Roman Roads: A Persistent Effect of Infrastructure on Development
Roman roads as a case study of the (very) long term effects of infrastructure investment.
Read more...Author Archives: Yves Smith
Don Quijones: After a String of Corporate Scandals and Collapses, “Big Four” Accounting Giants Face Breakup in the UK
The Big Four accounting firms desperately need to be reformed. But are UK regulators up to the task?
Read more...How Different Are Trump’s Tariffs?
Trump’s tariffs and trade belligerence are less of a departure from recent US behavior than you might think.
Read more...Three More Reasons for Wealth-Deprived Americans to Take to the Streets
Some telling facts on wealth inequality.
Read more...Trump v. the Postal Service: Fake News, Flawed Analysis, and Bogus Tweets
Why Trump’s claim that the Postal Service is subsidizing Amazon is all wet.
Read more...The Corporate Plan to Groom U.S. Kids for Servitude by Wiping Out Public Schools
Schools are becoming a two-tier affair, with those for the non-affluent preparing them for “a life that is more circumscribed, less vibrant, and, quite literally, shorter, than what past generations have known.”
Read more...Links 4/7/18
Trade War or Not, China Risks a ‘Minsky Moment’
How China’s officials are trying to protect the county’s economic glass jaw.
Read more...Monopoly Capitalism: At The Breaking Point?
Michael Hudson discusses monopoly capitalism on the Laura Flanders show.
Read more...The Hidden Network That Propelled Civil Rights in America
Martin Luther King, Jr. and other civil rights leaders relied on black entrepreneurs to make their work possible.
Read more...Michael Hudson: Origins of Money and Interest: Palatial Credit, Not Barter
A deep dive into the origins of credit and money, along with the political implications of different theories.
Read more...5 Ways Liberals and Progressives Shame the Poor Without Even Realizing It
The poor (and even the struggling middle class) are too often on the receiving end of sanctimonious and not cheap lifestyle finger-wagging.
Read more...Trump Ups the Ante in Trade Brinksmanship
Investors are rattled by Trump escalating his trade war threat with China.
Read more...The Forgotten Economic Vision of Martin Luther King
In the last years of his life, King was boldly forging a radical, multi-racial movement for economic justice.
Read more...Economists’ Dubious Relationship with Trade Policy: Comparative Advantage is a System that Works for the Wealthy
The great unwashed public has good reason to doubt what economists say about trade.
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