Matt Stoller — The Great Turn Is Beginning

Yves Smith looks around corners before the rest of us get there. She was premature on the financial crisis in 2006, on mortgage-backed securities/Magnetar, on the foreclosure fraud crisis, on the Eurozone, on the failure of Syriza, on private equity, and on the “crapification” of American corporations.
She’s early, she’s right, and she’s clear. But in D.C., where I live and work, she’s anything but celebrated. In fact, as we’ve seen, people like Yves, and many of you, are attacked and demeaned for telling the truth.

In the case of Naked Capitalism, the problem is increasingly Google and Facebook undermining web traffic and killing advertising revenue. When society becomes a game of getting to the top by shooting the messenger, what happens is… the Boeing 737 Max.

By reading this, you are saying that you choose to spend your time and your mind on things that matter, as opposed to the nonsense and bullshit that exists in so much of our world. We have to support our own. And that means throwing some coin to Yves and her crew of merry truth-tellers: Lambert and Jerri-Lynn. Remember, guest contributors like Hubert Horan with his series on Uber’s financial snake oil come here because readers like you are here. You can donate here....

Naked Capitalism
Matt Stoller: The Great Turn Is Beginning
Matt Stoller