Sanders Called JPMorgan’s CEO America’s ‘Biggest Corporate Socialist’ – Here’s Why He Has a Point
As Sanders becomes a formidable 2020 contender, demonizing socialism is back in style.
Read more...Author Archives: Yves Smith
Rentier Capitalism: Great for Stocks, Lousy for Growth
An oddly neglected paper gives an idea of how much rentier capitalism has distorted the US economy.
Read more...More (or Less) Economic Limits of the Blockchain
A discussion of blockchain “proof of stake” protocols.
Read more...Links 2/6/2020
Ponzi Schemer Bernie Madoff Asks to Be Released From Prison Under “Compassionate Release,” Igniting Debate Over Fairness
Pondering Madoff’s petition to be freed and the general question of compassionate release programs.
Read more...Beyond Burnout: Doctors Decry ‘Moral Injury’ From Financial Pressures Of Health Care
Emergency room doctors have it worse than you thought….because patients lose out to corporate practices.
Read more...Iraq Is on the Brink of an Energy Crisis
A case study of the struggle for influence in Iraq.
Read more...War for Fun and Profit
A look at the US war machine.
Read more...Brexit: Fish-y Business
Brexit is getting ugly.
Read more...Coronavirus Starting to Hit Auto Industry Supply Chains
A coronavirus worry is starting to manifest.
Read more...Libya Is Being Torn Apart by Outsiders
An update on the armed intervenetions in Libya.
Read more...Obama Helped Make Cars More Efficient, but Now They Spew Black Carbon
How regulations to tame cars’ emissions created a new problem.
Read more...Iowa, Democrats, and Elite Incompetence
Team Dem gets lots of egg on its face in Iowa.
Read more...Corporate Counter-Mobilization: Uber and Deliveroo’s ‘Charter of Good Work’ Is Nothing but Fairwashing
Uber and other gig economy employers: “Let them eat a charter.”
Read more...Public Health Officials Offer Scant Details On U.S. Coronavirus Patients
Experts discuss US measures for dealing with coronavirus cases.
Read more...