Free-Market Capitalism is the Next American Economy
America is in the midst of an identity crisis, and it’s probably not the kind you’d think. Our nation is wrecked by an abysmal economy and unhappy people losing confidence in their country. In such unhappiness, people on both sides of the political aisle too often propose “solutions” that grant the government more control of […]
2:00PM Water Cooler 12/29/2022 | naked capitalism
By Lambert Strether of Corrente. Patient readers, thanks for your thoughts and prayers [snort]. I’m almost recovered, except for some lingering irritability and minor neurological damage. Kidding! Onward. –lambert Bird Song of the Day Reed Bunting, Rutland Water–Lagoon 4, Rutland, England, United Kingdom. Named for the great Adolph Reed, for those who don’t know. * […]
World must be vigilant amid China’s Covid reopening
It feels eerily like early 2020 again. China is the global epicentre of Covid-19. Countries across the world are scrambling to impose restrictions on travellers from the country. Meanwhile, the severity of the outbreak within China is obscured by spin, dubious statistics, and government opacity. Xi Jinping’s botched exit from his “zero-Covid” policy earlier in […]
In 2022 Russia kept the economic show on the road
The past year has been bruising for Russia’s economy. Foreign investors fled en masse, many never to return. Official forecasts suggest that few countries will see their gdp shrink by more this year. Only a handful of countries, including war-torn Ukraine, will end up posting worse numbers. From another perspective, however, Russia did surprisingly well. […]
