Mike Norman Economics

According to the Western narrative, the "Iranian people" are opposing "the Islamic dictatorship." This article tells a different story.The Western media will not tell you, but the workers' protests in Iran are similar to the Yellow Vests in France, which is spreading internationally. Workers are getting fed up with capitalism as usual and are demanding socio-economic justice.Longish, but it tells the story in some detail. Nothing about this being a political protest against the Islamic...

Of the various criticisms leveled at a combined ‘job or income guarantee‘, ones appealing to fairness usually go along the lines that it would be unfair for healthy individuals outside the workforce to receive an income while others are occupied in jobs. In considering this objection, a number of points come to mind: heteconomistFairness and a ‘Job or Income Guarantee’Peter Cooper

It is Wednesday and I am going to stick to my decision to ‘not publish a blog post’ on Wednesdays unless there is some new data (such as the quarterly release of the Australian National Accounts). I want to use this time to attend to other writing obligations. But a few snippets won’t hurt, will they? The first, looks at some extraordinary denial from the European Union bosses. The second, looks at evidence that the Brexit environment is already providing positive dynamics for British...

Imagine a Sci -fi film about an alien planet that has an economic system where 3% of its inhabitants die each year. It is said that there is no alternative because if the system is changed then even more people will die.There has to be competition to bring wages down to make goods more affordable, they say - even if that means that 3% of the population have no work and may starve.  And so it is accepted that some people will die so that others can live. Fortunately, it's a horror film....

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...