Author Archives: Yves Smith
Tilting at Windmills: Bernanke and Blanchard’s Obsession with the Wage-Price Spiral
The obsession of big-name economists with defending a bad model has consequences, here, a policy aim of whacking wages.
Read more...Real Energy Transition Costs Could Spell Danger for EU
The EU is belatedly confronting the costs of their much-touted energy transition. Pols and voters are balking at the bill.
Read more...No Exit: Western Imperialism, Capitalism, and Industrialization
Is industrialization the original sin of both capitalist and Communist/socialist economic systems?
Read more...BRICS Enlargement – a “Non-Event” or a Stage Victory Against the West?
What does BRICS want to be when it grows up?
Read more...The Medicare Maze
Eileen Appelbaum takes a critical look at Medicare Advantage, exposing how it falls short of its cost-saving and quality-enhancing promises.
Read more...Links 4/6/2024
The Duran: US Economic Decline and Rise of Greater Eurasia – Michael Hudson, Alexander Mercouris & Glenn Diesen
Some Naked Capitalism favorite experts, Michael Hudson, Alexander Mercouris, and Glenn Diesen, ponder the implications of the rise of Eurasia.
Read more...Europe’s New Fiscal Rules Harm Working People and Women, Boost Right-Wing Radicals
New EU fiscal rules, touted as creating and economic growth, actually embody a dangerous agenda to shred social safety nets.
Read more...China’s Local Government Financing Vehicles (LGFVs): Ponzi Finance on Steroids
How China’s local government financing vehicles (LGFVs) became China’s most complex economic challenge.
Read more...Ukraine Plan of Crocus City Hall Attack to Start Ethnic Pogroms, Civil War in Russia
An in-depth discussion of the apparent Ukraine/Western plan to use the Crocus City Hall massacre to stoke ethnic hostilities in Russia.
Read more...Climate Engineering Carries Serious National Security Risks − Countries Facing Extreme Heat May Try It Anyway, and the World Needs to be Prepared
Like it or not, climate engineering is coming. What are some of the implications?
Read more...“On a Relative Scale, There’s a Strong Case that Financialization Is Worse in the PRC than the US”
On a relative basis, China is more financialized than the US which is not a pretty picture.
Read more...The Energy Transition: Technology Versus Political Backlash
A look at some of the reasons why the energy transition is running behind schedule.
Read more...A World Without Insurance: A Climate-Future Look at Property Values
Home insurance will become catastrophically expensive and may even vanish in some parts of the US. What happens then?
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