Mike Norman Economics

Regular readers will know that I have spent a lot of time writing about the demise of the Left political parties as they became subsumed with neoliberal economic ideology, which blurred the political landscape as the ‘centre’ moved to the Right. That topic was the focus of our current book – Reclaiming the State: A Progressive Vision of Sovereignty for a Post-Neoliberal World (Pluto Books, September 2017). The neoliberal infestation has left these parties with declining electoral support,...

There is no problem with scarcity — there is a problem with humanity’s social organization and with its institutions. There is no failure in our production of economic values — even now they are being produced to abundance (maybe even over-abundance). The math above shows that, if it could be allowed, this country can afford to pay a wage just shy of $100 to every human being who is willing to work. It is only the obscenely wealthy whom we stretch and strain to afford… Economic rent.John...

Struggling a bit with defining love, but on the right track toward addressing the question, what is a good life in a good society from the material (economic) aspect.Love is the great unifier. Renegade, Inc.The Politics Of Love: Where To From Here? Philip McKibbin

In this post, I will contrast the analysis of foreign trade found in Professor L. Randall Wray’s book “Modern Money Theory” and contrast it to the analysis of foreign trade that logically emerges from Marx’s theory of commodities, money and capital.... A Critique of Crisis TheoryModern Money (Pt 3) Sam Williams

This is live right now. Is Charles Ortel closing in on Hilary, I hope so as it would be nice to see the whole thing go under? This show could on for two hours and TBH I will probably only manage 45 minutes of it. Next month there will be another Sunday with Charles where he will be saying he is definitely closing in on her now, and so on; but one day hopefully he will nail her.These guys are very conservative, so it's interesting too see their point of view, but I despaired at their...

Russia getting ahead of the news cycle. RT ‘Foreign specialists’ may stage chemical attack in Syria in 2 days to frame Assad – Russian MoDSee alsoMoon of AlabamaSyria Sitrep - The Build Up For The Idleb CampaignSee also The Vineyard of the SakerWhat Bolton needs to understand about Russia and historyR. H. Auslander

More horrible news here, this really stinks:Atlanta Fed Releases Latest 3rd Quarter GDP Estimate - a Whopping 4.6%!! https://t.co/5K3QHfM5aZ via @gatewaypundit— UlricHubertRainard23 (@HubertUlric) August 26, 2018

More bad news I'm afraid...The S.&P. 500 closed at a record high, reflecting investor faith in a single fundamental fact: Big American companies are making lots of moneyhttps://t.co/v07qHkBgL4— The New York Times (@nytimes) August 24, 2018

False flag operation underway? Trump so weakened that he is out of the picture on this? Sic Semper Tyrannis The White Helmets are saddling up for another ride Col. W. Patrick Lang, US Army (ret.) At the Defense Intelligence Agency, Lang was the Defense Intelligence Officer (DIO) for the Middle East, South Asia and counter-terrorism, and later, the first Director of the Defense Humint Service. At the DIA, he was a member of the Defense Senior Executive Service. He participated in...

I thought this episode of the Keiser report was quite interesting. In the first half Max Kaiser says how CNN have named the makers of the bombs that recently fell on Yemon, most of which were American companies. He then goes on to talk about America's drug addiction problems and accidental overdose epidemic which he puts down to the misery that many Americans now live in, rather like in Yeltsin's Russia where people were drinking themselves to death. Americans are becoming zombified, says...