Image (of a Jamaat e-Islami campaign rally) and much of the information below is sourced from here and here.
In 2024, the government of Sheikh Hasina, leader of the Awami League, was overthrown in a student-led protest movement which was boosted by US interests. In the interim, Nobel laureate and dyed-in-the-wool neoliberal Muhammad Yunus was made president, and introduced a series of economic and political reforms (e.g. IMF packages and banking sector restructuring) which have sidelined the working class and aligned the country with US financial interests. Regardless of anybody’s personal feelings towards Hasina (who did indeed make many mistakes and caused many deaths), it is now very clear that the reason why Hasina was overthrown was not due to a humanitarian, anti-authoritarian impulse, but because Bangladesh had at least some measure of sovereignty while she was in power, as she accepted Chinese infrastructure investments. Certainly, the US is perfectly comfortable with genocidal dictators if they are allied with US interests.
Last week, the Bangladesh Nationalist Party won over two thirds of parliamentary seats - the Awami League was banned from participating at all, and worker-aligned parties were either disallowed or decided to withdraw from participating due to repression. I haven’t personally been able to nail down what exact economic/foreign policies they want to introduce, but because of what Yunus has set up in the interim, it might not matter that much - the economic stage has been set such that no matter what party took power, they would have to accept a fait accompli. As Vijay Prashad put it, the competition between the parties is reduced to “which faction will administer austerity”?
One of the many upsetting aspects of this election was that the student movement that helped overthrown Hasina have been forced into irrelevance, despite their legitimate grievances. The “Gen Z” protestors, displeased by the prospect of being ruled by the BNP about as much as the Awami League, found themselves with odd bedfellows, and allied with the now-opposition party (the hardline Islamist Jamaat-e-Islami). They are now in a tough bind, lacking much of the necessary left-wing organization to assert a genuine political project.
This is an instructive moment for many people who are desperate for better conditions in countries that are economically struggling, including Iran with its recent protests. If your country has sovereignty from the US, you walk a very dangerous tightrope - how do you organize for better conditions in such a way that it cannot be co-opted by the US to overthrow your government and put something even more terrible in its wake? Shortly after a jubilant revolutionary moment, you are left without influence, power, or even media representation, and now yet further under the repression of Western imperialism. This is one of the many problems that the population of the non-NATO world will need to find ways to overcome.
Last week’s thread is here.
The Imperialism Reading Group is here.
Please check out the RedAtlas!
The bulletins site is here. Currently not used.
The RSS feed is here. Also currently not used.
The Zionist Entity's Genocide of Palestine
Sources on the fighting in Palestine against the temporary Zionist entity. In general, CW for footage of battles, explosions, dead people, and so on:
UNRWA reports on Israel’s destruction and siege of Gaza and the West Bank.
English-language Palestinian Marxist-Leninist twitter account. Alt here.
English-language twitter account that collates news.
Arab-language twitter account with videos and images of fighting.
English-language (with some Arab retweets) Twitter account based in Lebanon. - Telegram is @IbnRiad.
English-language Palestinian Twitter account which reports on news from the Resistance Axis. - Telegram is @EyesOnSouth.
English-language Twitter account in the same group as the previous two. - Telegram here.
Mirrors of Telegram channels that have been erased by Zionist censorship.
Russia-Ukraine Conflict
Examples of Ukrainian Nazis and fascists
Examples of racism/euro-centrism during the Russia-Ukraine conflict
Sources:
Defense Politics Asia’s youtube channel and their map. Their youtube channel has substantially diminished in quality but the map is still useful.
Moon of Alabama, which tends to have interesting analysis. Avoid the comment section.
Understanding War and the Saker: reactionary sources that have occasional insights on the war.
Alexander Mercouris, who does daily videos on the conflict. While he is a reactionary and surrounds himself with likeminded people, his daily update videos are relatively brainworm-free and good if you don’t want to follow Russian telegram channels to get news. He also co-hosts The Duran, which is more explicitly conservative, racist, sexist, transphobic, anti-communist, etc when guests are invited on, but is just about tolerable when it’s just the two of them if you want a little more analysis.
Simplicius, who publishes on Substack. Like others, his political analysis should be soundly ignored, but his knowledge of weaponry and military strategy is generally quite good.
On the ground: Patrick Lancaster, an independent and very good journalist reporting in the warzone on the separatists’ side.
Unedited videos of Russian/Ukrainian press conferences and speeches.
Pro-Russian Telegram Channels:
Again, CW for anti-LGBT and racist, sexist, etc speech, as well as combat footage.
https://t.me/aleksandr_skif ~ DPR’s former Defense Minister and Colonel in the DPR’s forces. Russian language.
https://t.me/Slavyangrad ~ A few different pro-Russian people gather frequent content for this channel (~100 posts per day), some socialist, but all socially reactionary. If you can only tolerate using one Russian telegram channel, I would recommend this one.
https://t.me/s/levigodman ~ Does daily update posts.
https://t.me/patricklancasternewstoday ~ Patrick Lancaster’s telegram channel.
https://t.me/gonzowarr ~ A big Russian commentator.
https://t.me/rybar ~ One of, if not the, biggest Russian telegram channels focussing on the war out there. Actually quite balanced, maybe even pessimistic about Russia. Produces interesting and useful maps.
https://t.me/epoddubny ~ Russian language.
https://t.me/boris_rozhin ~ Russian language.
https://t.me/mod_russia_en ~ Russian Ministry of Defense. Does daily, if rather bland updates on the number of Ukrainians killed, etc. The figures appear to be approximately accurate; if you want, reduce all numbers by 25% as a ‘propaganda tax’, if you don’t believe them. Does not cover everything, for obvious reasons, and virtually never details Russian losses.
https://t.me/UkraineHumanRightsAbuses ~ Pro-Russian, documents abuses that Ukraine commits.
Pro-Ukraine Telegram Channels:
Almost every Western media outlet.
https://discord.gg/projectowl ~ Pro-Ukrainian OSINT Discord.
https://t.me/ice_inii ~ Alleged Ukrainian account with a rather cynical take on the entire thing.
Building Sovereignty from a Tricontinental Political Economy
There’s one part that really piqued my interest, which was this graph:
Mapping Contemporary Dependency
Building on this tradition, I have developed a dual analytical framework built around two indices. The Structural Dependency Index (SDI) measures objective constraints across commercial, technological, financial, productive, network, and distributive dimensions – capturing how contemporary dependency operates through the entire circuit of capital. The State Mediating Capacity (SMC) index measures the institutional resources available to navigate these constraints – from public-sector control over strategic sectors to capital-flow regulation and industrial policy intensity.
The intersection of these two dimensions generates what I call the Dependency Map:
A very good article charting the role of the dependency school and it’s relevance in the current multipolar moment.what the author says about the graph
At one end of this map, we find what I call Non-Hegemonic Autonomy – economies like China, Vietnam, and, to a lesser extent, Malaysia that have managed to subordinate their external relations to internal developmental priorities. What makes their autonomy distinctive is that it does not derive from imperial positioning at the apex of the global hierarchy, but from a deliberate political and institutional strategy: what Amin theorised as the condition for autocentric peripheral development. The hegemonic centres – the United States, Germany, Japan – also display low dependency, but for qualitatively different reasons that reflect imperial extraction rather than developmental achievement.
The most troubling configuration is that of the Subordinate Periphery – economies trapped in high dependency with depleted institutional capacity. Argentina, Chile, Peru, Honduras, Kenya, the Philippines: these are societies where decades of structural adjustment have dismantled the very institutions that might have enabled a different trajectory. The perverse logic here is self-reinforcing – the weaker the state’s developmental capacity, the deeper the dependency, the more difficult it becomes to reconstruct that capacity.
Finally, the most analytically significant – and politically contested – terrain is what I term the Contested Semi-Periphery. India, Brazil, South Africa, Indonesia, Turkey, Nigeria, and arguably Russia occupies this space, where significant state capacity coexists with persistent structural constraints. These economies possess institutional resources that could, under different class configurations, be deployed for genuine developmental transformation. But they remain trapped in contradictory positions: enough capacity to resist full subordination, yet insufficient political articulation to break the structural logic of dependency. It is precisely in this contested zone where the political stakes of the multipolar transition are highest.
I think why I find the graph particularly interesting is because of where it situates Malaysia, under non-hegemonic autonomy, vindicating the historical experiences of the Malaysian people and indeed my own thoughts of where the country stands. This is definitely controversial (as can be seen in some articles I have shared before), but I think what the critiques ultimately point to is not extractivism and dependency of the Malaysian Political Economy per se but the limits of the capitalist mode of production to unlock and enable further sovereignty and dignity for the people.
But a key question still stands: how can a capitalist state under a global capitalist economy exert this much autonomy? This, I argue, will be due to the country’s historical development, the state’s class configuration, and present economic structure.
The positions of various sectors from electronics, O&G, rubber, palm oil, food, construction, steel, pharmaceuticals and automotives (Malaysia being the only country in SEA to have national automotive companies, until the rise of VinFast in Vietnam) showcases not only diversification from commodity-based trade in the colonial-era but intentional pivot to building productive forces and institutional independence. The government’s initiatives on Islamic Financial Capital and Halal Industry is an example of the use of religion to build these alternative structures from the neoliberal consensus, to contested and contradictory results.
Both ideologically and materially - the state, being representative of an postcolonial national bourgeoisie, incubated during the 1950s-1970s developmentalist era, had charted a course of sovereignty. The task of the left now is to protect these gains while pushing the envelope further for socialist transition.
As autonomous-autonomous trade accelerates, protecting sovereignty seems self sustaining (barring military intervention of course). I can’t even imagine how Russia would lose the gains it has made since 2014 unless they were attacked directly or something.
Maybe supplying NATO with S-400’s wasn’t the brightest idea
Text
A As the United States has continued to stage a large scale military buildup in the Middle East, with the apparent goal of preparing for large scale military action against Iran, the possibly of U.S. security partners playing roles in hostilities has remained high. Leaders across the Western Bloc, and particularly in Europe, have expressed clear support for the goal of topping the Iranian state, while the United Kingdom has deployed forces including fighter aircraft to the Middle East which are poised to provide support. While regional states such as Jordan have taken part in Western-led operations against Iran in the past, the much larger scale and greater intensity of a possible new phase of hostilities has raised the possibility of much greater participation from Western-aligned regional actors, with Turkey in particular poised to play a major role.
While Turkey has played a primary role in the wider U.S. campaign against Iran through sustained attacks and support for jihadist paramilitary forces against Iran’s primary security partner Syria, resulting in the state’s collapse in December 2024 after close to 14 years of hostilities, it has also played a wider role beyond providing basing rights for U.S. and other Western forces. Following an Israeli attack on Iran in June 13, the Turkish Kurecik Radar Station in the country’s Malatya province played an important role in supporting Israeli missile defence efforts to block Iran’s retaliatory ballistic missile attacks. Iranian state media outlet Press TV cited officials stating on this basis that Turkey was “spying on Iran for Zionist interests.” The AN/TPY-2 radar systems at the facility in question were installed U.S. military personnel in the early 2010s, allowing it to open it 2012.
The Turkish government confirmed that radar data from the Kurecik base is shared with the other NATO members, and was “established in line with Turkey’s national security and interests and is intended to ensure the protection of the NATO allies,” meaning data could be used to protect U.S. and other Western forces at bases across the Middle East, including U.S. Armed Forces units in Israel. Beyond the AN/TPY-2 system, however, Turkey has also operationalised one of the most potent missile defence systems in the Middle East, the Russian S-400, which appears poised to play a key role in possible hostilities. Turkish officials’ arguments regarding the need to procure the S-400 have specifically cited the requirement for an advanced missile defence capability against Iran, with the system’s sensor suite is also capable of providing early warning and targeting data from far beyond Turkey’s borders.
The S-400’s 91N6E “Big Bird” 3D long-range surveillance & target acquisition radar provides the a panoramic surveillance capability for wide-area airspace scanning and target tracking, with a range of up to 600 kilometres, allowing it to ‘peer’ deep into Iran. The system can track hundreds of targets simultaneously, and operates in multiple bands with electronic protection/jamming resistance. This is complemented by the 96L6, an additional 3D acquisition radar covering a wide altitude range, which is optimised for detecting low-flying targets such as unmanned aircraft and cruise missiles, filling gaps in coverage from the main radar. These radar systems can provide invaluable early warning against Iranian missile strikes, potentially allowing U.S. and Israeli aircraft to launch precision strikes on the locations of Iranian missile launches at much earlier stages, while cueing Western and Israeli missile defence assets across the region.
The possibly of the S-400 system being utilised in roles beyond missile early warning remains significant in the event of a high intensity conflict, with Turkey’s treaty alliance with the United States and longstanding strategic partnership with Israel meaning it may be relied on for support. The S-400’s 40N6 missiles have demonstrated the capability to intercept hypersonic ballistic targets at speeds of up to Mach 8, and at ranges of up to 400 kilometres, which is a capability unmatched by Western and Israeli systems. This could be used to intercept Iranian ballistic missiles to protect U.S. and other allied facilities. The support the Untied States has been able to draw on from a wide range of regional security partners to achieve its strategic goals, where Iran after the toppling of the Syrian state has remained isolated, has placed Washington in a highly advantageous position to pursue its war effort, with Turkey’s role having been particularly central. With Russia having provided Turkey with full autonomy in utilising the S-400, which was customised to be able to integrate with NATO-standard networks, the system is poised to play a major role in broader allied missile defence efforts in the region.
Honestly such an odd strategic decision by Russia to sell Turkey the S-400.
Yes they are a wavering US ally but they’re still a US ally.
Russia, stop arming your enemies you dumb fucks.
I really don’t think so. This just seems like an article to hype up the S-400. Also this:
The S-400’s 40N6 missiles have demonstrated the capability to intercept hypersonic ballistic targets at speeds of up to Mach 8, and at ranges of up to 400 kilometres, which is a capability unmatched by Western and Israeli systems. This could be used to intercept Iranian ballistic missiles to protect U.S. and other allied facilities.
Is just straight up incorrect. The 40N6 is similar to the USA’s SM-6 in role and function, so the US has a similar missile, for decades of you include it’s precursor SM-2 ER. Also it’s not intercepting ballistic missiles 400km away from the launcher, that’s the maximum range against an aerodynamic target. Against a ballistic target, your maximum range is defined by your altitude ceiling and control authority at high altitudes due to the nature of a ballistic trajectory. Wikipedia says that the 40N6 has an altitude ceiling of 30km. So it’s maximum range against ballistic targets is not going to be much better than that, if it has control authority at such a high altitude where the air is very thin. The 9M96 series of interceptors would be a better choice for terminal ballistic defence on the S-400, they have a rocket powered altitude control system of laterally placed mini thrusters in the missile itself, similar to Patriot PAC-3. That allows for a high degree of control authority at high altitude independent of aerodynamic control surfaces.
Also the Big Bird radar, for anti ballistic defence, has a targeting range of
For a ballistic target (speed of 4800 m/s and a RCS of 0.4 square metres): 200 km (120 mi).
And a search range of up to 600km against an unknown target.
According to online sources. The AN/TPY-2 can see a lot further than that, 2000+km search range, and it can be used as a fire control radar for the THAAD system, which can target much lower RCS ballistic threats with the Talon interceptors at a much further distance than the S-400s 9M96 series of interceptors or it’s 40N6 interceptors.
Russia, stop arming your enemies you dumb fucks.
It is funny looking back now how a few minor overtures were enough to convince Putin that Erdogan was his new best friend. Sure Turkey is the lapdog with the longest leash, but its still a lapdog.
[Poland’s] President calls for Poland to seek nuclear deterrent
Text
President Karol Nawrocki has called for Poland to seek a nuclear deterrent, saying that it is necessary in the face of an “aggressive, imperial Russia”.
Speaking on Sunday to Polsat News, Nawrocki was asked about German Chancellor Friedrich Merz’s comments at the ongoing Munich Security Conference, where he revealed that he has “begun confidential talks with the French President [Emmanuel Macron] on European nuclear deterrence”.
“I’m a huge advocate of Poland joining a nuclear project,” responded Nawrocki, saying that it would help “build Poland’s security”.
Pressed as to whether this should mean so-called “nuclear sharing” with other allies or Poland developing its own programme, Nawrocki said only that “the path to Polish nuclear potential, while respecting all international regulations, is the path we should take”.
“We need to start acting in this direction so that we can begin work,” continued the president. “We are a country right on the border of an armed conflict [in Ukraine]. It is clear what the aggressive, imperial Russia’s attitude toward Poland is.”
Asked whether he was concerned about the Russian response to Poland seeking a nuclear deterrent, Nawrocki said that “Russia can react aggressively to anything” and that it is important for Poles “to feel safe”.
https://www.theguardian.com/culture/2026/feb/16/british-museum-removes-word-palestine british museum removing the word palestine from some exhibits. erasure
I don’t know anything about the museum, but there’s this guy who posted soon after:
I’ve just been chatting with Nick Cullinan, the excellent new director of the British Museum, and I’m very relieved to say that the story put by the Daily Telegraph about the BM cancelling the name Palestine is a complete misrepresentation of the facts:
“To reassure you we are not removing mention from Palestine from our labels,” Nick told me. "Indeed, we have a display on at the moment about Palestine and Gaza.
"I know this is something our curators have thought long and hard about - as you can imagine. We amended two panels in our ancient Levant gallery last year during a regular gallery refresh, when some wording was amended to reflect historical terms.
“To be honest, the even more frustrating and concerning thing is that I knew nothing about this until yesterday and has only been explained to me this morning. I hadn’t even seen that [UK Lawyers for Israel] letter despite asking for it until this morning. I’m disgusted by the whole thing.”
The question remains why the Daily Telegraph would put out such a mischief-making story without first fact checking it with the Directors office.
A statement from the British Museum regarding the use of the term Palestine in displays.
A British Museum spokesperson said:
‘It has been reported that the British Museum has removed the term Palestine from displays. It is simply not true. We continue to use Palestine across a series of galleries, both contemporary and historic.’
“It also has the compounding effect of erasing the kingdoms of Israel and of Judea, which emerged from around 1,000BC, and of reframing the origins of the Israelites and Jewish people as erroneously stemming from Palestine.”
Th earliest recorded use of “Palestine” goes back to 1,150BC.
The Egyptians called it that (“Peleset”) and in 500BC Herotodus was called it “Palaistinê”.
If anything it’s remarkable how stable the usage of the name has been across history.
I am shocked that the British Museum, of all institutions, would support genocidal colonialism. I am sure the Israeli government will soon demand the return of artefacts the British looted from Israeli settlers.
Gao Peiyong: boosting consumption requires profound redistribution reform
Gao Peiyong is an Academician (学部委员) of the Chinese Academy of Social Sciences (CASS), a title reserved for the highest echelon of its scholars, and previously served as a Vice President of the government-run CASS, meaning he is at the Vice Minister level in the Chinese hierarchy.
Speaking at Peking University on 17 January 2026, he offered a blunt diagnosis of China’s weak-demand problem: Beijing has pushed hard on stimulus, but households remain cautious because job prospects, income growth, and expectations feel uncertain. The real levers, in his view, are distribution reform, a fuller shift towards public finance, and a modern, universal social security and transfer-payment system.
Text of speech
Distinguished guests, teachers, and students:
Hello everyone. The title of my remarks today is “Boosting Consumption: The Key Is to Activate the Endogenous Momentum of Household Consumption.”
Boosting consumption, also described as expanding or stimulating consumption, is not a new topic. But at this particular moment, as the 15th Five-Year Plan period begins, the task looks different in one important respect: policy efforts to boost consumption should focus more directly on strengthening households’ endogenous willingness and capacity to consume. That is the core point that needs to be made clear.
I. Facing squarely four new challenges
The Annual Central Economic Work Conference has put forward the concepts of long-standing and new challenges. In the case of boosting consumption, what are the new challenges behind this familiar agenda?
The first is the challenge to keep economic growth within a reasonable range during the 15th Five-Year Plan period. The 20th National Congress of the Communist Party of China set the goal of basically achieving socialist modernisation by 2035. With only ten years remaining until 2035, the 15th Five-Year Plan period is a critical phase for laying the groundwork and scaling up efforts.
The Fourth Plenary Session of the 20th Central Committee of the Communist Party of China further proposed that the 15th Five-Year Plan period should deliver decisive progress towards basically achieving socialist modernisation. This is not merely a qualitative aspiration; it also comes with firm quantitative requirements. One key benchmark is that per capita GDP should reach the level of moderately developed countries. Using 2025 figures, the entry threshold is roughly US$25,000 to US$26,000. China’s per capita GDP in 2024 was US$13,500. In other words, per capita GDP would need to roughly double over the next ten years to meet that benchmark.
This implies that China’s development agenda has entered a “countdown” phase. Any discussion of boosting consumption must therefore start from a clear premise: over the next decade, growth needs to be kept within a reasonable range.
The second challenge is: What will drive and sustain growth within a reasonable range? A broad consensus has now formed that consumption is both the primary engine of economic growth and a stabilising anchor. Put plainly, keeping growth within a reasonable range depends mainly on domestic demand—and, within domestic demand, first and foremost on consumption. Any discussion of boosting consumption has to engage with this proposition directly.
The third challenge is that, within the realm of domestic demand, the most prominent constraint at present is weak consumption. The Central Economic Work Conference noted that “the contradiction of strong domestic supply and weak domestic demand is acute.” The clearest expression of “weak demand” is, precisely, sluggish consumption.
The 2025 trajectory of growth in total retail sales of consumer goods illustrates this clearly. Growth reached 6.4% in May 2025, then fell steadily, dropping to 1.3% by November. December data have not yet been released, but the trend points to a level around 1%, or slightly above. [In December, the total retail sales of consumer goods in China rose by 0.9% year on year. The data was released on 20 January, three days after Gao’s speech. —Yuxuan’s note]
2025 was the year in which China’s fiscal and monetary policies were mobilised most intensively to support consumption, with the associated policy costs likely reaching historical highs. When the relationship between policy inputs and outcomes is taken into account, weak consumption necessarily emerges as the central issue. If the objective is to expand domestic demand, the priority must be to overcome this weakness in consumption.
The fourth challenge is that today’s shortfall in consumption demand has distinctive features of its own. Taking total retail sales of consumer goods as the core indicator, insufficient consumption can be divided into four scenarios: volume and prices rising together; volume and prices falling together; volume rising while prices fall; and volume falling while prices rise. The weakness in consumption demand in 2025 falls squarely into the third category—volume rising while prices fall.
Data released by the Ministry of Culture and Tourism on 21 October 2025 can serve as supporting evidence. In the first three quarters of 2025, domestic residents made 4.988 billion trips, an increase of 18% year on year, while total tourism spending reached RMB 4.88 trillion, up 11.5%. These headline figures appear robust, but the gap of 6.5 percentage points between the two growth rates is telling. Average spending per trip actually declined, from RMB 1,024 in 2024 to RMB 970.
II. Telling four “new stories” well
The domestic travel data cited above show a distinctive pattern in current domestic consumption: volume is rising, while prices are falling. This suggests that China’s economy has new stories to tell, and that consumption, as part of the broader economic picture, also has new stories. The basic logic behind these new developments needs to be explained clearly and made widely understood.
The first “new story” concerns insufficient consumption demand under the intertwined dynamics of rising volume and falling prices. When discussing total retail sales of consumer goods, the scale of consumption, and related indicators, it is essential to separate the “volume” and “price” components. In essence, consumption is volume times price. At present, the main source of consumption weakness lies mainly in falling prices, and these price declines are not the result of changes in market supply-and-demand relations.
The second “new story” is to look beyond the surface and identify what sits behind insufficient consumption demand—namely, expectations and confidence. The tourism market provides a clear example: the core reason per-capita spending has fallen is not shifting supply-and-demand conditions, but weaker market expectations and subdued consumer confidence. What looks like weak demand on the surface is, at its root, weaker expectations; what appears to be insufficient consumption is, in substance, insufficient confidence.
The Government Work Report delivered at the 2025 National People’s Congress identifies one particularly prominent contradiction: “Sluggish domestic demand was compounded by weak public expectations .” Linking weak domestic demand with weak expectations in discussing the prominent challenges facing China’s economic performance is something that warrants special attention.
The third “new story” that needs to be told well is the relationship between pressures on employment and income, weaker expectations, and insufficient demand.
What has led to weaker market expectations and a lack of confidence across society? The draft proposals on the 15th Five-Year Plan issued by the Fourth Plenary Session of the 20th CPC Central Committee explicitly note that current economic performance faces the challenge of “considerable pressure weighing on employment and personal income growth” The Central Economic Work Conference contains similar language.
It is precisely these pressures on employment and income growth that have weakened households’ expectations about future job prospects and income growth, thereby suppressing current consumption demand.
The fourth “new story” is the need to view consumption through three dimensions: demand, supply, and expectations. The Annual Central Economic Work Conference in 2021 made an important judgment with a historic turning-point significance: “China’s economic development is facing pressure from demand contraction, supply shocks and weakening expectations.”
Re-reading this statement at today’s historical juncture, it is more than a list of problems and contradictions. More importantly, it provides a framework for understanding them. Whether the task is to discuss consumption or to assess the broader economic situation, the approach must differ from the past: demand, supply, and expectations need to be examined together, as part of an integrated analysis.
III. Reaffirming four basic common understandings
In exploring how to boost consumption amid profound changes in the economic landscape, several points basic to economic reasoning need to be reaffirmed and kept firmly in view.
First, consumption is a function of income and wealth accumulation. Changes in the pattern of income and wealth accumulation shape the direction of households’ expectations and confidence. When pressures on employment and income alter expectations and lead to insufficient consumption, efforts to boost consumption must start with improving the underlying pattern of income formation and wealth accumulation.
Text continues
Second, building on past development achievements, accelerate a comprehensive shift towards public finance. Beyond regular fiscal revenues, deficit financing has become a major source of additional funds. Over the past two years, more than RMB 10 trillion has been raised through fiscal deficits and the issuance of government bonds. As consumption increasingly serves as both the main engine of growth and a stabilising anchor, it is necessary to consider directing this deficit financing primarily towards people’s livelihoods.
Since the concept of public finance was put forward in 1998, [when the National Fiscal Work Conference, for the first time, put forward the goal of establishing China’s basic framework for a public finance system. —Translators’ note] the structure of fiscal expenditure has been continuously adjusted. How to optimise the expenditure structure and increase investment in public services and people’s livelihood remains a major task.
Since the launch of reform and opening up, China’s fiscal system has gradually evolved from one centred on state ownership towards one accommodating multiple forms of ownership. The next step is to further expand its coverage. Second, fiscal policy needs to move towards equal treatment, shifting from a predominantly urban-based fiscal framework to an integrated urban–rural system. Third, fiscal expenditure should return to its public nature, with a stronger emphasis on public service–oriented finance.
Third, speed up efforts to address shortcomings and weak links in the allocation of basic public services. For example, the coverage of social security and transfer payments remains selective rather than universal; the benefits they provide vary in generosity rather than being uniform. Another long-standing issue is that fiscal spending has been directed heavily toward investment in physical assets, while investment in human capital has been relatively neglected. As a result, the redistributive function of basic public services remains insufficiently strong, and the goal of equalisation is still some distance away.
Fourth, establish a modern social security and transfer payment system. Gradually eliminate urban–rural and status-based differences, and achieve full coverage and non-discriminatory provision of social security and transfer payments, so that the benefits of public finance are shared by all members of society.
Fifth, incorporate expectations management as an important component of macroeconomic governance. In the face of profound changes in the economic landscape, expectations management must be incorporated into the macroeconomic governance system. Three areas of work are required: first, bringing expectations factors into the macroeconomic analytical framework; second, bringing expectations factors into the setting of macroeconomic policy objectives; third, bringing reform innovation into the operational toolkit of macroeconomic management.
Strengthening the expectations management mechanism has already been placed on the national reform agenda for macroeconomic governance. The Central Economic Work Conference has closely linked it with boosting public confidence, and stabilising public confidence is a crucial foundation for stabilising the economy.
On the basis of these reforms, and with the goal of basically realising socialist modernisation by 2035, there remain many research questions to address and many tasks that require steady, sustained effort. These will form an important part of the policy agenda from 2026 onwards.
Thank you, everyone!
Very small news (source)
Starting today, British and Canadian passport holders can enter china visa free (at last), until the 31st dec
That leaves Moldova, Czechia, Lithuania and Ukraine as the only European countries still needing a visa
Fascinating. I hadn’t thought about Yunus in years and hadn’t been following Bangladesh at all.
Ya, fascinating summary. I kind of lost track of that movement after the whole Gen Z protest thing. Of course Western media sources don’t usually talk about what happens after the revolution (see Libya, Syria, Afghanistan, etc) unless it leads to hatred of the US (see Iran, North Korea, Vietnam, etc).
Absolutely, though even if there was more thorough media coverage I’m not sure I could keep up with it. A little while back I decided to focus more of my attention on Latam after deep diving the Mideast for years. Ask me about anything east of India and I’m even more clueless.
A Musk fanboy in person was going on a weird rant about how Elon Musk offered to end world hunger but the governments of the world refused to give stats. Any clue what this is about because I had no idea what he was trying to say.
https://www.cnn.com/2021/11/18/tech/elon-musk-world-hunger-wfp-donation/
Elon offered to donate $6billion to end hunger, the UN built a plan to fight world hunger for $6billion, Elon pretended it never happened.
NOT NEWS

Someone posted an article (albeit old) so I think this one hits the spirit of the news mega at least
Oh I vaguely remember something like this I think it was years ago, he said he would end world hunger if someone gave him a way to do it and then humanitarian orgs did and he just never did anything. Just Musk doing Musk shit where he runs his mouth
Sounds about right
Elon Musk to each government: “Give me all the data on your poor: politics, criminal and medical history, everything. I will use it to erase poverty I swear.”
China’s YLC-8B Radar Transfer to Iran Signals Strategic Shift That Could Undermine US and Israeli Stealth Dominance Across Middle East
China’s reported transfer of its YLC-8B strategic three-dimensional radar systems to Iran marks one of the most consequential shifts in Middle Eastern air defense dynamics in decades, potentially undermining long-standing assumptions that U.S. and Israeli stealth aircraft can operate with relative impunity over Iranian territory. Defense analysts describe the YLC-8B as among the most capable long-range, low-frequency radars in the world, with one warning that it is “one of the few radars of its type globally which can continuously detect and track a Western fifth-generation aircraft at long range,” a capability that could fundamentally reshape regional airpower calculations.
Emerging intelligence claims suggest that China has delivered multiple YLC-8B systems to Iran, each reportedly capable of detecting aerial targets at distances of up to 700 kilometers. If confirmed, the deployment would represent a strategic recalibration of Iran’s air defense architecture, directly challenging the stealth-centric strike doctrines that have underpinned U.S. and Israeli military planning for decades. These doctrines rely heavily on the ability of low-observable platforms—such as the F-35 Lightning II and the B-2 Spirit—to penetrate defended airspace during the opening phases of a conflict, degrade command-and-control networks, and neutralize key targets before defenders can react.
Is this news legit? If so, how significant is it.
Even if it is legit, cutting edge radars alone mean nothing. The problem with air defence is that it’s not just a case of buying a smattering of sophisticated systems and you’re immunized.
Air defence is all or nothing. You need the sophisticated radars, sophisticated and varied air defence missiles, sophisticated interceptor jets - not to mention your educated, experienced, top personnel stationed in dedicated command centers, and the intelligence/counter intelligence to give them space to work.
Unsure of the legitimacy of the news, and I don’t think we’ll get any evidence either way anytime soon. Anyone that actually knows the truth, if they told you, they’d end up in jail. But it could definitely be true. However unless China has given Iran access to a whole integrated air defence network and space assets, in other words China’s whole system of area/access denial (which would likely involve sending over Chinese troops and aircraft, like the Soviets did various times during the cold war, in North Korea, Vietnam, Egypt, etc), I don’t think Iran getting a few UHF band ground based early warning/“anti stealth” radars or even a few advanced air defence systems like the HQ-9 is going to move the needle much. Maybe it will help Iran detect an incoming attack better, detect incoming air launched ballistic missiles from Israeli aircraft and give them time to mobilise. Venezuela had that (Some Chinese anti stealth radars and a few advanced Russian air defence systems), and it didn’t work out. The days of sending over a limited force like this to deter limited US action are over. I know many won’t like hearing that, but it’s my honest opinion. I feel that I owe everyone honesty.
The modern battlefield is not 1v1 duels between a plane and a radar/emitter, or a single air defence system. This misconception is a fundamental misunderstanding this article, and line of thought makes. Any US airstike package is that, a package of distributed sensors, aircraft and effects from space based satellites designed to detect any radar emissions, to the strike aircraft themselves, to stealthy reconnaissance drones, decoys, etc (you can probably add high power microwave weapons to the mix after Venezuela, Trump calls it the “discombobulator”). A mosaic of a whole bunch of different stuff coming together. As a counter to this, some soft of “handshake” or “handoff” or “passing over” a radar track from a VHF/UHF anti stealth radar, to an X band fire control radar, to firing a missile, an guiding it to a target is not a credible anti stealth “kill chain”/capability, in fact it’s quite a fragile one with weaknesses that the US will target. We saw this (targeting kill chain weaknesses) in Venezuela when the US destroyed the Buk/SA-17 air defence systems’ command post, likely to prevent any communication between the SA-17 systems and potentially between the SA-17 and S-300VM/SA-23. Breaking the kill chain. Essentially making sure that this couldn’t happen:

I think that if any hot engagement happens between the U.S, China or Russia I think it will happen in space and it will be satellite warfare or counter-measures. All three nations have unmarked, “spy” satellites both used for intelligence and likely has one or more of the publicly disclosed anti-satellite ICBMs all three of those nations have. I think all satellites, both civilian and military, going down would make it really hard to continue any form of war without a period of adjustment; even if it is only weeks. Are people going to push the big red button over space junk?
Once satellites go down I think drones are what is on the table for recon, coordination and radar. Makes me wonder if that is one of the many reasons all three nations push for heavy spending of such. Would be a very different life afterwards for everyone.
Is “stealth is dead” the new “the tank is dead?”
Much worse because at least we’ve seen 1000s of tanks being destroyed in Ukraine.
We’ve had a total of one stealth aircraft being shot down since their inception.
Do tou thin the earlier warning for such an attack might enable an earlier retaliatory strike?
Say the US launches a stealth craft, Iran detects one in its airspace, could it ready batteries to fire on a carrier in such a case?
If this news is legit then Iran will have tracking ability for F35s. China already proved the capability of this radar to detect F35s and B2 bombers when they intercepted them in the Taiwan strait.
Afghan government spokesman Zabihullah Mujahid shared his thoughts regarding Washington’s aggressive moves against Iran:
“First of all, we do not support wars and conflicts. But … last time a strike was carried out on Iran, the result was the Iranian victory. And I think it will be the same this time. Because Iran has strength. Iran is right and has the right to self-defense,” Mujahid told Radio Iran broadcaster.
Afghanistan is ready to express solidarity and cooperation with the Iranian people in case of military difficulties and if a corresponding request is received, Mujahid added.
Son of Colombia congresswoman who supports Trump ends up detained by ICE - ColombiaInforma
In the past, the Supreme Court investigated Vergara for allegedly receiving bribes from percentages of local contracts, when he served as a councilman in Cartagena, to favor a candidate for the local mayoralty. The congresswoman, along with her party, has opposed the Financing Law and the social reforms promoted by Gustavo Petro’s government.
She has also sided with the U.S. government in diplomatic conflicts with the Colombian president. Vergara is part of the pro-life caucus, where he has promoted positions that, according to his critics, have fostered discrimination against the beliefs of indigenous peoples. The congresswoman defended Charlie Kirk, a far-right American activist who died under strange circumstances last year.
Article
Ángela María Vergara, a member of the Conservative Party who has supported President Donald Trump and opposed social reforms in Colombia, reported that her 22-year-old son has been detained by Immigration and Customs Enforcement (ICE) in the United States for 17 days.
“There are no guarantees in absolutely anything.”
In a video, Vergara asked for help to free his son, Rafael Alfonso Vergara, who was detained by immigration agents in Louisiana while working for a freight transport company.
“One would think that the prison system in the United States is different, but from what I am experiencing firsthand, there are absolutely no guarantees,” the representative stated.
According to his testimony, the officers handcuffed his son, confiscated his belongings, and transferred him to the River Correctional Center detention center in Louisiana. In a three-minute phone call, the young man denounced the harsh and inhumane conditions he faces, which have caused him emotional distress.
The path of voluntary departure
Given the situation, the family suggested a voluntary departure as the only way to regain their freedom. This process can take more than 45 days to be finalized. The congresswoman requested that diplomatic channels be activated to expedite repatriation flights and that the hundreds of cases of Colombians in similar circumstances be monitored.
Currently, thousands of families face immense anguish due to the lack of information about the whereabouts of their detained loved ones. Furthermore, once they accept deportation, they must wait for humanitarian flights and pay for their own return tickets.
Former President Andrés Pastrana, known for being a friend of Epstein, meet with Ángela María Vergara.
The political career of Ángela Vergara
In the past, the Supreme Court investigated Vergara for allegedly receiving bribes from percentages of local contracts, when he served as a councilman in Cartagena, to favor a candidate for the local mayoralty.
The congresswoman, along with her party, has opposed the Financing Law and the social reforms promoted by Gustavo Petro’s government. She has also sided with the U.S. government in diplomatic conflicts with the Colombian president.
Vergara is part of the pro-life caucus, where he has promoted positions that, according to his critics, have fostered discrimination against the beliefs of indigenous peoples.
The congresswoman defended Charlie Kirk, a far-right American activist who died under strange circumstances last year.
Figures on immigration persecution
According to data from the ICE Deportation Data Project, between January 20, 2025—when Trump assumed his second term—and October 15 of that year, federal agents arrested 6,814 Colombians. This figure represents a 46% increase compared to the same period in 2024, when 3,161 arrests were recorded.
This means that, on average, during the first ten months of the Trump administration, about 25 Colombians were taken into immigration custody every day. Of these, 264 were minors.
Only 1,201 Colombians detained had a criminal conviction. That is, 82% of those arrested by ICE had no criminal record.
Government silence and repatriations
So far, Congresswoman Vergara has received expressions of solidarity from various political parties, including the governing party. However, there has been no official statement from the Executive branch regarding her specific case. The only announcement made was the arrival of the latest repatriation flight from the United States, carrying 112 Colombians, who were received with care and inter-institutional support.
jajajajajaja
US Military buildup against Iran update: AWACS/Airborne Early Warning and Control (AEW&C) aircraft are on the move towards the Middle East, presumably. An E-3G (mislabeled E-3C) and an E-3B Sentry AWACS aircraft are on the way to RAF Mildenhall in the UK, form Elmendorf Air Force Base, Alaska, USA. Presumably they will move to somewhere in the Middle East, or Greece, later on. Elmendorf is also home to a large contingent of F-22 Raptor air superiority aircraft, though there is no evidence of any F-22 movements at this time.

The S-band (2-4GHz) AN/APY-1/2(V) PESA radar on the E-3 Sentry can detect fighter sized targets out to 400km (limited by the radar horizon), and over 556km beyond the radar horizon, and has received upgrades in detecting low radar cross section targets. The E-2D Advanced Hawkeye aircraft onboard the USS Abraham Lincoln aircraft carrier, with their UHF (0.3–3.0 GHz) AN/APY-9 AESA radars can also provide AEW&C.
Currently, China, Russia, South Africa, Uruguay, Iran, Brazil, Mexico, Belarus, the African Union, and Vietnam have openly supported Cuba diplomatically. Nicaragua unexpectedly canceled its visa waiver agreement with Cuba, without explaining whether it did so to prevent Cubans from traveling there or whether the United States pressured it to do so.
Canada, which in the past had pursued a more independent policy toward Cuba, said and did nothing, apart from expressing annoyance that its tourists were forced to return home earlier than planned and blaming “the Cuban authorities, who refused to refuel Canadian planes.” Mexico is the only nation to have sent any form of aid to Cuba since this crisis started.
Indonesia prepares to deploy 1,000 troops to Gaza for Trump’s ‘stabilization force’
they will be tasked with fulfilling a non-combatant, humanitarian mandate that will only be carried out with the consent of the Palestinian Authority (PA).

“Indonesian troops will not be involved in combat operations or any action leading to direct confrontation with any armed group,” the statement said.
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The Indonesian president also said he will seek to negotiate the board’s reported $ 1 billion membership fee.

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Jakarta’s participation in Trump’s ‘Board of Peace’ potentially contradicts Indonesia’s constitution, which explicitly rejects all forms of colonialism and emphasizes international justice.
Indonesia’s constitution, which explicitly rejects all forms of colonialism
I guess they forgot about that part when colonizing West Papua

Or their invasion and genocide in East Timor.
Genocide for me but not for thee
“and also for thee” in this instance
Article
U.S. arbitrary measures hinder the Bolivarian nation’s development. During an interview with U.S. broadcaster NBC News in Caracas, Venezuela’s Acting President Delcy Rodriguez stated that her country needs to be free of sanctions in order to hold elections and develop its energy potential.
“Holding free and fair elections in Venezuela also means having a free country where justice can be exercised. A country free of sanctions,” she said, emphasizing how U.S. sanctions hinder the growth of the Bolivarian nation as an energy power and as a sovereign people.
Her remarks come amid what Venezuelan authorities describe as the kidnapping of President Nicolas Maduro, who has been held illegally by the U.S. in a maximum-security prison in New York since Jan. 3, 2025.
Rodriguez’s statements echo those of Maduro, who since 2020 has repeatedly said Venezuela seeks “elections free of sanctions, of blockades, of aggression” and of “economic war.”
In November 2022, during a press conference with international media, President Maduro announced that the Bolivarian government would resume comprehensive dialogue with all sectors of the opposition to ensure elections are held in a scenario free of sanctions.
During that appearance, the Venezuelan president underscored that electoral transparency and justice depend directly on compliance with political agreements and the end of what he described as economic siege against the nation.
In July 2023, Maduro again emphasized that Venezuela wants “elections free of sanctions, of blockades, of aggression, and of economic war.” He once more demanded that the U.S. government lift all such measures “without any conditions.”
“We want elections free of sanctions, of blockades, of aggression, of economic war. Lift all the so-called sanctions. The North American empire must lift all sanctions, without any conditions whatsoever, and we will move forward,” President Maduro said.
With what she described as a firm commitment to defending Venezuela’s independence, Rodriguez reiterated that the path toward political normalization requires the total elimination of what she called “so-called sanctions,” allowing the exercise of suffrage to be a sovereign expression of the people’s will in defense of justice and national dignity.
Nicolas Maduro Is the Legitimate President of Venezuela
Asked about leadership in the country, Rodriguez stressed that Maduro remains the legitimate president and that she is serving as acting president with daily and rigorous effort.
She reaffirmed her legitimacy at the head of the executive branch, explaining that she assumed leadership following constitutional order after the kidnapping of President Maduro and first lady Cilia Flores.
The Venezuelan acting president pointed out that her country’s institutional stability has allowed progress in high-level meetings, such as a recent meeting with U.S. Energy Secretary Chris Wright to evaluate projects of mutual benefit.
An Invitation to Visit the United States
On Wednesday, Rodriguez met with Wright to evaluate an energy agenda beneficial to both nations within the framework of historic bilateral relations.
The acting president stressed that, through peace diplomacy, both countries can overcome their differences. She also mentioned receiving an invitation to travel to the United States, a possibility currently under consideration.
“We are considering going there once we establish this cooperation and can move forward with everything,” Rodriguez said, leaving the door open to future rapprochement.
Jan. 3, 2026, is already considered a key date in contemporary Latin American history. On that day, the U.S. government attacked a sovereign nation, kidnapped President Maduro and lawmaker Flores, leaving hundreds dead and widespread destruction.
Venezuelan society is still processing the U.S. aggression. Citizens are seeking explanations for the uncertainties affecting the political and economic landscape: what is the relationship between the two spheres, and which of them — or both — account for circumstances shaking daily life.
In recent days, amid the situation, Acting president Rodriguez reiterated that peaceful coexistence is the path toward the country’s economic and social peace. She underscored the importance of full public participation in all national initiatives.
She said the goal for 2026 is to consolidate grassroots power and indicated that authorities will seek to support communities in organizing so that economic growth translates into social well-being for workers. She reiterated that Venezuela is advancing in national cohesion and rebuilding bridges with other countries through working agendas aimed at benefiting the people.




















