Thursday, July 17, 2025

Project Nectar: Another Palantir Special

Meet Project Nectar, a new surveillance state initiative being tested for the UK and planned for rollout to police forces broadly.

Coffee Break: Elon Musk to Squeeze Tesla Shareholders to Juice xAI?

Elon Musk, Earth’s wealthiest human, is leveraging his business empire to invest in xAI with SpaceX and possibly Tesla putting in billions.

Chinese Government Tries to Combat Destructive Deflation. Will It Succeed?

The economic hazard of deflation is already stalking China, to the degree that even Xi is trying to take it on.

Links 7/16/2025

Hayek’s Bastards and the Rise of Neoliberalism

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 […]

Yanis Varoufakis: Who Needs Marx in 2025?

To free ourselves from our technofeudal overlords, we must think like Karl Marx.

Dutch Industry Buckles Under Energy Transition and Global Pressure

High energy costs in Europe, largely due to sanctions against Russia, has spread the gangrene of de-industrialization to the Netherlands

Coffee Break: Armed Madhouse – AI Goes to War

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 […]

Insurers Dump Catastrophe Risk of Climate Change and Earthquake to Chump Bond Investors. What Could Go Wrong?

Garden variety investors, including retail, are signing up to insure climate change and other disaster risk via catastrophe bonds.

Links 7/15/2025

What Birmingham’s Towering Trash Heaps Say About Starmer’s Britain

In the land that gave us Margaret Thatcher’s “there is no alternative” and “there’s no such thing as society”, the provision of even the most basic public services is becoming a problem.

U.S. Political System Is Bought, Not Broken. A New Party Won’t Fix the Basic Problem.

Real reform in American politics won’t come new parties — but from breaking investors’ grip and rebuilding power from the ground up.

Message to Trump: Incompetence Is Not Virtue. Also, People Will Die

The main and possibly only qualification for Trump’s top appointees is the ability to tell blatant lies with a straight face.

Coffee Break: Texas Floods, Biblical Divorce Complicate US Senate Primary

Texas floods, Biblical divorce complicate US Senate race for Ken Paxton as Democrats search for a candidate.

Possible Kraft Heinz Breakup: A Buffett Investment Failure, Thanks to Healthier Tastes Among the Better Off and Need for Better Bargains for the Rest

A badly under-perfoming merger, Kraft and Heinz, is set to be reversed. Did that deal undermine the giants adapting to changing tastes?