Mike Norman Economics

I have written about the concept of dynamic efficiency before. The most recent blog post on this theme was – The ‘truth sandwich’ and the impacts of neoliberalism (June 19, 2018) – which examined how social mobility across generations has been declining as a result of the decades of entrenched unemployment driven by neoliberal austerity biases. I also outlined the proposition in this blog post – US labour market reality debunks mainstream view about structural impediments (January 15,...

It's not just China which has massive state ownership of key industries, the Scandinavian counties do too, which works very well for the common good. China is leaving the West behind with its massive investment in public infrastructure which our private sector can never match. KV Neal Meyer has a piece at Jacobin where he seeks to define the phrase “democratic socialism.” I had a similar post in late June here at People’s Policy Project. Overall, Meyer’s piece is fine as far as these things...

The whole world has gone mads, it's like the invasion of the body snatchers where everyone has been taken over, including some my family and friends. Some even get angry with me. Gee! I saw a Twitter thread between two journalists the other day which completely summarized my experience of debating the establishment Russia narrative on online forums lately. Aaron Maté‏, who is in my opinion one of the clearest voices out there on American Russia hysteria, was approached with an argument by a...

Geopolitics Alert Israel Bombs 60 Targets in Gaza in Just 24 Hours Julia "Samar" Kassem Fort Russ Israeli planes attack western Syria Paul Antonopoulos NEO Tel-Aviv Decided to Make Israel an Exclusively Jewish Deal Martine Berger ReutersIsrael launches U.S.-backed missile shield on Syria frontier, Russia sends envoys Jeffrey Heller WSWSIsrael intervenes to extract US-UK-backed White Helmets from Syria Bill Van Auken Sputnik International Damascus Calls White Helmets'...

Russia has reportedly commenced sea trials of its ultimate doomsday weapon, a nuclear-capable underwater vehicle (UUV), dubbed ‘Poseidon,’ purportedly designed to deliver a 2-megaton nuclear warhead to destroy naval bases, carrier strike groups, and entire coastal cities by triggering a radioactive Tsunami wave. The sea trials of the “Poseidon” began last week and are primarily focused on the UUVs guidance system and underwater operations in autonomous mode. Work on the “Poseidon” is...

The latest episode in the drama. Is this the climax?Daily MailRevealed: How 'Putin's spy agency' hit-squad 'including a woman' carried out whirlwind 30-hour Novichok mission to poison the Skripals Martin Robinson, Uk Chief Reporter For Mailonline

Consortium NewsMoon-Strzok No More, Lisa Page Spills the BeansThe Washington ExaminerFISA warrant application supports Nunes memo Byron York Also at the ExaminerDevin Nunes: "Time to eliminate redactions" Daniel Chaitin

You know, an Italian won the British Open golf championship yesterday (the first Italian to ever win a golf major) because of the uncertainty surrounding Brexit negotiations. The causality is impeccable. I am sure about that, although it might take me a while to work it out. But if a British golfer cannot win their Open Championship (Rose tied for second, two shots back) then it must be because of Brexit. Everything else that goes wrong is, so why not the golf? It is the same when three...

Is the worm turning?Zero HedgeClapper: Obama Was Behind The Whole Thing Tyler Durden Sputnik International Congress Wants to Grill Ex-CIA Chief Brennan Over Accusing Trump of 'Treason'

Former FBI Director James Comey offered unprompted political advice Sunday, urging Democrats to not become too liberal as a means of revolting against President Trump. “Democrats, please, please don’t lose your minds and rush to the socialist left,” Comey said in a post to Twitter. “This president and his Republican Party are counting on you to do exactly that. America’s great middle wants sensible, balanced, ethical leadership.”... Heaven forbid.Washington ExaminerJames Comey warns...