Steven L. Schwarcz (Duke): Too Big to Fool: Moral Hazard, Bailouts, and Corporate Responsibility. Bethany McLean on how Wells Fargo’s cutthroat corporate culture allegedly drove bankers to fraud. Shyam Sunder (Yale): Financial Regulation for a Better Society. The nation’s biggest banks have a common gripe — they have too much money. From PUP, the introduction to Adaptive Markets: Financial Evolution at the Speed of Thought by Andrew W. Lo; and the first chapter from The End of Theory: Financial Crises, the Failure of Economics, and the Sweep of Human Interaction by Richard Bookstaber. Republicans don’t want to know what these guys are up to: Trump and Congress target a key bank monitor set up to stop another financial crisis. Next recession likely caused by financial crisis, says BIS.


The most alarmist pessimists were right about Neil Gorsuch. How will the president’s budget affect the elderly? A visit to the nursing home that bears his name. Trumpcare will probably kill thousands each year — and it is neither alarmist nor uncivil to say so. Understanding Republican cruelty: There are reasons the health insurance legislation is morally obscene. After the president’s tweet, I must withdraw my support for everything but his agenda. “Idiocracy” writer says Donald Trump made the movie a reality faster than he ever imagined. And now the Trump presidency begins to fail for real.

What comes after a Trump presidency? Tobias Barrington Wolff identifies some of the crises that will likely accompany the end of this dangerous and unstable administration. Al Franken warns about potential perils of President Pence. Man on a wire: Tim Alberta on Mike Pence’s tightrope act. How Democrats can defeat Trump and restore public trust in the government: History shows that the opposition needs the antithesis of the president. What if Trump fails? Get ready for an American version of socialism.


From The Nation, a special issue on capitalism. From Dissent, a special section on capitalism’s past, present, and future — from slavery to the transformations wrought by globalization — and novel ideas for reform. Eric Foner reviews Brahmin Capitalism: Frontiers of Wealth and Populism in America’s First Gilded Age by Noam Maggor. How did America’s banks get so much political power? Isaac Kaplan reviews Fear City: New York’s Fiscal Crisis and the Rise of Austerity Politics by Kim Phillips-Fein. End of a golden age: Unprecedented growth marked the era from 1948 to 1973; economists might study it forever, but it can never be repeated — why? Harvey Cox on his book The Market as God (and more).

From Boston Review, K. Sabeel Rahman on the return of vulture capitalism. America is regressing into a developing nation for most people. The introduction to The Financial Diaries: How American Families Cope in a World of Uncertainty by Jonathan Morduch and Rachel Schneider. “The sense that the system is rigged relates to governments’ failure to address inequality and concentration”: An interview with Anat Admati on the role of corporations and governments in the market. The people have spoken: They want more government.

When it comes to economic policy, be direct: If we want to help people with public policy — a big “if” — we must do so in a straightforward way. Alexia Fernandez Campbell on what Congress can learn from Kansas’s failed tax experiment.


Thomas Burri (St. Gallen): International Law, Infinite Jest. Pope dismisses German doctrine chief in turbulent week for Vatican. With Balibar, Ricoeur, Lefort as intellectual credentials, Emmanuel Macron is on the march in France. A must-read”. MTV News: The good, the bad, and the contradictions of an ill-fated experiment. Wendy Willis on political hobbyism: A response to Eitan Hersh. William D. Araiza on his book Animus: A Short Introduction to Bias in the Law. Will Steve Scalise show James Brady’s courage? The antidote to the NRA’s toxic video: Unlike the NRA ad, a new study is factual and powerful. “This is the most well-worded and well-rounded argument against @DLoesch's NRA ad I've seen”.


From NYRB, all in all, President Trump is by no means off the mark to call attention to Andrew Jackson as a precursor — the analogy, however, is not necessarily flattering. Thread: “We're in a lot of trouble. There are sick, sick people coalescing and they’re being emboldened by the President of the United States”. If you want to understand Trump, look at who he admires: “He really does identify with that kind of aggression, that kind of authority”. Donald Trump is the president of gossip: How Trump allegedly took a page from the gossip industry handbook to get critics to fall in line. How Donald Trump decides to fire someone. Zack Beauchamp on the political psychology behind Trump’s bizarre handshakes.


From TripleC: Communication, Capitalism and Critique, a special section on Critical Theory Interventions on Authoritarianism and Right-Wing Extremist Ideology in Contemporary Capitalism. James Mensch (Charles): Life and the Reduction to the Lifeworld. Habermas and the fate of democracy: William E. Scheuerman reviews Habermas: A Biography by Stefan Muller-Doohm. Ben Gook (Erfurt): Nancy Fraser’s Zeitdiagnose: Capitalism after the Financial Crisis. Redefining feminist scholarship: Nancy Fraser’s work celebrated in Feminism, Capitalism, and Critique: Essays in Honor of Nancy Fraser, ed. Banu Bargu and Chiara Bottici.

Theory from the ruins: The Frankfurt school argued that reason is dangerous, mass culture deadening, and the Enlightenment a disaster — were they right? Alex Sager interviews Amy Allen, author of The End of Progress: Decolonizing the Normative Foundations of Critical Theory. Positive freedom: Martin Jay reviews The Idea of Socialism: Towards a Renewal by Axel Honneth.


From ThinkProgress, the GOP is running its anti-abortion playbook against voting rights — and it’s working; and Trump’s voter fraud commission is “laying the groundwork for voter suppression” (and more). The man behind Trump’s voter-fraud obsession: How Kris Kobach, the Kansas secretary of state, plans to remake America through restrictive voting and immigration laws. Kris Kobach is playing a familiar game: There’s basically no evidence of in-person voting fraud, so instead Republicans try to make the case for registration fraud. The limits of lying and cheating: A federal judge’s decision to fine voter-restriction advocate Kris Kobach reminds us that the courts can be a potent ally in protecting voters’ rights.

Trump voter-fraud panel’s data request a gold mine for hackers, experts warn. Voting hypocrisy on the Right, rebellion from the states. Trump falsely warns of multistate voter-fraud conspiracy. Trump abandons the pretense surrounding his voting “commission”. Donald Trump’s voter fraud commission is itself an enormous fraud. The worst fears of voting rights activists has come to pass; the governors should resist it at all costs. Democrats are launching a commission to protect American democracy from Trump. Most Republicans oppose making it much easier to vote.

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