More Giveaways to Capitalist Finance? It’s High Time To Change the Objective
Jan Kregel explains the fundamental problem with the economic system is its focus on providing finance to investors.
Read more...Author Archives: Yves Smith
The Effect of International Scrutiny on Manufacturing Workers: Evidence from the Rana Plaza Collapse in Bangladesh
Why an analysis that argues that post-Rana Plaza interventions hurt workers in the long run looks shoddy.
Read more...Delayed Second Stimulus Already Leading to Cuts in Grocery Store Spending
Hunger is on the rise. Grocery store operators see weaker spending now that the $600/week unemployment supplements are gone.
Read more...Tom Ferguson: Biden Blurring Almost Everything
Political scientist Tom Ferguson juxtaposes the factions around Biden with how Roosevelt eventually stared down banks and corporatists in the second phase of the New Deal
Read more...You Know In Your Heart That the Day of Real Resistance Is Coming
First demonstrations across the US, now a guillotine in front of Jeff Bezos’ house. Is this more #Resistance or a system-breaking resistance?
Read more...‘Threadbare’ US System Denounced as Study Shows 12 Million Lost Employer-Tied Health Care During Pandemic
New data on how many lost their health insurance, which often means health care, due to Covid. And the numbers are not getting better soon.
Read more...Links 8/27/2020
Emergency Situation: The Slow-Moving Tragedy of the Russian Arctic
The Russian version of America’s flyover has it pretty bad: declining industries and environmental stress.
Read more...Another COVID Mystery: Patients Survive Ventilator, But Linger in a Coma
Another way Covid-19 can mess up people who survive the disease: protracted comas
Read more...CalPERS Board Member Theresa Taylor, Under Investigation for Multi-Year Failure to Report Income, Digs Her and CalPERS’ Hole Deeper Via Supporting Conflicted Actions Taken by Ex-Chief Investment Officer Meng
CalPERS’ Board Vice President Theresa Taylor shoots herself and CalPERS in the foot.
Read more...How Do Banks Create Money?
A short primer on banks from a Modern Monetary Theory perspective.
Read more...Columbia Journalism Review Publishes Detailed Expose on Gates Foundation Buys Influence With Journalists
Why you should not trust the Gates Foundation.
Read more...Summer Rerun: Journey into a Libertarian Future: Part III – Regulation
Another dive, in both senses of the word, into the implications of libertarian ideology.
Read more...Robot Generals: Will They Make Better Decisions Than Humans – Or Worse?
The odd idea of replacing generals with AI is getting a hearing.
Read more...World Bank’s ‘Mobilizing Finance for Development’ Not Financing Development
The World Bank is trying to rebrand a failed public private partnership scheme as “blended finance”. Developing countries, beware.
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