Author Archives: Yves Smith

Insanely Concentrated Wealth Is Strangling Our Prosperity

Why tackling extreme concentration of wealth would be good for everyone….except those who would inherit from dynasties.

Brexit Denialism: The Customs/Border Problem and the Curious Case of the Pallets

A case study of how basic, critically important Brexit issues like customs are being ignored by the Government, to the peril of the public.

Out of Africa: Why the Migration Wave?

Why are so many risking their lives to flee Africa?

The Boring Story of the 2016 Election

The most accurate story of why Clinton lost in 2016 is the simplest and most obvious: many people really really didn’t like her.

Reminder: Kansas City Meetup This Friday, September 22

Looking forward to seeing Kansas City readers and perhaps some attendees from the MMT conference at our meetup this Friday!

The Sickness of American Healthcare

Some key facts that have been omitted from the debate over Obamacare and healthcare generally, apparently by design.

Google Betting Big on Being Able to Overturn EU Antitrust Decision; Effectively Thumbs Its Nose at Compliance

Google got hit with a huge EU fine and faces even bigger charges for non-compliance. So why is it playing hardball?

Catalonia’s Defiance of Spanish Authority Turns into Rebellion

Catalonia and the Spanish government are in a power struggle, with Madrid moving to strip Catalonia of its autonomy. What are the stakes?

Climate Change Enabling US Military to Play Greatly Enlarged Domestic Role

Why climate change is great for the Pentagon’s budget and bad for Americans’ freedom.

CalPERS Illegally Trying to Hide Its Scheming to Hand Over Private Equity to BlackRock

oard candidate Margaret Brown objects to CalPERS’ illegal secret discussions, most importantly, of outsourcing private equity to BlackRock.

Links 9/16/17

Rumors of Japan’s Imminent Demise Have Been Greatly Exaggerated

Why you should not believe media accounts that depict Japan as a basket case in the making.

Ripping up the Yellow Pages

Bye bye Yellow Pages….you will be missed.

Corporate Contractors: The High End of the Precariat (Updated)

The stressful life of downwardly mobile corporate contractors.