We’ve had readers vigorously attempt to deny that there is such a thing as overinvestment and too much capacity. Yet we are seeing precisely that pattern play out in China, as its officials increasingly hector companies in a broad swathe of industries to stop cutting prices to preserve domestic market share. The reason for the […]

The Neoliberal turn of late capitalism [1] rules our world.  Quinn Slobodian has become the voice of our time in explaining how this has happened and why.  In Globalists The End of Empire and the Birth of Neoliberalism (2020), he described, among other things, how the Liberals of Central Europe who became Neoliberals were most

Groundbreaking Study Reveals Tortoises Have Feelings, Similar to Ours SciTech Daily (Chuck L) The Frailties of Reason Commonweal (Anthony L) Climate/Environment After Devastating Winter Losses, Another Threat Looms for U.S. Beekeepers New York Times Study Reconstructs 540 Million Years of Sea Level Change in Unprecedented Detail SciTech Daily (Chuck L) EXTRAORDINARY HEAT IN RUSSIAUp to

As Warren Buffett said, “There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” And since the rich have only been getting richer, it also seems that they have been making better use of Marx than the great unwashed masses. Yanis Varoufakis hopes to make a dent

Yves here. Even though the Dutch economy is much smaller than German’s ($1.15 trillion v. $4.5 trillion), this article chronicles how it is following Germany down the de-industrialization path due significantly to sanctioning cheap Russian gas. Italy’s biggest industrial group also recently warned that Italy is at risk of de-industrialization due to 30% higher energy

A compact comprehensive discussion of the present state and future prospects of AI technologies applied to armed conflict is an impossible mission, but I will undertake it here. What gives me encouragement is the great difficulty of prognostication regarding AI. I believe AI will be the most profound transformation of human affairs in the history