Could the Ukraine Conflict Be an Opportunity for the Global South?
Many countries see the Russia challenge to Western economic dominance as an opportunity to rewrite the rules of global trade in their favor.
Read more...Author Archives: Yves Smith
The Destiny of Civilization: An Interview with Michael Hudson on Economic Development, Rentierism, Debt, China
Another tour de force with Michael Hudson, covering development, rentierism, economic narratives, debt dynamics, and the rise of China.
Read more...The Best Climate News You May Not Have Heard About
The Montreal Protocol — designed to save the ozone layer — is also averting other global warming/climate damage.
Read more...Thieves’ Paradise in Kiev — IMF Admits It Doesn’t Know How Much Ukraine Has Received of $35 Billion in Promised Foreign Cash, or Where the Money Was Spent
It isn’t surprising that IMF funds to Ukraine are lost in action. What is surprising is the IMF isn’t pretending to care.
Read more...Has Russia Already Pwnd Ukraine?
What if Russia is the only country that can get Ukraine back on its feet in any reasonable time frame?
Read more...Reader Sanity Check: Erosion of the Skilled Trades?
America is rotting from the top, witness the arrogance and incompetence of our elites. But are we also faling short on skilled workmen?
Read more...Climate Minister: Until People in Developed Nations Start Dying, Nothing Will Change
What level of climate pain will it take to stir advanced countries out of their complacency?
Read more...Michael Hudson: Germany’s Position in America’s New World Order
Why is Germany in thrall to the US, to Germany’s great detriment? A historical analogy provides some insight.
Read more...Links 11/2/2022
After Bolsonaro’s Failures, Why Was Brazil’s Election So Close?
Lula wins by a whisker, but the Bolsonao Christian Right remains a powerful threat.
Read more...Successful Tool Lending Libraries Force Us to Rethink What the Public Is Willing to Share
Tool libraries lend implements and devices and provide guidance to community members who can’t afford to own or store their own tools.
Read more...Stop Worshiping Central Banks
Preoccupied with ‘credibility’ and reputations, central banks are again driving the world into recession, financial turmoil and debt crises.
Read more...Links 11/1/2022
“Nikkei-Owned Financial Times Begins to Crack on Sanctions”
Some serious whinging from Japan about the supposedly new and improved oil and gas sanctions on Russia.
Read more...The U.S. Diesel Shortage Is Worsening
That diesel shortage we warned you about is arriving. So what is likely to happen?
Read more...