America’s police started out as muscle deployed against labor organizers.
Recent Items
Saturday, July 12, 2025
The Police Weren’t Created to ‘Protect and Serve.’ They Were Created to ‘Maintain Order.’ A Brief Look at the History of Police in America
Topics: Banana republic, Free markets and their discontents, Guest Post, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 12:05 am | 46 Comments »
2:00PM Water Cooler 6/18/2020
Global COVID-19 stats ~ Biden delivers speech successfully ~ Sanders influence tested ~ Trump’s plans for Tulsa ~ Supreme Court DACA decision ~ Karens re-considered ~ Employment, manufacturing ~ Casinos going cashless ~ Zombie companies ~ Asymptomatic COVID ~ Imperial cats
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 112 Comments »
Italy Once Again on the Eurozone Worry List
A new tsunami of bad debts washes ashore in Italy while banks are still struggling with the debris from the prior deluge of bad debts.
Topics: Banking industry, Doomsday scenarios, Economic fundamentals, Europe, Guest Post, Pandemic
Posted by Yves Smith at 9:55 am | 12 Comments »
Links 6/18/2020
Topics: Links
Posted by Yves Smith at 6:58 am | 156 Comments »
8 Reasons Why Covid-19 Damage to the Economy Will Be Deep and Lasting
Why the economy is still mighty sick and won’t get much better any time soon.
Topics: Doomsday scenarios, Dubious statistics, Economic fundamentals, Investment outlook, Macroeconomic policy, Pandemic
Posted by Yves Smith at 6:56 am | 91 Comments »
More on Frank Partnoy’s Misguided Take on Collateralized Loan Obligations
No, collateralized loan obligations are not about to wipe out banks, and Frank Partnoy should have focused on real risks, like destruction of productive capacity.
Topics: Banking industry, Credit markets, Derivatives, Doomsday scenarios, ECONNED, Pandemic
Posted by Yves Smith at 6:53 am | 13 Comments »
Meritocracy Legitimizes, Deepens Inequality
Why meritocracy ain’t what it’s cracked up to be.
Topics: Guest Post, Income disparity, Social policy
Posted by Yves Smith at 4:40 am | 65 Comments »
2:00PM Water Cooler 6/17/2020
COVID-19 in Florida ~ 2020 electoral map ~ Biden and Hispanic voters ~ Trump in Tulsa ~ Amy McGrath ~ Woke insurance ~ Warehouse demand ~ Restaurant cash crunch ~ Container collapse ~ Stranded crews ~ COVID-19 vaccine ~ Microbiome of the nose ~ Black Lives Matter leaderless ~ The Third Precinct ~ Ruth Wilson Gilmore ~ The Death Star ~ Feral hogs
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 120 Comments »
Reviving the Economy, Creating the ‘New Normal’
Covid-19 rescues will reshape the economy, as we see in the US, with fat cats getting fatter. Will other countires make sounder choices?
Topics: Banana republic, Doomsday scenarios, Economic fundamentals, Free markets and their discontents, Globalization, Guest Post, Income disparity, Pandemic, Politics, The destruction of the middle class
Posted by Yves Smith at 9:55 am | 26 Comments »
Links 6/17/2020
Topics: Links
Posted by Lambert Strether at 6:58 am | 166 Comments »
Automation, Globalisation, and Vanishing Jobs
A new take on how automation and offshoring affect employment.
Topics: Economic fundamentals, Globalization, Guest Post, Income disparity, Technology and innovation, The destruction of the middle class, The dismal science
Posted by Yves Smith at 6:29 am | 36 Comments »
Restaurants Face Major Obstacles to Reopening
A recap of why restaurants will have a tough time regaining their footing.
Topics: Doomsday scenarios, Economic fundamentals, Pandemic
Posted by Yves Smith at 5:40 am | 49 Comments »
How the Disappearance of Union Jobs Obliterated an Emergent Black Middle Class
How union support boosted black economic and social progress.
Topics: Free markets and their discontents, Guest Post, Income disparity, Politics, The destruction of the middle class
Posted by Yves Smith at 2:20 am | 23 Comments »
2:00PM Water Cooler 6/16/2020
COVID-19 by regions (plus New York) ~ Biden veepstakes (Abrams, Bottoms, Demings, Harris, (Susan) Rice, Warren) ~ Chait gets something partially right ~ Retail, manufacturing, debt ~ PG&E “mass killing” ~ Dexamethasone ~ Masks ~ Albuquerque shooting ~ Case-Deaton on COVID ~ Git
Topics: Guest Post, Water Cooler
Posted by Lambert Strether at 2:00 pm | 176 Comments »
No, We Don’t Need to Place Our Faith in Downloading Some Untested, Privacy-Infringing App as the Only Possible COVID-19 Slayer; Why Don’t We Look to Places that Have Successfully Limited Disease Spread and Copy Their Policies?
Ars Technica clutches pearls at poll showing decline in those willing to download privacy-infringing app to stymie spread of COVID-19.
Topics: China, Doomsday scenarios, Guest Post, India, Pandemic, Surveillance state
Posted by Jerri-Lynn Scofield at 9:55 am | 37 Comments »