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naked capitalism: Finance, economics, politics, power [Unoffici…
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World's Most Influential Finance and Economics Blog with Trenchant Commentary, Penetrating Investigation and Insider Political/Regulatory Analysis.

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Gaza: The Sacrificial Ram on Capital’s New Altar
Gaza and Ukraine symbolize the death of an old 'nomos' and the rise of a new one shaped by war, capital, and collapsing ideals
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June 12, 2025 at 9:12 PM
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Climate Adaptation and Inequality: Lessons from Cape Town’s Drought
Cape Town's drought illustrated that when climate crises become acute, the rich care for themselves irrespective of bigger effects.
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June 12, 2025 at 3:18 PM
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June 12, 2025 at 3:18 PM
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Rob Urie: Why Retaliation Rhymes with Negotiation, US – Russia Edition
On not-well-known elements of the US-Ukraine-Russia conflict, the fecklessness of the left, and the abject stupidity of Western leaders
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June 12, 2025 at 3:19 PM
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Satyajit Das: A Fist Full of Dollars
Two recent books seem unduly complacent about the status of the dollar as reserve currency.
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June 12, 2025 at 10:28 AM
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“Is All Economic Growth Good?”
It can't be said too often: what most economists call growth is too often what we here call groaf.
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June 12, 2025 at 10:28 AM
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Coffee Break: Trump Deploys National Guard to LA
President Trump deploys National Guard and US Marines to Los Angeles in support of ICE. Gavin Newsom files suit in opposition. Waymos burn.
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June 11, 2025 at 8:24 PM
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The Projected Death Count from Trump’s One Big Beautiful Bill
Researchers projects that "big beautiful bill" cuts to public health insurance coverage may lead to upwards of 51,000 deaths a year.
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June 11, 2025 at 2:03 PM
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June 11, 2025 at 11:05 AM
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“You’ve Lost That Lovin’ Feeling”: Why Are Young Men Giving Up on Sex?
Many, and perhapse even most, young American men have soured on sex. What could be responsible?
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June 11, 2025 at 11:05 AM
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Do AI Models Think?
A new paper confirms early doubts that LLMs could ever meet AI boosters' claims that they were intelligent.
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June 11, 2025 at 11:05 AM
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How the ICE Raids and Crackdowns on Anti-Genocide Speech Are A Threat to All American Workers
The precarity of the undocumented worker is the future of US labor relations.
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June 11, 2025 at 11:05 AM
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Coffee Break: Armed Madhouse – Implausible Deniability and the Deep State
The Central Intelligence Agency has in many ways achieved the opposite of the purpose for which it was founded. Instead of increasing the security of the U.S., it has weakened it. The CIA is a main element of what is known as the Deep State, a permanent government that operates apart from the democratic machinery […]
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June 10, 2025 at 9:06 PM
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“Is the US on the Path to Becoming a Failed State?”
Yes, the US is in the midst of multifaceted institutional collapse. But to see Trump as the cause as opposed to an accelerant is misguided.
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June 10, 2025 at 2:49 PM
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June 10, 2025 at 11:54 AM
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A New Gold Rush Is Causing (Potentially) Irreversible Damage to the Amazon Rainforest, Study Warns
As the world is gripped by a new bout of gold fever that shows no sign of abating, the environmental costs are rising.
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June 10, 2025 at 11:54 AM
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The 2025 Trade War: Dynamic Impacts Across US States and the Global Economy
Estimating the costs of the Trump trade war to Americans and foreign players.
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June 10, 2025 at 11:54 AM
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“Trump Administration Closes In on Hard-Hitting Sanctions on Russia”
Russia sanctions enthusiasts try to talk over how Ukraine undercut Trump support with Ukraine's attack on Russian nuclear deterrence assets
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June 10, 2025 at 11:54 AM
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Coffee Break: Trump vs. Musk Omnibus
A scorecard in the Godzilla v. Mothra, um, Trump v. Musk slugfest.
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June 9, 2025 at 11:26 PM
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China’s Rare Earths Weapon Could Kill Europe’s Auto Industry
More on US and European car-makers' vulnerability to China's new rare earths licensing regime.
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June 9, 2025 at 5:44 PM
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June 9, 2025 at 12:17 PM
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Trump Administration Violating Yet More Individual Rights in Escalation Over ICE Raid Protests in Los Angeles
Over-the-top ICE enforcement is the gift that keeps giving to Trump Administration plans to eviscerate freedoms like the right to protest.
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June 9, 2025 at 12:17 PM
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Are US Talks With Moscow and Tehran Just Propaganda in the Destabilization Campaigns?
With terrorism and economic warfare, Washington believes it has the “power to coerce.” And negotiations can help create divisions behind enemy lines.
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June 9, 2025 at 12:18 PM
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The Threat From Extreme Centrists
Richard Murphy argues we should focus more on the centrists—"the people who want to maintain the status quo when it's glaringly obvious that we need change."
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June 9, 2025 at 12:18 PM
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Links 6/8/2025
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June 8, 2025 at 2:45 PM