Mike Norman Economics

Economists and conservatives said that raising the minimum wage would cost jobs, but when Seattle raised the minimum wage more jobs were created. Does this phenomenon fit into the economists equations?Physicists say the universe can be explained by maths, but a documentary I recently watched said that not everything in the universe can be explained by mathematics, maybe because some things are far too complicated.The weather, the stock market, and even boiling water are too complicated for...

Richard Wolff says cooperatives are the future as capitalism isn't working for most people.Below is a series of videos made by a group of people who call themselves the Ownership Society, and they agree with Richard Wolff about cooperatives.Capitalism doesn't work for most people, say the Ownership Society, because a few elite owned the means of production and used their market position to exploit people by pitting them against each other forcing their wages down, but socialism didn't work...

Happy New Year!!! TRNNMedicare for All – How Can We Pay for It? (pays for itself)Sharmini Peries interviews Robert Pollin and Michael LightyRT Russia’s $75 trillion in resources is why sanctions are impossible (more than a gas station) Michael Roberts Blog20 years of the euro – part one: has it been a success? (depends on for whom)Michael Roberts Jamaica GlobalKAMALA HARRIS’ JAMAICAN HERITAGE – UPDATED (by her father)Donald J. Harris | Professor of Economics, Emeritus, Stanford...

Give peace a chance!When Oliver Stone said on a talk show about having peaceful relations with Russia, the audience laughed while the host mocked him. Then Oliver Stone said, 'what is wrong with detente?'Nothing, but the audience has been fed pure propaganda, and one day their laughs could turn to ash, along with their families, towns, and society too. They had no idea why they found so funny, because it's not a laughing matter.Larry King is extremely disappointing here, but at least it...

SpikedRussia-mania takes over the world Tom Black The NationNew Studies Show Pundits Are Wrong About Russian Social-Media Involvement in US Politics Aaron Maté Middle East EyeTurkish TV broadcasts images of 'Khashoggi body parts' being moved Intel TodayJohn Pilger : A Look Back at 2018 & Ahead to 2019 SouthFrontTrump’s ‘Full’ & ‘Rapid’ Troops Withdrawal From Syria Appears To Be ‘Slow’ & ‘Smart’ CounterpunchThe United States is First in War, But Trailing in Crucial Aspects...

Those nasty Russians are at it again: RT has been sending chocolate Salisbury Cathedrals to it's media friends. Shocking, the Russians have weaponized chocolate! Politicians in Salisbury have blasted a Russian state-run broadcaster which sent chocolate models of the city's cathedral as a festive gift. RT said the edible item reflected one of the "biggest news stories of the year" and was sent to "multiple" recipients in the media and beyond. Salisbury MP John Glen said: "This is...

The British Pound is overvalued because the City of London is the worlds money laundering centre, says Steve Keen. Britain thought it could do away with manufacturing and export service industries instead, but it hasn't worked out. Steve keen says the UK would be better off with a fall in the Pound to revive manufacturing. [embedded content]   

It is my last blog post for the year. And we leave the year with not much gained from a progressive perspective. The mid-term elections in the US just swapped deficit-terrorist Republicans (who have been compromised by the big-spending Trump) with ridiculous PayGo Democrats, who are intent on repeating all their previous mistakes. The Brexit negotiations reveal how appallingly compromised the Tories have become and how venal the European Commission is. The British Labour Party fiscal rule...

Bad Mouse Productions is a seriously progressive site and so I was concerned that this video was going to be very pro George Soros, but it turned out to be excellent.BMP is very good at exposing the nonsense of the Alt. Right, George Soros, the corporate Democrats, and neoliberalism.BMP's look at how the Alt right pretends to be anti elite, when it is really pro elite. They expose the Alt right propaganda and their twisted message where they pretend to be on the side of the ordinary guy,...

Red Ice is a very right wing, racist European group. BMP's exposes their racist nonsense.If you have time, the next video, The Lies of Red Ice, is even more detailed, where BMP's pack quite a lot into a short space. [embedded content] The Lies of Red Ice.  [embedded content]