Material Insecurity and the Foundations of Democratic Participation
Democratic participation requires more than voting rights, including material security, practical knowledge, social belonging, and agency.
Read more...Author Archives: Yves Smith
Michael Hudson: The AI Crash Is Coming, And You Will Pay For It
Hudson and Desai discuss the probable AI crash in the context of US tech policy, historical bubbles, and the contrast with China’s approach.
Read more...Global Imbalances and the China Challenge
A useful discussion of the key China policy measures that have enabled it to achieve and maintain a dominant position in exports.
Read more...If Our Government Makes Dollars, What Is the ‘National Debt’?
Debunking one of the pet memes of elite-serving finance orthodoxy: that national debt of a currency issuer should be seen as a problem.
Read more...Countdown!
The clock is ticking! Beat our countdown! Make this the best fundraiser ever by supporting this community at the Tip Jar!
Read more...Down to the Wire for 2026 Fundraiser, Help Hit Our New Donor and $ Targets!
Help us with this last big push to meet the final fundraiser goals! Invest in this community!
Read more...Reuters Reports Gulf Oil Exports Reached 80% of Pre-War Level as Standard Chartered Shows Bigger Hit to Hormuz Transits, Shift to Other Routes
More on the debate over Persian Gulf oil exports as the Saudis launch an offensive to try to retake territory liberated by Ansar Allah.
Read more...SOS! Desperately Seeking Procrastinators! Last Call for Our 2026 Fundraiser!
Final call for our 2026 fundraiser! Please stop by our Tip Jar and chip in for yourself and for this community. You’ll be glad you did!
Read more...Canary in the Coal Mine? Office CMBS Delinquency Rate Re-Spikes to 12.2%, Far Worse than Financial Crisis Peak
CMBS managers shift from “Survive till ’25” (when low interest rates were supposed to return) to “Sell at today’s price, or the lender will.”
Read more...Iran War: Saudi-Backed Forces Launch Major Yemen Campaign; More on Oil Transits and Economic Conditions
Today’s Iran war news: As the Saudis double down on failure with a new Yemen offensive, the debate over the state of oil and the economy continues.
Read more...Yippie! Met Our Sixth Goal, On to Our Seventh: More Original Reporting
We’ve just started on our final goal, original reporting. Can you make this fundraiser a great success by chipping in now?
Read more...Naked Capitalism: Your Priceless One-Stop Shopping for What Is Really Going on, and Why
Naked Capitalism is unique in the breadth and depth of its coverage and its nose for driving forces. Contribute generously for all our sakes!
Read more...Why Might Putin Finally Decide to Bring Ukraine to Its Knees After Nearly Five Years?
Korybko makes a strained argument about Putin’s motives for decisive action in Ukraine. It is nevertheless is useful grist for discussion.
Read more...Naked Capitalism Has Outlasted Larry Summers
Per Max Planck, science progresses one funeral at a time. Does economics advance bit by bit via career deaths of neoliberals like Larry Summers?
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