Globalization and the End of the Labor Aristocracy, Part 1
How labor benefitted from imperialism, and how its advantages were eroded as multinationals became important as international enforcers.
Read more...Author Archives: Yves Smith
Links 4/6/17
The Conversation About Basic Income is a Mess. Here’s How to Make Sense of It.
Certain interest groups are advocating a basic income for very different reasons, and that in turn lead to different policy proposals.
Read more...Small California Towns Are Facing Off Against Oil Companies — And Winning
California towns are winning David. v. Goliath battles with oil companies.
Read more...The Global Corporate Saving Glut
The corporate savings glut has been long in the making. It’s a sign of capitalists abandoning their role of investing to pursue growth.
Read more...Links 4/5/17
The War on Poverty, Then and Now
President Johnson’s War on Poverty reduced on poverty rates, but progress stalled over 40 years ago. But things would be even worse otherwise.
Read more...Richmond Fed’s Jeffrey Lacker Departs Due to Leak: Defenestration as Coverup?
In a stunning development, Richmond Fed president Lacker resigned over a leak under investigation since 2012. The details are not pretty.
Read more...Health Care Corporate CEOs Fret About Physician Burnout….Because It Hurts Their Profits?
Health care execs say they are worried about doctor burnout….but what are their real motives?
Read more...Why Did CalPERS Pay FTI Consulting $224,625 for a Garbage-In, Garbage-Out Private Equity Whitewash?
Why did CalPERS hire FTI Consulting to cover up for private equity firms?
Read more...Links 4/4/17
Kansas’ Idea to Keep Businesses (and Small Towns) Alive When Owners Retire
Kansas devises a clever idea to help local communities. Will it go national?
Read more...Gaius Publius: It’s Not About Gorsuch, It’s About the Democrats
The Gorsuch vote will show if there is any shred of hope that the Democrats intend to woo disaffected voters.
Read more...Italian Banks: Not Quiet on the Eastern Front
Never before have I seen the condition of a bank’s finances (in this case liquidity) described as “hemorrhagic”. Italians beware!
Read more...Big Companies Shake Fingers at Employees for Raiding 401(k)s
401(k) “leakage” is yet another sign of the wobbly state of many Americans’ finances.
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