The Sackler family and PurduePharma profited from opioid-related “suffering and death,” NYC AG Letitia James charges. White collar criminologist and law professor Bill Black weighs in.
Recent Items
Wednesday, August 20, 2025
New York Sues Big Pharma for Opioid Crisis
Topics: Banana republic, Free markets and their discontents, Health care, Income disparity, Legal, Politics, Regulations and regulators, Social values, The destruction of the middle class
Posted by Yves Smith at 3:54 am | 24 Comments »
3 Questions That ‘Created Havoc’ in Betsy DeVos’ Department of Education
Betty DeVos has trouble answering questions on charter school fraud. Quelle surprise!
Topics: Free markets and their discontents, Guest Post, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 2:07 am | 48 Comments »
2:00PM Water Cooler 4/5/2019
Today’s Water Cooler: China trade, Biden, Buttigieg, Gravel, Sanders, Swalwell, Trump, Warren, Iowa DSA, ALEC, RussiaGate, Ray Dario on revolution, employment situation, Boeing, 5G, natural gas, the oceans, backyard chickens, Tibetan musical notation
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 134 Comments »
Belief in Meritocracy Is Not Only False, It’s Bad for You
Meritocracy is a dubious ideology, save for supporting the status quo.
Topics: Free markets and their discontents, Guest Post, Income disparity, Social values, The dismal science
Posted by Yves Smith at 9:55 am | 91 Comments »
Links 4/5/19
Topics: Links
Posted by Yves Smith at 6:55 am | 186 Comments »
The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: A New “Reality Economics” Curriculum Is Needed (Part 4)
How mainstream economics ignores the lessons from antiquity on the destructiveness of oligachies, and how early industrialists and business schools promoted anti-rentier, socialit policies.
Topics: Banana republic, Banking industry, Credit markets, Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Politics, Social policy, Social values, The destruction of the middle class, The dismal science
Posted by Yves Smith at 6:00 am | 47 Comments »
The Biggest Problem in the War on Cash
Banks and retailers are running into strong political opposition to restricting the use of cash.
Topics: Banking industry, Guest Post, Payment system, Technology and innovation
Posted by Yves Smith at 3:56 am | 93 Comments »
Put Bernie Sanders’ Face on Those Joe Biden Photos, Then Imagine What Party Leaders Would Be Saying
Another cut on #MeToo’s hypocisy with respect to Biden.
Topics: Guest Post, Politics, Social values
Posted by Yves Smith at 2:09 am | 89 Comments »
2:00PM Water Cooler 4/4/2019
Today’s Water Cooler: Biden, Buttigieg, Gravel, Ryan (new),O’Rourke and gentrification, Sanders, AOC, DCCC, Crosscheck, DSA in Chicago, employment situation, Tesla, robot cars, Boeing 737 MAX, global CO2 emissions, Green New Deal, pollinator-friendly solar projects, science and the slave trade, machine tools
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 190 Comments »
The Media Endlessly Talks About Interest Rates—Are They Even an Effective Economic Tool at This Point?
Interest rates are a poor substitute for fiscal spending and as we’ve seen, over-reliance on monetary policy produces speculative booms and busts. More and more people recognize this formula isn’t working, but what will it take to change course?
Topics: Banana republic, Banking industry, Credit markets, Economic fundamentals, Federal Reserve, Free markets and their discontents, Guest Post, Macroeconomic policy, Politics, The dismal science
Posted by Yves Smith at 9:55 am | 30 Comments »
Links 4/4/19
Topics: Links
Posted by Yves Smith at 6:55 am | 160 Comments »
The Delphic Oracle Was Their Davos: A Four-Part Interview With Michael Hudson: The Inherent Financial Instability in Western Civilization’s DNA (Part 3)
By John Siman, who is also the author of Part 1 and Part 2 in this series John Siman: It seems that unless there’s a Hammurabi-style “divine king” or some elected civic regulatory authority, oligarchies will arise and exploit their societies as much as they can, while trying to prevent the victimized economy from defending […]
Topics: Banana republic, Credit markets, Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Politics, Social policy, Social values
Posted by Yves Smith at 6:10 am | 28 Comments »
Brexit: Shambles
More Brexit faffing about when that’s the last thing the UK can afford.
Topics: Brexit, Doomsday scenarios, Europe, Media watch, Politics, UK
Posted by Yves Smith at 5:58 am | 91 Comments »
As GOP Deploys ‘Nuclear Option’, New Reports Detail Damage Done By Trump’s Far-Right Takeover of Judiciary
In just under two years on the bench, Trump’s narrow-minded elitist judges have already harmed workers, consumers, voters, immigrants, reproductive rights, and many more.
Topics: Free markets and their discontents, Guest Post, Income disparity, Legal, Politics, The destruction of the middle class
Posted by Yves Smith at 2:56 am | 21 Comments »
Confirming Upcoming Meetups: Washington, Friday April 12; Boston, Thurs April 25; Milwaukee Wed May 1; Minneapolis Thurs May 2
Providing details for upcoming meetups. See you soon!
Topics: Notices
Posted by Yves Smith at 12:52 am | 3 Comments »