The Curse of the Household Analogy
It can’t be said too often: national government spending is not like household spending, and acting as if it is is damaging.
Read more...Author Archives: Yves Smith
Building a Movement for Social Justice in the Time of Trump
Unlike many who are upset about Trump’s win, Liz Theoharis and William Hartung focus building a broad-based opposition with policy goals
Read more...More Kentucky Dirty Dealings: Attorney General Schemes to Leave Hundreds of Millions in Pension Recovery on the Table, Give Sweetheart Payout to Attorneys, To Settle Claims Against Private Equity Kingpins KKR and Blackstone, Including Ones by Plaintiffs the AG Does Not Represent
A new legal low: the Kentucky Attorney General wants to gift the pension fund’s money to KKR and Blackstone to settle claims against them.
Read more...Rob Urie: On Being Censored for the Last Four Years
Rob Urie provides damning details about the extent and nature of the censorship he has suffered. Please read and circulate widely.
Read more...Introduction: ‘To Govern The Globe’
Tom Neuburger presents Alfred McCoy’s book, To Govern the Globe, and his concept of world orders.
Read more...How ‘Dupes’, Fast Fashion and China’s Economic Slowdown Spell Disaster for the Luxury Sector
The luxury goods market is in bad shape, an indicator of how the moderately well off and “aspirational” shoppers are under income stress.
Read more...How Far Will Trump Get With Shock and Awe?
Some of Trump’s first day initiatives will run into a buzz saw of legal opposition, but others on the economic warfare front seem to pack a punch.
Read more...Links 1/22/2025
Knowing Less About AI Makes People More Open to Having It in Their Lives – New Research
A study on receptivity to AI use sadly skips over some fundamental questions.
Read more...Close to 30 Million Americans Face Limited Water Supplies, Government Report Finds
Struggles over water use and cost are set to intensify as usage outstrips supplies.
Read more...How Los Angeles Can Fireproof Communities, Not Just Houses
Ideas about how to reduce fire risk in Los Angeles do not appear to go far enough.
Read more...Links 1/21/2025
Four Lawsuits Targeting DOGE Filed Immediately After Trump Swearing In Demand Compliance with FACA, Other Laws
DOGE is dodgy! Who’d have thunk it? Four fast-off-the-block filings seek to bring it to heel.
Read more...How Trump 2.0 Could Herald a New Age of Authoritarian Capitalism
To discuss: “Trump’s weaponisation of US power poses a threat to peace, prosperity and the planet.”
Read more...The Next Unwind of Social Guarantees: Home and Medical Insurance
A Wall Street Journal column suggests that elite conventional wisdom favors more gutting of medical and home insurance as unduly “socialized”
Read more...