Tag Archives: Financialization

The financialization of the end of the world

By Kurt Cobb Source: resilience For those who are fans of cartoons from The New Yorker magazine and consistent readers of this blog, you might be able to guess my two favorite cartoons. In the first one, a man in a coat and … Continue reading

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No, This Is Not Another 1929, 1973, 1987, 2000, or 2008

By Charles Hugh Smith Source: Of Two Minds Basing one’s decisions on analogs from the past is entering a fool’s paradise of folly. Like addicts who cannot control their cravings, financial analysts cannot stop themselves from seeking some analog situation … Continue reading

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Economic effect of coronavirus could be revolutionary

By Paul Craig Roberts Source: Intrepid Report Coronavirus and globalism will teach us vital lessons. The question is whether we can learn vital lessons that do not serve the ruling interest groups and ideologies. Coronavirus will teach us that a … Continue reading

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Data governance and the new frontiers of resistance

The 21st century corporation is using algorithmic-based intelligence to accumulate data on a massive scale. Social movements need to grasp this change quickly. By Anita Gurumurthy and Nandini Chami Source: ROAR Four centuries after the East India Company set the … Continue reading

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Neoliberal Economics Destroyed the Economy and the Middle Class

By Paul Craig Roberts Source: PaulCraigRoberts.com According to official US government economic data, the US economy has been growing for 10.5 years since June of 2009. The reason that the US government can produce this false conclusion is that costs … Continue reading

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Now That We’ve Incentivized Sociopaths–Guess What Happens Next

By Charles Hugh Smith Source: Of Two Minds As long as central banks create and distribute trillions in conscience-free credit to conscience-free financiers and corporations, the incentives for sociopathy only increase. “Sociopath” is a word we now encounter regularly in … Continue reading

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The Unraveling Quickens

By Charles Hugh Smith Source: Of Two Minds Even if we don’t measure the erosion of intangible capital, the social and political consequences of this impoverishment are manifesting in all sorts of ways. The central thesis of my new book … Continue reading

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Amazon and Apple: Wall Street’s Trillion Dollar Babies

By Dean Baker Source: CounterPunch Last month Amazon joined Apple, becoming the second company in the world to have a $1 trillion market capitalization. Amazon’s accomplishment didn’t cause quite as much celebration as Apple’s – it pays to be number … Continue reading

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