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 Twilight of Neoliberalism
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 […]
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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 […]
Stumbled across this recently: China aims to become custodian of foreign sovereign gold reserves to strengthen its standing in the global bullion market, according to people familiar with the matter. The People’s Bank of China is using the Shanghai Gold Exchange to court central banks in friendly countries to buy bullion and store it within […]
Starbucks sells expensive sugared drinks, and some of them have coffee in them. It’s been very profitable and despite some declines, remains so. The CEO was paid about $96 million last year. He was brought in to “turn Starbucks around”, and his main moves have been towards returning Starbucks to its roots as a “third […]