Rise of the Superstar Firms: Taking Oligopoly Seriously in Macroeconomics
Quelle surprise! Only now that EU and US officials are up in arms about monopolies are macroeconomics pros taking it seriously.
Read more...Author Archives: Yves Smith
Blockbuster Lawsuit Targets Deutsche Bank Executives and Supervisors for Epic Abuses, Value Destruction
An important suit taking aim at the extensive misconduct of Deutsche Bank executives and board members is grinding its way through court.
Read more...Ins and Outs of Congressional Review Act and Climate Change Rules
The Biden administration could use the Congressional Review Act to reverse Trump rulemaking. But it’s easier said than done.
Read more...How Capitalism’s Dogged Defenders and Propagandists Shield It From Criticism
Richard Wolff takes on pro-capitalism propaganda.
Read more...Central Bank Machinations with No Exit: ECB Leaks New Thingy, It’s Doing Yield Spread Control
Not your grandmother’s “yield curve control.” Only one thing that could force this ECB absurdity to end: a big bout of inflation.
Read more...The CDC’s Mission Impossible
Sadly, the CDC’s new head does not look up to turning around the agency, even before getting to bizarre plans to expand its mission.
Read more...Wikipedia: The Overlooked Monopoly
Low-quality anonymous “editors” combined with a Google tie-up turned an interesting experiment into an overlooked but destructive monopoly.
Read more...The American Rescue Act: Do Whatever It Takes
The economy is likely to be crippled for months and fiscal rescue on a large scale, once again, is very much necessary.
Read more...“They Left Us Starving”: How the Fashion Industry Abandoned Its Workers
Yves here. Many associate sweatshops in Sri Lanka and Bangladesh with “fast fashion,” aka the close-to-disposable frocks made by the likes of H&M. As this article explains, the use of ultra-cheap labor extends much further up the fashion food food chain. And these poorly-paid workers get thrown to the curb when orders fall off. By […]
Read more...Links 1/19/2021
The Pain of Service Crapification
How Covid is extending the reach of crapification.
Read more...Will North Korea Explode After Biden Becomes President?
North Korea is in even more of an economic mess than before. Will that lead to more brinksmanship?
Read more...More Jockeying on Kentucky Pension Case, Mayberry v. KKR
Mayberry v. KKR may finally be getting to the starting line.
Read more...The Merits of Fire Sales and Bailouts in Light of the COVID-19 Pandemic
Fire sales are not as detrimental as executives desperate to save their jobs would have you believe. That means bailouts may be overdone.
Read more...Another Warning About Comments
We are again having to clear our throat about comments.
Read more...