Michael Hudson: Debts That Cannot Be Paid Won’t Be
R. C. J. Cranstoun spoke with Michael Hudson on debt, rentierism, and the geopolitical rift around sanctions, energy, and the dollar system
Read more...Author Archives: Yves Smith
‘This Is Oligarchy’: Nearly 100 Billionaires Are Funding Susan Collins’ Reelection Bid
My goodness, why are so many billionaires, the overwhelming majority of whom do not vote in Maine, so eager to see Graham Platner lose?
Read more...Iran War: Trump Again Whiplashes, Threatens Sustained Bombing, Capture of Kharg Island, Then Touts Plan to Sign Not-Finalized Iran Memo; More on Oil and Metals Squeeze, Plus SpaceX, AI Tidbits
Today’s Iran war post: Trump would have us believe that his 39th “deal is nigh” promise means it is about to happen.
Read more...New Consumer Report Finds “Concerning Levels of Additives” in Popular Snacks
Quelle surprise! Junk food often contains a lot of less-than-healthy additives.
Read more...Wealth Is Not the Biggest Problem We Face: Inequality of Power Is
Is there any way back from the extreme concentration of power in societies across the world?
Read more...Iran War: Trump Again Strikes Iran Out of Frustration With Refusal to Capitulate; More Reports of Trump’s Unhinged State; Iran Closes Strait of Hormuz; Doubts About Trump Claims of Covert Oil Transits
Today’s Iran war news: Trump looks hopelessly mired in Iran due to his emotional instability and denialism. Billions will pay the price.
Read more...Putin Powerfully Rebuffed the Hawks Who Want Him to Attack NATO
Putin cleared his throat to smack down the idea that Russia should seek to mix things up with NATO.
Read more...Lawsuit Puts Spotlight on Amazon’s Free Speech Violations, Use of Contractors to Facilitate Abuses Like Wage Theft
Amazon is engaged in a tooth and nail fight to beat a New York City bill to end its use of contractors to escape liability for labor abuses.
Read more...Increasing Employment in Pre-Retirement Years Slows Cognitive Decline
Older men show less cognitive decline if they keep working. Does this finding apply only to paid jobs or would charity roles be salutary too?
Read more...Links 6/10/2026
Iran War: US Launches New Attacks on Iran Using Bogus Pretext, With Iran Retaliating Swiftly; Global-Economy-Destroying Long Conflict Looks Baked In
Today’s Iran war news: The laughably bad pretext for the latest attacks on Iran indicates the US will not abandon this conflict any time soon
Read more...What Happens When the World’s Breadbaskets Start Failing Simultaneously?
A look at the global food system focusing on the role of breadbaskets. Many disconcerting parallels to global financial crisis risks.
Read more...Under Right to Record Act, People Could Sue Federal Agents for First Amendment Violations
Proof of eroding rights: new legislation is necessary to shore up the First Amendment right to record, typically of officials behaving badly.
Read more...Links 6/9/2026
Iran War: Israel Again Bombs Lebanon, Defying Trump and Killing “Deal”; Middle East Straits as Foundations for New Security Architecture; Alon Mizrahi’s Zionism Delenda Est; Debate Over Oil Cliff Timing
Today’s Iran war news: Israel promptly again defied Trump by bombing Lebanon and Iran vows to end the blockade if there is no pact.
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