Michael Hudson explains how Rome rejected debt forgiveness and nstituted a pro-creditor legal system, which our establishment defends today.
Recent Items
Sunday, July 6, 2025
Debt and the Collapse of Antiquity – Michael Hudson
Topics: Banking industry, Credit cards, Economic fundamentals, Guest Post, Income disparity, Legal, Politics, Social policy, Social values
Posted by Yves Smith at 6:32 am | 23 Comments »
2:00PM Water Cooler 4/21/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 107 Comments »
Why the Food System Is the Next Frontier in Climate Action
Virtually all paths to a net-zero-emissions food system rely on consumers in high-income countries shifting to a more plant-forward diet
Topics: Doomsday scenarios, Environment, Free markets and their discontents, Global warming, Guest Post, Social policy, Social values, Species loss
Posted by Yves Smith at 9:55 am | 69 Comments »
Links 4/21/2023
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 134 Comments »
What Does Biden’s Pick for Next World Bank President Augur for the Global War on Cash?
Ajay Banga, in his former senior executive roles at Mastercard, waged a decade-long “war on cash.” Under his tenure, the company did more than just about any other to demonise the role of physical money around the world.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 12 Comments »
TSA, UPS Brutalizing Shipments. What Gives?
UPS and TSA are serious hazards to your stuff.
Topics: Free markets and their discontents, Ridiculously obvious scams
Posted by Yves Smith at 6:00 am | 57 Comments »
Ukraine Conflict Highlights Key Question for Africa: Should We Focus on the Problems of the Elite, or Those Faced by the Majority of the Population?
Professor Sokona, Vice-Chair of the IPCC, on how Ukraine has reshaped thinking in Africa and on the needed transformation in its leadership
Topics: Africa, Commodities, Economic fundamentals, Energy markets, Europe, Globalization, Guest Post, Income disparity, Politics, Social policy, Social values
Posted by Yves Smith at 3:08 am | 13 Comments »
Naked Capitalism (Again) Named One of Top 100 Economics Blogs
Naked Capitalism again makes the cut!
Topics: Notices
Posted by Yves Smith at 1:25 am | 25 Comments »
2:00PM Water Cooler 4/20/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 64 Comments »
Is Labour Purging the Left? Inside the Party’s Embattled Selection Process
‘This is the most fundamental attempt to change the DNA of the Labour Party in its entire history’
Topics: Free markets and their discontents, Guest Post, Income disparity, Politics, Privatization, Social values, The destruction of the middle class, UK
Posted by Yves Smith at 9:55 am | 29 Comments »
Links 4/20/2023
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | 202 Comments »
Leaks Reveal Reality Behind U.S. Propaganda in Ukraine
While lying to the public is routine, the Pentagon leaks show officials have been selling fabrications about how Ukraine is faring.
Topics: Doomsday scenarios, Guest Post, Media watch, Politics, Ridiculously obvious scams, Russia
Posted by Yves Smith at 6:54 am | 78 Comments »
Hoisted From Comments: “A Tale of Two Sciences”
Pontius Pilate asked, “What is truth?” Time to ask “What is science?” since our market system creates sciences that aren’t very scientific.
Topics: Banana republic, Global warming, Guest Post, Permaculture, Ridiculously obvious scams, Science and the scientific method, Social policy, Social values, The dismal science
Posted by Yves Smith at 5:15 am | 35 Comments »
Vzglyad – “It’s Time for Russia to Change Its Position in the Israeli-Palestinian Conflict”
As fallout from movement in geopolitical tectonic plates, Russia may be close to revisings its stance towards Israel and Palestine.
Topics: Guest Post, Middle East, Politics, Russia
Posted by Yves Smith at 3:00 am | 10 Comments »
2:00PM Water Cooler 4/19/2023
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 114 Comments »