Mike Norman Economics

Fear of Trump Administration implosion behind stock selloff.

Lots of people vote for establishment political parties thinking they are the parties of the law and order, but what if they are run by crooks who run protection rackets?Lester Ernest was a staunch Republican, but when he found out how crooked the establishment were he became a socialist. He is a computer genius whose designs are responsible for much of the services available on the internet today.Lester Ernest says the Cold War US rader defence system never worked and was a $trillion scam...

This essay is based upon arguments made in Chapter 2 (“Some Theoretical Considerations”) of my book, Can the Working Class Change the World? Good article by Marxian Michael D. YatesI would say that if it has any failing, it understates the dystopian effect of "capitalism" as a system that favors capital (ownership) over labor (people) and land (the environment). That kind of system, which takes many forms, e.g., classical economic liberalism and contemporary neoliberalism, is is a recipe...

Is Trump finally finding his feet? It was said he didn't expect to win the presidency and was dead scared when he went into Whitehouse, but is he now getting the hang of it? Who knows what's going on, we just have to hope for the best?Let's hope, though, that his stance towards Iran is just bluff, like it was towards North Korea.This has been an extraordinary week... After two years of getting rolled by the Washington establishment, it seems that President Donald Trump woke up and suddenly...

This made my blood boil - time for a revolution, I think. The Tories have been seriously slashing the welfare system in the UK causing great hardship for 30% of the population. The Conservatives say work is better, but most of these people are in work and yet still live in extreme poverty. Work doesn't pay!  The U.K. Welfare State was never a socialist utopia, says Philip Aston, the UN Special Rapporteur. It was always about hard work, but it provided a safety net - the bare minimum -...

Alan Fong interviews Christopher Simpson, author of Blowback: America's Recruitment of Nazis and Its Effects On the Cold War. Video and summary transcript. While many people are aware of some aspects of this, Christopher Simpson elaborates some of the details. US policymakers never gave peace a chance after the defeat of Nazi Germany, nor do they do so after the collapse of the USSR. This is still relevant to US policy of using collaborators and proxies, including neo-Nazis in Ukraine...

The national security adviser expanded U.S. goals in Syria to challenge Iran. But Trump wasn’t on board, senior officials say, and Turkey took an opportunity to push the U.S. out. I noticed a lot of anti Putin and anti Russia videos this morning, much more than usual. I think this is because Trump says he's going to pull US troops out of Syria.  A fateful decision by National Security Adviser John Bolton to expand the United States’ goals in Syria backfired, and is a key reason why President...

It's a cruel world!Saving a pig from a slow cruel death in a concentration camp can get you up to 60 years in prison. The factory farm owners don't want the public to know what goes on inside their buildings.  [embedded content]

Despite weeks of protests demanding Democrats to push for a Green New Deal, the Democratic leadership blocked Thursday a proposal by congresswoman-elect Alexandria Ocasio-Cortez to form a committee that would have drafted the New Deal project. Instead, they've decided to back a plan by House Minority Leader Nancy Pelosi to revive a global warming panel lead by representative Kathy Castor. The move sparked controversy because Castor has dismissed calls to bar people who accept money from...

Matt Taibbi talks some sense about unending war, and then warns about the endgame. We’re about to have a very graphic demonstration of the near-total uniformity of the political class when it comes to the military and its role. The war party is ready for a coming-out party. Impeachment and removal is on the table with a Democratic House and a GOP Senate dominated by the bipartisan war party.Rolling StoneWe Know How Trump’s War Game Ends Matt Taibbi