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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
Posted in neofeudalism, neoliberals
Tagged Alan Greenspan, An Economic Theory of the Criminal Law, animal spirits, Ayn Rand, banana republic, Democrats, Education/Industrial/Complex, flaw in the model, John Maynard Keynes, looting, magical belief system, military industrial complex, mortgage-securitization process, Naked Capitalism, neoliberalism, neoliberals, not a bug but a feature, Republicans, Richard Posner, student-loan-securitization process, Yves Smith
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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
Posted in neofeudalism, neoliberals
Tagged A Brief History of Neoliberalism, Chicago Boys, concentration, Dr. Dao, Flight to Serfdom, Fly the Friendly Sky's, Friedrich Hayek, mergers and acquisitions, Naked Capitalism, neoliberal economic policies, neoliberalism, oligopoly, public relations, Road to Serfdom, United Airlines, University of Chicago, Yves Smith
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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
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
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
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
Posted in Uncategorized
Tagged Akerlof and Romer, censorship, empire, greedy/ideology, Kansas, Karl Rove, looting, Matt Stoller, Naked Capitalism, propaganda, Thomas Frank, Tom Engelhardt, Yves Smith
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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
Posted in Uncategorized
Tagged class warfare, inequality, John Lennon, karl marx, marxism, Naked Capitalism, neoliberalism, Yves Smith
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