Industrial Policy, East or West, for Development or War?
The West has gone from disdaining industrial policy to becoming a true believer.
Read more...Author Archives: Yves Smith
Links 3/20/2024
Private Equity Buying Up Accounting Practices. What Could Go Wrong? The Health Industry Gives Some Ideas
Private equity is setting out to hoover up accounting practices. The sorry experience in health care says there is cause for pause.
Read more...Health Workers Fear It’s Profits Before Protection as CDC Revisits Airborne Transmission
Health industry employee objections have forced the CDC to rethink its weak guidance on aerosol transmission, but experts are not optimistic.
Read more...When It Comes to Fighting Russian Diamonds, the Jewish Diamond Trade and De Beers Are a Busted Flush
Efforts to crush the Russian diamond trade come when the industry is under duress. Why might the comparatively small Russian exports survive?
Read more...Links 3/19/2024
Wealth of US Billionaires Hits $5.5 Trillion—Up 88% Since Pandemic Hit
Even though the rich are predictably getting richer even in the Covid era, the picture is worse when you look at billionaires.
Read more...Experts: Negotiating Big Pharma’s Prices Won’t Stifle Innovation—They Don’t Use the Money to Innovate!
Physician-scientist Fred Ledley and economist William Lazonick debunk Big Pharma arguments against Medicare drug price negotiation
Read more...“We Need a Plan for the Transition to Renewable Energy”
Radical societal transformation is inevitable; a plan for renewable energy could make a difference between catastrophe and progress.
Read more...Links 3/16/2024
What Is China’s Future? Economic Decline, or the Next Industrial Revolution?
China has become economically wobbly of late. What does that portend?
Read more...New Evidence the German Taurus Attack Plan Was Leaked by the US Air Force
Yves here. It’s quite a big claim that members of the US military would leak a recording of German generals scheming to strike Russia with Taurus missiles to Russia. But then again, given that the US blew up the NordStream pipeline, it’s not as if the US regards Germany as anything other that a state […]
Read more...How Effective Is International Aid and Assistance? The Rise of Debt Traps
Special interests and the lack of a unified vision facilitate corruption. Rising debt levels in the developing world suggest a tipping point.
Read more...Young Voters, Victims of Neoliberalism, Pessimistic About the Future, Sour on Politics…As Officials Tell Them to Eat Statistics
A Wall Street Journal article about dispirited young voters reveals more than it intended to.
Read more...Major US Companies Pay Executives More Than Uncle Sam
More evidence, as if you needed it, that corporate executives are very skilled at feathering their nests.
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