Author Archives: Yves Smith
The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: Mixed Economies Today, Compared To Those Of Antiquity (Part 2)
How mixed economies have mixed it up over time.
Read more...Brexit: Pandemonium
Is May’s latest Brexit gambit a roll of the dice or meant to be a road to nowhere?
Read more...Money Talks, Big Time: 1% Politics and the Scandals of A New Gilded Age
A social order where the power of money plays an outsized role looks illegitiamate, particularly when citizens have been sold the myth of meritocracy.
Read more...World Bank Financializing Development
Why having public sector development funds “leverage” private capital is a bad idea.
Read more...The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson About His Forthcoming Book The Collapse of Antiquity (Part 1)
Michael Hudson describes how, in antiquity in Greece and Rome, emerging oligarchs ended the practice of debt jubilees, impoverishing laborers.
Read more...Yasha Levine: Silicon Valley and “Communication Weapons of War”
Turns out Silicon Valey isn’t all that innovative on the propaganda front.
Read more...Brexit Brief
Another day of Brexit confusion.
Read more...How American Recycling Is Changing Now that China Won’t Take It
The US recycling approach of using the rest of the world as it garbage barge has come to an end. What next?
Read more...The Brexit Bar
Another important day for Brexit, when there is way too much to be decided with the stakes so high
Read more...MMT Scholars’ Predictive and Policy Successes – Part A
Bill Black highlights how prominent economists apply double standards with respect to MMT.
Read more...Links 3/30/19
What Oklahoma’s Opioid Settlement Means for Other States, Cities and Counties Suing Purdue Pharma
Purdue Pharma has threatened to file bankruptcy in response to the tsunami of opioid-related litigation filed against it . That would throw a major spanner in the works.
Read more...Defying Trump Promises, American Companies Still Playing Offshore Tax Games
Quelle surprise! A one-time tax break for US companies to repatriate offshore profits didn’t stop the gaming, nor did it generate more investment.
Read more...Bank Regulation Can’t Be Heads Banks Win, Tails Taxpayers Lose
At a G20 preparatory meeting, an INET panel analyzed how governments can prevent banks from exploiting taxpayer-funded bailout guarantees. The panelists didn’t mince words.
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