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Aaron Bastani

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@AaronBastani

Co-Founder, Novara Media. Dad. Husband. Author of ‘Fully Automated Luxury Communism’. Column at UnHerd. More soon with Verso Books.
South coast, England novara.media/luxcom Joined August 2009
2.1K Following 181K Followers 209K Posts

Latest posts 5

Aaron Bastani Verified account @AaronBastani
I said it at the time, and was derided by a fair few people, but I think Musk buying Twitter was a complete disaster for the American right - probably for their British counterparts too.

Certainly a much stronger argument for that after the mid-terms.
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Aaron Bastani Verified account @AaronBastani
One of the big surprises of the 2020s: autarchy seems to work better than in the recent past. Russia, and Iran, survived sanctions that should have ended them. North Korea is, by any measure, thriving.
Esfandyar Batmanghelidj Verified account @yarbatman 1d
The war and blockade have had a significant negative impact on the Iranian economy, but the impact on economic output has been smaller than most people realize.

After six months of war, the decline in Iran's non-oil economic output was smaller than the impact of the pandemic on US economy activity after the same period.

The decline was also only about *one-seventh* of the contraction seen in Ukrainian economic output within six months of the Russian invasion.

Iran's economy is not on the verge of collapse, it is simply experiencing a deep recession caused by an external shock.

From our latest research note:
bourseandbazaar-substack.org/p/what-is-the-…
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