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Mike Norman Economics

Janet Adamy and Paul Overberg – The Loneliest Generation: Americans, More Than Ever, Are Aging Alone

Loneliness undermines health and is linked to early mortality—and baby boomers are especially feeling the effects Modern life is lonely - and we didn't evolve to live like this. In our ancient tribes the elderly lived alongside their families and were never lonely. Elders were respected for their wisdom and loved for their many stories where the dragons they had fought got bigger and more menacing by the year.  Modern Life is Rubbish is the title of one of Blur's albums.  In tribal...

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Joe McGooch – The Great Smart Meter Swindle

More ways in which the corporations can spy on you and collect data, would you believe? And they sell the data on. They say it's free fitment, but the £11 billion cost is being added to our bills.  The radiation emissions can also affect your health.  [embedded content] Smart' Meters are the biggest scam, scandal, and swindle ever perpetrated on the general public. This video explains why that is the case, what to do if you are told you need to have a smart meter installed, and what to do...

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Josh Ryan-Collins – Looking forward: housing should be more than a financial asset

It looks like the British Conservative Party is beginning to realize that there are no votes to be had in high house prices anymore.The over 50's vote predominantly Tory believing that high house prices had made them rich. Yes, on paper, but can they ever realize the money because where are they to live when they sell their home. And every time they moved to the housing ladder they became clobbered with a huge mortgage again making them poor causing them to go without and work excessive...

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Dean Baker – Trade: It’s Still About Class, Not Country

Trump's new trade deals with China could turn out bad for American workers. Let’s start with the issue of forced technology transfer. Boeing is upset, because under the current rules, if they set up shop in China, they are going to have to partner with a company that is likely to be a competitor a few years down the road. Suppose tough-talking Trump forces China to accept rules that prohibit these mandated partnerships. Under his new deal, if Boeing wants to set up shop in China it just...

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Angelique Chrisafis – Macron’s appeal to French from behind gold desk leaves gilets jaunes unimpressed

Flaunting Élysée Palace’s gilded rooms does little to quell ‘president of the rich’ tag Talk about backfiring?  It was the most important TV appearance of Emmanuel Macron’s presidency: the 40-year-old former banker had to prove to an angry nation that he was not an arrogant “president of the rich” and that he understood ordinary French people’s struggle to make ends meet. Yet Macron’s choice to deliver his prerecorded speech on social inequality from one of the most opulent and golden...

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Links — 11 Dec 2018

On the EconomyNick Hanauer’s Progressive Labor Standards: A bold idea to do more than just repair the damage. Jared Bernstein | Senior Fellow at the Center on Budget and Policy Priorities and former Chief Economist and Economic Adviser to Vice President Joe Biden in the Obama Administration econintersectHow Where You're Born Influences The Person You Become Samuel Putnam, Bowdoin College and Masha A. Gartstein, Washington State University Valdai Discussion Club Imperialism, Geopolitics...

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Jeffrey D. Sachs — The War on Huawei

The Trump administration's conflict with China has little to do with US external imbalances, closed Chinese markets, or even China’s alleged theft of intellectual property. It has everything to do with containing China by limiting its access to foreign markets, advanced technologies, global banking services, and perhaps even US universities.… The Trump administration, not Huawei or China, is today’s greatest threat to the international rule of law, and therefore to global peace....

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Max Lawson — Is Meritocracy the new Aristocracy? And the 11 Tricks that Elites use to capture Politics.

In reading this, it is good to realize that feudalism was justified by the religious paradigm then prevalent in Europe. It was based on the great chain of being, with God (the Lord) at the top and the king as God's earthly simulacrum. This implied the divine right of kings, kings being temporal lords.Today, the great chain of being has been replaced by naturalism as the overarching paradigm owing to science replacing religion as authoritative. The concept of person has been submerged in the...

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Richard Murphy — The Reality Is Everything Must Change

I would suggest there are three things we know. The first is that climate change is real. The result is that nothing can stay the same.The second is that neoliberalism has reduced most people to living in states of profound insecurity. Ignore that poverty is supposedly being beaten. This is almost for nought if the result is disabling fear for future well-being. This cannot persist because people will not tolerate it. We are seeing that, very widely. Third, our economic and social orders...

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