To Reform Capitalism, Look to Marx
A high-level discussion of the re-imaging of the word “capitalism”.
Read more...Author Archives: Yves Smith
Announcing Tucson Meetup 2.0 for June 1
Hope those of you in the Tuscon area can join the fun at the second meetup!
Read more...Social Multipliers in Crime: Measuring the Spillover Effects of Criminal Behaviour
An example of how the peer environment influences crime levels.
Read more...California Hospital Giant Sutter Health Target of Anti-Trust Suit, Legislation for High Prices. Will It Set a National Precedent?
Will California officials succeed in curbing aggressive pricing by hospital network Sutter Health? Could these efforts set a precedent for other markets?
Read more...Bitcoin Energy Use Growing Much Faster than Previously Thought
Bitcoin energy use alarmists are being proven right.
Read more...Wolf Richter: Fake News No Problem – Internet Totally Dominates Advertising in the US
TV falls behind further, suffers first advertising revenue decline since the Financial Crisis
Read more...CalPERS Issues False and Misleading Press Release to Try to Railroad Board on Private Equity Industry Enrichment Scheme
A brazen example of CalPERS staff trying to muscle board members and have them violate their fiduciary duty regarding a massive, misguided, and sketchy private equity outsourcing scheme.
Read more...Yes, Neoliberalism Is a Thing. Don’t Let Economists Tell You Otherwise
Now that people have started to discover what neoliberalism is, denialism is the rage.
Read more...Links 5/17/18
CalPERS Board Members Say They Don’t Want to Do Their Jobs, Can’t Be Bothered With Dealing With Their Mail
The CalPERS board makes an embarrassing display of how little interest it has in rolling up its sleeves and doing some work.
Read more...Yet More Brexit Idiocy: Cabinet Thinks Begging to Stay in Customs Union Will Solve Irish Border Problem
The UK is now trying to marry up two unworkable Brexit ideas and call it a solution.
Read more...IEA: High Oil Prices “Taking A Toll” On Demand
Mr. Market may not yet take issue with rising oil prices, but the real economy is starting to register the pinch.
Read more...Trade War: How Tensions Have Risen Between China, the EU and the US
A very useful recap of trade measures taken so far and potential impacts of various threats made by the US, China, and EU.
Read more...Links 5/16/18
Ecuador Hints It May Hand Over Assange
Assange’s luck in staying out of the hands of the US may be coming to an end.
Read more...