Dude! Where’s My Democracy?
People turn to authoritarian leaders not because they distrust democracy but because our system is fundamentally undemocratic.
Read more...Author Archives: Yves Smith
Majority in US Back Free College Tuition and Student Debt Cancellation, New Poll Finds
Sanders’ and Warren’s supposedly wild eyed ideas of cancelling student debt and making college tuition free get a thumbs up in a new poll.
Read more...48 States to Investigate Google: Anti-Trust or Politicking?
The messy politics of the 48 state Google anti-trust investigation.
Read more...Links 9/13/19
The US Massively Underestimates the Trade War Blowback
US trade and economic sanctions not only have not delivered on their stated aims, but they’ve also had unwelcome side effects.
Read more...Modi’s Kashmir Power Grab Was Decades in the Making
Repeated constitutional attacks paved the way for the government to finally strip Kashmir of its rights.
Read more...Kalecki, Minsky, and “Old Keynesianism” Vs. “New Keynesianism” on the Effect of Monetary Policy
Larry Summers, a barometer of leading edge conventional wisdom, questions Keynesianism as a distortion of Keynes and for its overconfidence in monetary policy.
Read more...Michael Hudson: Why We Need to Abolish the Democratic National Committee, Even if That Means Breaking Up the Democratic Party
Reflections on the charade of the Democratic Party debate.
Read more...Richard Murphy: Brexit Yellowhammer Is Wrong, but That Doesn’t Mean We Should Ignore It
The Brexit headlines focused on Yellowhammer when that isn’t the biggest development of the day.
Read more...Axios: What’s the Actual Cost of Not Addressing Climate Change?
bunking some arguments against Sanders’ climate change program.
Read more...The Two Sides of Government Guarantees for Banks
Not all guarantees are created equal, and what that means for banks.
Read more...Links 9/11/19
Under Bloomberg Pressure, CalPERS Coughs Up BCG Report on Private Equity, Confirming Criminal Abuse of Open Meeting Law; Board President Henry Jones Casually Leaks Confidential Information
A peek into how CalPERS abuses confidentiality when public agencies are supposed to be public.
Read more...Andrew Bacevich, Ending War, American-Style
The US hasn’t won a war since World War II, and even then, the Soviets deserve most of the credit. So how do we keep up appearances?
Read more...CalPERS Election Corruption: Huge and Illegally Opaque Dark Spending Against Pro-Accountability Candidate JJ Jelincic
Yet more on CalPERS election shenanigans.
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