine