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The Myth of ‘The Invisible Hand of the Market”

“Only once, in 18th and 19th century Britain, did the transformation of energy to coal, transport to railroads and industry to steam power take place via the market co-ordination of investment, without a push from above.” Financial Times, opinion section, ‘For sustainable finance to work, we will need central planning’ , 11 July 2021

Jabouna Min Sudan/ They Brought Us From Sudan

Violence in the Mashriq

“ I think we need a reconsideration of the whole of the post-1945 period, which is an era in which both authoritarian and semi-democratic governments across the region engaged in massive arms acquisition and then deployed many—in some cases most—of those weapons against their own populations. We usually see this as a process of violent decolonization and then an equally violent postcolonial descent into either authoritarianism or fractured forms of democracy, which is a pattern that of course we can identify elsewhere in the world as well. But actually, when we look through this lens of mass violence, we can see that there are many ways in which this is not a period of decolonization at all. It is a period of  recolonization : a recalibration and a recasting of empire into new shapes, in which superpowers control spaces by combining economic dominance with a deliberate flooding of weaponry in the relevant territory, alongside the careful—and sometimes not so careful—creation of spe...