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The US Economy In A Nutshell: Privatize The Gains, Socialize The Costs
The US Economy In A Nutshell: Privatize The Gains, Socialize The Costs
Authored by Charles Hugh Smith via OfTwoMinds blog,
Correspondent Simons Chase insightfully summarized this dynamic: Privatize the Gains, Socialize the Costs.
In my post Five Dynamics That Make Sense of an Increasingly Chaotic World, #3 is the distribution of risk, costs and consequences to a diffused populace while concentrating the gains into the pockets of insiders/owners:
Those seeking to reduce their private risks and increase their private gains seek to concentrate the gains generated by control structures and distribute the risks and costs to...
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The 10-day ceasefire between Israel and Lebanon has been extended for another three weeks, according to President Trump who said high-profile meetings in the Oval Office went “very well” and ended with a plan for Israeli Prime Minister Benjamin Netanyahu and Lebanese President Joseph Aoun to meet in the coming weeks. Israeli FM Gideon Saar […]
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Mar 30, 2026 / Tyler Durden
'The Era Of Deportations Has Begun!' - European Parliament Backs Remigration Efforts In Major Victory For The European Right
'The Era Of Deportations Has Begun!' - European Parliament Backs Remigration Efforts In Major Victory For The European Right
Authored by Thomas Brooke via Remix News,
The European Parliament has taken a major step toward a far tougher migration regime, approving a new negotiating mandate for legislation designed to speed up the deportation of illegal migrants and tighten enforcement across the bloc.
In a vote on Thursday, MEPs backed the so-called Returns Regulation by 389 votes to 206, with 32 abstentions, clearing the way for talks with the European Council on a...
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Jun 7, 2026 / Tyler Durden
Korea "Black Monday": Kospi Halted For 20 Minutes After Crashing Almost 10%
Korea "Black Monday": Kospi Halted For 20 Minutes After Crashing Almost 10%
After the close on Friday, we said that on Monday, Korean stocks would be a "bundle of joy"...
Korea on Monday will be a bundle of joy
— zerohedge (@zerohedge) June 5, 2026
... are having a very bad day.
The sudden plunge triggered a circuit breaker, halting trading for 20 minutes. The Korea Exchange held an emergency meeting Monday to assess rising volatility and discuss measures to ensure stable market operations.
Concerns over overheating in the AI rally combined with uncertainty in the macro...
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