The Neoliberal turn of late capitalism [1] rules our world. Quinn Slobodian has become the voice of our time in explaining how this has happened and why. In Globalists The End of Empire and the Birth of Neoliberalism (2020), he described, among other things, how the Liberals of Central Europe who became Neoliberals were most […]
Recent Items
Wednesday, November 19, 2025
Hayek’s Bastards and the Rise of Neoliberalism
Topics: Economic fundamentals, Free markets and their discontents, Globalization, Science and the scientific method, Social policy, Social values
Posted by KLG at 6:50 am | 31 Comments »
Yanis Varoufakis: Who Needs Marx in 2025?
To free ourselves from our technofeudal overlords, we must think like Karl Marx.
Topics: Economic fundamentals, Free markets and their discontents, Guest Post, Income disparity, Politics, The destruction of the middle class, The dismal science
Posted by Yves Smith at 5:55 am | 62 Comments »
Dutch Industry Buckles Under Energy Transition and Global Pressure
High energy costs in Europe, largely due to sanctions against Russia, has spread the gangrene of de-industrialization to the Netherlands
Topics: Doomsday scenarios, Economic fundamentals, Energy markets, Environment, Europe, Global warming, Guest Post, Politics
Posted by Yves Smith at 5:52 am | 12 Comments »
Coffee Break: Armed Madhouse – AI Goes to War
A compact comprehensive discussion of the present state and future prospects of AI technologies applied to armed conflict is an impossible mission, but I will undertake it here. What gives me encouragement is the great difficulty of prognostication regarding AI. I believe AI will be the most profound transformation of human affairs in the history […]
Topics: Coffee Break
Posted by Haig Hovaness at 2:00 pm | 41 Comments »
Insurers Dump Catastrophe Risk of Climate Change and Earthquake to Chump Bond Investors. What Could Go Wrong?
Garden variety investors, including retail, are signing up to insure climate change and other disaster risk via catastrophe bonds.
Topics: Credit markets, Doomsday scenarios, Environment, Global warming, Investment management, Ridiculously obvious scams, Risk and risk management
Posted by Yves Smith at 9:57 am | 10 Comments »
Links 7/15/2025
Topics: Links
Posted by Yves Smith at 6:55 am | 155 Comments »
What Birmingham’s Towering Trash Heaps Say About Starmer’s Britain
In the land that gave us Margaret Thatcher’s “there is no alternative” and “there’s no such thing as society”, the provision of even the most basic public services is becoming a problem.
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 7 Comments »
U.S. Political System Is Bought, Not Broken. A New Party Won’t Fix the Basic Problem.
Real reform in American politics won’t come new parties — but from breaking investors’ grip and rebuilding power from the ground up.
Topics: Guest Post, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 5:00 am | 18 Comments »
Message to Trump: Incompetence Is Not Virtue. Also, People Will Die
The main and possibly only qualification for Trump’s top appointees is the ability to tell blatant lies with a straight face.
Topics: Corporate governance, Guest Post, Politics, Social policy, Social values
Posted by Yves Smith at 2:03 am | 45 Comments »
Coffee Break: Texas Floods, Biblical Divorce Complicate US Senate Primary
Texas floods, Biblical divorce complicate US Senate race for Ken Paxton as Democrats search for a candidate.
Topics: Coffee Break, Politics
Posted by Nat Wilson Turner at 2:00 pm | 27 Comments »
Possible Kraft Heinz Breakup: A Buffett Investment Failure, Thanks to Healthier Tastes Among the Better Off and Need for Better Bargains for the Rest
A badly under-perfoming merger, Kraft and Heinz, is set to be reversed. Did that deal undermine the giants adapting to changing tastes?
Topics: Economic fundamentals, Income disparity, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 18 Comments »
Links 7/14/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 111 Comments »
What Does the US’ Increasing Emulation of Israel Augur for the Country’s Future?
As cooperation in the killing fields of Gaza continues, the genocidal ideology comes home. What is the way out of this madness?
Topics: Doomsday scenarios, Free markets and their discontents, Income disparity, Market inefficiencies, Middle East, Politics, Social policy, Social values, Surveillance state, Technology and innovation, The destruction of the middle class
Posted by Conor Gallagher at 6:00 am | 45 Comments »
FEMA’s Flood Maps Often Miss Dangerous Flash Flood Risks, Leaving Homeowners Unprepared
Even where FEMA identifies a flood risk, the overreliance on historical data and political influence leads to maps that don’t fully represent true risk.
Topics: Environment, Global warming, Regulations and regulators, Science and the scientific method
Posted by Conor Gallagher at 5:00 am | 9 Comments »
“Europe Won’t Need Russian Gas in the Future”
Europe celebrates its economic suicide by continuing down the path of achieving independence from cheap Russian gas.
Topics: Dubious statistics, Economic fundamentals, Energy markets, Europe, Guest Post, Politics, Russia
Posted by Yves Smith at 3:54 am | 30 Comments »


