Thanks! Met Our Third Goal, on to the Fourth!
We are marching along towards our goals in the fundraiser. Our new one is for staffing to allow for 24/7 coverage 365 days a year.
Read more...Author Archives: Yves Smith
Jeff Connaughton: On to Iowa and New Hampshire
Former lobbyist, White House and Senate staffer Jeff Connaughton explains how Naked Capitalism had an impact after the crisis and continues to do so today.
Read more...Mark Ames: Why Finance is Too Important to Leave to Larry Summers
Mark Ames explains why the left became stupid about finance and why that was a very costly mistake.
Read more...Links 10/17/15
Michael Hudson: The Paradox of Financialized Industrialization
The great question today is whether post-feudal rentier capitalism will stifle industrial capitalism instead of serving it. The aim of finance is not merely to exploit labor, but to conquer and appropriate industry, real estate and government. The result is a financial oligarchy, neither industrial capitalism nor a tendency to evolve into socialism.
Read more...How Much Money Does the 1% Have Hidden in Tax Havens?
UC Berkeley professor Gabriel Zucman is doing pathbreaking work on tax havens. HIs estimates of how much the rich hide in them are eye-popping.
Read more...Nicholas Shaxson: Naked Capitalism – Seriously, Where Else Are You Going to Go?
By Nicholas Shaxson, the author of Treasure Islands, an award-winning book about tax havens. He also writes regularly at Tax Justice Network and Fools’ Gold. This is fundraising week for Naked Capitalism. If you’ve been meaning to contribute and haven’t gotten to it yet, you can dispense with the preliminaries and do so here, right […]
Read more...CalPERS Backs California Treasurer John Chiang’s Private Equity Transparency Legislation; Where is CalSTRS?
Can CalSTRS be trusted to do the right thing on proposed private equity transparency legislation in California?
Read more...Hooray! Met Our Second Target Pronto, On to the Third!
Thanks for the support! On to our third fundraising target: support for the valuable guest writers on this site.
Read more...Links 10/16/15
Wolf Richter: Debt Fueled Stock Buybacks Now Eating into Earnings
Companies with investment-grade credit ratings – the cream-of-the-crop “high-grade” corporate borrowers – have gorged on borrowed money. Interest on that mountain of debt, which grew another 4% in the second quarter, is now eating their earnings like never before.
Read more...Tom Engelhardt: The Fog of Intelligence, or How to Be Eternally ‘Caught Off Guard’ in the Greater Middle East
An in-depth look at the US’s big-ticket intelligence apparatus that can’t shoot straight in the Middle East. A bug or a feature?
Read more...Michael Perelman: The Essential Handbook for Engineering an Unequal Society
While the thrust of Perelman’s post is no doubt familiar to readers, take note of how simple and few in number are the essential principles for creating a highly unequal society, and how easy it is to describe them them in antiseptic language.
Read more...Clive: Naked Capitalism – Your Ammunition in the War for Information
In the face of the seemingly overwhelming disparity of power what can those of us who want to change the balance do?
Read more...Occupy the SEC Condemns Securities Lawyers for Bullying the SEC, Demanding Preferential Treatment for Clients
A video shows how the very premise of the SEC’s role, and that of regulations generally, is under intense assault by the private bar.
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