Tag Archives: Yves Smith

A Flaw in the Model

  The election of Donald Trump was due, in no small part, to the abject corruption of our elite. In my last post, I examined An Economic Theory of the Criminal Law, where 7th Circuit Judge Richard Posner states that the poor require … Continue reading

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The Flight to Serfdom

  Neoliberal economist Friedrich Hayek wrote  The Road to Serfdom, in 1944, where he warned of totalitarian governments terrorizing their citizens. Hayek’s dystopian vision is upon us, only instead of totalitarian governments it’s all-powerful corporations like United Airlines that we … Continue reading

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Taking the Risk Out of Democracy

Ever wonder why corporations spend billions on business friendly propaganda each and every year? Because it works, that’s why. Corporate propaganda has succeeded in convincing a majority of Americans that their interests lie with corporations–the business of America is business–and … Continue reading

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Stupid Rich

“They were careless people, Tom and Daisy—they smashed up things and creatures and then retreated back into their money or their vast carelessness, or whatever it was that kept them together, and let other people clean up the mess they … Continue reading

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Godzilla vs Mothra

With  the dearth of investigative journalism and embrace of entertainment as news by our corporate press, sometimes the only way we learn about the important events shaping our world is when there is a dust up among our elite. Right … Continue reading

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Greedy/Ideology

“We’re an empire now, and when we act, we create our own reality. And while you’re studying that reality—judiciously, as you will—we’ll act again, creating other new realities, which you can study too, and that’s how things will sort out. … Continue reading

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Coming Out of the Closet

I have decided to come out of the closet and live my life free from shame. Nope, not gay, if that’s what you were thinking. Not that there’s anything wrong with that sort of thing. No, my closet consists of … Continue reading

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