Mike Norman Economics

This guy is interesting. In this video he explains why he changed from being a right-wing libertarian to a left-wing libertarian. He says he hasn't changed his views much about anything at all and still believes in equality, freedom, and liberty, but he doesn't believe that capitalism can bring these ideals about anymore.He was once a capitalist and businessman who had started six different businesses over the last 20 years, but he now thinks the capitalist class have too much power - even...

For those interested in the CCC.Thoughts On EconomicsSome Experts On The Cambridge Capital ControversyRobert Vienneau

ht Real World Economic Review

Video and transcript.SouthFrontRUSSIA 2019+ MILITARY DOCTRINE J.Hawk, Daniel Deiss, Edwin Watson, Harold Hoover

Say what you will about modern monetary theory, but it’s worth asking why it’s assumed that states in America, which wields the power of the world’s reserve currency, should turn to draconian austerity measures when the going gets rough. After all, no political party at the federal level even pretends to care about budget balance anymore. Governors, on the other hand, must spend within their means and consider trade-offs, whether they’re a Democrat or Republican. To their credit, many have...

A lively debate between Paul Jay and Stephen Cohen where they essentially agree but spar a little at times. It's a terrific interview, and part 3 looks like it will be even more riveting. [embedded content] STEPHEN COHEN: I live in a social realm–to the extent that I have any social life at all anymore– where people get very angry if I say, or anybody says, anything positive about Donald Trump. When Trump was campaigning in 2016, he said, “I think it would be great to cooperate with...

As the maladies of modern capitalism have multiplied, fundamental questions about the future of the world’s dominant economic model have become impossible to ignore. But in the absence of viable alternatives, the question is how to reform a system that is increasingly at odds with democracy. James K. Galbraith looks at three recent books on the crisis in capitalism:Joseph E. Stiglitz, People, Power, and Profits: Progressive Capitalism for an Age of Discontent, W.W. Norton, New York; Allen...

Brad DeLong says left-neoliberalism has failed and so it's time for the liberals to stand aside and let the socialists take over. Brad DeLong says that the Left have the most accurate description of the world, not the liberals.The left neoliberals were conned by the right, says Bill Black,  when the conservatives said that free markets would mean that those business people with integrity and honesty wound win in the market place because consumers would soon know who the con- men were and...

Backgrounder on empire. Dmitry Orlov is able to recount the story of a civilizational tragedy unfolding in the course of history in a a (darkly) humorous way, replicating many similar stories of a wave rising, cresting and breaking on the beach as the next wave rises behind it. Orloff doesn't make any predictions about the dénouement, but it looks like it gets ugly, especially as the vise jaws of climate change tighten. The Unz ReviewThe Saker Interviews Dmitry Orlov

 ITV Report: Pupils ‘have not eaten for two days’ and parents 'too poor' to buy new clothes, teachers say Britain is one of the richest countries in the world - for some!The left neoliberals gave up on socialism and went for 'free markets' instead believing that freedom would liberate people. Some left think tanks, like The Centre of the Stateless Society, believe that it is corporations and the governments (that they own) work together to keep workers wages low. But there is nothing...