Growing Inequality Under Global Capitalism
The benefits of capitalism are accruing even more to a very few at the top.
Read more...Author Archives: Yves Smith
NY Times Lets a Charter School Propagandist Distort the Facts on Its Op-Ed Page
Quelle surprise! Card carrying neoliberal David Leonhardt of the New York Times twists facts to try to make a case for charter schools.
Read more...Is the Great China Crash Upon Us?
No large economy has made a crisis-free transition from being investment/export led to consumption led. Is China finally starting its Big One?
Read more...Private Equity Clutching Pearls Over Sweden Ending Carried Interest Loophole
Has Sweden become the mouse that roared at private equity?
Read more...Why Are The Oil Markets Crashing?
Sunny predictions for oil prices in 2017 are looking a tad premature.
Read more...Gaius Publius: Honeymoon of the Generals in the Age of Trump – Wolfowitz on McMaster, Mattis
Trump has turned conduct of his wars over to neocon mad dogs like Paul Wolfowitz that even hawkish Reagan made sure to keep out of power.
Read more...Uber Under Federal Criminal Investigation for “Greyball” Software
Uber is in hot water and has hired a big name white shoe firm, Shearman & Sterling, to conduct an internal investigation.
Read more...Understanding Household Financial Distress: The Role of Noncognitive Abilities
A critical thinking exercise on a study that claims that psychological traits are linked to financial distress.
Read more...Organizing Against the Gig Economy: Lessons from Latin America?
New strategies of organization and workers’ control in Latin America suggest ways to combat the insecurity of the gig economy.
Read more...Wilkerson: “We’re Staying in Afghanistan for the Next 50 Years”
A discussion of US rationalizations for committing more troops to Afghanistan with no endgame in sight.
Read more...CalPERS and Board Come Out Losers Over Kangaroo Court Against Its Most Effective Board Member (Updated)
CalPERS and its board seem incapable of understanding that when you are in a hole, you need to stop digging.
Read more...War, Morality, and How to Get There From Here
More discussion of how the left can become a political force and how best to pursue anti-war objectives.
Read more...Links 5/3/17
UK’s Brexit Derangement Becomes More Visible as May Puts Foot in Mouth and Chews
As short seller David Einhorn has said, “No matter how bad you think it is, it’s worse.” I thought I was at risk of being unduly dire in my early readings on Brexit, which was that the two sides have a large gap between their positions and have been talking past each other. Early on, […]
Read more...Wolf Richter: #Carmageddon Not Yet, But Hot Air Hisses out of Auto Bubble
Despite record incentives, auto sales decline speeds up, inventory bloat spreads to zombie malls.
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