"naked capitalism"

The New Yorker's profile of William Gibson: "Droll, chilled out, and scarily articulate"

I first met Bill Gibson in 1999 when I was profiling him for the Globe and Mail as part of a review of his book "All Tomorrow's Parties." Since then, we've become friends and colleagues, and I genuinely treasure every chance I get to sit down with him, because he's both fantastically clever and incredibly nice. Read the rest

Popular Chinese video game invites players to "hunt down traitors" in Hong Kong

"Fight the Traitors Together" (motto: "Hong Kong is part of China and this can't be meddled with by outside power") is a web-game that has attained new popularity in mainland China; it invites players to locate with caricatures of real Hong Kong protest leaders and slap them or pelt them with rotten eggs. Read the rest

In any other industry, emergency medical billing would be considered fraudulent

Last summer, MD/journalist Elisabeth Rosenthal's husband had a bike accident and was seriously injured and taken by ambulance to an emergency room. Read the rest

After sweeping election victories, Hong Kong protesters stage massive demonstrations marking their 6-month anniversary

Today, 800,000 Hong Kongers marched through the city in a demonstration commemorating their six months of protests. Thanks to landslide victories for pro-Democracy candidates in last month's election, today's march had an official police permit -- the first such permit issued since August. Read the rest

Prasad's Law: there's always enough health spending to concentrate wealth, never enough to diffuse it

In a recent installment of his Plenary Session podcast, hematologist-oncologist Vinay Prasad observed that "There are interventions that disperse wealth, … and they give people jobs, and they send them out in the community; and there are implantable drugs, implantable devices, there are drugs, there are cancer screening tests, and we will always prioritize interventions that consolidate money in the hands of the few, over interventions that disperse money to the hands of many, with the same levels of evidence." Read the rest

Colombians take to the streets in the third general strike in two weeks

The far-right Duque administration in Colombia is only fifteen months old, but its polarizing policies have brought the country to its knees, with a third general strike in just two weeks shutting down the country yesterday. Read the rest

Second wave Algorithmic Accountability: from "What should algorithms do?" to "Should we use an algorithm?"

For ten years, activists and theorists have been developing a critique of "algorithms" (which have undergone numerous renamings over the same time, e.g. "filter bubbles"), with the early critiques focusing on the way that these can misfire with dreadful (or sometimes humorous) consequences, from discrimination in which employment and financial ads get served to the "dark patterns" that "maximized engagement" with services that occupied your attention but didn't bring you pleasure. Read the rest

UK Apostrophe Protection Society surrender's, saying "ignorance and lazines's have won"

Retired journalist John Richard's founded the Apostrophe Protection Society in 2001, its mission to convince people that apostrophe's denote missing letter's and possession, but never plurals. Read the rest

MMT: when does government deficit spending improve debt-to-GDP ratios?

Modern Monetary Theory (MMT) (previously) is an alternative to neoclassical economics that holds that sovereign states that issue their own currency can't default on debts denominated in that currency (if you are the sole source of Canadian dollars and all your debts are in Canadian dollars, you can always pay those debts), and that deficit spending is normal (every dollar in circulation was "deficit spent," since the money to pay taxes enters the economy when the government spends it into existence), and that inflation isn't a mere function of government spending -- but rather, inflation occurs when governments and the private sector are bidding against each other for the same goods and services. Read the rest

Harry Shearer interviews Uber's smartest critic: Hubert "Bezzle" Horan

Hubert Horan (previously) is a transport industry analyst who has written more than 20 essays for Naked Capitalism as well as two peer-reviewed scholarly articles explaining why Uber is a "bezzle" -- that is, a scam that can't possibly ever make money, no matter how much it preys on drivers, ignores passenger safety, and destroys safe, regulated taxi businesses. Harry "Mr Burns" Shearer interviewed Horan (MP3) on the latest episode of his radio show, Le Show. It's a fantastic interview that quickly gets to the meat of Horan's critique of Uber, and then digs into both the ridiculous defenses that Uber and its defenders mount of its possible sustainability, and the social circumstances that allowed Uber to bezzle $21b from its investors in just a few years, while still attracting more investors. (Image: Tarcil, CC BY-SA, modified) (via Naked Capitalism) Read the rest

92-year-old's memoir tells the forgotten story of a German official who sabotaged Nazi deportations and saved more Jews than Schindler

Hans Calmeyer was a left-wing German lawyer -- his law license was temporarily suspended when he was accused of being a Communist -- who was inducted into the German army under the Nazis, who put him in charge of an office that determined which Dutch people would be deported to Auschwitz during the Nazi occupation. Read the rest

A former pharma rep explains how the industry pushes doctors to overprescribe

The pharma industry spends $2 on marketing for every $1 it spends on R&D: Shahram Ahari was a rep for Eli Lilly, so he knows how the money was spent: in a tell-all op-ed in the Washington Post, Ahari describes how he lavished spending over doctors, everything from dinners at "so many fancy Manhattan restaurants that the maitre d’s greeted me by name" to free ballgames and Broadway musical tickets to offering hundreds of thousands of dollars in speaking fees to top prescribers. Read the rest

Veteran Boeing manager was transferred to 787 production; based on he saw there, he won't fly in a Dreamliner and begs his family not to

John Barnett had a three-decade career as a Boeing quality manager, but after he was transferred to the Charleston, SC production facility for the Boeing 787 "Dreamliner," he became a whistleblower -- now he's been forced out of the company and is waiting for various federal agencies to rule on the complaints he brought against the company. Read the rest

Defense contractors gleefully report record earnings in divisions that bid on "classified" projects, the fastest-growing part of the Pentagon's budget

Classified Pentagon spending is the fastest-growing part of the US military budget, rising to 11% of the total $716b proposed for 2020; this spending is not subject to oversight and House Armed Services Committee Chair Adam Smith [D-WA] says it leads to waste. Read the rest

A layperson-friendly introduction to MMT, a heterodox school of economics that could finance a Green New Deal

Modern Monetary Theory (AKA MMT) is the latest incarnation of a long-running current in economic thought, once called Chartalism, which has gained prominence in recent years as an alternative to austerity economics, whose dictates have immiserated millions, destabilized world politics, and threaten the extinction of the human race thanks to climate inaction in the guise of "fiscal restraint." Read the rest

Apple poses a false dichotomy between "privacy" and "competition"

Back in September, a Congressional committee investigating anticompetitive conduct by America's tech giants sent a letter to Apple (among other Big Tech firms) asking it for details of business practices that seem nakedly anticompetitive; Apple's response seeks to justify much of that conduct by saying that it is essential to protecting its users' privacy. Read the rest

After Katrina, neoliberals replaced New Orleans' schools with charters, which are now failing

After Hurricane Katrina, New Orleans was shock doctrined through a massive, neoliberal transformation, the centerpiece of which was a replacement of the public school system with a system entirely made up of charter schools. Read the rest

Previous PageNext page

:)