Rather than confine themselves to operating systems and PC software like they did in the 1980s and 1990s, the tech industry has figured out that the real money lies in being a middleman.
Recent Items
Wednesday, October 1, 2025
Four Industries Big Tech Has Ruined
Topics: Guest Post, Social values, Surveillance state, The destruction of the middle class
Posted by Lambert Strether at 6:45 am | 106 Comments »
The Roots of Health Inequality and the Value of Intra-Family Expertise
Having doctors in the family is good for your healh. Who’d have thunk it?
Topics: Guest Post, Health care, Income disparity, The destruction of the middle class, The dismal science
Posted by Yves Smith at 1:11 am | 19 Comments »
CalPERS Admits It Is Nowhere on Its New Private Scheme After More Than Two Years
Why CalPERS’ private equity “new business model” dithering is looking an awful lot like Brexit.
Topics: Brexit, CalPERS, Doomsday scenarios, Investment management, Media watch, Private equity
Posted by Yves Smith at 7:55 am | 20 Comments »
Links 5/12/19
Topics: Links
Posted by Lambert Strether at 6:55 am | 224 Comments »
Joe Biden Looks to Revive Obama’s Climate Plan. Scientists Say That’s Not Good Enough
The former vice president’s proposal is anchored in resetting the clock to 2016
Topics: Environment, Politics
Posted by Lambert Strether at 6:45 am | 44 Comments »
Links 5/11/19
Topics: Guest Post, Links
Posted by Jerri-Lynn Scofield at 6:55 am | 125 Comments »
As Oregon Sends Jordan Cove LNG Back to Drawing Board, Gulf Coast Projects Press Forward
Oregon state regulators dealt a blow to the proposed Jordan Cove Liquefied Natural Gas (LNG) project, refusing to issue a state water quality certificate, delaying the project; meanwhile, Gulf Coast projects proceed.
Topics: Energy markets, Environment, Global warming, Guest Post, Politics, Regulations and regulators
Posted by Jerri-Lynn Scofield at 4:25 am | 7 Comments »
Politicization of Sports and Sportization of Politics: A Global Dangerous Trend
Why the convergence of sports and political behaviors is bad for each.
Topics: Guest Post, Income disparity, Politics, Social values
Posted by Yves Smith at 3:23 am | 38 Comments »
2:00PM Water Cooler 5/10/2019
Today’s Water Cooler: China trade negotiations, Biden, Gravel, Trump, Steele report, impeachment, GA passes fetal personhood, helium, trade and shipping, Boeing, Uber IPO, Amazon, DIsney, food, animal waste, Bezos space stations, cats
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 143 Comments »
Why Charter School Proponents Have Lost Many of the Democrats Who Once Supported Them
Why some liberals are coling on charter schools.
Topics: Free markets and their discontents, Guest Post, Politics, Privatization, Regulations and regulators
Posted by Yves Smith at 9:55 am | 17 Comments »
Links 5/10/19
Topics: Links
Posted by Yves Smith at 6:55 am | 130 Comments »
Gabriel, R.I.P.
My good friend Gabriel is gone.
Topics: Notices
Posted by Yves Smith at 5:44 am | 131 Comments »
Why You Should Back the Sanders/AOC Plan to Cap Credit Card Interest Rates at 15%, Re-Launch the Postal Savings Bank
A new bill by Bernie Sanders and Alexandria Ocasio-Cortez seeks to limit credit abuses and make banking more accessible.
Topics: Banana republic, Banking industry, Credit cards, Credit markets, Free markets and their discontents, Income disparity, Payment system, Politics, Regulations and regulators, The destruction of the middle class
Posted by Yves Smith at 5:42 am | 32 Comments »
The Shale Boom Is About To Go Bust
Have more aggressive shale development techniques simply front-loaded production?
Topics: Energy markets, Guest Post
Posted by Yves Smith at 3:22 am | 39 Comments »
2:00PM Water Cooler 5/9/2019
Today’s Water Cooler: China trade negotiations, Biden, Buttigieg, O’Rourke, Sanders and AOC, Trump fundraising, Warren on opioids (yay), impeachment, trade, jobless claims, prices, Amazon, Boeing, fossil fuel subsidies, rivers, MMT, airpods, cheeseburgers, obesity, Ani DiFranco
Topics: Water Cooler
Posted by Lambert Strether at 2:00 pm | 120 Comments »