Michael Hudson: “Creating Wealth” Through Debt: The West’s Finance-Capitalist Road
Why debt is the great threat to modern China’s development.
Read more...Author Archives: Yves Smith
Gaius Publius: Our Communities Are Scaled and Built for a Climate That No Longer Exists
Why combatting climate change will require the use of force.
Read more...Universal Basic Income and Minimum Wages: Progressive or Regressive?
How plans for a universal basic income differ, and what that means in terms of probable results.
Read more...How Sacramento Bee Reporter Adam Ashton’s Hit Piece on CalPERS Board Member Shows He’s in the Business of Flacking, Not Reporting
Why you should not trust Adam Ashton’s “reporting” on CalPERS.
Read more...Why Board Member and Vocal Critic of CalPERS Margaret Brown Needs to Stay The Course
A successful public pension fund reformer explains how determined foes of transparency and accountability play dirty.
Read more...Want a More Equal Society? Universal Basic Income Might Not Be the Policy You Are Looking For
Why a Universal Basic Income won’t produce the benefits its boosters claim it will.
Read more...Links 4/28/18
Michael Hudson: Bronze Age Redux – What the Ancients Can Teach Us About Debt
Michael Hudson explains why debt cancellation was central to the politics of ancient societies.
Read more...The Federal Job Guarantee Is Not Just “Better” Than a Universal Basic Income. It’s the Only Reasonable Option. Universal Basic Income Is Sinister
Why a federal job guarantee is sound policy and a universal basic income isn’t.
Read more...Trump’s Carbon Capture Tax Break: Mechanical and Biological Paths
Looking at the potential benefit of tax subsidies for carbon capture.
Read more...Links 4/27/18
Gaius Publius: What To Do About Facebook — First Thoughts
Why Facebook needs to be broken up, and how to do it.
Read more...Exclusive: Calls To Police Skyrocketed After Hiring of Philly Starbucks Manager Who Was on Duty During #Starbuckswhileblack Arrests
The Starbucks manager who called for police to arrest two black men in her store had a history of frequent requests for police help.
Read more...Why We Have to Go Back to a 40-Hour Work Week to Keep Our Sanity
Why American work norms are largely counterproductive.
Read more...Is New EU “Travel Authorisation” Another Brexit-Induced Ireland Headache?
Does what superficially looks like a nuisance-level post-Brexit change for UK travelers have bigger ramifications for Ireland?
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