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EconoSpeak

The Econospeak blog, which succeeded MaxSpeak (co-founded by Barkley Rosser, a Professor of Economics at James Madison University and Max Sawicky, an economist at the Economic Policy Institute) is a multi-author blog . Self-described as “annals of the economically incorrect”, this frequently updated blog analyzes daily news from an economic perspective, but requires a strong economics background.

Economic Policy After The Midterm Elecions

 Will economic policy change much aa a result of the midterm elecrtions? After all, the GOP has taken the House of Representatives, if only narrowly, with inflation and the economy supposedly the top issue, especially for those supporting the GOP. Will this reappearance of "divided government" have an impact on economic policy? My bottom line is probably not too much, although there is the serious possibility of some major drama and damage happening during this coming year.On the matter of...

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So Much For The Iran Nuclear Deal

 Sorry you have not seen me here for awhile. My laptop on which I am able to post here was out of commission, but now has been fixed.Well, it was not the US beating Iran in the World Cup. It is that the Europeans, especially the British, French, and Germans, have had it with Iran over the combination of their bloody attempts to suppress the ongoing demonstrations over the law that women must wear the hijab, as well as Iran's overt supplying of Russia with drones to attack Ukraine. They have...

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The Anti-Racism of Fools

Antisemitism has long been intermingled with movements against injustice and elite control.  This is because the most widespread image in the mind of antisemites is the existence of a secretive cabal of Jews who control global finance and promote liberal-sounding ideas only because it serves their nefarious goals.  Hatred of Jews therefore deflects radical inclinations that might otherwise fuel movements against real domination.  This understanding was summed up in the expression that...

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The Audition Commodity

[embedded content]Richard Serra and Carlotta Fay Schoolman produced the video, "Television Delivers People" in 1973. It manifests a critique of television mass media that was subsequently defined by communications scholar, Dallas Smythe as the "audience commodity" but the outline of which had already been presented by him in 1951 in the Quarterly of Film, Radio and Television:The troublesome fact is that under our uneasy institutional compromise by which the stations are publicly licensed...

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The Humiliation Of Hu Jintao

 The recently completed onec-every-five-years Party Congress in China, which confirmed Xi Jinping for a third term as General Secretary of the party, punctuated his apparent assumption of essentially total power by humiliating his predecessor, Hu Jintao, in its final session. At the beginning, he was forced to leave the session, with two men clearly pulling on his clothing in a widely seen video to make him get up and go. It is unclear how much of this was reported to the Chinese public, but...

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Are North Korean Workers Going To Annexed Portions Of Ukraine?

 Maybe. An October 21 report in NK Daily says so, with further speculation on this matter on blogs that cover North Korea. Supposedly Kim Jong Un agreed to this with V.V. Putin in their most recent meeting, with the number supposedly to be around 800-1,000, with the NK Daily report saying that they have actually been selected, and with Russia, China, and North Korea somehow agreeing that having these workers work in Russian-occupied annexed portions of Ukraine would not violate sanctions.  I...

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If GOP Wins Either House Of Congress, Dems Must Kill Debt Ceiling

 If that come to pass, especially if GOP takes both houses, presumably they will be able to do it in the lame duck session, assuming that Manchin and Synema stick with them on it, which one of them might not. But as a budget matter, it can pass by reconciliation, which avoids a filibuster. Can be passed with only 50 votes plus VP Harris in the Senate. There are several specific ways they can do it, with it not really mattering which they do, just that they are able to do it if this comes to...

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Iranian Demonsttations Spread to Oil Workers

 The death of a Kuidish-Iranian woman doe not wearing a hijab to cover her hair has led to weeks of demonstrations led by and mostly by young women especially in the Kurdish parts of Iran.  However, they have gained the support of young men as well, despite a severe crackdown by the authorities that has now killed over 100 of the protestors. The latest development that marks this becoming a more serious threat to the regime is that apparently the demonstrations have spread to at least some...

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Patagonia: Life Imitates Theory

 When Yvon Chouinard, the founder of Patagonia, completed the transfer of that company’s ownership to an environmental trust fund, it was front-page news across the country.  It came as something less than a shock to me, however, because I had described a very similar structure in a paper I wrote a few years ago about “pluralist social ownership”.First, it’s interesting what Chouinard decided not to do.  He didn’t donate the company to a government agency, although that option is not quite...

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