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Paulo L. dos Santos Profile
Paulo L. dos Santos

@plbds

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Political Economist, often mathematically. Associate Professor of Economics @NSSRnews . Formerly @SOASeconomics . Thinking Marxist. #InformationTheory , #futebol

New York
Joined March 2013
Don't wanna be here? Send us removal request.
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@plbds
Paulo L. dos Santos
7 months
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@SkyNews
Sky News
7 months
BREAKING: Biden reportedly calls Netanyahu derogatory term in private as his frustrations grow with Israel Read more:
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Paulo L. dos Santos
4 months
@paulimeth The poor and battered people of Yemen keep putting the entire world to shame
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@plbds
Paulo L. dos Santos
4 months
Students, faculty, and staff @TheNewSchool have voted for divestment from 13 companies implicated in Israel's offensive in Gaza! The margins in faculty votes at SPE, Parsons, Lang, and NSSR are overwhelming, with support ranging between 80-90 percent.
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Paulo L. dos Santos
7 months
@jeremyscahill Earlier today, the NYT put this at the very top of its website. The article eventually tells you that the "evidence" was provided by the Israelis, and that the NYT has only been able to "corroborate" that one of the accused worked for UNRWA. So, stenography for Shin Bet...
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Paulo L. dos Santos
2 years
The New School is imposing a requirement that all full-time faculty report on their work, stating that it will cut pay and health benefits for those who don't comply Leaving aside the legality of this unilateral change in our contracts, this is straight up strikebreaking (1/3)
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Paulo L. dos Santos
10 months
@ryangrim The Israelis are also blocking the evacuation of Brazilians, in what has been widely understood as retaliation for Brazil’s efforts to broker a ceasefire at the UN Security Council.
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Paulo L. dos Santos
2 years
The New School is now threatening to cut medical insurance payments to any and all employees observing the UAW strike or respecting its picket lines Because nothing says "social progress" like threatening people's access to healthcare--in the middle of an uptick in COVID19 cases
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Paulo L. dos Santos
4 years
I have an economics joke, but it assumes too much.
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@plbds
Paulo L. dos Santos
4 years
Every economist *is* a political economist... it’s just that most economists’ social partisanship is embedded in frameworks that normalize the power, property rights, and privilege of those who have them.
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Paulo L. dos Santos
1 year
Working on some additions to my Advanced Political Economy course. Looks like I may need two courses…
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Paulo L. dos Santos
5 months
If done tens of thousands of times over, it would look like this, Ambassador.
@SaulStaniforth
Saul Staniforth
5 months
Israeli Ambassador to the UK: "Just imagine how things would have looked... this huge missile, think about it falling in the middle of a city like Jerusalem.. look how populated it is. Just think about it hitting neighbourhoods & people & children" Just imagine.
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Paulo L. dos Santos
7 months
@paulimeth We need more of this, pointing to the jarring contrast between domestic paeans to diversity and inclusion and the demonisation and dehumanisation of people overseas.
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Paulo L. dos Santos
7 months
Milton Friedman giving the game away by noting that the ideal immigration system is one that creates a large pool of second-class workers with no rights. He left out the "bonus" that "illegal immigration" can also be used to pit folks at the bottom of society against each other.
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Paulo L. dos Santos
3 years
I couldn't resist #EconTwitter
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Paulo L. dos Santos
4 months
@abierkhatib "changing geography," as if mountains, rivers, and coastlines were shifting....
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Paulo L. dos Santos
9 years
Did #Clinton just compare her 200k-a-pop speeches to Goldman Sachs with #Sanders speaking at the Burlington Farmers Market? #DemTownHall
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Paulo L. dos Santos
2 years
Contemporary economics is an embarrassment
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Paulo L. dos Santos
1 year
@Cao_Li_CHN But can they do this?!
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Paulo L. dos Santos
5 months
NYT, CNN, WaPo, NBC, all referring to Iran's actions as "retaliatory". Somebody is trying to steer public opinion... in the correct direction.
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Paulo L. dos Santos
8 months
@davidrkadler They're all Hamas
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Paulo L. dos Santos
2 years
I hope the School's community understands the kind of classroom this measure tries to create: One led by teachers cowed into acting against their conscience--and the values that ground their research-- by threats to their livelihoods and their families's health. (2/3)
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Paulo L. dos Santos
2 years
That is the opposite of the values on which the New School was founded a little over one hundred years ago. (3/3)
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Paulo L. dos Santos
5 months
This happened to Economics Professor Caroline Fohin. Anybody in @AEAInformation @IAFFE @EEJ_easternecon @urpe and other associations going to say something about this? #EconTwitter
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Paulo L. dos Santos
1 year
"Economists explain how production takes place in the above-mentioned relations, but what they do not explain is how these relations themselves are produced, that is, the historical movement that gave them birth." --Karl Marx, The Poverty of Philosophy
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Paulo L. dos Santos
3 years
The lounge-chair generals need to stop the warmongering. There's no endgame without significant accommodation of Russia. There never was. It's very easy to be ready to fight to the last Ukrainian and last Russian soldier while waiting for your delivery from Whole Foods.
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Paulo L. dos Santos
4 months
NYPD spokesmen suggesting student protests across NYC will be investigated by "anti-terrorism unit". This is an ominous threat against our students and communities.
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Paulo L. dos Santos
3 months
On the political economy of rent-seeking #EconTwitter
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Paulo L. dos Santos
7 months
@criticofpolecon @iamtiredalotig “In speaking of [exchange value of] commodities..., & of the laws which regulate their relative prices, we mean always such commodities only as can be increased in quantity by the exertion of human industry, and on the production of which competition operates without restraint.”
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Paulo L. dos Santos
11 months
“If you are not careful, the newspapers will have you hating the people who are being oppressed, and loving the people who are doing the oppressing.” —Malcolm X
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Paulo L. dos Santos
1 year
Remember kids, when a Dollar tightening cycle destabilises developing economies, the conversation must focus on mismanagement and the need for "sacrifice." When it destabilises US banks, focus on tightening itself, and on saving uninsured, well-connected liability holders.
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Paulo L. dos Santos
2 years
The Brazilian & Argentinian proposal for a regional unit of account for trade & finance is welcome news It’s a proposal NOT for a single currency like the Euro, but for a neo-Keynesian, multilateral solution of the kind @devikadutt & I discuss here: (1/25)
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Paulo L. dos Santos
3 years
This just came in the post. All 870 pages of it. Really looking forward to the read, especially the Rubin pieces.
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Paulo L. dos Santos
3 years
What stage of capitalism is it when this is what passes for visionary genius??
@elonmusk
Elon Musk
3 years
Defeating traffic is the ultimate boss battle. Even the most powerful humans in the world cannot defeat traffic.
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Paulo L. dos Santos
2 years
This has become a parody account
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Paulo L. dos Santos
4 months
One day after faculty and staff bodies across the university joined calls for the New School to divest from 13 companies in overwhelming numbers, this is how the administration responded. At least 30 arrests so far. Of our students.
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Paulo L. dos Santos
9 months
I know that discussions that ultimately go to differences in approaches to abstraction are sometimes difficult. But I still think this is important and useful, analytically and in policy discourse.
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Paulo L. dos Santos
3 years
Is anybody else struck by how much U.S. economic conditions and problems define what is considered "macroeconomics"?
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Paulo L. dos Santos
3 years
Today's contribution to the debate #EconTwitter
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Paulo L. dos Santos
4 months
The New School has moved to suspend all students arrested earlier today. This despite overwhelming faculty and staff calls on the administration not to pursue disciplinary actions stains members of the peaceful encampment.
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Paulo L. dos Santos
3 years
Ok, critical #EconTwitter , How about a list of elements from Classical and towering 20th century contributions that are entirely ignored in the graduate-textbook canon but are indispensable to understanding economic life? I'll start...
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Paulo L. dos Santos
6 years
@ClaraJeffery If I may add something, the misleading label concerning who was surveyed ("women of color political organizers, activists, donors, and party leaders" not black women) is the kind of delusional spinning and tone-deaf political insularity that gave us Trump.
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Paulo L. dos Santos
4 years
@pdacosta @FinchelsteinF Nuremberg Principle IV: “The fact that a person acted pursuant to order of his Government or of a superior does not relieve him from responsibility under international law, provided a moral choice was in fact possible to him.” Killing civilians is a war crime. Pass it on.
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Paulo L. dos Santos
2 years
Nothing is true until a white, American guy says it in terms of a Walrasian framework with utility maximizing individuals (and formal specifications based on heroic assumptions) I propose we call this Mainsplaining.
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Paulo L. dos Santos
4 years
M-C-M’
@PlutoPress
Pluto Press
4 years
Describe capitalism in three words
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Paulo L. dos Santos
11 months
"U.S. can 'certainly' afford military support to both Israel and Ukraine--Janet Yellen" For financing war, there's functional finance and MMT. For everything else, it's fuck you, Ricardian Equivalence, and inflation hawkishness.
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Paulo L. dos Santos
4 years
@ryancbriggs This is absolutely brilliant. You can’t see it in the video, but the economist goes on to claim there was something wrong with the holes...
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Paulo L. dos Santos
3 years
“And then we told them, ‘if you let your exchange rate against the Dollar float freely, you’ll be just fine’. “
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Paulo L. dos Santos
3 years
@NathanTankus Raising interest rates in response to price increases in a setting of general, international supply-chain congestions is very much the ivermectin of monetary policy.
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Paulo L. dos Santos
4 years
@spekulation This is how a police riot turns into a police state.
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@plbds
Paulo L. dos Santos
4 years
@QJEHarvard @deankarlan Now do one where bankers in the U.S. are exposed to proselytizing by a Muslim sect to see if the adoption of Sharia principles improves outcomes for their institutions and systemic stability.... @sanjaygreddy @ingridharvold @DinaPomeranz @cacrisalves
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Paulo L. dos Santos
2 years
To Smith, Ricardo, and Marx, the aim of political economy was to see beyond the most immediate influences over concrete market actions and outcomes, and to grapple instead with their social or class content. This intervention is a welcome reminder of that analytical tradition.
@ojblanchard1
Olivier Blanchard
2 years
1/8. A point which is often lost in discussions of inflation and central bank policy. Inflation is fundamentally the outcome of the distributional conflict, between firms, workers, and taxpayers. It stops only when the various players are forced to accept the outcome.
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Paulo L. dos Santos
4 months
People really should be asking how we end up with a discourse where a senior Senator calling for a nuclear attack on Gaza generates less outrage than 20-year-old college students chanting, "From the River to the Sea".
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Paulo L. dos Santos
1 year
"you say demand and supply regulates value--this, I think, is saying nothing." --David Ricardo, Letter to Matlhus, October 1820
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Paulo L. dos Santos
4 months
@SaulStaniforth Even Orwell could not have anticipated this
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Paulo L. dos Santos
10 months
What you’ve sort of forgotten is that the fire-bombing is Dresden, Berlin, and Tokyo were all war crimes.
@BBCPolitics
BBC Politics
10 months
"When Britain bombed Dresden, 35,000 people lost their lives" Defence Secretary Grant Shapps says "we've sort of forgotten that in war, very sadly, people lose their lives" when asked about the scale of Israel's retaliation strikes on Gaza #BBCLauraK
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Paulo L. dos Santos
10 months
It's a good thing they didn't say "from the river to the sea". THAT would have been really scary.
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Paulo L. dos Santos
11 months
On a lighter note, I can now make public this single page from the neoliberal university management manual.
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Paulo L. dos Santos
1 year
Imagine living in a world where conflict over things like the retirement age looks like this, and thinking we should understand income distribution exclusively in terms of given technologies and factor endowments…
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Paulo L. dos Santos
4 years
@mrmarksteel Plus, nobody stayed home to avoid man-eating lions during the blitz....
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Paulo L. dos Santos
5 years
@MichaelRStrain Division by zero....
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Paulo L. dos Santos
5 years
@HalfAtlanta “If you're not careful, the newspapers will have you hating the people who are being oppressed, and loving the people who are doing the oppressing”
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Paulo L. dos Santos
4 years
@DCM_online @GuilhermeBoulos Ele tb tem R$3.85 no bolso da calça, ou seja, praticamente na cueca.
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Paulo L. dos Santos
7 months
Whoever did this needs to be given a Pulitzer Prize. Or at least The Onion's version.
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Paulo L. dos Santos
2 months
@pronounced_kyle Surely you also leverage key competencies and identify areas of synergistic growth?!!!
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Paulo L. dos Santos
3 years
If a planned economy has trouble w/ knowledge about idiosyncratic wants & productive conditions, a market economy has trouble w/ systemic interdependences in its productive structures & btw demand decisions. The pandemic & climate change will continue to highlight the latter.
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Paulo L. dos Santos
6 months
The first amendment defines freedom from government curbs on speech. You are using your platform as an elected official to admonish a student for her speech. When she rightly complains, you call her an anti-Semite. This is despicable, ignorant, and unbecoming of your office.
@InnaVernikov
Councilwoman Inna Vernikov
6 months
@itslaylas Did you forget that I also have First Amendment rights? Oh you don’t believe in rights for Jews!
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Paulo L. dos Santos
4 months
@AssalRad There is something unsettling about this. It is similar to her response a few months back, when asked about how Arab-American families in Michigan may feel. She answered with a speech about standing with Israel... It's bizarre.
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Paulo L. dos Santos
6 months
My quick sense of what's good, what's bad, and what's ugly in Deaton's "Rethinking Economics" blog for the IMF F&D publication. (1/N)
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Paulo L. dos Santos
3 years
@suboticjelena You are misrepresenting his claims. @jeremyscahill did not claim NATO invaded Serbia. He pointed to four well documented facts—shown in the picture below. If you wish to dispute any of them, it is your right to do so. But don’t claim he is saying something he is not.
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Paulo L. dos Santos
4 years
A discussion earlier today reminded me of this lil’ thing I did a couple of months ago....
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Paulo L. dos Santos
4 months
I am just receiving reports that a campus security team at @TheNewSchool has torn down all posters at the student encampment. The students rightly see this as an escalation. It strikes me as an attack on political speech. Was this action official university policy?
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Paulo L. dos Santos
4 years
@GreggHoush @RebelCapitalist Nuremberg Principle IV: “The fact that a person acted pursuant to order of his Government or of a superior does not relieve him from responsibility under international law, provided a moral choice was in fact possible to him.” Killing civilians is a war crime. Pass it on.
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Paulo L. dos Santos
7 months
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Paulo L. dos Santos
5 years
A disturbing, compelling account of situation in India, including West’s complicity w/ Modi “while Modi was being honored by the Bill & Melinda Gates Foundation for building toilets, two Dalit children... were beaten to death for shitting in the open.”
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Paulo L. dos Santos
1 year
Few things sum up the bankruptcy, aloofness, and dangers of contemporary economic thinking more clearly than the fact that a body of work arguing that a 4C increase in average surface temperatures in our planet is "economically optimal" was awarded a "Nobel" prize.
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Paulo L. dos Santos
5 years
@JamiraBurley @TheWayWithAnoa @ewarren Complaints that those fighting injustice are "too angry" are a form of abusive gaslighting... invariably deployed by those doing the injustice (and their creatures).
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Paulo L. dos Santos
5 years
Never mind the lack of external validity of #RCTs , their ethical problems, or the non-experimental nature of empirical work in #Economics The #NobelPrize2019 went to studies paying researchers $100ks to establish whether spending $3 on poor brown people is too much. #Bankruptcy
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Paulo L. dos Santos
8 years
Lena Dunham, Amy Schumer, et. al. refuse 2C that misogyny among men of color, while hideously prevalent, is no more so than among white men.
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Paulo L. dos Santos
8 years
"Jane Sanders" is "trending" with 20 comments On night Bill Clinton's racist rant on #BlackLivesMatter took prize 4 bad candidate spouse Hmm
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Paulo L. dos Santos
4 years
"To enable people to focus on the work [we] need, society has to recognise the valuable public goods that care labour creates, and reward those performing other essential tasks in line with the social contribution their work makes." #COVID19Pandemic
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Paulo L. dos Santos
5 months
Universities are suspending students engaged in peaceful sit-ins and debates about the genocide in Gaza, in order to justify their forcible removal. This is a misuse of power and an attack on academic freedom. It will also backfire. I expect better from @TheNewSchool
@plbds
Paulo L. dos Santos
5 months
New School students peacefully occupying the university just sent this" "hey y’all! TNS admin claims they’re suspending all students who are in the lobby for our encampment in 30 minutes. we’re making a call: FACULTY PLEASE COME JOIN US IN THE UC LOBBY ASAP! we need support"
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Paulo L. dos Santos
3 years
@GravelInstitute The key way we support them is by being as courageous as they are in opposing the sociopathic warmongers in media and government in our own countries.
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Paulo L. dos Santos
2 years
We learned today that our colleague Lance Taylor passed away last night. He was a towering figure in macroeconomic thought. His legacy goes far beyond his writings. It lives in the exceptional students he trained. And in all of us who had the privilege of learning from him.
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Paulo L. dos Santos
2 years
That's it. Twitter has peaked. It will never top this moment. Its world-historic purpose has been fulfilled.
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Paulo L. dos Santos
4 years
@CNN Nuremberg Principle IV: “The fact that a person acted pursuant to order of his Government or of a superior does not relieve him from responsibility under international law, provided a moral choice was in fact possible to him.” Killing civilians is a war crime. Pass it on.
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Paulo L. dos Santos
4 years
Associate Professor (Tenured).
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Paulo L. dos Santos
6 months
LEFT: Biden, yesterday, saying there may be a cease-fire next week. RIGHT: Palestinian child killed today by Israeli tanks while trying to get food.
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Paulo L. dos Santos
3 years
Good morning, folks. And #HappyThanksgiving
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Paulo L. dos Santos
4 years
@KeeangaYamahtta @RebelCapitalist You are more likely to catch a break from the mob than you are from Wall Street banks.
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Paulo L. dos Santos
4 years
How it started: How it’s going:
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Paulo L. dos Santos
3 years
Let me be clear: capitalism without exploitation isn't capitalism. It's delusion.
@POTUS
President Biden
3 years
Let me be clear: capitalism without competition isn’t capitalism. It’s exploitation.
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Paulo L. dos Santos
10 months
Looking forward to a picture like this, but with Blinken sitting as a defendant in The Hague.
@NathanTankus
Nathan Tankus
10 months
Looking forward to the biography of Blinken that uses this as the cover.
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Paulo L. dos Santos
8 months
I don't think I ever shared my lecture "Towards a Pluralist, Marxist Theorisation of Capitalist Crises," given as part of the @SOASxNSSR Series on Advanced Political Economy. It's worth the watch, if I may say to myself. @NSSRNews @SOASEconomics
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Paulo L. dos Santos
2 years
We are hiring! Both the senior (Associate/Full Professor) and tenure-track junior (Assistant Professor) level. Join and help us shape contemporary political economies that are critical, analytically rigorous, and egalitarian.
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Paulo L. dos Santos
7 months
I also just donated. And, yes, UNRWA is a 501c3 nonprofit organisation and US taxpayers can claim tax deductions for their donations.
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@howserob
Rob Howse
7 months
I just donated to @UNRWA here If you are a US taxpayer, apparently the donation is eligible for tax deduction.
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Paulo L. dos Santos
3 years
If modest sustained gains in wages threaten the stability of the economic system, the problem is not wages. It's the system.
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Paulo L. dos Santos
4 years
@GravelInstitute Nuremberg Principle IV: “The fact that a person acted pursuant to order of his Government or of a superior does not relieve him from responsibility under international law, provided a moral choice was in fact possible to him.” Killing civilians is a war crime. Pass it on.
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Paulo L. dos Santos
11 months
The fact you can populate a histogram like that is just.... just too much to bear.
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Paulo L. dos Santos
4 months
Statement endorsed by the faculty of the New School for Social Research.
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