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Kavanaugh, to the GOP, is sort of like a collateralized debt obligation: an instrument no one really understands and no one really wants to understand. The more you think about a given CDO — the more closely you scrutinize its trash assets, the longer you contemplate the insane upside-down ziggur…

The way they sat — that too I recall quite vividly. They sprawled with weary abandon, feet on the rungs of their desks, knees apart, like women in birthing chairs. But there would be all this tension in their jaws — an inordinate amount, as if all their testosterone had bivouacked there to rest up …

Keynes’s second anxiety was that scarce capital produces a class of rentiers who invest in ownership rather than productivity. McDonnell uses this insight to argue for rent controls and tenants’ rights to dramatically alter the balance of power in housing; he seeks limits on the debt that credit ca…

[...] Keynes then underscored the lack of democratic oversight of the future, as capitalists’ investment decisions instead shaped the world and led to the disastrous inequalities and wars of his age. Problems including underconsumption had their root in the uneven distribution of wealth and power s…

In Korea, however, America avoided defeat. The peninsula was first divided up in a panic at the end of World War II. Japan lost Korea, along with all of its other colonies, after its defeat at the hands of the Allies. Two days after the US dropped a nuclear weapon on Hiroshima, the Soviet Union dec…