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Mike Norman Economics

Jim Carey — Mexico’s Case Against NAFTA: An Economic and Environmental Wrecking Ball

So is Mexico so eager to open talks with the U.S. on NAFTA if it was “the worst deal ever approved” by Washington? A deal that was helping Mexico get one over on their neighbors to the north. The answer likely has something to do with the devastation that neoliberal “free trade” brings with it wherever it goes.  Like most countries before they embraced neoliberalism, Mexico before NAFTA was once home to a diverse and robust domestic agricultural sector, less reliant on imported food and...

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Martin Armstrong — Magnitsky Act & the Cover-Up of Unprecedented Corruption

Not only Browder but other American predators preying on Russia in the Yeltsin years. Armstrong saw it up close as an investor in Browder's fund, Hermitage Capital.Armstrong EconomicsMagnitsky Act & the Cover-Up of Unprecedented Corruption Martin ArmstrongSee alsoAnother Banned Documentary Hidden from Americans Concerning Russia AlsoWhy is Former Ambassador Refusing to be Questioned by Russians?

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Ben Wray — The magic money tree is real: Treasury confirms taxes are not needed to fund government spending

A LETTER from the Economic Secretary of the Treasury has confirmed that the government does not need to raise money from taxation to fund government spending, leading to advocates of increased public investment to declare “the magic money tree exists, as a matter of fact”.... The argument goes that the government can only spend what it has raised in taxation, with any additional financing having to be raised through debt from financial markets which subsequently has to be repaid. Former...

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John Helmer — The Helsinki Referendum For Donbass – Putin Opts For No-Win, No-Lose; Us Rejects Swap Of Donbass For Crimea

Only for those interested in a detailed backgrounder about where things stand now from someone that understands both English and Russian and it acquainted with the sources. Longish, and requires some background already. Dances with Bears The Helsinki Referendum For Donbass – Putin Opts For No-Win, No-Lose; Us Rejects Swap Of Donbass For Crimea John Helmer

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Popular Resistance — Nicaragua’s Daniel Ortega to Telesur: ‘The Coup Was Defeated’

Ortega says that the country has experienced extreme violence over the past several months at the hands of the “extreme right” of Nicaragua and U.S. elected officials who have always opposed the Sandinista revolution since it emerged in the 1980s. The president went on to say that the violence is the fruit of U.S. officials who are working with poor paramilitaries within the country who want to knock down the Sandinistas. Popular ResistanceNicaragua’s Daniel Ortega to Telesur: ‘The Coup...

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Liz Alderman – Portugal Dared to Cast Aside Austerity. It’s Having a Major Revival.

It seems that the socialists do better capitalism than the conservatives do, well at least in Portugal. Businesses are now flourishing. You see, conservative parties, like the British Conservative Party and New labour, are only interested in serving the elite. KV LISBON — Ramón Rivera had barely gotten his olive oil business started in the sun-swept Alentejo region of Portugal when Europe’s debt crisis struck. The economy crumbled, wages were cut, and unemployment doubled. The government...

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