Climate Injustice at Glasgow Cop-Out
How the largely optical, pro-business gestures at addressing climate change were an affront to developing countries.
Read more...Category Archives: Moral hazard
McKinsey, the Force Multiplier for the Opioid Crisis, Goes All in With Anti-Public-Health Messaging on Covid
This is Naked Capitalism fundraising week. 612 donors have already invested in our efforts to combat corruption and predatory conduct, particularly in the financial realm. Please join us and participate via our donation page, which shows how to give via check, credit card, debit card, or PayPal. Read about why we’re doing this fundraiser,, what […]
Read more...Biden Must Call Off the B-52s Bombing Afghan Cities
The US is really bad at losing, as our (literal) parting shots at Afghan cities shows.
Read more...US History Shows Spending on Infrastructure Doesn’t Always End Well
Despite promoters’ claims, infrastructure projects often aren’t great public successes.
Read more...The Disturbing Rise of the Corporate Mercenaries
Now that Congress is showing interest in taking back its control of war powers, it could look at stealh warmaking via mercenaries too.
Read more...The Moral Hazard of Limited Liability
Some concrete ideas for how to pin the tail of the limited liability donkey back on key insiders, and make regulators accountable.
Read more...The Icepick Surgeon: Tales of Scientists Gone Rogue (or Worse)
Author Sam Kean follows the long trail of amoral scientists, and their justifications.
Read more...Quelle Surprise! New Study Confirms that Public Pension Funds Use Flattering Benchmarks to Hide Failure to Beat Simple Indexing; CalPERS Is a Case Study
Documenting yet another way public pensions funds lie to themselves and their many constituencies about their performance.
Read more...Robinhood’s Revealing Ad Pitch: We’re All Investors, Alone
The latest Robinhood campaign is more raspberry than rah rah.
Read more...Bill Black: The Best Way to Rob a Bank Is to Own One (Part 1/9)
Bill Black traces the history of modern American financial fraud starting in this episode with the S&L Banking scandal.
Read more...Michael Hudson: Plato, Aristophanes and Aristotle on Money-Lust, 399-380 BC
While Plato, following Socrates, saw money as leading to hubris, Greek philosophers didn’t care much for working men either.
Read more...What is the Bullshit Economy?
Establishing some first principles of the bullshit economy.
Read more...Guantánamo Prisoner to Joe Biden: ‘The Last Two Decades of My Life Have Been a Nightmare Without End’
Guantánamo is a daming example of American lack of concern over the lives it casually ruins.
Read more...Wolf Richter: Who Holds the $1.65 Trillion of Apartment Building Debt amid Eviction Bans and Plunging Occupancy Rates at High Rises?
How much apartment building debt is there, and who holds it?
Read more...Big Banks Grow Bigger and Smaller Banks Disappear, As Mergers Return to Crisis-Hit Eurozone
A fresh wave of bank failures and mergers are set to trigger a new round of consolidation of the Eurozone’s banking system
Read more...