BRICS Considers Mutual Settlements Similar to the Early EU
Finally, a comparatively modest BRICS-escape-the-dollar proposal that makes sense.
Read more...Author Archives: Yves Smith
The Persistent Human Costs of Deindustrialization: Lessons from the Collapse of the British Coal Industry
Deindustrialization has terrible consequences to the communities suffering from shut-downs, including future generations.
Read more...Naked Capitalism Fundraiser 2024: Your Sanity Guide as Leaders Live Dangerously
Off to the fundraiser races! Please remember that Naked Capitalism is a unique and valuable site and support us generously!
Read more...Fundraiser 2024: What We Did for You in the Past Year
2024 asked a lot of us and we delivered! Can you dig deep to support our work so we can do even more you in the upcoming year?
Read more...Biden, Harris, and the Brutal Truth of Dead Hostages in Gaza
A reminder of how Biden and Harris are complicit in the continuation of the war in Gaza and escalation in the West Bank.
Read more...Links 9/4/2024
Wall Street Journal Tries to Analyze Not-Great Data on US Immigration, Generating Reader Pushback
An attempt by the Wall Street Journal to mine data on immigration falls short by not providing strong enough caveats.
Read more...Bloodletting in Semiconductor Stocks Kicks Off September: Nvidia -11.7% Regular & Late Trading, Stock Market Cap Drops by Half a Tesla
The Nasdaq Composite dropped 3.3% yesterday. If the tech stock index declines another 6.7%, it’ll be back to November 2021.
Read more...Who Are the Global Super-Rich of Tomorrow? We Interviewed Teens at One of the World’s Most Expensive Schools to Find Out
Gee, even super-rich kids have trouble deciding what they want to be when they grow up.
Read more...Links 9/3/2024
Naked Capitalism’s Skunk Party Manifesto Finds a Home in the New Kentucky Party
The Skunk Party Manifesto explained how the best political system money can buy is great for its customers and lousy for the rest of us
Read more...This Labor Day, Working Families’ Earned Social Security Benefits Are at Risk
A reminder that it would not be hard to “save” and even expand Social Security, save the reluctance to tax the rich a smidge more.
Read more...Michael Hudson: Debt, Economic Collapse and the Ancient World
Robinson Erhardt conducts a wide-ranging discussion of Michael Hudson’s work, including the social cost of debt bondage and rentierism
Read more...Links 8/31/2024
The Problem with AI
Why AI is likely to have more limited use than boosters anticipate, particularly in replacing professionals like teachers and accountants.
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