France’s Institutional System Favours Rebellion Against Its Leader
The gilet jaunes movement proves that France’s political and budgetary centralism, the source of citizens’ feelings of abandonment and revolt, must be reformed.
Read more...Author Archives: Yves Smith
Will The U.S. Actively Pursue Regime Change In Iran?
The US is still awfully eager to Do Something in Iran.
Read more...Brexit and Labour’s Spat: Everything That’s Wrong with The Independent Group
The departure of seven Labour party members isn’t good for Brexit, the party, or themselves.
Read more...Links 2/19/19
Bill Black: Modern Monetary Theory Is On the March (#MMT)
A recent Wall Street Journal article that tried debunking MMT effectively supported it.
Read more...CalPERS Chief Investment Officer Ben Meng Lied About Private Equity to State Senator Dr. Richard Pan at Joint Pension Committee Hearing
CalPERS lied to the wrong person. State Senator Dr. Richard Pan is smart enough to know he was snookered when word gets back to him.
Read more...CalPERS’ Management Continues to Lie to Its Board and Beneficiaries About Its Private Equity Scheme
CalPERS is once again up to no good on the private equity front.
Read more...The Financial Crisis Was a Minsky Moment but We Live in Strange Times
Why has Susan Strange been reputationally short changed as an expert in financial instability?
Read more...How Imperfect Knowledge Shapes Financial Markets
A discussion of various theories of how financial markets set prices.
Read more...Has America Always Embraced Capitalism?
History shows that capitalism isn’t natural or normal, strengthening the belief that we can create something better.
Read more...Even More on “Is CalPERS Private Equity Architect John Cole So Clueless He Doesn’t Know He’s Lying?”
It has taken three posts to unpack all the lies that John Cole told CalPERS’ board in December about its new private equity scheme.
Read more...Links 2/16/19
Hubert Horan: Can Uber Ever Deliver? Part Seventeen: Uber’s 2018 Results Still Show Huge Losses and Slowing Growth as IPO Approaches
It is hard to see how Uber’s IPO story will hold up to scrutiny, particularly at a planned valuation of $120 billion.
Read more...Can Shareholder Activism Tame the Financial System?
Is shareholder activism capable of achieving lasting change?
Read more...How Energy Efficiency Delivers Green Dividends in Red and Blue States
Promoting and rewarding energy efficiency is popular even in conservative states, and is an important way to get the green ball rolling and have some near-term impact.
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