Takers and Makers: Who Are the Real Value Creators?
Why stories from “value creators” should be taken with a fistful of salt.
Read more...Author Archives: Yves Smith
Brexit Radicals
Looking for cheery news on Brexit? You’ll have to look awfully hard.
Read more...Rebel Economist Breaks Through to Washington on How Shareholder Value Theory Rewards the Undeserving
How William Lazonick persuaded pols and pundits that the shareholder value theory was bad for business and society.
Read more...How Media Workers are Organizing in the Dual Economy
With journalism moving from a stable to a precarious profession, digital media workers have gotten serious about organizing.
Read more...Escape(d) from New York
We are now officially out of New York.
Read more...Are Cryptocurrencies the First Crack in the Wall to Regulate Facebook?
Like Icarus, the social media monopoly is flying too close to the sun and generating much regulatory heat, which could eventually lead to its downfall.
Read more...How Judges Kill: Sealing Corporate Records Showing Destructive Behavior Based on Dubious “Trade Secret” Claims
Judges who are unduly deferential to corporate secrecy demands are literally killing Americans.
Read more...Health Care Price Transparency: Fool’s Gold, or Real Money in Your Pocket?
A former insider explains why more transparnecy won’t solve bad health care pricing practices.
Read more...The Individual Costs of Occupational Decline
Quelle surprise! Occupational decline, aka “The robots ate my career,” lowers lifetime earnings, particulalry for low-wage workers.
Read more...Lawrence Wilkerson: Trump Is Deepening the ‘Economic War’ Against Iran
Lawernce Wilkerson offers another dose of his pithy commentary on US policy versus Iran.
Read more...Links 6/25/19
Are Economists Blocking Progress on Climate Change?
As they so often do, by promoting unrealisitc models, economists have become part of problem rather than the solution.
Read more...Why Public Schools’ Best Days Could Be Ahead of Us
Some urban public schools, like the ones in St. Louis, are about to regain substantial local control after budget crises made them wards of the state (government). Will these cities be able to take advantage of this opportunity?
Read more...The Sham of Shareholder Capitalism
The mythology of shareholder capitalism does not stand up to scrutiny.
Read more...Trade Wars in the Global Value Chain Era
Why trade wars are more costly than conventional wisdom would have you believe now that manufacturing to a large degree depends on global value chains.
Read more...