Dollar privilege: everyone using the dollar for trade, and the US controlling the system that moves currency around the world is important. When it goes away, and it will in the next five years, I’d guess, the US will take a huge hit to its ability to command the world’s resources and will lose most […]
The Twilight of Neoliberalism
A couple weeks ago we discussed why money still flows into America: returns are higher. Generally US assets are highly valued and money tends to flow into the US over other countries. This is because US assets out-perform. The Chinese stock market, like the US market of the 50s and 60s, trades sideways. The US […]
The great problem with financialization is that produces higher returns than productive investments do. If you want to industrialize or stay industrialized, you will have lower profits than a financialized economy does. This leads to situations like the below: Generally US assets are highly valued and money tends to flow into the US over other […]
The simplest measure of a government’s legitimacy is whether or not it works for the benefit of the people. Democrats also believe the government should be selected by the people. America does not meet either criterion at this time. Yes, there are elections, but the duopoly means that voters tend to choose from a small […]
I mean… Laura Ingraham: “Well, then why are people saying they’re anxious about the economy? Why are they saying that?” President Trump: “I don’t know that they are saying that. I think polls are fake. We have the greatest economy we’ve ever had.” pic.twitter.com/QDrM3Q4olu — RedWave Press (@RedWave_Press) November 11, 2025 Not to mention firing […]
So, the Dutch seized a Chinese owned semiconductor company: The Dutch government seizes control over Nexperia, one of Europe’s biggest chipmaker, owned by China. Nexperia’s Chinese operations pose a “threat to the continuity and safeguarding on Dutch and European soil of crucial technological knowledge and capabilities.” – 🇳🇱 Gov. pic.twitter.com/0PXmFIVvKp — NXT EU (@NXT4EU) October […]
A couple days ago I discussed the Dutch taking over Nexperia, a Chinese owned but Dutch domiciled company making commodity semiconductors. The company became Chinese owned because it was almost bankrupt, the Chinese bought it, fixed it and kept many jobs in Europe, including the headquarters. What I didn’t know about the story on Monday […]
John Maynard Keynes believed that ideas, hospitality, travel, knowledge and science should move freely between nations. if a country could reasonably produce something physical it needed, it should. Trade should exist, but be kept to a minimum. I’d like to highlight something Matt Stoller (the anti-trust guy) recently wrote: In May of 2020, the Chinese […]
It’s our annual fundraiser. We’ve raised a little over $6,420 from 54 people in the last eleven days, out of our goal of $12,500. If you’re a regular reader and can afford to support our writing, please subscribe or donate. Over 10,000 people read every day, but without those who give the site would not […]
It’s for sure that there are those with great influence on him who want him to. Thomas Neuburger has the quotes, starting with Stephen Miller: [This is] Legal insurrection. The President is the commander-in-chief of the Armed Forces, not an Oregon judge. Portland and Oregon law enforcement, at the direction of local leaders, have refused […]