Western modernity and capitalism may be exhausting themselves, says author Eugene McCarraher. And that’s something to be thankful for.
Recent Items
Friday, January 9, 2026
The Gospel of Capitalism is the Biggest Turkey of All
Topics: Guest Post, Social values, The destruction of the middle class, The dismal science
Posted by Yves Smith at 12:47 am | Comments Off on The Gospel of Capitalism is the Biggest Turkey of All
Links 11/26/2020
Topics: Guest Post, Links
Posted by Lambert Strether at 6:55 am | Comments Off on Links 11/26/2020
The Forgotten Thanksgiving
Americans tend to downplay the grim year that preceded the first Thanksgiving.
Topics: Curiousities
Posted by Yves Smith at 5:37 am | Comments Off on The Forgotten Thanksgiving
Nathan Tankus: What the Hell is Going On With CARES Act “Funds”?
Trying to make sense of CARES Act gimmickry.
Topics: Banana republic, Credit markets, Federal Reserve, Guest Post, Macroeconomic policy, Pandemic, Politics
Posted by Yves Smith at 2:24 am | Comments Off on Nathan Tankus: What the Hell is Going On With CARES Act “Funds”?
2:00PM Water Cooler 11/25/2020
~ Today’s Water Cooler ~!
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 124 Comments »
Oxford-AstraZeneca Vaccine Is Cheaper than Pfizer’s and Moderna’s and Doesn’t Require Supercold Temperature
Some promising news about the Oxford-AstraZeneca vaccine.
Topics: Guest Post, Health care, Pandemic, Science and the scientific method
Posted by Yves Smith at 9:55 am | 37 Comments »
Links 11/25/2020
Topics: Links
Posted by Lambert Strether at 6:55 am | 205 Comments »
The Coming Deadly Covid Winter
Extrapolating from well-advanced Covid developments leads to some ugly destinations.
Topics: Economic fundamentals, Free markets and their discontents, Health care, Pandemic, Politics, Real estate, Social policy, The destruction of the middle class
Posted by Yves Smith at 5:39 am | 129 Comments »
Thanksgiving Schedule and Comments Holiday
We are taking a Thanksgiving mini-break. Hope you get one too.
Topics: Notices
Posted by Yves Smith at 4:42 am | 26 Comments »
What Would a State-Owned Amazon Look Like? Ask Argentina
Amazon hasn’t done well in Latin America. Now Argentina will challenge private platforms to benefit workers, consumers and sellers.
Topics: Free markets and their discontents, Guest Post, Technology and innovation, The destruction of the middle class
Posted by Yves Smith at 1:53 am | 10 Comments »
2:00PM Water Cooler 11/24/2020
~ Covid charts show Midwest improvement ~ Democrat jouissance after GSA ascertainment ~ Diversity ~ Hunter Thompson, prophet ~ Manufacturing, housing ~ Supply chain ~ Wolves ~ Amazon organizing ~ Evictions ~ Occam’s Razor
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 125 Comments »
Saudi Aramco’s Landmark IPO Is Costing The Kingdom Billions
How the Saudi Aramco IPO has become a financial millstone.
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Guest Post, Investment management, Middle East
Posted by Yves Smith at 8:05 am | 28 Comments »
Links 11/24/2020
Topics: Links
Posted by Yves Smith at 6:55 am | 188 Comments »
To Save the Economy, Biden Must First Save Lives
More discussion of an analysis that concluded that the only way to “fix the economy” was to tackle Covid…and not hope for a vaccine bailout
Topics: Economic fundamentals, Free markets and their discontents, Guest Post, Health care, Pandemic, Politics
Posted by Yves Smith at 6:54 am | 73 Comments »
Brexit: Decisions
The Brexit trade talks illustrate that not deciding amounts to a decision.
Topics: Brexit, Doomsday scenarios, Economic fundamentals, Europe, Globalization, Politics, UK
Posted by Yves Smith at 3:00 am | 44 Comments »



