A high level, if flawed, critique of democracy American style.
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Thursday, July 3, 2025
Why Capitalism Is in Constant Conflict With Democracy
Topics: Banana republic, Free markets and their discontents, Guest Post, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 2:52 am | 31 Comments »
2:00PM Water Cooler 8/7/2020
Covid in TN, NC, AL, AL, and IL ~ Party on ~ School reopening ~ Biden’s foreign policy team ~ Biden’s Republican Hispanic whisperer ~ Biden’s Corvette ~ A second Civil War ~ Employment situation ~ Adam Tooze ~ Hydroxychloroquine ~ Covid, sleep, and music ~ “Officer-involved shooting” deprecated
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 139 Comments »
Patrick Cockburn: War and Pandemic Journalism
On the political forces that lead governments to minimize pandemic risks and costs and cheerlead faint signs of hope.
Topics: Doomsday scenarios, Guest Post, Health care, Media watch, Pandemic, Politics, Social policy
Posted by Yves Smith at 9:55 am | 15 Comments »
Links 8/7/2020
Topics: Links
Posted by Lambert Strether at 6:55 am | 195 Comments »
Crapification, Vanguard Style: Customer Service Rep Bullies Your Humble Blogger into Taking Security Risk
Vanguard behaves very badly.
Topics: Investment management, Risk and risk management, Technology and innovation
Posted by Yves Smith at 6:46 am | 65 Comments »
Stimulus Talks on Verge of Failure as Both Sides Trade Blame
No news on the stimulus front is very very bad news.
Topics: Banana republic, Doomsday scenarios, Economic fundamentals, Income disparity, Macroeconomic policy, Pandemic, Politics, The destruction of the middle class
Posted by Yves Smith at 6:41 am | 82 Comments »
Why Taiwan Is at the Heart of a Geopolitical Struggle to Produce Cutting-Edge Computer Chips
Why Taiwan could serve as a prototype for a tech proxy war.
Topics: China, Doomsday scenarios, Economic fundamentals, Globalization, Guest Post, Politics, Technology and innovation
Posted by Yves Smith at 5:30 am | 25 Comments »
2:00PM Water Cooler 8/6/2020
COVID round the world and in US regions ~ Party on! ~ Biden Corvette ad (good) ~ Biden fundraising, ad spend ~ Jamaal Bowman lets the cat out of the bag ~ Employment, rail, household debt ~ Southwest ~ Chickens and teargas ~ Abolishing race ~ Employment in DC vs. New York ~ Sid!
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 153 Comments »
Peter Kuznick: Why Did Americans Accept Barbaric Slaughter of Japanese Civilians?
In 1939, Roosevelt decried targeting civilians as “inhuman barbarism”. In 1945, the U.S. firebombed Japanese cities and dropped nuclear bombs.
Topics: China, Doomsday scenarios, Guest Post, Japan
Posted by Yves Smith at 9:55 am | 90 Comments »
Links 8/6/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 255 Comments »
CalPERS Chief Investment Officer Ben Meng Resigns Following Our Exposing His False, Felonious Financial Disclosure Filings and Private Equity Conflicts of Interest
CalPERS Chief Investment Officer Ben Meng has left abruptly. If you’ve been paying attention, this isn’t a total surprise.
Topics: Banana republic, CalPERS, Corporate governance, Investment management, Legal, Politics, Private equity, Ridiculously obvious scams
Posted by Yves Smith at 5:35 am | 82 Comments »
Mass Gatherings Contributed to Early COVID-19 Mortality: Evidence from US Sports
A clever and disconcerting analysis shows how much big indoor gatherings boosted Covid-19 deaths.
Topics: Doomsday scenarios, Guest Post, Health care, Pandemic
Posted by Yves Smith at 5:24 am | 16 Comments »
Why International Financial Regulation Still Falls Short
Financial regulators still don’t like to tame bubbles even after seeing how costly it is when they go boom. Shame, that.
Topics: Banking industry, Credit markets, Doomsday scenarios, Economic fundamentals, Federal Reserve, Free markets and their discontents, Guest Post, Politics, Regulations and regulators
Posted by Yves Smith at 5:08 am | 7 Comments »
2:00PM Water Cooler 8/5/2020
COVID up-and-comers, swing states ~ Biden blows a gasket on cognitive testing question ~ Biden foreign policy ~ Allan Lichtman of keys fame predicts Trump loss ~ Cori Bush victory in Missouri ~ Employment, services, trade ~ Immunology ~ “The Science” ~ The Louvin Brothers ~ Adam Tooze
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 196 Comments »
International Trade Has Cost Americans Millions of Jobs. Investing in Communities Might Offset Those Losses
After too many years of “Let them eat training,” a more practical answer to trade-induced job losses.
Topics: China, Free markets and their discontents, Globalization, Guest Post, Income disparity, Social policy, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 36 Comments »