Michael Hudson: Forgiveness, Foreclosure, & Christianity
Michael Hudson reprises a favorite theme of how the salutary practice of debt forgiveness came to an end under Greco-Roman oligarchs
Read more...Author Archives: Yves Smith
Former Ambassador Chas Freeman: Possible Disintegration of Civilian Government at Year End
Chas Freeman sends a sobering warning.
Read more...The Rate Cuts Powell Dangled in Front of Markets May Slam into Inflationary Fiscal & Economic Policies of Whoever Is in the White House Next Year
Are both parties set to continue stimulative fiscal policy, leaving Powell or a successor to reapply the monetary policy brake?
Read more...A Stern Note to Readers
While we encourage well-informed, well-argued, and sometimes energetic discussions, rancor is another matter. Yesterday, a long thread on Lambert’s post on the RFK, Jr. speech where RFK, Jr. excoriated the contemporary Democratic party and endorsed Trump too often descended into advocacy and bile. Several times in the past I have had to shut off comments […]
Read more...Beyond Leviathan: What Is the State & the Challenge To Transcend It?
István Mészáros’ “Beyond Leviathan” described origins of the state, its evolution, the need to move beyond it and how to meet that challenge
Read more...Links 8/24/2024
Kamala’s Failed Opportunity
In her DNC speech, Kamala Harris embraced Republican language on the economy. So how deep does her purported progressivism run?
Read more...Gift Card Scams Generate Billions for Fraudsters and Industry as Regulators Fail to Protect Consumers − How One Fell into the ‘Fear Bubble’
Remarkable detail of how a gift card scammer successfully worked a mark, even with a bank and police trying to intervene.
Read more...The Death of the Engineer CEO: Evidence that Short-Termism and Financialization Had Become Ascendant
A look at how some turning points in the history of Corporate America, such as CEO changes of guard, explain how America hollowed itself out.
Read more...Patient Underwent One Surgery but Was Billed for Two. Even After Being Sued, She Refused To Pay
A patient stares down a fabricated surgery charge. But what does it say about the prevalence of billing fraud that this matter went to court?
Read more...The DNC Fiddles While the World Burns
The party convention demonstrates how dangerously disconnected the DNC is about our disastrous strategies in Ukraine and the Middle East.
Read more...Who Invented Syntax?
So how did language, and specifically syntax, develop?
Read more...“No One Has a Right to Limited Liability”
Limited liability has come to cover for not just incompetent but also criminal conduct. But what to do?
Read more...Links 8/21/2024
Can Plastic Waste Be Transformed Into Food for Humans?
Using bacteria to take a bite out of plastic pollution is not new. But can the same microbes be used as a food source?
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