Sunday, August 23, 2026

Week-end Wrap – Political Economy – August 23, 2026

Week-end Wrap – Political Economy – August 23, 2026

by Tony Wikrent

 

Denmark deploys first conscripts to Greenland 

[Euractiv, via Naked Capitalism 08-22-2026]

 

War on voting

Time to Raise Hell: Trump Taking GOP Voter Suppression Efforts to Heights Never Seen

Thom Hartmann, Aug 21, 2026 [Common Dreams]

Joyce Vance just pointed out that Howard Lutnick, Trump’s morbidly rich crony Commerce Secretary, claimed this week that they’d found over 24,000 noncitizens who’d illegally voted in the 2020 election.

It’s a lie, of course, and a pretty naked one at that, but this will be the foundation for Republicans establishing even more draconian rules to prevent married women, racial minorities, city dwellers, and low-income people from voting this fall and in 2028.

Also this week, the Center for American Progress released an extraordinarily disturbing fact sheet summarizing an investigation they published that documents fifteen separate, interlocking tactics the Trump administration, Republican governors, and GOP members of Congress are engaging in right now to rig this fall’s election....

 

THE BACKDOOR OPTION THAT COULD KEEP THE GOP IN CONTROL OF CONGRESS

[[Seymour Hersh, via Lambert Strether's Water Cooler 2026-08-19]

From Joel McCleary, a former aide on security issues to President Jimmy Carter:

McCleary’s notion is that many of the secret military and intelligence powers initially aimed at warning about a nuclear attack or other extraordinary national security threats are now being turned on political issues: namely the prospect that the Republican Party might lose control of both chambers of Congress, as polls are saying may happen in November’s election. “Note who works the switch,” McCleary said. “Formally, the secretary of homeland security is the president’s lead agent for continuity. In practice, the homeland security apparatus now runs through Stephen Miller, the deputy chief of staff for policy in the White House who now sits atop an elevated office far above its old standing.

“The working hypothesis,” McCleary added, “is that Miller is the de facto head of the continuity machinery, which means that the on-off switch for the Constitution that COGCON entrusts to the president is, day to day, in the hands of an unconfirmed White House aide.

“The problem is that no legal framework distinguishes between a nuclear attack and a border dispute, between a civilization-ending pandemic and a political protest, between a genuine cyberattack on national infrastructure and a manufactured pretext for invoking extraordinary authority. The president alone defines the emergency. The president alone activates the response. The president alone signs the pre-draft orders. And no institution—not Congress, not the courts, not the military chain of command—has been given the legal tools to determine, in real time, whether the emergency is genuine and whether the response is proportionate.

“This is not a partisan observation,” McCleary said. “It is a structural deficiency that endangers the republic regardless of which party holds the White House.

 

Experts raise alarms over Census Bureau report Trump is touting on noncitizen voting

[NPR, via The Big Picture, August 20, 2026]

A highly unusual Census Bureau report that President Trump is using to reup dubious claims of widespread illegal voting by non-U.S. citizens has ties to a Trump-aligned think tank, NPR has learned. Work on the analysis was not conducted by career civil servants at the Census Bureau, and the team behind it included individuals affiliated with the America First Policy Institute, a think tank started by officials from Trump’s first administration, according to a Census Bureau employee who NPR has agreed not to name because they fear retaliation at work. NPR finds the highly unusual Census Bureau report behind the president’s claims has ties to a Trump-aligned think tank.

 

Can We Stop a Coup With State of Emergency Declarations? The founders built fifty state governments to protect us in crisis such as these.

Christopher Armitage, Aug 15, 2026 [The Existentialist Republic]

... Governors have declared states of emergency for far less than any single one of these. Together they represent the largest sustained assault on constitutional governance in American history.

None of these are separate crises. The Epstein files are the web we’re caught in. Many of the people starting these wars and funding the authoritarian takeover are in those files. That’s the key. The DOJ takeover, the firing of FBI agents, the smearing of survivors, the consolidation of power, the war: all of it traces back to people protecting themselves from what those files contain, while aiming to make permanent a world where a Jeffrey Epstein type would become President for life rather than appear before a jury.

The federal investigation into Epstein’s co-conspirators is dead, and the Trump administration has spent over a year actively covering it up. SDNY had an active investigation. DOJ headquarters ordered the files transferred out of SDNY, and the investigation stopped. The FBI closed it in July 2025 with a two-page memo claiming no evidence existed. Director Kash Patel, went before Congress and attacked the credibility of the survivors. When Congress “forced” a release of the files under the Epstein Files Transparency Act, the DOJ produced roughly half of what it had collected, included the survivors’ personal information and intimate details of their abuse, and protected the names of the abusers.

Pam Bondi indicted zero co-conspirators in the fourteen months she ran the Justice Department. Trump fired her on April 2. Todd Blanche, his former personal defense lawyer and the man who personally conducted the Ghislaine Maxwell interview, took over as acting attorney general and was confirmed to the job on August 8 by a vote of 50 to 49....

... Do we hope that elections clear all this up on their own? Do we give this admin 2.5 years to continue building a MAGA army, purging the military and federal government of non-loyalists, attacking elections, and covering up criminal activities?

.... [The powers various states give their governors in emergencies.] Read that list again with the economy in mind instead of a hurricane. A governor operating under those authorities can put people on a payroll immediately, start public works without waiting out the ordinary bidding calendar, and move money, staff, and functions between agencies to wherever they are needed. Franklin Roosevelt did that nationally in the Great Depression. The emergency statutes already on the books give a governor a state-sized version of it, available the day the declaration is signed.

The founders built the country this way because they knew this exact thing could happen. The answer they left us is not in Washington, where every federal check has already failed. It is in fifty state capitals, each with a governor who can act immediately and a criminal code no federal pardon can reach. That is why a captured federal government does not have to mean a captured country, even with a transnational criminal organization calling itself the Republican Party and its oligarch owners running the executive branch.

One state has already started without an emergency declaration, and what happened there tells you both that this works and why the emergency power matters.

New Mexico’s House of Representatives voted unanimously in February to create an investigative subcommittee into Epstein’s operation at Zorro Ranch in Santa Fe County. Attorney General Raúl Torrez reopened the state’s criminal investigation the same month. The subcommittee issued twenty subpoenas to state agencies, local law enforcement, federal agencies, and banks including J.P. Morgan Chase and Deutsche Bank....

What we get out of this is a democracy with a functioning justice system. That’s way better than saying “the pedophile in charge of the country just started a war, we better get out the vote in 3 months and hope they haven’t rigged the game too much!” ....

 

War

Iran’s Secret Plan to Escalate the War

[Wall Street Journal, via The Big Picture, August 18, 2026]

Intercepted communications and other intelligence suggest a strategic shift by hard-line leaders to raise the costs for the U.S. and its regional allies

 

Iran’s Weapons Production Doubled in Past Year Despite US, Israeli Strikes 

[Sputnik, via Naked Capitalism 08-22-2026]

 

SCOOP: Trump’s Iran War Has Burned Through Well Over 90% of Key Long-Range Missiles

Asawin Suebsaeng, Aug 17, 2026 [Zeteo]

Sources tell Zeteo the percentage of critical long-range missiles that the Trump administration has depleted in its failing war is in ‘at least the high nineties.’

 

Why the World’s Most Powerful Navy is Losing the Logistics War 

Sal Mercogliano, YouTube

 

The Tail That Couldn’t Keep Up: How the US Navy Ran Its Own Sailors Short on Food and Soap

Larry Johnson [via Naked Capitalism 08-16-2026]

 

Trump not violating any law

'He who saves his Country does not violate any Law'

Trump Stuns By Saying ‘I Don’t Know’ When Asked Directly NBC’s Kristen Welker ‘Don’t You Need to Uphold the Constitution?’

Joe DePaolo, May 4th, 2025

 

The Sex Criminals and Child Abusers of ICE and CBP

Spencer Ackerman, 18 Aug 2026 [forever-wars.com]

... A new report by the Ohio Immigrant Alliance, released today, pulls back the curtain on a stunning level of sexual criminal behavior within ICE and CBP. Out of 152 cases of identified immigration officials or contractors accused or convicted of criminal behavior, 131 of them, or 86.2 percent, were charged with sex offenses. Seventy-eight of them—51 percent of the entire cohort—"committed sex offenses against children—the single largest category on the list," the report states. Cases involving a CBP officer, the report finds, "are more likely to involve underage victims" than those of an ICE officer. Yet fully half of ICE officers accused or convicted of sex offenses (12 of 24) had a minor as their victim.... 

 

A County Attorney Makes a Stand Against ICE in Montana

Gabriel Furshong, August 18, 2026 [The New Republic]

In April, Audrey Cromwell, the top cop in Gallatin County, a rugged and fast-growing part of Montana made famous by Paramount’s hit Yellowstone TV series, received a surprising phone call. It was a local reporter wondering what Cromwell thought about a press release from Austin Knudsen, the state’s hard-line Republican attorney general, accusing Cromwell of “stealthily” enacting a sanctuary city policy and demanding she rescind the policy within five days.

But Cromwell, a Democrat who ousted a 26-year Republican incumbent in a razor-thin race for county attorney in 2022, had never established such a policy. Nor had she received any direct communication from Knudsen.

The ostensible subject of the press release was a mundane question of bureaucratic procedure. In October, the Enforcement and Removal Operations division of Immigration and Customs Enforcement had requested confidential criminal justice information, or CCJI, on a Gallatin County resident. Because the request pertained to a deportation proceeding, which is a civil rather than criminal matter under federal law, the records department asked Cromwell’s office for guidance on whether to comply with the request. In response, a civil legal assistant in Cromwell’s office advised that a court order would be required to release the information....

 

Trump Moves to Strip American Bar Association of Its Power - Donald Trump is opening a new front in his war on higher education.

Malcolm Ferguson, August 21, 2026 [The New Republic]

President Trump is trying to take away the American Bar Association’s ability to accredit law schools due to its being too woke.

The ABA is the leading accreditor for almost 200 law schools in the United States. Without its accreditation, a school’s graduates may not qualify to take the bar exam, and the school itself may not qualify for federal funding—two massive implications. Now the Education Department has published a 500-page report recommending the removal of that long-standing power because it believes the ABA is trying to “inject their own political preferences, their own ideologies into the work that they do.” ....

 

Private Prison Giant Gave Trump-aligned Super PAC $1.4 Million After Landing Mega ICE Contracts

Freddy Brewster, Luke Goldstein, August 20, 2026 [The Lever]

 

The buck stops somewhere else: A look at Trump’s tendency to avoid blame when things go awry 

[AP, via Naked Capitalism 08-16-2026]

 

Report: Trump Wants to Move Ford-Class Carrier’s Island for Appearance

[Maritime Executive, via Lambert Strether's Water Cooler 2026-08-20]

“In addition to the remarkable decision to remove the electromagnetic launch system and weapons elevators from future ships in the Ford-class carrier program, the White House has reportedly asked the Navy to relocate the entire superstructure to place it amidships.” More: “The intended practical advantages to this layout notwithstanding, the Navy is now studying a revamp of the design to put the island amidships, the way it was on older generations of pre-nuclear, conventionally-powered hulls. The motive is in part to make the ships more aesthetically pleasing for the president, according to new reporting by The Hill and the Washington Post. The Navy’s engineers have “begun moving out on options to meet the President’s intent,” a spokesperson confirmed to The Hill.” And: “The Washington Post reports that the cost of the redesign would be in the range of several billion dollars, on top of the $13 billion base price per unit. This extra cost would add to previously-announced multi-billion dollar change orders to remove the ships’ electromagnetic catapults and weapons elevators, two systems that the Navy has had significant difficulty in bringing to maturity.”

 

Strategic Political Economy

Years of US tariffs on China have largely failed to reduce dependence on Chinese suppliers

[Peterson Institute for International Economics, via Naked Capitalism 08-17-2026]

 

Global power shift

U.S. Pulls Last Aircraft Carrier Out of the East Asia: Iran War Killing West’s Anti-China Military Pivot

[Military Watch Magazine Editorial Staff, August-17th-2026]

 

Russia’s India Route, China’s BRI and Pakistan’s Dilemma: A New Battle for Eurasian Connectivity 

[India Narrative, via Naked Capitalism 08-18-2026]

Numbers travel further than rhetoric here. Russian crude supplied roughly 2 percent of India’s imports before 2022; by July 2026 the figure had reached 55.5 percent, a new high struck even as the Gulf burned (Discovery Alert 2026; see Figure 1). That is not diplomatic friendship. It is structural dependence, running in both directions, since Moscow now needs this buyer nearly as much as Delhi wants the discount, and Farrell and Newman’s (2019) network logic applies squarely: asymmetric position, not sentiment, is what generates leverage.

 

How China destroyed US sanctions against Iran, Russia, and North Korea 

[YouTube, via Naked Capitalism 08-22-2026]

 

Why China’s Grip on Iron Ore Is a Warning for the US Navy 

[The National Interest, via Naked Capitalism 08-16-2026]

 

China Is Moving Fast on AI. It’s Also Keeping It in Line. 

[Barron’s, via Naked Capitalism 08-16-2026]

 

China’s green revolution and what it means for the world 

[The Week, via Naked Capitalism 08-16-2026]

 

China Exports 1 Million Automobiles in a Month … Twice 

[Clean Technica, via Naked Capitalism 08-16-2026]

 

Oligarchy

Trump’s Billionaire Boys Club: How Donald Trump has stacked his administration with investment bankers and billionaire businessmen and women

[Public Citizen, August 17, 2026, via Lever News]

...  Among Public Citizen’s key findings:[5]

  • President Trump has hired at least 57 individuals with assets of ‘as much as’ $100 million or more to run the government’s public agencies or to act as U.S. ambassadors overseas;[6]
  • The combined declared assets of those 57 individuals range from $13.9 billion to more than $34.8 billion;
  • At least 31 of these individuals have declared assets of $100 million or more;[7]
  • Eight of the individuals are worth as much as $1 billion or more;
  • Nearly 34% of Trump’s cabinet are worth as much as $100 million or more;
  • Seventeen of these 57 ultra-millionaires are U.S ambassadors, the remaining 40 individuals have senior positions within a wide range of federal agencies;
  • The appointment of some individuals to senior government positions indicates a striking correlation to multimillion dollar donations to Trump’s presidential political campaign, associated political action committees, or his 2025 Presidential Inaugural Committee;
  • In total, 30 of the 57 individuals listed in the table below provided more than $65 million in campaign contributions to Trump associated political committees during the 2024 Presidential election cycle.

 

Monopoly Round-Up: What Happens When Oligarchs Stop Being Polite

Matt Stoller, Aug 16, 2026 [BIG]

Before getting to the full round-up, I want to go over something that is a pretty common tool used to push back against populist policy - the capital strike. That is when an employer or financier uses their ability to withhold capital to threaten a political entity in order to secure desired policy changes. In the 1920s, then-Treasury Secretary Andrew Mellon explained the basics: “Just as labor cannot be forced to work against its will, so it can be taken for granted that capital will not work unless the return is worth while.”

We are seeing this situation play out right now, as Paramount CEO David Ellison has told executives at his company that he will move the studio out of California if the Attorney General, Rob Bonta, does not allow his merger with Warner Discovery. He is also threatening to move CBS out of New York City to punish New York Attorney General Leticia James....

But in addition to being interest in and of itself, the Ellison threat is a useful lens to understand what will happen as the populist wave crashes into an entrenched class of oligarchs. After all, right now, there are virtually no examples of challenging billionaires directly, the Paramount-Warner example stands alone. But that will soon change, and we can expect similar reactions from Ellison’s cohort as they face real democratic pushback.

What could this rolling set of conflicts look like?

Let’s go back to Andrew Mellon, who was Treasury Secretary but also the owner of the aluminum monopoly, Alcoa. In 1930, when Democrats in Congress tried to lower the protective tariff on aluminum imports from five to two cents a pound, New York Senator Royal Copeland got a threat which caused him to change his position. If that tariff change happened, Alcoa would offshore its production to Canada. Copeland said the “people of this country are at the mercy of this monster monopoly, no matter what we do.” It was on “account of fear of the power of this corporation to bring distress, poverty, and unemployment to the American toiling masses” that he reversed himself, and maintained the tariff, and Alcoa’s profit margins, at a high level.

Ultimately, New Dealers did break the power of Alcoa, but it took until the 1940s to do that, with a ground-breaking antitrust case, explicit government investment in new aluminum companies, and bauxite and power resources from public lands. The capital strike in 1930 did block the reduction in tariffs, because Mellon had the capital, and the government didn’t develop an alternative means of delivering aluminum for years....

Get ready for a lot more of this dynamic, because we now live in a society where a small number of firms and individuals command trillions of dollars in capital, with tight control of intellectual property and infrastructure. Of course, it’s conceptually easy to destroy these threats of capital strikes, the government could simply supply capital when the superrich balk. That’s why what Mamdani is doing with grocery stores is so infuriating to the rich. You’d also need to break monopolies, weaken copyright and patents, and generally impose public utility rules on vital infrastructure.

The answer, in other words, is democracy. But if you go to Hollywood right now, you’ll find some workers who now want the Paramount-Warner merger to go through, because they believe it’ll keep jobs in California. Threats work, at least until we stand up to them and win.

 

They Don’t Care

Aurelien [via Naked Capitalism 08-20-2026]

... we have arrived at a situation where you can exercise power and authority, and have influence and demand respect, without the need to have any knowledge of things you are responsible for, to tell the truth about what you do know, or even to regard the search for truth itself as a justifiable and important pursuit.

But the origins of this problem lie, I think, not with Foucault or Derrida (though I’ll touch on them briefly) but with something very different: theories developed by right-wing economists in the 1960s and 1970s.

For years, economists on the fringes had been trying to persuade governments that inflation could be controlled by changes in interest rates. Putting rates up, they claimed, would (theoretically) reduce the demand for money, so that inflation would go down, at least for some values of “inflation,” and some types of interest rates. Inflation was a huge problem in the 1970s as a result of the 1973 oil price shock, and, whilst it was falling substantially by the end of the decade, the Tory government that came to power in 1979 was obsessed with inflation as a threat, and brought these ideas blinking out of the shadows and applied them. Now in practice, the result was a disaster: high interest rates pushed the Pound up and made exports un-competitive, companies went out of business, unemployment doubled, and, ironically, inflation shot up again as high interest rates increased costs. Whoops. But what’s important here is that this is the first known sighting of the idea that knowledge and truth were something to be imposed by fiat, not sought. There was no supporting evidence whatever for the hypothesis linking inflation and interest rates, but those involved didn’t care. The theory was by definition right because it was intellectually persuasive to them, and indeed it continues to have an influence even today.

As economies became more and more virtual, as production of practically everything was outsourced to China, and everything became financialised, statistics became steadily more ethereal. Once, the economic news would be about the balance of payments, the strength of sterling or the rate of unemployment and changes in industrial production. These were all real things that you could in principle measure, and had real effects on peoples’ lives. But now the powers that be have decided that they don’t care about such things and the practical effects on peoples’ lives. Indeed, they don’t care about the real world at all, the world in which we live. This became clear to many people for the first time in the 2008 economic crash, where an astonished public discovered that most of the wealth that was supposed to exist actually didn’t, and that for years clever bankers had been selling sliced-up underperforming mortgages to each other, which were actually worth nothing. Yet if anything, the problem has become worse, with the financialisation of financialisation itself, where the ruling class simply doesn’t care about the real world, but works itself into lathers about futures prices of barrels of oil, and how low they can get them so they can sell them at a profit later. No matter how often they are told that you can’t buy and sell things that don’t exist, they don’t understand and anyway they don’t care....

... knowledge today is derived from norms, and norms are enforced by power, just like the deconstructionists said, although probably not in the way they expected. Truths are normative truths, not pragmatic ones. Thus, Immigration is a Good Thing, costs and practical difficulties do not exist, and anyone who draws attention to them is a fascist. Thus also, entire institutions, in some weird Idealistic sense, are declared inherently “racist” or “sexist.” This is not a judgement about actions of individuals or even groups, but a judgement about the Idealist essence of vaguely defined entities which in fact are changing an evolving all the time. Since the essence of such institutions is decided in advance and can be taken for granted, any search for actual knowledge abut how they operate is unnecessary: critics just don’t care....

 

This Palantir Billionaire’s Passion Project is Criminalizing Homelessness

Sophie Hurwitz, Aug 22, 2026 [Mother Jones]

Joe Lonsdale, co-founder of the weapons-tech company Palantir, is also a major force behind the Trump administration’s policy of pushing unhoused people toward incarceration.

Lonsdale, a longtime critic of “housing first” policy—which proposes that homelessness be solved by supplying those in need of housing with somewhere to live—argues that fining and arresting people for sleeping in public will push them into mental health treatment....

The Cicero Institute, a lobbying group he founded eight years ago, has been instrumental in passing laws criminalizing camping or sleeping in public in 16 states, according to the New York Times. In total, the think tank has worked to pass 241 pieces of legislation in the past 5 years, on issues ranging from education to healthcare. Its c4 arm, Cicero Action, has engaged in lobbying related to military spending and defense contracts, according to the National Homelessness Law Institute. But time and again, Lonsdale and Cicero return to their push to eliminate unhoused people from public life....

 

Felonomics

GRAPH: Price increases since the start of the Iran War 2/28/26

[@charliebilello via The Big Picture, August 17, 2026]

 

Economists Blame $40 Trillion Debt Milestone on Two Things: GOP Ineptitude and Tax Cuts for the Rich

Jake Johnson, August 20, 2026 [CommonDreams]

 

Elon Musk Broke the FAA — Palantir Is Picking Up the Pieces

[The Verge, via The Big Picture, August 20, 2026]

On August 6 the Minneapolis air route control center lost radar and communications for two hours, disrupting more than 1,100 flights across a 330,000-square-mile, nine-state sector. Musk’s DOGE was supposed to rebuild the nation’s air traffic control system, but it ended up paving the way for Peter Thiel’s company to take over.

 

Bad Food: It’s not hard to follow the money

Joyce Vance, Aug 22, 2026 [Civil Discourse ]

 

Trump Is Blocking Billions of Dollars of Grants That Would Fix the Grid

[Canary Media, via The Big Picture, August 16, 2026]

Jeff St. John on the Department of Energy canceling or stalling funding for thousands of projects meant to shore up a stressed grid — and not only in blue states.

 

The carnage of mainstream neoliberal economics

The Enshittification of Big Food: Why the food on your shelf keeps getting worse

[The Future Market), via The Big Picture, August 19, 2026]

Mike Lee traces the 1990 swap of beef tallow for partially hydrogenated vegetable oil in McDonald’s fryers. The trans fats proved more dangerous than the saturated fat they replaced, and by the late 1990s were blamed for roughly 50,000 premature American deaths a year.

 

Copper squeeze builds with spreads surging and price near record 

[Mining.com, via Naked Capitalism 08-18-2026]

 

How an Alleged Wage-Fixing Scheme Is Fueling Historic Labor Uprisings 

[Sentient, via Naked Capitalism 08-20-2026]

 

Oil Majors Reap $93 Billion Windfall From the Iran War

[Oil Price, via Naked Capitalism 08-17-2026]

 

Rising US life expectancy isn’t what it seems

[Salon, via Naked Capitalism 08-16-2026]

 

Health care crisis

Universal Health Coverage Could Save $1 Trillion and 114,000 Lives Every Year, Yale Study Projects

Matt Kristoffersen, August 13, 2026 [Yale School of Public Health]

A single-payer universal health care system could cover every American, save more than 100,000 lives a year, and still cost $1 trillion less than the system it would replace, according to a new preprint study led by researchers at the Yale School of Public Health.

For the study, which has not yet been peer reviewed, the researchers modeled what would happen if the United States adopted a national public insurance program like the one proposed in the Medicare for All Act. Using 2024 spending, insurance coverage, and mortality data, they estimate that the universal coverage would reduce annual health expenditures by $1.04 trillion, or nearly 20% — even after accounting for the additional care that uninsured and underinsured people would receive.

 

Hospital Prepayment Rules Add New Wrinkle to Patients’ Financial Responsibility 

[MedPage Today, via Naked Capitalism 08-22-2026]

 

Her Brain Was Broken. It Was Fixed With Sound—Not a Scalpel

[Wired, via The Big Picture, August 19, 2026]

One woman’s meth addiction was so bad, the only option left might have been brain surgery. Then a single session of noninvasive, focused ultrasound seemed to do what years of treatment could not. Emily Mullin on Erin McNulty, missing for weeks and years into methamphetamine use, and the focused-ultrasound procedure that reached her without surgery.

 

The U.S. Healthcare System is Already Mostly Socialized

Paul Krugman [via The Big Picture, August 18, 2026]

Krugman examines the framing fight in Michigan’s Senate race, and why “socialized medicine” is an odd attack line against a system that already is. And there’s nothing radical about wanting to end insurance company parasitism

 

Restoring balance to the economy

Are Insurers Overcharging in Your State?

Brian Shearer and Vanderbilt Policy Accelerator, Aug 17, 2026

In April, I published two papers describing how property insurance is too expensive, and More Perfect Union just posted a great video explaining it. Today, we’re also releasing a new data tool that lets you see exactly how much insurers may be overcharging in your state, drawing on 25 years of insurance regulator data across every state and five major insurance lines.

Everything from auto and homeowners’ insurance to workers comp and liability insurance has become more expensive than necessary. Property insurance is one of the few markets where the government has veto-power over the prices and yet state insurance regulators have allowed the costs to creep up to $1.1 trillion per year. That’s twice what people pay for all utilities combined, so this is a major part of the overall affordability crisis. And it’s not just consumers who pay – businesses across the country are being price gouged too. Insurance is one of the biggest costs for restaurants and small businesses, and a major cost for developers building affordable housing.

The reason prices are so high is simple. Insurers are charging more than they need to cover losses from actual claims, generating extra revenue to pay for wasteful spending on dividends, stock buybacks, excessive advertising budgets and high agent commissions, private jets, and other expenses....

 

 

Information age dystopia / surveillance state

The Flock Uprising Is Just the Beginning

[Salon, via The Big Picture, August 16, 2026]

The public rebellion against Flock’s AI-powered surveillance cameras — sold to local governments as mere “license plate readers” — has turned into a national cat-and-mouse game between vandals and cops.

 

Flock Cameras Are Going to Get Drivers Killed

[Jalopnik, via The Big Picture, August 16, 2026]

Justin Hughes on how often the readers get it wrong, and what happens when police act on a bad hit.

 

Technology and Constitutional Rot

[Yale Law School, via Naked Capitalism 08-18-2026]

Technological change affects the Constitution not only by creating new problems of constitutional interpretation, but also by changing the distribution of economic and political power. New technologies alter what governments and private actors can know, control, predict, and accomplish. When constitutional institutions fail to adapt, large shifts in power and control can lead to constitutional rot: the process by which a democratic republic becomes less democratic and less republican over time. The United States has suffered from increasing constitutional rot over the past four decades; rapid technological change has made the rot worse.

Our Second Gilded Age has many similarities to the technological and economic upheavals of the First Gilded Age, which was also a period of constitutional decay. We now live in the Algorithmic Society, where public and private decision making increasingly depend on algorithms, artificial intelligence, platforms, large-scale data collection and digital surveillance. The Algorithmic Society produces an Algorithmic State, including a National Surveillance State organized around prediction and prevention. These changes disproportionately strengthen the executive branch, weaken Congress, limit practical judicial oversight, and increase government’s dependence on powerful private firms and privately-owned technological infrastructure.

Large global technology companies increasingly exercise governing power over communications, commerce, national security, access to information, and public debate. As a result, government and technology firms engage in repeated attempts at mutual co-optation, blurring traditional distinctions between public and private power. Digital platforms reshape the public sphere through an attention economy that weakens knowledge, intensifies political polarization, and erodes trust. These changes exacerbate four central features of constitutional rot: growing wealth inequality, political polarization, loss of trust, and policy disasters.

Despite these dire circumstances, the United States has recovered from periods of constitutional rot before. The First Gilded Age gave way to the reforms of the Progressive Era and the New Deal. Today constitutional renewal involves a different set of reforms: new digital privacy laws and new antitrust, civil-rights, and due-process protections. Renewal means reconstructing and improving the knowledge institutions that underwrite our democracy. It requires structural changes that better allow Congress to check and oversee the executive branch. And it requires reforms that secure and strengthen our system of democratic representation.

 

Meta faces a $1.4 trillion reckoning in latest trial over social media addiction

[Engadget, via Naked Capitalism 08-18-2026]

 

Facebook Is Drowning In Islamophobic AI Slop Calling for Violence Against Muslim Americans

[Futurism, via Naked Capitalism 08-18-2026]

 

Climate and environmental crises

The Strait of Hormuz Isn’t the Only Major Shipping Route in Crisis

Kate Aronoff, August 21, 2026 [The New Republic]

Two other vital maritime waterways are snarled—due not to war, but the climate. This is the new normal....

Water levels in Germany’s Rhine River—one of Europe’s busiest shipping routes—have been at record lows amid weeks of drought, forcing cargo carriers to cut shipments to as little as one-fifth of normal capacity. Those problems didn’t start this summer, either. Rising temperatures caused by climate change have meant less snow in the Alps during the winter, and so less meltwater draining into the Rhine in warmer months. ING, the Dutch banking giant, estimates that the halt of traffic on the Rhine ​will lower Germany’s gross domestic product by 0.3 percentage points this year, which is especially bad news considering the country was on track to grow by just 0.8 percentage points all year. German insurer Allianz likewise estimates that the brutal two-week heat wave in June will cut all of Europe’s GDP by 0.3 percentage points. In May, Allianz analysts had already projected that the countries most exposed to extreme heat—France, Japan, Italy, Germany, and Spain—will see economic output that’s 5 to 7 percent lower than it would have been otherwise by 2030.

It’s not just Europe. The cost of shipping goods through the busiest lanes in the Panama Canal have jumped to record highs amid falling water levels and increased traffic from vessels redirected from routes disrupted by the Iran war. The Financial Times reports that transit slots on the canal’s most commonly used locks are being auctioned off for 16 times the average price for the same period last year. The ongoing El Niño—on track to be the strongest such event in 76 years—has seen wet season rainfalls slip below previous levels. Climate change has already made rainfall there much less predictable, meaning extreme droughts and floods both threaten to “push canal infrastructure past its operational limits,” The New York Times reported....

 

Low Rivers, High Stakes: Europe's Nuclear Cooling Crisis

Felicity Bradstock - Aug 21, 2026 [oilprice.com]

 

Democrats' political malpractice

Hakeem Jeffries’ Betrayal Shows Why Democratic Voters Are So Enraged

David Sirota, August 17, 2026 [The Lever]

House Democratic Leader Hakeem Jeffries (N.Y.) announced his opposition to Medicare for All on the same day a CBS News poll found 90 percent of Democratic voters support the idea — and 72 hours after a Yale University study showed the program would save 114,000 American lives and $1 trillion every single year.

Here’s some important context: Jeffries has raked in hundreds of thousands of dollars of campaign cash from healthcare PACs in the 2026 election cycle and didn’t face any primary challenge holding him accountable to Democratic voters’ desires, despite him representing a deep New York City blue district....

 

All the Change in the World 

Thomas Frank [Harper’s, via Naked Capitalism 08-22-2026]

... Despite its text-inflected architecture and its staggering price tag, the Obama Center is, in fact, not a presidential library at all: it houses no official presidential records for researchers to dig through. Those are stored in a National Archives facility somewhere in suburban Maryland. With this magnificent granite chunk, in other words, the vanity side of postpresidential structures has finally and totally eclipsed the research side. Instead of archives, the Obama Center features beautiful landscaping, a restaurant and bar, an athletic center, and up in the tower an Obama museum that trumpets what is flattering to its subject and omits what is not....

I intend no insult when I use the word “elite”; it is the only word that accurately represents the dazzling list of names one finds on the Obama Center’s donor wall. In the fifty-million-dollars-and-up category we find Jeff Bezos, of Amazon and the Washington Post; Connie Ballmer, the wife of a former Microsoft CEO; Brian Chesky, the CEO of Airbnb; TWG Global, an AI-focused holding company; a foundation associated with the private-equity billionaire Glenn H. Hutchins; and a mystery donor identified as Anonymous.
 
These patterns persist in the more densely populated donor categories: tech and private equity, multibillionaires and dynastic wealth; great foundations and the biggest of big corporations. Eric Schmidt and Sean Parker are there, as are Microsoft and the Gates Foundation. Ken Griffin, a financier who supports conservative causes, shows up in the 1-to-9.9-million-dollar category, along with the personal foundation of the Walmart heiress Alice Walton and the Walmart Foundation itself....
 
Fifteen years ago, conservatives used this sort of anodyne sentiment—then as now one of Obama’s favorite modes—to spin nightmares about our “radical” president and how he intended to “socialize” America. Others, like me, brushed it off because we came to see Obama as a moderate’s moderate, a would-be Blue Dog Democrat, a man who honored norms, precedent, and incrementalism to a self-sabotaging degree. This man was no progressive, we would realize: he was a fan of the New York Times columnist Thomas Friedman; chose Larry Summers as his principal economic adviser; and longed to strike a “grand bargain” with the Republicans in Congress. (Cuts to Social Security and Medicare in exchange for tax increases, for those who don’t remember.)
 
To judge by the Obama Center, however, one might wonder whether those right-wingers were on to something after all. Summers and the pursuit of a “grand bargain” are not mentioned in the museum; they have been removed from the official account. But Rules for Radicals is sold in the gift shop. And the museum does describe—at length and in some detail—the history of left-wing protest in America. Exhibit after exhibit carries visitors to the unavoidable conclusion that Barack Obama was somehow the bearer of the sacred flame of reform, the heir of the Progressives, the women’s-suffrage movement, the New Deal, the civil-rights movement, the various upheavals of the Sixties, the Eighties Chicago mayor Harold Washington, and pretty much any other left-wing insurgency you can think of. He was, the museum suggests, the most progressive president anyone could possibly hope for.
 
Powerful institutions cloaking themselves in the trappings of radicalism has been a familiar phenomenon ever since the nation’s corporations, foundations, electric utilities, and intelligence agencies decided a while back that they needed to depict themselves as intersectional warriors against colonialism and white supremacy. But here the stratagem indicates something more meaningful....
 
 

Resistance

The Supreme Court’s Greatest Weakness: A History of Successful Defiance - How states, presidents, and Congress have repeatedly defied the Supreme Court and won

Christopher Armitage, Aug 16, 2026 [The Existentialist Republic]

 

America Has the Parts to Build What the EU Built: A Toolkit for Beating Autocrats.

Christopher Armitage, Aug 18, 2026 [The Existentialist Republic]

Just a few months ago, Hungary held an election with roughly 80 percent turnout and threw Viktor Orbán out of power after sixteen years. Péter Magyar’s Tisza Party, which ran on naming the Orbán government’s corruption openly and promising specific measures to dismantle it, won 53.18 percent of the vote and 138 of the 199 seats in parliament, a two-thirds supermajority, while Orbán’s Fidesz took 55 seats. Magyar’s 3.3 million votes were the most any party has ever received in democratic Hungary. The textbook case of a seemingly successfully captured regime ended at a ballot box the regime itself had spent over a decade engineering to be unloseable.

Orbán lost because several conditions converged, and one of them was that the European Union spent years successfully deploying a working soft-power apparatus that starved his patronage system of the money it ran on. Over the course of the Orbán government’s standoff with Brussels, the EU froze tens of billions of euros earmarked for Hungary on rule-of-law grounds, with around 18 billion still frozen at the time of the election and over a billion permanently forfeited when the first tranche of suspended funds expired at the end of 2024. That money had been the lifeblood of the Fidesz network, much of it historically funneled to Orbán-connected oligarchs who in turn kept the regime’s coalition loyal. Cut off the money and the coalition gets fragile. When Tisza ran a credible challenge, the coalition broke. The collapse was policy doing exactly what it was designed to do....

 

 

The (anti)Federalist Society assault on the Constitution

Deploying To SCOTUS: Big Oil’s Dark Money Army

Freddy Brewster, August 20, 2026 [The Lever]

Dark-money conservative groups and Big Oil interests have quietly mobilized behind a landmark Supreme Court case that could restrict when and how states and municipalities can seek climate damages from fossil fuel companies. At the center of the case is an oil and gas company linked to a major Trump donor and personal ally of Justice Samuel Alito.

Suncor Energy Inc. v. Board of County Commissioners of Boulder County will decide whether states and local municipalities can sue oil and gas companies that knew fossil fuels contributed to worsening natural disasters and hid it from the public. Suncor is partially owned by Elliott Investment Management — a private equity firm led by Trump donor Paul Singer, who has vacationed with Alito — and has attracted the attention of the dark money network associated with Leo Leonard, the billionaire-backed architect of the far-right Supreme Court....

Consumer Watchdog found that at least 16 of the groups that filed amicus briefs supporting the oil and gas companies are funded by the Koch Network, a petrochemical-fueled conservative coalition, and nine of the groups received funding from Leo’s dark money machine. Ten of the groups were partially bankrolled by the Sarah Scaife Foundation, a conservative nonprofit that helped fund the Heritage Foundation as it wrote the Project 2025 blueprint to remake the federal government under the second Trump administration.

 

 

How the Supreme Court Kicked Off America’s Sports Betting Addiction Crisis

Madiba K. Dennie, 08.18.26 [Talking Points Memo]

In 2017, Americans legally wagered $4.9 billion on sporting events. Last year, they bet over $165 billion. And the true costs of their bets were even higher: One-quarter of sports bettors, surveyed by U.S. News last summer, worried that they couldn’t control their gambling. Over 30,000 people reach out to the National Problem Gambling Helpline every month.

“Problem gambling,” a term referring to an inability to control gambling behavior that results in personal or financial harm, is at least twice as common among sports bettors as among gamblers in general. It’s unsurprising, then, that Congress enacted a law decades ago that prohibited sports gambling throughout much of the country. But in 2018, the Supreme Court struck that law down, freeing states to partner with the gambling industry to profit off their vulnerable residents. A growing body of research shows Americans are now paying the price.

Before the Court’s decision in Murphy v. National Collegiate Athletic Association, only four states authorized some form of sports betting. One year after Murphy, 19 states and the District of Columbia authorized sports betting. Today, 39 states and Washington, D.C., have laws authorizing sports betting. Most allow people to place mobile bets, which means that millions of Americans now carry an addictive bankrupting device in their pockets.

The consequences have been predictably grim. A June 2026 study of patient records showed that in states that legalized sports betting, diagnoses of gambling disorder increased by more than 60 percent since the Court’s ruling. A March 2026 study found statistically significant increases in people falling 90 or more days behind on their car loan and student loan payments—both in states that legalized sports betting and in counties within 15 miles of a legal state....

[TW: I have written a number of times that one of the key principles of civic republicanism is a civic duty to "do good." Such abhorrent Supreme Court decisions can be easily struck down by simply defining these principles of civic republicanism if we somehow manage to revive the philosophy. ]

 

Civic republicanism

How 10,000 American Cities Got Their Names

[Wall Street Journal, via The Big Picture, August 18, 2026]

Carl Churchill mines a century-old federal report in which geographer Henry Gannett of the United States Geological Survey catalogued the origins of some 10,000 town and city names. Good semiquincentennial reading. The federal government used to catalog the origins of town names nationwide. A 334-page report reveals the influences that shaped American communities as they spread across the country.

[TW: Conservatives like to stoke the cultural war issue of "patriotism." And liberals and the left have stupidly allowed conservatives to dominate the discussion of public virtue, and "patriotism." What could be more patriotic than understanding the historical background of where you live? The national government in the 1920s funding a United States Geological Survey project to identify and record the origins of town names is a great example of promoting the General Welfare - in no small part because there is no immediately obvious link to the General Welfare. Contrast this to Margaret Thatcher's notorious principle of conservative economics / neoliberalism, "There is no such thing as society."  As conservatives like to argue, USA is a republic, not a democracy. But they have no idea what the actual governing principles of a republic should be. In fact, they are hostile to those principles, because they point to imposing strict and severe limitations on capitalism and "free enterprise" and a fundamental hostility to concentrations of economic power.]

 

The Hidden Debt That Apple Owes to the CIA

[WSJ, via Naked Capitalism 08-20-2026]

Without CIA funding that helped keep NeXT afloat in the ’80s, Steve Jobs might not have made a triumphant return to Apple—and the iPhone might not have its foundational operating code.

[TW: Just one example of Alexander Hamilton's policies and how USA was actually built (see the links at the end): government promotion of science and technology."]


Sunday, August 16, 2026

Week-end Wrap – Political Economy – August 16, 2026

Week-end Wrap – Political Economy – August 16, 2026

by Tony Wikrent

 

War on voting

How Many States Does It Take to Steal an Election? One, and It Already Happened. Texas alone handed over 18 million voter records and signed a removal agreement.

Christopher Armitage, Aug 13, 2026 [The Existentialist Republic]

Eighteen states have handed their complete voter files to the Trump Justice Department, the drivers license and Social Security numbers of every registered voter included. Between them, those eighteen states hold 148 US House seats, 36 Senate seats, and 184 electoral votes, roughly two thirds of what it takes to run the House, the Senate, and the White House.

A March 2025 executive order ordered states to change how they run elections and threatened to withhold federal money from the ones that refused to comply. The Justice Department went straight for the data, asking all 50 states and the District of Columbia to hand over their voter files. The Department of Homeland Security rebuilt a dormant database called SAVE so states could run those files through it for citizenship checks.

A second order, in March 2026, told the Postal Service to deliver ballots only to voters on a federally approved list. Financial pressure was also applied via grant conditions that make states rewrite their election rules and run their rolls through SAVE or lose 20 percent of their homeland security funding, a program worth more than a billion dollars. DHS made those conditions official in July, and two dozen states sued within two weeks....

 

A New Draft Rule for the Census Seeks Sweeping Changes to How Political Power Is Allocated - PM is publishing the Trump administration’s plan for changes to political apportionment and Census data collection.

Layla A. Jones and Josh Kovensky,  08.11.26 [Talking Points Memo]

 

War

Pentagon Drafting New Nuclear Strategy To Expand Options for Tactical Nuclear Weapons Use 

[Antiwar.com, via Naked Capitalism 08-11-2026]

Previously reported via Scott Ritter but important not to miss.

 

Deep Intel on Carrier LINCOLN's Morale Crisis (YouTube video)

Ward Carroll, August 14, 2026 [YouTube]

4:53

The problem started with the loss of Fifth Fleet headquarters due to Iranian ballistic missile and drone attacks early in the war, which some war planners might describe as a single point failure. According to Vice Admiral Verisimo, quote, "When Bahrain was no longer a port for logistics, food and mail, all the gear that was there when the shooting started got stuck there." So that was an initial very large backlog. That also caused us to undergo very contested logistics, very difficult and long supply lines, we had to prioritize food, which was also a challenge and remains on occasion to be a challenge. End quote.

 

Deadly clash aboard US carrier Abraham Lincoln leaves seven dead, several injured: Report

[Press TV, via Naked Capitalism 08-12-2026]

Seven US Navy personnel have reportedly been killed and several others wounded in a violent clash aboard the USS Abraham Lincoln, as growing unrest among the carrier’s crew has exposed mounting pressure inside the US military amid a prolonged deployment.

The incident erupted after an adviser to US Central Command (CENTCOM) chief Brad Cooper boarded the carrier to address mounting complaints from crew members following protests by their families over the ship’s prolonged deployment, according to Tasnim News Agency, citing an informed military source.

The adviser was reportedly met with boos and had water bottles thrown at him while addressing a gathering of personnel.

The confrontation subsequently escalated into a fight among crew members involving knives and other bladed weapons, leaving seven personnel dead and several others wounded, according to the source....

 

Multiple USS Abraham Lincoln sailors have tried to go overboard amid extended deployment, families say

[Military Times, via Naked Capitalism 08-12-2026]

 

U.S. has lost 45 MQ-9 Reaper drones, roughly 25% of fleet, in Iran war

[Washington Post, summarized by Drop Site Daily: August 14, 2026]

The U.S. military has lost at least 45 MQ-9 Reaper drones during its war with Iran, representing about a quarter of the pre-war fleet and a potential taxpayer cost exceeding $1.3 billion, according to three officials cited by The Washington Post on Friday.

 

Ukrainian drones wipe out entire US tank brigade in live war game 

[Ars Technica, via Naked Capitalism 08-14-2026]

 

How Iran Adapted Its Attacks as U.S. War Munitions Dwindled

[New York Times

 

Russian Arena-M Active Protection System Finally Comes of Age on the Battlefield

[Simplicius, via Naked Capitalism 08-11-2026]

...As a first quick background, the Arena-M was originally created to stop various munitions like ATGMs and Javelins, including from “top attack” mode. These are obviously no longer a problem compared to the pervasiveness of drones. But here is test footage of an Arena-M system on a T-72B3M intercepting a small missile from a top-attack and direct trajectory as example of how it works:

The system works by having a small millimeter-wave doppler radar which detects incoming projectiles and then launches a hard-kill countermeasure that is timed and fused to explode near the tank which showers the incoming projectile with shrapnel.

Now, in a recent assault in the Dobropillya direction out of Shakhove, near Pokrovsk, Russian forces reportedly used tanks with these Arena-M systems for the first time. Footage released by the Azov Corp which defends the area showed one possible shoot down of an FPV drone by the Arena system....

But the shocker was that major pro-Ukrainian figures which included American analyst Rob Lee and a Ukrainian Special Operations veteran Dmytro Putiata spoke to the Azov units involved in the attack and learned that the Arena-M system actually worked remarkably well....

 

Trump not violating any law

'He who saves his Country does not violate any Law'

Trump Stuns By Saying ‘I Don’t Know’ When Asked Directly NBC’s Kristen Welker ‘Don’t You Need to Uphold the Constitution?’

Joe DePaolo, May 4th, 2025

 

Trump Makes Crime Legal

James Baratta, August 14, 2026 [The American Prospect]

The Paris-based Financial Action Task Force, a global money laundering and terrorist financing watchdog, has likened shell companies to a “getaway car” for illicit actors. For transnational criminal networks and foreign kleptocrats alike, shell companies have been instrumental in hiding assets from the prying eyes of governmental authorities. This is precisely why Congress, with strong bipartisan support, passed the Corporate Transparency Act (CTA) as part of the National Defense Authorization Act six years ago. Moreover, when Secretary of State Marco Rubio was a U.S. senator in 2020, he touted the CTA as “the most significant anti-corruption and money laundering law in decades.”

A key plank of the CTA requires American companies and individuals to report beneficial ownership information to the Treasury Department’s Financial Crimes Enforcement Network, which defines beneficial owners as having at least a 25 percent stake in, or “substantial control” over a company. But that requirement is going away.

The Treasury Department has published its final rule permanently exempting companies and individuals in the U.S. from disclosing beneficial ownership information. The rule also deletes all beneficial ownership data that domestic companies have already submitted to the Financial Crimes Enforcement Network. The Treasury Department stopped enforcing the beneficial ownership information reporting requirement for American companies and individuals when it first announced the rule in March 2025. Law enforcement groups, national security experts, and small business associations have since been sounding the alarm on the rule and calling on the Treasury Department to reverse course....

 

A Green Light for Crooks - The Treasury has made the American economy a safe space for corruption.

Casey Michel, August 14, 2026 [The Atlantic]

 

[X-Twitter, via Naked Capitalism 08-14-2026]

Wally Rashid
@wallyrashid
This means if foreigners decide to create a shell company in Delaware to fund superPACs in elections, which is illegal, there is no way of knowing. Here is AIPACs lobbying disclosure form showing they lobbied the Treasury Department and State Department on pushing this through.
 

Birthright Citizenship, Redux 

[Steve Vladeck, via Naked Capitalism 08-11-2026]

 

Trump Wants Black People Barred From Med School

Naomi Bethune, August 14, 2026 [The American Prospect]

By targeting medical schools for prioritizing diversity, the Trump administration insists on a century-old belief that Black people are unequipped to practice medicine....

PRIOR TO THE SUPREME COURT’S 2023 decision, the number of Black medical students was slowly trending upward. In 2024, however, the enrollment of Black medical school students fell nearly 12 percent. The Trump administration’s assault on medical school admissions practices that encouraged enrolling students from diverse racial and ethnic backgrounds will only compound this decline....

 

 

Heather Cox Richardson, Aug 14, 2026 [Letters from an American]

On August 10, ICE published a notice that it would spend up to $20 million on shock gloves that deliver a painful charge of electricity to subdue individuals. Jeremy White of Wired reported today that the glove is supposed to subdue someone in three seconds or less and the manufacturer warns that the device should not be used for longer than 15 seconds; no more than one pair should be used at the same time on one person; that operators must touch only arms or legs, strictly avoiding head, face, throat, chest, and groin; that gloves must not be used on the elderly, children, pregnant women, or people with severe disabilities; and that the technology must not be used to stop people from talking back, as punishment, or to torture.

 

The Five Scandals Within the "Air Force One" Scandal - Donald Trump, a Catering Truck, and the Qatari "Air Force One" represent a Russian Nesting Doll of Scandal and Corruption

Garrett Graff, August 12, 2026 [Doomsday Scenario]

 

Strategic Political Economy

Surveillance vs guillotines

Cory Doctorow, August 11, 2026 [Pluralistic]

In the summer of 2013, two esoteric, technical, incredibly important texts were published within weeks of one another: the first is the Snowden leaks, which revealed a system of global, pervasive digital surveillance; the second was Thomas Piketty's Capital in the 21st Century, a book about the economic inevitability (and political instability) of oligarchy:

https://memex.craphound.com/2014/06/24/thomas-pikettys-capital-in-the-21st-century/ ....

Piketty's landmark volume was grounded in a detailed analysis of 300 years' (!) worth of global capital flows, painstakingly compiled by a large team of grad students from a massive set of heterogeneous records. The book's conclusion is the statement that "returns to capital exceed the rate of growth over the long term" (abbreviated as "r > g").

This may sound innocuous, but it is explosive. If r > g, then the most wealth will inevitably accumulate in the hands of people who start with the most wealth, irrespective of whether they do anything productive with that money. This means that the alleged heroes of the market system – the entrepreneurs who found and manage the firms that increase public prosperity – are doomed to play second fiddle to the mere plumbers of money, people who "contribute" by accumulating....

Piketty shows that this holds true across markets and nations and eras: all other things being equal, the market system produces a class of hereditary aristocrats who command the world's capital and direct its deployment, despite never having done anything. The market's most lavish rewards do not go to its most productive participants, but rather, to those participants who have the good fortune to emerge from the luckiest of orifices....

Take Bill Gates: his ideological projects have been a catastrophe. A patent maximalist, he funded the lobbyists who successfully blocked South Africa from producing its own AIDS drugs under an IP waiver program, and then deployed them again to stop the Global South from making their own covid vaccines:

https://pluralistic.net/2021/04/13/public-interest-pharma/#gates-foundation

Closer to home, Gates's hatred of public institutions led him to allocate millions to dismantling public schools and replacing them with charter schools, particularly for poor and racialized kids, with disastrous results:

https://pluralistic.net/2026/03/09/autocrats-of-trade-2/#witness-the-firepower-of-this-fully-armed-and-operational-battle-station

And of course, Gates supported and empowered Jeffrey Epstein and his rape island:

https://en.wikipedia.org/wiki/Bill_Gates#Connection_with_Jeffrey_Epstein

Capital's tendency to accumulate in the hands of the already wealthy (r > g) means that these aristocrats end up setting an ever-larger proportion of our societal agenda, despite their manifest unfitness to govern and their absence of any kind of democratic legitimacy....

The Trump years are proof of this. We've reached a high-water mark for rule by illegitimate billionaire dilettantes. The second Trump admin began with DOGE's Bonfire of the Stupidities, where Musk cultists dismantled vast swathes of the American administrative state. Musk didn't just attack foreign aid – though the fact that the world's richest man murdered hundreds of thousands of the world's poorest children for the lulz isn't merely cruel, but also massively destabilizing in a way that will shake the world's politics for generations – but also domestic institutions. It was a DOGE cultist who fed the part of the NIH that tracks cyclosporin outbreaks into the wood-chipper:

https://truthout.org/articles/disease-researchers-blame-doge-cuts-for-spiraling-cyclospora-outbreak/

Today, tens of thousands of Americans are experiencing the literal enshittification of the American state, and this isn't just a human tragedy (though it is), it's also an economic tragedy, with massive knock-on effects for the businesses that rely on those sickened Americans and for the agricultural sector whose outputs are now being shunned by millions. Whether it's letting Bill Gates decide how your schools will work or letting Elon Musk decide how your public health system runs, the result is political chaos and a societal nudge away from the rule of law and towards guillotines.

Which brings me back to Snowden. The Snowden revelations did spur a global conversation about digital surveillance, with the result that the majority of the world's digital traffic is encrypted today. That's not nothing.

But the American state found new ways to conduct mass-scale, global surveillance, often by collaborating directly with tech giants. Billionaires like Peter Thiel capitalized on Big Tech's conflicted feelings about openly participating in surveillance by founding Palantir, with the express mission of murdering the political opponents of oligarchy:

https://www.thecanary.co/trending/2026/01/07/palantir-kill-communists/

Over the past decade, the steady march of digital technology, dominated by a cartel of giant global firms who collude with the US government's system of political repression in exchange for tax breaks, antitrust forbearance and fat federal contracts has yielded more mass surveillance productivity gains than the previous 25 years:

https://apnews.com/article/trump-inauguration-tech-billionaires-zuckerberg-musk-wealth-0896bfc3f50d941d62cebc3074267ecd

The Trump administration is the most unpopular in more than a century. Trump has stolen more money in office than any president in history. Trump presides over spiraling greedflation and collapsing buying power. The Trump administration has also presided over a titanic increase in state-aligned, privatized surveillance. The Trump years are the Flock years:

https://newrepublic.com/article/206992/flock-safety-cameras-alpr-deflock-resistance-nationwide

The Trump years are the Palantir years:

https://www.nytimes.com/2025/05/30/technology/trump-palantir-data-americans.html

The Trump years are the facial recognition years:

https://www.aclu.org/news/privacy-technology/ice-face-recognition

Trump's authoritarianism is a function of his misrule, and his misrule is enabled by his authoritarianism. The more he steals, the more he destroys with wars of choice, and incoherent tariff policies, and official pronouncements linking autism and vaccinations, the more he needs spy cameras, internet surveillance, vehicle tracking, and facial recognition. Every time Trump talks about a third term in office, or canceling elections, or suppressing the vote, he creates demand for mass surveillance to catch and imprison the people this drives into the streets. The more mass surveillance there is, the safer it is for him to commit unpopular, corrupt acts. It's the world's worst self-licking ice-cream cone.

It's not just Trump, of course. Trump is the vanguard of a movement of orifice lottery winners whose delight in stealing, cheating, maiming and despoiling gives rise to political instability and requires them to divert some of their yacht money to mercenaries:

https://theintercept.com/2026/06/25/police-luigi-mangione-wealthy-ceos-threat/....

 

Why Peace Would Spell Ruin for the Global Elites

[Forvm Geopolitica, via Naked Capitalism 08-10-2026]

 

Global power shift

Why the Mecca Agreement is a necessary show of force 

[Middle East Eye, via Naked Capitalism 08-11-2026]

... What finally pushed Crown Prince Mohammed bin Salman, who had spent billions investing in US President Donald Trump, to sign a mutual defence pact with Turkey and Pakistan will be a matter for historians to work out.

But at a guess, I would say the Chinese have it right. So far there has been no official statement from the Chinese foreign ministry, but the official Xinhua agency put it like this:"America is unreliable: Saudi Arabia, Turkey and Pakistan sign a defence agreement."

China could have taken the view that the pact is an 'Islamic Nato', but it does not. Rather, it views this pact as a direct result of the US and Israel’s military disaster in Iran.

Xinhua quoted Yan Xuetong, dean emeritus of the Institute of International Relations at Tsinghua University, who said that the war has not only prompted the Arab nations under the US military umbrella to question Washington’s actual military strength, but also its ability to protect them.

Regional states had come to realise that their national security "can not depend on the United States, but must depend on themselves", Xuetong said.

 

The Great Solar Wall: China doubles down on its ambitious effort to tame deserts

Victoria Bela, 6 Aug 2026 [South China Morning Post]

... Solar is poised to overtake coal as China’s largest source of installed power capacity by the end of the year, with much of it under construction in its western and northern regions, including Inner Mongolia and the Xinjiang Uygur autonomous region, with their abundant sunshine and land.

In 2022, China’s National Development and Reform Commission issued a plan to build large-scale wind and solar projects in the arid regions – including the Gobi Desert – to reach an installed capacity of 455 gigawatts by 2030, according to Xinhua.
This would be equivalent to the capacity of around 20 of China’s Three Gorges – the largest hydroelectric facility in the world – and more than seven times the planned Yarlung Tsangpo mega-dam project.
 
[Tom’s Hardware, via Naked Capitalism 08-09-2026]
 
 
He Huifengin, 10 Aug 2026 [South China Morning Post 
 

Gaza / Palestine / Israel

Israel’s campaign to make southern Lebanon ‘unliveable’

Raya Jalabi in Beirut and Aditi Bhandari in London, Aug 12 2026 [via Naked Capitalism 08-15-2026]

An FT visual investigation with journalism non-profit Lighthouse Reports found systematic destruction across Israeli-occupied southern Lebanon, including tens of thousands of homes, schools, farmland and forests.
 
Analysis of satellite imagery, open-source data and verified footage shows that much of the damage occurred after Israeli forces established control over emptied villages in mid-April. It has rendered large areas uninhabitable, destroying systems needed for civilian life, from water and energy infrastructure to medical care, a tactic rights groups and legal experts say appears designed to prevent residents’ return.
 
“It’s an extensive, long-lasting and organised attack on the people of southern Lebanon,” said Kristine Beckerle, a deputy director at rights group Amnesty International. “If you raze everything to the ground, critical infrastructure and healthcare, if you scorch the earth, you are creating effective wastelands that are unliveable and making it very difficult for people to return to southern Lebanon.”
 
But weeks into the latest conflict, defence minister Israel Katz invoked a different approach, one used with devastating consequences after Hamas’s October 7 2023 attack: the “Rafah and Beit Hanoun model”, a reference to Israel’s wholesale levelling of cities in Gaza. “All homes in Lebanese villages near the border will be destroyed,” Katz said.
 
By July, Katz claimed his threat had been carried out. “Twenty-four Lebanese villages, hundreds of years old, we destroyed all the buildings,” he said, boasting that up to 20,000 homes had been demolished. “Not house by house, but entire villages.”
 

Oligarchy

The Golden Billion and the New Malthusian Order 

[MultiPolar Press, via Naked Capitalism 08-11-2026]

Konstantin Malofeev, the Russian businessman, Orthodox conservative, and founder of the Tsargrad media group, has issued a stark warning about what he sees as the emerging politics of global depopulation. His argument about the “Golden Billion” begins from a simple observation. The rulers of the richest countries speak more and more often about limits: limits to population, limits to consumption, limits to energy use, limits to travel, limits to economic growth. At the same time, those who preach these limits rarely live within them. Malofeev points to a recent study proposing that the world population should fall to roughly four billion by 2200, helped by a global fertility rate of about 1.75 children per woman. He places this beside older arguments associated with the Club of Rome, the population politics of wealthy philanthropists, the private discussions of men such as Jeffrey Epstein and Peter Thiel, and the growing power of artificial intelligence. His conclusion is that these are not merely separate curiosities. They belong to a way of thinking in which human beings are treated as a burden to be reduced, measured, redirected, and controlled. The phrase “Golden Billion” gives this way of thinking a name. It does not require us to believe that a committee has written down a plan to kill seven billion people. The charge is both simpler and more serious: a small class that already possesses most of the wealth and power is building a world in which it will need fewer workers, tolerate fewer independent nations, and demand ever greater restraint from everyone below it. Malofeev is right to treat this prospect as a political danger rather than as an innocent exercise in scientific planning.

 

Felonomics

USAID fallout: In Nepal, when the aid workers stopped coming, the women and babies started dying 

[AP, via Naked Capitalism 08-14-2026]

 

How Scott Bessent used financial engineering to finance the $2 trillion deficit while leaving it untouched—and created a $1.45 trillion shortfall 

[Fortune, via Naked Capitalism 08-09-2026]

 

Booming Oil Profits Show Why Policymakers Can’t “Wait and See” on Gas Prices | Washington Monthly

Dylan Gyauch-Lewis, August 14, 2026 [Washington Monthly]

Recent days have seen oil companies report blowout profits on earnings call after earnings call for the second quarter of 2026—the first quarter to fully reflect the impact of Iran’s closure of the Strait of Hormuz. Chevron posted its highest quarterly profits ever. BP’s profits more than doubled year-over-year. Exxon also doubled its year-over-year earnings, despite losing 10 percent of its upstream production. Those three firms alone raked in average daily oil profits of over $400 million

It isn’t surprising that the closure of the strait would benefit fossil fuel companies less reliant on the output of Middle Eastern oilfields. One particularly interesting dynamic, however, is that windfall profits are coming not just from firms’ “upstream” crude extraction segments, but also their “downstream” refining operations—which should, in theory, see thinner margins when crude prices (their input costs) are high.

Quite the opposite, refining margins have boomed over recent months. To take one example, BP’s refining margin was $12 per barrel last year. In the second quarter of this year, it was $30 per barrel, and it has reached $42 per barrel in the third.

 

Trump Opens Door to Foreign-Built Warships in Major Navy Shipbuilding Overhaul 

[gCaptain[X-Twitter, via Naked Capitalism 08-14-2026]

 

U.S. Budget Deficit Hits July Record at $432 Billion

[Economic Insider, August 14, 2026]

 

The carnage of mainstream neoliberal economics

If You Get in a Car Crash, the Risk Is Growing Your Insurance Won’t Pay

[Wall Street Journal, via Naked Capitalism 08-10-2026]

 

Capital formation - Funny thing about competition: there's both a pro-market and an anti-market case for a competitive system

Cory Doctorow, August 14, 2026 [Pluralistic]

 

Health care crisis

Big Medicine Profits By Denying Care Your Doctor Ordered. My Father Paid the Price - Insurance companies increasingly own the very entities that adjudicate the requests for care, and they make money every time they say “no.”

The Economic Populist, Aug 10, 2026 [Economi

c Liberties]

The practice of health insurance conglomerates requiring prior authorization for medical treatment — in many cases, medically necessary treatments — and their corporate affiliates then adjudicating those requests for coverage has become not just a massive, costly barrier between patients and the care their doctors prescribe, but one that threatens the health and lives of patients. In a new report, Economic Liberties calls for banning prior authorization as it exists today, rife with conflicts of interest. We document how the practice erodes care quality while inflating costs.

In conjunction with the report, co-author Hannah Garden-Monheit, a senior fellow at Economic Liberties, published an op-ed at MS NOW, recounting how her own father paid the price for needless denials....

 

Yale Study: Medicare for All Would Save Over 114,000 Lives and $1 Trillion a Year

Jessica Corbett, August 11, 2026 [CommonDreams]Previous research has shown that shifting the United States to a Medicare for All system could save roughly 68,000 lives and $650 billion per year, but a new study by experts at Yale University suggests the savings would likely be even greater on both fronts.

 

A New Piece of the Puzzle of Covid’s Origin

[The New Atlantis, via Naked Capitalism 08-09-2026]

 

Predatory finance

THE GREAT FINANCIAL CRISIS OF 2007-2009 WAS FIRST AND FOREMOST A LIQUIDITY CRISIS: LESSONS FOR THE DATA CENTER FINANCIAL CRISIS DEBATE

[Notes on the Crises

 

They’re not capitalists — they’re predatory criminals

Why Power Hates Palestine 

[BettBeat, via Naked Capitalism 08-14-2026]

 

Zorro Ranch, Jeffrey Epstein, and Donald Trump's Justice Department

Joyce Vance, Aug 11, 2026 [Civil Discourse]

Last week, New Mexico’s Attorney General Raúl Torrez sued DOJ for access to unredacted Epstein-related investigative files that he says the Justice Department has been withholding. He alleges in his lawsuit that in 2019, the Department “directed” the state to pause an initial criminal investigation into Epstein’s activities at Zorro Ranch outside of Santa Fe, and promised “to share relevant information when their work concluded.” That would have been during the first Trump administration.

The lawsuit accuses DOJ of “refusing to facilitate the investigation of state law crimes by hiding information about Epstein and his co-conspirators from Attorney General Torrez and state law enforcement, when New Mexico is one of few jurisdictions that still may have an opportunity to hold Epstein’s associates accountable or otherwise provide some sense of justice to survivors....

 

Bombshell Uncovered: Evidence Shows Blanche Likely Committed Witness Bribery, Evidence Tampering, and Conspiracy in New Mexico. Those Crimes Carry at Least Seven and a Half Years in State Prison.

Christopher Armitage, Aug 09, 2026 [The Existentialist Republic]

Sufficient evidence rests in the public record, and opening a criminal investigation requires far less than proof beyond a reasonable doubt. This all rests on the New Mexico Attorney General.

 

 

Controversial group wins $158M-contract to represent unaccompanied immigrant children 

[NPR, via Naked Capitalism 08-14-2026]

[Conor Gallagher: "Not a good look, especially considering  Epstein’s links to Customs and Border Protection."]

 

Fiasco in the Factory: Taxpayers Funded a $533 Million Artillery Plant That Made Nothing

Jesse Coburn, August 12, 2026 [ProPublica]

General Dynamics opened a Texas factory to churn out artillery shells for Ukraine, but the machines kept breaking. Robot arms smashed into things. Hunks of metal crashed to the floor. There was even a real-life dumpster fire.

 

Restoring balance to the economy

Mamdani Backs Proposal to End Amazon’s ‘Exploitative’ Delivery Model in New York City

Julia Conley, August 11, 2026 [CommonDreams]

New York City Mayor Zohran Mamdani has thrown his support behind legislation that could become a first-in-the-nation law to regulate Amazon’s network of subcontractors that deliver the $3 trillion company’s packages—an “exploitative business model” that shields the e-commerce giant from accountability, as Mamdani said Monday.

The Democratic mayor endorsed the Delivery Protection Act, proposed by New York City Council Member Tiffany Cabán, which would establish new safety, training, and labor standards for “last-mile” warehouses and distribution facilities in New York City, and hold the companies that operate the facilities, such as Amazon and FedEx, liable for employing the workers who make hundreds of deliveries per day across the city....

According to a report by the Office of the Comptroller in New York City last year, 78% of areas surrounding last-mile facilities saw an increase in injury-causing crashes after the warehouses opened.

“Corporations like Amazon build billion-dollar business models by insulating themselves from accountability through a system of exploitative subcontracting,” said Mamdani in a statement. “As last-mile delivery centers have exploded across New York, so too have traffic accidents and worker injuries. The Delivery Protection Act is commonsense regulation that protects delivery workers, safeguards the communities where these facilities operate, and ensures that the corporations benefiting from workers’ labor are responsible for the consequences of their business practices.” ....

 

Disrupting mainstream economics

Understanding economics: What is the economy for?

Richard Murphy, August 10, 2026 [Funding the Future]

 

Infographic: What is the economy for?

Richard Murphy, August 10, 2026 [Funding the Future]

 

Why tax?

Richard Murphy, August 13, 2026 [Funding the Future]

 

The wealthy do not flee because of tax

Richard Murphy, August 13, 2026 [Funding the Future]

 

Information age dystopia / surveillance state

Documents show how feds spied on protesters, left-wing organizations and unions during Metro Surge 

[Minnesota Reformer, via Naked Capitalism 08-14-2026]

 

A Judge Condemns Facebook for Enabling Mass Sexual Exploitation of Kids - Big tech is in a lot of trouble, as the law, the financing, and the American people turn against them

Matt Stoller, Aug 09, 2026 [BIG]

 

AI data center developers begin suing local jurisdictions behind bans and moratoriums —  claims range from officials exceeding authority to violations of due process and equal protection laws

[Tom’s Hardware, via Naked Capitalism 08-13-2026]

 

AI creates 16 new viruses that never existed in nature after learning DNA’s pattern from 9 trillion nucleotides — experts warn such applications are way ahead of necessary guardrails 

[Tom’s Hardware, via Naked Capitalism 08-09-2026]

 

Google co-founder has spent more than $100 million fighting California billionaire tax proposal

[ndtvprofit on Instagram, summarized by Drop Site Daily, August 11, 2026]

Google co-founder Sergey Brin has donated an additional $20 million to Build a Better California, bringing his total spending against the state’s proposed billionaire tax to more than $100 million, Tech Crunch reported, as he seeks to avoid an estimated $13.3 billion tax payment.

California’s Prop 40 would impose a one-time 5% tax on the net worth of roughly 200 billionaires in the state to help fund healthcare programs.

Other tech figures including Meta’s Mark Zuckerberg, former Uber CEO Travis Kalanick, and venture capitalist Peter Thiel have taken steps to avoid the assessment, though Jensen Huang, the co-founder of Nvidia, has said he would be “perfectly fine” paying the tax, which voters will decide on in November.

 

Big Tech Wants to Harvest Your Thoughts

[Wired, via Naked Capitalism 08-13-2026]

 

Private intelligence firms selling surveillance dossiers on AI, data center critics

[The American Prospect, summarized by Drop Site Daily, August 11, 2026]

Private intelligence firms including RANE Network, Kroll, and Liferaft are marketing dossiers and monitoring services on critics of artificial intelligence and data centers, framing grassroots opposition to server farms and AI expansion in counterterrorism-style language, according to documents obtained by The American Prospect.

RANE offered the Federal Energy Regulatory Commission a tailored assessment of “anti-technology sector sentiment” in March 2025 and later held a webinar warning of threats from protesters including creatives, environmentalists, laid-off workers, and civil liberties advocates.

The commercial offerings coincide with “anti-tech extremism” memos from federal agencies.

Read the full report from The American Prospect here.

 

Climate and environmental crises

London Recorded Its First Month Without Rain Since Measurements Started 150 Years Ago

[ZME Science, via Naked Capitalism 08-09-2026]

 

Hoover Dam Is Losing Power as the Colorado River Crisis Deepens

[Popular Mechanics, via Naked Capitalism 08-11-2026]

 

Rhine River Hits Record Low, Deepening Shipping Crisis 

[Bloomberg, via Naked Capitalism 08-12-2026]

 

Democrats' political malpractice

Health Insurers Are Paying Third Way as It Targets the Left

[Sludge, via Naked Capitalism 08-13-2026]

 

Leak: Top Democratic Org’s “Anti-Extremism” Project Targets Left

Ken Klippenstein , via Naked Capitalism 08-15-2026]

 

Want to win in 2026 and 2028?! Then Listen to the voters! The path to victory is right in front of us!

Dean Obeidallah, August 14, 2026

In the past when a politician like Bernie Sanders—or even Donald Trump in 2016 campaign—said “the economy is rigged” by the “billionaire class,” it was an applause line for a subset of Americans. Today that is the reality that transcends party lines and resonates across the nation.

I heard that first-hand Sunday, when I was on C-SPAN’s “Washington Journal” answering questions from viewers for about 45 minutes. What I heard from people calling on the Republican, Democratic and Independent phone lines in that time—as well as in the 30 minutes before I was on—backed up what I hear from many who call my SiriusXM show.

That is this simple truth: People are not happy. In fact, many are angry. And those feelings are born out of a deep sense of frustration. People believe the economic system is rigged against them by the rich and powerful. I even heard that in the message of Republicans who called on C-SPAN to disagree with me on specific issues but they all at some point landed on that point.

We all see the rich literally getting richer in front of us....

 

Third Way Doesn’t Care About the Democratic Party

Jason Linkins, August 15, 2026 [The New Republic]

... As Robert Reich wrote this week, “If you bother to look at the funding sources of Third Way ... you’ll find a Star Wars cantina of billionaire megadonors, Fortune 500 CEOs, corporate dark money bundlers, and giant corporations.” Third Way’s donor base is a “Trojan horse” packed to the gills with scoundrels: Wall Street cretins and private equity goons; “members of the GOP-aligned American Legislative Exchange Council,” best known for producing cookie-cutter right-wing legislation that is diametrically at odds with just about every Democratic Party policy priority; and supporters of the Republican Attorneys General Association, “which helps elect Republicans who fight federal environmental and other regulations.” In addition, Reich points out that two of the organization’s former honorary co-chairs are Joe Manchin and Kyrsten Sinema. Enough said! (Sludge’s David Moore also reported this week that Third Way has received donations from health insurance interests that undoubtedly oppose Medicare for All, which was the centerpiece of El-Sayed’s campaign.)

 

Bidenomics Was More Successful Than People Think

[The Atlantic, via Naked Capitalism 08-13-2026]

 

Conservative / Libertarian / (anti)Republican Drive to Civil War

The Christian Nationalist Plan for America Has a Fatal Flaw

[WA Lawrence, via Naked Capitalism 08-11-2026]

 

Atheism, Nationalism, and the Conductor of the American Christianity Crazy Train

J. Basil Dannebohm [via Naked Capitalism 08-10-2026]

... Recently, a well-known Catholic journalist was cheerfully ridiculed on social media by a priest who declared with religious conviction that the journalist was, “A waste of baptismal water because he refuses to debate his liberal theological views.”

I’ve received similar messages from pastors, “influencers,” armchair theologians, and converts whose chrism has not even dried yet, all of whom suggest that my interpretation of the Gospel is “naïve,” “liberal,” “consumed with social justice,” “a victim of the heresy of empathy,” and “far too centered on the message of Christ, rather than the messages handed down by the Holy Spirit through sacred tradition.” ....

I don’t know about that Catholic journalist, but I’m not going to “debate” my “liberal theological views,” I’m going to live them.

I’ve been told I “disrupt the peace.”

That’s probably true.

I may be persona non-grata in at least two of the historical branches of Christianity, but let’s be honest: Sitting in a building for an hour on Sundays doesn’t make someone a Christian any more than sitting in a garage makes someone a Chevrolet. Judas Iscariot is proof that you can be part of a dynamic movement with an amazing shepherd and still become the devil’s stooge if your heart is not genuinely committed to the very Christ you claim to worship....

 

Conservatives meet to make birthright citizenship their long-term project

Myah Ward [Politico, via newsletter.scotusblog.com, Aug 10, 2026]

Before President Donald Trump on Thursday “unveiled two new executive orders narrowing birthright citizenship and cracking down on ‘birth tourism’ schemes,” efforts were already underway among conservatives to energize a movement against the Supreme Court’s birthright citizenship ruling. “The president’s allies said they plan to make ending birthright citizenship a recurring topic at conferences and law schools where the next generation of lawyers will be trained,” according to Politico. “They turned birthright citizenship into the next Roe v. Wade, that we’re going to have to spend the next 50 years overturning,” said Mike Davis, the founder of Article III Project, a Trump-aligned legal organization, at a late-July event on the issue.

 

The Republicans Are Going to Kill People—but Not Until After They Vote

Norman J. Ornstein, August 16, 2026 [The New Republic]

In the Big Beautiful Bill, the GOP put off Medicaid cuts until after midterms. America is about to find out why.

 

The Enemy Is the Platform - How a party without an ideology found something better than one

Mike Brock, Aug 10, 2026 [Notes from the Circus]

... a man who thinks in stories is governed by whoever writes them. From 1954 to 1962 the writer was General Electric. Reagan spent eight years as host of GE Theater and as the company’s traveling ambassador, visiting all 139 GE plants under the tutelage of Lemuel Boulware, the GE vice president whose union-breaking communications strategy was so distinctive that labor law still carries the word “Boulwarism.” Thomas Evans’s The Education of Ronald Reagan documents the conversion in detail: a former union president — Reagan led the Screen Actors Guild — was systematically steeped in free-market fundamentalism, anti-communism, low taxes, and limited government, on a corporate salary, in front of corporate audiences, for nearly a decade. Reagan himself called the GE years his “postgraduate education in political science”. He was not wrong. He just never asked who designed the curriculum, or why. The Cold War made the manipulation frictionless: with actual Soviet communism supplying the contrast, everything Boulware’s people handed him — every statistic about creeping collectivism, every parable of bureaucratic strangulation — slotted cleanly into the one big story Reagan already believed, the story of free men against the machine. Business interests did not have to corrupt Reagan. They only had to cast him.

 

Trump Is a Wood-Chipper - Imagine you put your arm into a wood-chipper

Mike Brock, Aug 10, 2026 [Notes from the Circus]

The chipper does what a chipper does. It takes the arm. You stand there, blood-slick and swaying, and you say to the machine, “that was really low of you to take my arm.” Then you feed it the other one. You say, “well, that was a new low.” ....

That is what commentary about Donald Trump has become. Every week the same sentence: Trump has reached a new low. Every week the columnist stands, blood-slick, marveling at the machine.

The problem is not that the sentence is wrong. The problem is that the sentence is a category error....

Trump is a wood-chipper. This is not a metaphor about cruelty, though he is cruel. It is a claim about what kind of object he is in the sentence. Nine years of public record — the Access Hollywood tape, the family-separation policy, the mocking of a disabled reporter, the Muslim ban, the pardons, the coup attempt, the second-term deportation operations, the meme-coin grift, the pardoning of the January 6 attackers, the deployment of masked federal agents into American cities, the trade in political prosecutions, the demolition of the East Wing — do not compose a descent. They compose a specification. What the machine does when it is running is what it has always done when it is running. The pattern is not the story. The pattern is the machine....

 

The (anti)Federalist Society assault on the Constitution

Justice Samuel Alito: ‘Practical Originalism’ and Its Facile Critics 

James Taranto [The Wall Street Journal, via newsletter.scotusblog.com, Aug 10, 2026]

In an interview with The Wall Street Journal, Justice Samuel Alito shared that he will not leave the court this summer. “Obviously I’m here for another term,” he said. Alito reflected on the speculation surrounding his retirement decision, including calls from conservatives for him to leave the court while Republicans control the White House and Senate. “It’s not pleasant, in the sense that it’s a reminder of mortality,” he said. “It’s like, what are those vultures doing up there? They are flying around. But it goes with life tenure.” Alito also discussed critiques of his work on the court, including the claim that he is “especially vulnerable to a charge of partisanship.” “I vote in every case the way I think the case should be decided,” he said. “If that means a high correlation with what Trump wants, fine. If it means zero correlation with what Trump wants, fine as well. I think it’s wrong, it’s absolutely wrong, to say, ‘Well, you know what? I’m going to decide some cases this way and some cases the other way so that people will say, “Well, he’s objective, because sometimes he favors this side and other times he favors that side.”’”

 

How Democrats can repair the broken Supreme Court

Sen. Adam Schiff [Los Angeles Times, via newsletter.scotusblog.com, Aug 13, 2026]

In a column for the Los Angeles Times, Sen. Adam Schiff, a Democrat representing California, argued that “[f]uture Democratic majorities in Congress — perhaps starting as soon as January — should make repairing the [Supreme Court] and reforming the judicial branch a priority to make sure it does not continue to operate as a partisan and retrograde institution.” Specifically, he called on Democrats to “enact term limits for Supreme Court justices,” “expand the number of justices sitting on the court to reflect the expanded size of our nation,” and “create an enforceable code of ethics, bringing this court under the same set of rules of accountability as other leaders privileged to be in public service.” “These proposals would help restore balance and credibility to the court,” Schiff wrote.

[TW: Term limits won't really do much so long as the pipeline by which young conservatives are indoctrinated into "law and economy" and "unitary executive theory" remains open. Though I think there is a strong case to be made that such indoctrinated ideologues are far more likely to run aground on an enforceable code of ethics.]

 

Justice Samuel Alito made up to $2.9 million from fossil fuel holdings since 2005

[The Guardian, summarized by Drop Site Daily, August 12, 2026]

Supreme Court Justice Samuel Alito gained between $390,000 and $2.9 million from oil and gas interests between 2005 and 2024, according to an analysis by judicial watchdog Court Accountability shared exclusively with the Guardian.

Most of the gains stemmed from a Grady County, Oklahoma property in which Alito’s wife, Martha-Ann, holds a mineral interest, along with an inherited ExxonMobil stock bequest.

The findings come as the Supreme Court prepares to hear oral arguments on October 5 in a case where Suncor Energy and Exxon are seeking to block subnational governments from suing fossil fuel producers over climate effects.

    •  

Civic republicanism

Corporate Power Approaches Escape Velocity

Hamilton Nolan, Aug 14, 2026 [How Things Work]

If corporations become more powerful than national governments, we are all in trouble. The reason for this is straightforward: Corporations are not real objects. They do not exist in nature. They are legal fictions created according to a set of laws that dictate what they can and cannot do. Those laws, which quite literally create corporations, are made by governments. The rights of corporations and the limits of their operations are entirely dictated by governments, which write the laws and administer the courts that both enable corporations to exist and make money, and put boundaries on them. If governments lose their ability to draw hard lines on the behavior of corporations—if corporations become so powerful that governments are no longer able to tell them what to do—then corporations become the supreme power on earth.

This is bad, obviously, but it is worth stating why it is bad. It is bad because governments, while imperfect and sometimes even malignant in many ways, ultimately derive their legitimacy from the will of the governed. Legitimate governments, good governments, democratic governments are obligated by some scrutable process to work for the public good, as they define it. We all know the many ways that this can go awry, but when governments are bad, we can tell that they are bad because they fail on their most basic task of empowering themselves with the will of the public to increase the public good.

That’s not what corporations do at all. Corporations care not for the public good, nor for the public’s very existence. Corporations are robots, algorithms—AI programs, if you like—that work for the lone goal of increasing profits. Their definition is the same as that of cancer. They grow without regard to the good of the larger body....

 

The Mentor - How Roy Cohn taught Donald Trump everything

Kai Bird and Susan Goldmark, August 3, 2026 [The New Yorker]