Author Archives: Yves Smith

Repairing a Fractured World Economy?

Richard Kozul-Wright describes the current world economic disorder, and discusses possibilities and limits of effective regional responses

Oil Executives Warn G7 Price Cap Could Lead To Stranded Tankers

The more you look at the G7 Russian oil price scheme, the worse it appears.

How Workers and Pro-Union Politicians Team Up for Fair Trade

The US gets out of bed to go after some illegal foreign trade subsidies. Sadly this sort of thing does not happen very often.

Russia Slips Out of Kherson Under Cover of Midterms

Russia says it is pulling out of Kherson city, much to the consternation of Russian Telegrammers. But Ukraine isn’t buying it. What gives?

Government Surveillance at 2022 U.N. Climate Conference

Gambling in Casablanca! Spying in Sharm el-Sheikh, at the COP27 conference! Who’d have thunk it?

U.S. to Announce Plan for Private Companies to Fund International Renewable Energy Transition

Yet more proof that the US is far more inteested in green energy profiteering than doing the hard work to reduce the pace of climate change.

Links 11/9/2022

Debunking the Petrodollar Myth: Pricing Oil in Dollars Is Just a Convention

The term petrodollar has come to have talismanic value. Time to instill some reality.

Limits to Growth: Inconvenient Truth of Our Times

Before the first UN environmental summit, The Limits to Growth showed Earth’s finite resources cannot support ever-growing human consumption.

Links 11/8/2022

Real Progressives Live with Michael Hudson: The Destiny of Civilization

Michael Hudson explains how financial capitalism won the struggle with industrial capitalism and gave rentiers the upper hand.