Author Archives: Yves Smith

NAM 2.0+G77 vs G7+NATO+OECD+WEF

Jomo warns US policies are creating war and depression, pushing developing nations to strengthen democratic institutions of global governance

The Rise of Private Cops: How Not to Tackle Homelessness

Why a story on the abuse of private power, here a security guard beating up the homeless on public property, does not go far enough.

Scientism as a Non-Solution to a Problem that Should Not Exist vs. Science as a Solution to a Problem that Must Be Fixed

KLG continues his investigation of scientism by looking at two canard-infested areas: plastic recycling and industial food production.

Quelle Surprise! High Fee “Alternative Investments” Produce Serious “Negative Alpha” as in Underperformance as Managers Get Rich

In his latest paper, investment expert Richard Ennis continues showing how alternative investments destroy value.

GE, Bayer, Blamed for Child’s Cancer in a Community Awash in PCB Pollution

Is PCB-induded health damage about to become a major litigation front?

Michael Hudson: Debt, Sponsors of the Wars, Future of USD and BRICS

ichael Hudson on topics old and new: the role of debt in rentier extraction and US hegemony, and the prosepcts for the dollar and BRICS.

Links 8/15/2023

How to Fix Monetary Policy in Advanced Countries

The monetary policy of major central banks in advanced economies have had negative consequences and thus need to be fixed.

European Gas Price Spike Highlights Painful Exposure To Global Markets

A strike in Australia could reduce global LNG supplies by 10%. European energy security is not what it used to be.

The West and the War in Ukraine: Selling and Buying Hopium

Despite some press stories and orthodox pundits acknowledging that things are going badly for Ukraine, there is way too much delusion.

“We Need to Raise a Lot More in Tax from the Wealthy but That Does Not Convince Me That We Need a Wealth Tax”

Why a wealth tax is not only no magic bullet, but also not likely to work very well.

Links 8/12/2023

FDA Tries to Pretend It Didn’t Oppose Ivermectin Use for Covid

The FDA attempts to distance itself from its earlier hostility to Ivermectin as a Covid remedy, but too many people have good memories.

The Sahel Tug-of-War: U.S. And Russia Face Off For Influence In Niger

A US propaganda outlet frets over Niger.