Mike Norman Economics

David Graeber has been complaining that he can only get published in French now. Here is an English translation of one of his latest. Infoshop News via La MondeThe “Yellow Vests” Show How Much the Ground Moves Under Our Feet See also at Infoshop NewsYellow Vests Movement Rocks France See also Not actually official since there is no organization.  The Yellow Vest movement is being viewed as a sequel to Occupy Wall Street. One of the criticisms is that Occupy never produced a set...

My comment there:While the EZ certainly should scrap the euro as a failed experiment, which was really an attempt to impose neoliberalism, elite control and corporate totalitarianism on Europe, doing so will not solve the problem, since it is only part of the problem.The underlying problem is capitalism in the sense that "capitalism" means favoring capital formation and accumulation over the other factors of production — labor (people) and land (environment) — because "growth" and...

Must-read.Joe Brewer elaborates on the foundation for contemporary problem solving at the macro level. It's short and to the point. This is going to take specialists in a variety of fields and generalists to tie it together. Being complex and therefore subject to emergence, it's always a work in progress as seizing opportunities leads to fresh challenges.ResilienceSociety As Platform — A New Frontier in Complexity Science Joe Brewer

As is well known, Marx and the classical political economists before him made a distinction between productive and unproductive labor. Marx’s distinction is somewhat differed from Smith’s. For Marx, labor is productive when it is: (i) directly productive of surplus value; and (ii) exchanged directly against capital. I remain unsure how applicable the distinction is to a state money system. Some of my misgivings are explained in an earlier post. The uncertainty has held back an attempt to...

This is from RT, so it's critics are going to say it's Russian propaganda. Hey, but what if it happens to be fact? Well, the purpose of RT is to undermine our system, say its critics. But they are facts, so why don't we hear about the biggest accounting fraud in US history from our own media?Okay, Forbes did say the truth about this accounting fraud, but the rest of the media has gone quiet about this, or they say it's just an accounting error and the money got spent, or the Pentagon is set...

In this interview, Bob, an alias, says that this French revolution is going to grow and will spread into Europe and maybe even go to the US. He says this unites both the left and right. He says it will get worse over the coming month and he believes a new government will be installed which will probably be more authortarian. He says how the police and the military are on the people's side. The violence is caused by the police using aggressive actions, like teargas on peaceful...

Review of Bill Mitchell and Thomas Fazi's Reclaiming the State.Village‘Reclaiming the State – a Progressive Vision of Sovereignty for a Post-Neoliberal World’Anthony Coughlan | Associate Professor Emeritus in Social Policy, Trinity College Dublin

I saw a recent post by the WikiLeaks Twitter account which referred to the corporate media as “the narrative business pretending to be in the news business,” which is in my opinion a perfect way to phrase it. The real currency of the world is not gold, nor is it bureaucratic fiat, nor even raw military force; it’s narrative control. The ability to control the stories people tell about what’s going on in their world means the ability to control how they think, how they vote, how they behave,...

Moon of AlabamaLes Déplorables Demand The Fall Of The Regime Oriental ReviewMI6’s Spymaster Revealed How The UK Is Conducting “Fourth Generation Espionage” Andrew Korybko | American political analyst and journalist for Sputnik studying at the Moscow State University of International RelationsSouthFrontUS Analysts: Russian Electronic Warfare Systems Deployed In Syria Allow Assad To Carry Out Chemical AttacksSouthFrontRussia Comments On U.S. Accusations Over Aleppo Chemical Attack, Says...

Crop circles on MNE's, some of you are going to be appalled, but wait, just look at the fascinating geometry in these formations which 'square the circle ' in simpler ways than our mathematicians have ever done, well, at least, that's what the researcher in the video says?It's a real shame about the stupid alien crop circle with the stupid message, though, I wish they had left that out. And yet, it's quite complicated, it says in the second video, and would be difficult to make with bits of...