Author Archives: Yves Smith

Michael Hudson: Neoliberalism, Industrial Capitalism, and the Rise of Debt

Michael Hudson reprises favorite themes, particularly the role of rentiers and debt dynamics, with some new tidbits.

Links 12/29/2023

Because of Israel’s War Against Palestine, There Are No Innocent Ships at Sea

The Houthis raise the ante in their campaign against ships that could be bound for Israel.

India’s Russian Oil Imports Helped Prevent A Global Polycrisis

India makes a bold claim about spillover benefits from having ignored Western sanctions on Russian oil.

Huge Capital Investment Required for U.S. Electric Industry’s Decarbonization

Electric utilities face massive costs to end their use of fossil fuels in power generation. What does that mean for consumers and the public?

Links 12/27/2023

Europe’s Bad China Bluff

A show of Europe’s leaders eyepoking China to try to shift blame for their policy failings.

Links 12/26/2023

Honey Trap for Israelis and Americans in the Red Sea

John Helmer provides new intel on Red Sea machinations of various players in response to Houthi action against sea trade with Israel.

Holiday Schedule, Moderation Holiday (Not So Much), and Moderation Woes

Links 12/23/2023

Being “Pro-American” Today Means Disaster for Latin America, with “Monroe Doctrine” Coming Back

As the US keeps having its military and geopolitical weakness exposed around the world, Latin America is becoming a new focus.

Breaking News: Chinese, Iranian and Indian Warships Are Now in the Red Sea, Gulf of Aden

As the Red Sea has become a new hot spot, more countries are sending warships to prevent mischief…potentially not just from the Houthis.