Tackling a pro-multinational development canard which looks to have made the so-called middle income trap worse.
Recent Items
Friday, July 4, 2025
How Global Value Chains, Much Hyped by Development Experts, Slowed Growth and Preserved Inequality in Middle Income Countries
Topics: Free markets and their discontents, Globalization, Guest Post, Income disparity, Politics, The destruction of the middle class, The dismal science
Posted by Yves Smith at 9:55 am | 2 Comments »
Links 7/4/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 49 Comments »
This Time It’s Official: Mexico Is Going to the BRICS Summit
It’s not just Mexico’s federal government that is calling for economic diversification away from the US but also its biggest business lobby
Topics: Guest Post
Posted by Nick Corbishley at 6:45 am | 6 Comments »
Trump’s Neo-Stalinist Pentagon Photo Purge
Controlling the future by controlling the past, here by censorship of narrative-busting photos.
Topics: Guest Post, Income disparity, Media watch, Politics, Social policy, Social values
Posted by Yves Smith at 2:12 am | 12 Comments »
Holiday Special: Dimash Sings Edith Piaf’s Hymne à l’Amour
mash, who has credibly (and often) been called the world’s best singer, does it again.
Topics: Curiousities
Posted by Yves Smith at 12:56 am | 2 Comments »
Palantir’s AI Justified Israel’s Attack on Iran — Will Tech Take Us Back to Irrational Beliefs?
Palantir’s AI justified Israel’s attack on Iran, marking a turning point where decisions are made based on algorithms we don’t understand
Topics: Coffee Break, Middle East, Technology and innovation
Posted by Curro Jimenez at 2:00 pm | 47 Comments »
Links 7/3/2025
Topics: Links
Posted by Conor Gallagher at 6:55 am | 104 Comments »
Michael Hudson: The Collapse of America’s Economic Empire
Michael Hudson, expanding on his seminal work Super Imperialism, chroniciles the rise and in-process decline of US financial hegemony.
Topics: Credit markets, Currencies, Economic fundamentals, Globalization, Guest Post, Investment management, Investment outlook, Macroeconomic policy, Politics, The destruction of the middle class
Posted by Yves Smith at 6:00 am | 45 Comments »
Trump’s Homeland Security Council Sets Its Sights on Zohran Mamdani
A window into the thuggish efforts to sabotage Zohran Mamdani bid for New York City mayor, here by the Department of Homeland Security.
Topics: Guest Post, Income disparity, Middle East, Politics, Social policy, Social values, The destruction of the middle class
Posted by Yves Smith at 2:26 am | 46 Comments »
The Plebeian Council as an Example for Modern Citizen Empowerment
How the Roman Plebeian Council used tribal allegiances to curb the power of patricians.
Topics: Guest Post, Income disparity, Politics, Social policy
Posted by Yves Smith at 12:24 am | 3 Comments »
Coffee Break: Rahm Emanuel’s Kayfabe Candidacy
Rahm Emanuel is teasing a run for President in 2028. His brother Ari, a Democratic power-broker and a Trump insider will be a problem.
Topics: Coffee Break, Guest Post, Japan, Politics
Posted by Nat Wilson Turner at 2:00 pm | 47 Comments »
The Rule of Law Is Key to Capitalism − Eroding It Is Bad News for American Business
It is a sad sign of the extent of libertarian propaganda that an apple-pie-and-motherhood issue like the rule of law needs defending.
Topics: Free markets and their discontents, Guest Post, Legal, Social values
Posted by Yves Smith at 9:57 am | 15 Comments »
Links 7/2/2025
Topics: Links
Posted by Yves Smith at 6:55 am | 156 Comments »
Trust in Science, Public Health, and Politics: Lessons from COVID-19
Shortly after COVID-19 was recognized as a worldwide catastrophe, my much better half asked me how long I thought this would this last. Based on my then 45 years of biomedical research experience I replied, “Three years.” I was wrong. That was more than five years ago, when the refrigerated makeshift morgues were parked on […]
Topics: Health care, Science and the scientific method, Social policy, Social values, The dismal science
Posted by KLG at 6:50 am | 52 Comments »
Broligarchs Demand Silicon Valley Bank 2.0: What Could Go Wrong?
It seems no idea is too stupid not to get a following. This one is to recreate Silicon Valley Bank, a standout failure.
Topics: Banking industry, Free markets and their discontents, Income disparity, Politics, Private equity, Regulations and regulators, Ridiculously obvious scams, Risk and risk management, Technology and innovation
Posted by Yves Smith at 5:55 am | 15 Comments »