Benign Effects of Automation: New Evidence from Patent Texts
A new study on automation suggests that even if the robots are coming for your job, they create even more jobs.
Read more...Author Archives: Yves Smith
Bitcoin Could Cost Us Our Clean-Energy Future
The insane trajectory of the energy cost of bitcoin mining.
Read more...Republicans Plan to Cut Food Stamps as Homelessness Rises in the US
Republicans want to take food out of children’s (and adults’) mouths by cutting food stamps. One likely result is an increase in homelessness.
Read more...Daniel Ellsberg: U.S. Military Planned Nuclear First Strike On Every City In Russia and China … and Gave Many Low-Level Field Commanders the Power to Push the Button
Daniel Ellsberg reveals that the authority to launch nuclear first strikes has long been widely distributed. So who has that authority now?
Read more...Monetary Mental Illness
Puzzling over why more people don’t embrace Modern Monetary Theory.
Read more...Links 12/6/17
DUP Humiliates May, Extends Freeze on Talks as Hard Core Brexiters Fume
Brexit talks are at a complete impasse. That is probably a good thing.
Read more...Gizmodo Echoes Naked Capitalism: “Don’t Buy Anyone an Echo”
Naked Capitalism is now in very good company in warning you to stay far far away from the Echo and its cousins.
Read more...Eastern Europe Showed How Neoliberalism Produces Reactionary Populism, Like Trump
Trump’s antecedents in Eastern Europe show how widening inequality and failed economic promises pave the way for reactionary politics.
Read more...Germany’s Dystopian Plans for Europe: From Fantasy to Reality?
For Germany, the idea of Europeanism has allowed its elites to conceal their hegemonic project behind the veil of ‘European integration’.
Read more...Links 12/5/17
Security Train Wreck Confirms Apple’s Crapification
A security meltdown confirms that Apple is running on brand fumes.
Read more...Brexit’s Irish Checkmate
Brexit talks and Theresa May are in serious trouble.
Read more...Gaius Publius: Deficit Talk Is a Trap. Will Democrats Fall Into It?
The Democrats would join the Republicans in using deficits to justify cutting Medicare, Social Security, and other services. Don’t let them.
Read more...Tax Cuts, Wages and Salaries: Will Lower Taxes and Profit Repatriation Help Workers?
Debunking some of the claims of tax “reform” proponents, like that giving companies a tax break to repatriate profits will create jobs.
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