The US can draw on its Gilded Age to bring its billionaires to heel.
Recent Items
Wednesday, July 2, 2025
Do Billionaires Destroy Democracy and Capitalism?
Topics: Banana republic, Dubious statistics, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Politics, Social policy, Taxes, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 59 Comments »
Links 12/17/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 207 Comments »
Further Discussion of the Red Flags in the Pfizer Vaccine Paper in the New England Journal of Medicine
Responding to critics of a post on the Pfizer vaccine paper and editorial.
Topics: Health care, Media watch, Science and the scientific method
Posted by Yves Smith at 5:30 am | 122 Comments »
Study of 50 Years of Tax Cuts For Rich Confirms ‘Trickle Down’ Theory Is an Absolute Sham
Another nail in the trickle down economics coffin. Too bad that vampire-like, it keeps coming back.
Topics: Banana republic, Dubious statistics, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Macroeconomic policy, Politics, Taxes, The destruction of the middle class, The dismal science
Posted by Yves Smith at 3:51 am | 51 Comments »
Americans’ Hunger During the Coronavirus Pandemic – Here’s What’s Happening in Los Angeles County
More and more Americans are suffering from hunger due to Covid economic stress, as Los Angeles demonstrates.
Topics: Banana republic, Doomsday scenarios, Economic fundamentals, Guest Post, Income disparity, Pandemic, Social policy, The destruction of the middle class
Posted by Yves Smith at 3:34 am | 18 Comments »
2:00PM Water Cooler 12/16/2020
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 174 Comments »
Congress to Pass $17 Billion Bailout of Airlines, to Top Off Prior Bailout
Airlines are back at the trough while more and more Americans go hungry.
Topics: Banana republic, Doomsday scenarios, Free markets and their discontents, Guest Post, Pandemic, Politics, Ridiculously obvious scams
Posted by Yves Smith at 9:55 am | 26 Comments »
Links 12/16/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 261 Comments »
China Retrenches on Belt and Road Initiative as Defaults Rise
More on “Whither China?”
Topics: Banana republic, Banking industry, China, Credit markets, Globalization, Infrastructure, Privatization
Posted by Yves Smith at 6:54 am | 15 Comments »
Brexit: Too Late for Fudge?
The options for extending the Brexit runway don’t look promising.
Topics: Brexit, Doomsday scenarios, Europe, Globalization, Politics, UK
Posted by Yves Smith at 5:08 am | 41 Comments »
Market Capitalism
Some musings about late-stage capitalism and what it might take to fix it.
Topics: Banana republic, Free markets and their discontents, Guest Post, Income disparity, Politics, Regulations and regulators
Posted by Yves Smith at 4:07 am | 34 Comments »
2:00PM Water Cooler 12/15/2020
~ Today’s Water Cooler ~
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 236 Comments »
John le Carré Was a 21st Century Writer
Le Carré as a subversive anti-imperialist.
Topics: Guest Post, Politics, Russia, Social values, UK
Posted by Yves Smith at 9:55 am | 46 Comments »
Links 12/15/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 164 Comments »
City of London Frets About Life After 2020
The City’s vast financial services sector benefited hugely from the creation of the euro. Now, a large part of that business is at risk.
Topics: Banking industry, Brexit, Derivatives, Europe
Posted by Nick Corbishley at 6:31 am | 20 Comments »