Author Archives: Yves Smith
Michael Hudson: The Long Trajectory of Debt Dynamics, Aristocracies, War Finance and Wealth Destruction
Michael Hudson summarizes his long view of debt in an important new tallk with Glenn Diesen.
Read more...How the US Is Driving the Rise of the Businessmen-Politician
The ultrarich have always had power but Trump brought top businessmen directly into policymaking, creating new channels of influence globally
Read more...Europe Heads Into Winter With Gas Storage at a Two-Decade Low
Another look at an expected shortfall for states in Europe meeting targets for gas reserves and what the consequences might be.
Read more...Russia’s Arctic Route
Welcome to the world’s newest chokepoint, the Arctic passage. No dollars required.
Read more...US‑Canada Trade War Deepens as Trump Revives Depression‑Era Trade Tool – What’s at Stake for Consumers and the Midterms
Trump seems to think that Canada is lacking in power and he can kick them around. He may learn otherwise, but at cost to ordinary Americans.
Read more...Extremist Billionaire Media Owners Want to Steal Your Social Security So They Don’t Have to Pay Slightly Higher Taxes
Cutting Social Security and Medicare attacks millions of ordinary workers to avoid taxing the rich or reducing waste in our health system.
Read more...Iran War: Bloomberg Claims High Oil Flows Through Hormuz as Iran Threatens for Real Closure; Diesel Stress Rises as Canada Oil Exports to Fall Near Term; Investors Diss Bessent Treasury Meddling, Finger Inflation as the Issue
Today’s Iran war news: Diverging claims on Strait of Hormuz oil transits as Iran vows tight closure and investors trash Bessent Treasury meddling.
Read more...Satyajit Das: Political Films Part 2 – Probably!
Satyajit Das continues his discussion of some iconic political films. Please add your faves!
Read more...Sunscreen for Lakes and Dams: Could a Thin Floating Layer of Nanomaterial Shield Water from Evaporation?
Geoengineering proposals, such as preventing water evaporation and reflecting sunlight, are set to increase. How to evaluate them?
Read more...This American City Perfected Clean Water for Beer — Now It’s Fighting to Keep Cancer-Causing Nitrates Out of the Tap
Rural communities can treat water to reduce nitrates to safe levels. But what about well water polluted by runoff from fertilized fields?
Read more...Links 8/26/2026 Plus Iran War Note
Understanding Iranian Victory
Iranian strategic logic and why Tehran believes it has already won against the US.
Read more...Is Sikorski’s “European Legion” Proposal a Way for Poland to Deploy “Peacekeepers” to Ukraine?
A sketchy “European Legion” scheme which could deploy to Ukraine illustrates the huge gap between EU belligerent intent and ability to act.
Read more...Gates and Rockefeller Foundations’ Green Revolution Failing Africa
How 20 years of Gates and Rockefeller Foundations’ green revolutions initiatives have yielded little in Africa and even done harm.
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