Congress Offers Bipartisan Blank Warmaking Check to Donald Trump
Major Danny Sjursen chronicles the sorry history of Congress ceding its check on war-making powers.
Read more...Author Archives: Yves Smith
The Real Driver of Rising Inequality
Wage suppression—not monopoly power—is fueling corporate profits and the relentless rise in inequality.
Read more...Links 5/3/18
New Report: Most State Pension Funds, Including CalPERS, Lag 60/40 Investment Mix at Higher Cost, Resulting in Even Higher Shortfalls
Yet another stunning indictment of public pension fund management. If the biggest funds with the best staffs can’t beat a simple Vanguard portfolio, why aren’t more heads rolling?
Read more...#TSBFail: MPs Barely Lay a Glove on CEO Pester, Who Discredits Himself All on His Own
Even with a mere wet-noodle lashing by MPs, TSB came off pretty badly in Parliament.
Read more...The Revenge Against the Commons
Why France’s biggest police operation since May 1968 is prepared to kill for Macron to roust a 4000 acre commons.
Read more...China’s Bid To Assist Assad In Syrian Reconstruction Is About Security and Profit
China sees a nation-building opportunity in Syria that the US won’t consider.
Read more...Links 5/2/18
Why Capitalism Creates Racism
Why separating racism from capitalist exploitation of low-wage workers isn’t as tidy as the Democratic Party would have you believe.
Read more...California Supreme Court Ruling Delivers Big Blow to Gig Economy Companies
Many gig economy firms will have to classify a big swathe of their workers as employees or radically change their business models.
Read more...The US Teachers Strike in Historical Perspective
Past strike waves offer clues to the possible regeneration of the American labor movement.
Read more...Links 5/1/18
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...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...