Yves Smith is the pseudonymous author of Naked Capitalism, a popular blog about the U.S. economy and the financial sector. Naked Capitalism was started to combat the underreporting of Wall St. and the economy by mainstream media. They don’t hold back any punches against government officials or corporate interests.
By Lambert Strether of Corrente. Trade ISDS encourages off-shoring? See the extract from Stiglitz: I'm reading @JosephEStiglitz's new book, "People, Power, & Profits". Really appreciate this point about globalisation & wages: It's not just that wages are cheaper overseas, but our trade agreements give companies stronger rights if they invest overseas than at home. #ISDS […]
By Lambert Strether of Corrente. Trade “China Isn’t Cheating on Trade” [Peter Beinart, The Atlantic]. “From Elizabeth Warren, who earlier this year claimed that China has “weaponized its economy,” to Marco Rubio, who last year tweeted that the Chinese aim to “steal & cheat their way to world dominance,” leading Democrats and Republicans [including Trump, […]
Today is Earth Day, the theme: Protect Our Species. Much has changed since the first Earth Day: April 22, 1970. Individual action alone won’t save the planet, but that doesn’t mean there’s nothing one can do.
NYC last week passed a modest Green New Deal. This initiative falls far, far short of where climate change policy needs to go, but is certainly an improvement on the fossil fuel-friendly agenda of the Trump administration (and its predecessors).