How Unions Pave the Way to the American Dream
Even with rising inequality and weak labor rights, unions secure enough improvements in pay and conditions to provide some class mobility.
Read more...Author Archives: Yves Smith
Iran War: US and Iran Continue Escalation With New Exchange of Harsher Strikes; Iran Options Include Closing Strait of Hormuz
Today’s Iran war news: Trump doubles down on Strait of Hormuz control as experts view the strikes as preparation for a ground operation.
Read more...Greenspan Ran the Fed for 18 Years and Left an Economic Time Bomb
Michael Hudson and Radhika Desai: take a hard look at Greenspan’s misrule at the Fed and find more not to like than you might know about
Read more...Culture Is the Far Right’s Secret Weapon – and It’s Winning Over Some of Europe’s Most Educated Youth
EU officials seem aghast at the fact that many citizens, particularly the young, identify with national or local culture.
Read more...Fire Any Financial Advisor Who Tells You to Utilize a Trump Account
Sure, take the $1,000 that Trump wants to give newborn kids. But never put another dime in a Trump Account..
Read more...Iran War: Trump Declares MOU Over After Biggest US-Iran Exchange of Strikes Since Signing in Struggle Over Strait of Hormuz Control; US Suspends Iran Oil Sanction Waiver
Today’s Iran war news: As many expected, the MOU is coming apart as the US-Iran fight for control of the Strait of Hormuz escalates.
Read more...A Super El Niño Is Coming: 5 Hard‑Won Lessons the World Can Learn From Africa
Africa suffered in past super El Niño events and developed approaches to prevent and mitigate harm. Can rich countries learn?
Read more...How the Lack of Housing Affordability Harms Europe’s Citizens
A look at the mechanisms by which poor housing affordability hurts the European public.
Read more...Links 7/7/2026
Iran War: Expected Hardening of Iran Posture in Wake of Funerals for US-Israel War Martyrs; Iran Hits Two Tankers Transiting on Oman Side; China Buying Non-Iran Gulf State Oil, Opposes Iran Control Plans; Yet More on Oil Price Anomalies as Crack Spreads Widen Further
Today’s Iran war news: Why the conflict is set to become more acute, with mid-August a potential crisis window.
Read more...The Colorado River Crisis Is Reaching a Breaking Point
The power struggle over the Colorado River is a microcosm of coming water use fights which too often will feed wars.
Read more...The Hypersociality Hypothesis
Can hypersociality help reconcile obvious elite stupidity with top-down conspiracy theories?
Read more...Iran War: Iran Stance Hardening in Connection with Funerals for Supreme Leader and Other Martyrs; Strait of Hormuz Dominance Struggle Continues; More on Oil Price Anomalies
Today’s Iran war update: Why things are not as quiet as they might seem.
Read more...Links 7/4/2026
Michael Hudson: How US Slave Interests Stifled US Monetary and Banking Policy Until 1913
On US 250th anniversary celebration, Michael Hudson considers the counter-revolution thesis and the role of slave capital.
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