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Mike Norman Economics

The Mainstream Worldview Is As Garbage As Mainstream Music And Movies — Caitlin Johnstone

I hate the mainstream scoff.Do you know the mainstream scoff? It’s the scoff people who’ve been indoctrinated into the mainstream worldview make when you say something which falls outside that worldview. Something like “Nothing of substance has changed since the Trump administration.” Or “The west sided with al Qaeda in Syria.” Or “Check out this link to an article from an alternative media outlet.”It’s any kind of swift, vapid dismissal someone makes when you offer a perspective that isn’t...

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Ukraine Redux: War, Russophobia and Pipelineistan — Pepe Escobar

Ukraine and Russia may be on the brink of war – with dire consequences for the whole of Eurasia. Let’s cut to the chase, and plunge head-on into the fog of war.The Unz ReviewUkraine Redux: War, Russophobia and PipelineistanPepe EscobarSee alsoInternationalist 360ºBiden, Pentagon, NATO Signal Readiness to Go to War against Russia Over UkraineBaltic: “NATO Allies and Partners from Across the Globe” Prepare for “Real-World Fight” with RussiaRick RozoffAlsoTASSKiev seeking to provoke Donbass to...

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Kishore Mahbubani – Biden should summon the courage to reverse course on China

 Kishore Mahbubani believes that the US would do better being an economic rival to China rather than enter an expensive cold war. The money would be better spent on the American people. The writer, a distinguished fellow at the National University of Singapore, is author of ‘Has China Won?’China is doing the opposite of the former Soviet Union. China believes the Soviet leaders failed because they lost touch with their own people, ignoring their welfare while engaged in foreign wars. China...

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My Understanding of Marx Part Six–The Mathematics Shows Up — Robert Paul Wolf

In order to reduce the complexity of real economic activity to equations, economists must in effect choose between supposing that there is one dominant technique for the production of each distinct commodity and supposing that there are an infinite number of techniques for the production of each distinct commodity. To put this point as simply and formulaically as I can, they have to decide whether they are going to use linear algebra or calculus. The neoclassical assumption of an infinity of...

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China’s dash for technological leadership — C. P. Chandrasekhar and Jayati Ghosh

These allegations are founded on one undeniable aspect of China’s manufacturing eco-system: its control by the Chinese state, despite the substantial increase in private ownership of manufacturing equity. But what is inadequately emphasized in this discourse is that, using power centralized in the State, China is managing what was seen in market systems as impossible without “rivalry”—the planned acceleration of research and development, invention and innovation that advances both market and...

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Sputnik — ‘Everything That’s Wrong With America’: Netizens Nonplussed as Kim Kardashian Becomes Billionaire

Hilarious.It used to be, "Anyone can become president," with hard work and luck. Now it's, "Anyone can become a billionaire," — if they have something to parlay.While Kardashian West owns several properties in Calabasas and "a portfolio of blue-chip investments, including shares of Disney, Amazon, Netflix and Adidas," it is the companies that she "launched herself" that "land her on the World’s Billionaires list," as the magazine puts it.Sputnik International'Everything That's Wrong With...

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Bill Mitchell — Advanced nations must increase their foreign aid

Its Wednesday and only a short blog post day. I have been following the disaster unfolding in Timor-Leste over the last few days as I continue to compile research material as part of the development of a plan to increase the resilience of the Island state. We know that accumulating new public infrastructure is a key to the growth process. It crowds-in private investment, which leverages off the capacity provided by such infrastructure. A lack of essential public infrastructure is a major...

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Dream House, Nightmare Mortgage: Carry on! — Michael Hudson

Podcast and transcript of an interview with Australia’s Renegade EconomistsMichael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismDream House, Nightmare Mortgage: Carry on!Michael Hudson | President of The Institute for the Study of Long-Term Economic Trends (ISLET), a Wall Street Financial Analyst, Distinguished Research Professor of Economics at the University of Missouri, Kansas City, and Guest Professor at Peking University

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Ron Paul – Why Is the Biden Administration Pushing Ukraine To Attack Russia?

 An excellent, short article from Ron Paul. Washington believes it's okay for it to meddle in other countries affairs, but says it's a crime if it is perceived that someone has done it to them. As could be expected, Moscow has responded to Zelensky’s decree and to the increasingly bellicose rhetoric in Kiev and Washington by repositioning troops and other military assets closer to its border with Ukraine. Does anyone doubt that if the US were in the same situation – for example, if China...

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