Mike Norman Economics

Before you go get all excited about 4% GDP — if you are a worker or live on a fixed income.EconospeakReal Wages DeclineJ. Barkley Rosser | Professor of Economics and Business Administration James Madison University

This interview was conducted at Peking University for the Second World Conference on Marxism, May 7, 2018. It was conducted by Lau Kin Chi of the Global University for Sustainability.... Michael Hudson inherited impeccable Marxist credentials. When I was 3 years old my father was put in jail under the Smith Act as a political prisoner for having the works of Lenin and Marx on his shelves and for being one of the leaders of the Minneapolis general strikes from 1934 to 1936. So I grew up...

The plot thickens — and widens. Tom Luongo explains how Browder is just a symptom. Interesting that people on the so-called right are on this, while people on the so-called left are gobbling red pills. Back in the Sixties and Seventies, it was folks on the left that were into these things. Now the situation is reversed. It's the Libertarian and Alt-Right that is on it.Tom Luongo BlogThe Curious Case of Bill Browder Tom Luongo

Owen Jones, Paul Mason & the problem with the UK left  Owen Jones and Paul Mason are widely considered to be the UK’s pre-eminent left-wing commentators; both appear frequently on television and radio, write regularly for mainstream publications like The Guardian and The New Statesman, have had books published (and subsequently translated into multiple languages) and attract enormous followings on social media: as of August 2018, their Twitter accounts have 742,000 and 597,000...

Inquiring minds want to know. Martin Armstrong zeros in. This is not about Magnitksy's death, which even his family agrees was not the result of the Russian government, or even Bill Browder's machinations. It's too pervasive not to be state sponsored. Armstrong suggests why. It's quite possible that Vladimir Putin explained this to Donald Trump privately, but the president is too boxed in to use the information publicly. High intrigue, indeed, and at the state level, if Armstrong is even...

Comprehensive update for those following MENA affairs. Sic Semper Tyrannis A "Tour d'horizon" of the ME - Lang's opinion 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 the drafting of National Intelligence...

"It can't happen here.""Hate-speech" is different.Note that this is a voluntary action taken by the private sector. So there is no violation of the First Amendment, which prohibits government censorship.ReutersFacebook, Apple remove most of U.S. conspiracy theorist's content Rich McKayAlso at ReutersThis is kind of a big deal. Chinese state media is usually pretty moderate. This is an attack on POTUS and it represents ratcheting up.Chinese state media slams Trump for 'extortion' in trade...

This is the best analysis of the political situation in Russia after Putin's recent election by an overwhelming margin that I have seen and I look at quite a bit on Russia. It's a big picture approach that looks at Russia's future based on the present state.Most of the analysis in the Western media is so biased as to be nonsense. The best analysis in the West by professors like Stephen F. Cohen and Paul Robinson is good, but it takes a Russian on the ground there to do the nuance. Anatoly...

China’s policy in the Great Recession was not just ‘fiscal stimulus’ in the Keynesian sense, but outright government or state investment in the economy. It actually was ‘socialised investment’. Investment is the key here –as I have argued in many posts – not consumption or any form of spending by government.… As John Ross said on his blog at the time, “China is evidently the mirror image of the US …If the Great Recession in the US was caused by a precipitate fall in fixed investment,...

Good read. Relatively short and on point.RedFlagSocialism is back, with good reason Daniel Taylor