Mike Norman Economics

Thomas Fazi is Bill Mitchell's collaborator. The Italian Marxist Antonio Gramsci coined the term “organic crisis” to describe a crisis that differs from ”ordinary” financial, economic, or political crises. An organic crisis is a “comprehensive crisis,” encompassing the totality of a system or order that, for whatever reason, is no longer able to generate societal consensus (in material or ideological terms). Such a crisis lays bare fundamental contradictions in the system that the ruling...

                        This beautiful park is up for sale to developers - once it's gone, it's gone!“Everybody uses this park,” says Jackie Lewis, who raised two children in a red brick house a block away. “This is probably our last piece of community space. It’s been one after the other. You just end up despondent.”So much for the Thatcher miracle, Britain is more broke than ever. But where did the money go, maybe the banks took it all in their bail out?  But aren't these the...

Steve keen on Twitter Yanis has just penned a superb review of reviews of Adults in the Room, and it's prompted me to make my review (which I only published on Amazon) more widely known. Here it is below, and here's the link to the review on Amazon. Buy Yanis's book. It's the only way you'll understand what's about to unfold in Italy  A cracking tale of the first act in the destruction of Europe by Europe's unelected elite  First an admission: Yanis and I have been friends since we met in...

I didn't know who Lindsey Graham was when I first saw him but I realised straight away he was a very dangerous person. KV Danial Larison - The Madness of Lindsey Graham For some mysterious reason, Lindsey Graham is taken seriously when he talks about foreign policy, and yet everything he has to say about these issues is either nonsense or maniacal. Here he is rambling about why the U.S. should be willing to attack North Korea despite the massive loss of life that would follow: Well, you...

A shocking video, but look at the others here too? Immigrant women workers being raped on night shifts and in the fields at American farms. Trafficked in America, 1,475 Disappeared Children. Documentaryhttps://www.pbs.org/wgbh/frontline/film/trafficked-in-america/The American Conservative The Arizona Republic writer E.J. Montini has a story that is so horrible that it can’t be true … can it? Yes, it’s true. Excerpts:The Trump administration recently announced a new, get-tough policy that...

Independent filmmaker Graham Phillips takes a close look at the BBC program “Russia with Simon Reeve”, revealing the degree of bias – and worse – beneath its benignly smiling exterior. Off-Guardian [embedded content] I remember watching a British documentary about Cuba a few years back which was presented nice looking middle class journalist. Well, surely he wouldn't lie, and so an unsuspecting public subliminally takes in the BBC propaganda without any thought?  The first minute or so the...

In the richest counties in the world there's a lot of loneliness as we become less group orientated and more individualistic.In primitive societies the group was very social, for instance, I always wondered how very young women coped with being teenage mothers when there was no age of consent so most of them may have been still children. But young inexperienced mothers would never be left alone all day with nagging children as the grandmothers and great grandmothers - who would have...

Does everyone have the same values? Yes, but libertarianism isn’t one of them.  Steve Pinker says that in modern societies people support some sort government social provision as they are aware the market can't meet the needs of everyone, for instance, the elderly, young children, and those that have no skills or talents that the market can use. But I think there is another very powerful reason: when the chips are down and you have run out of luck, no one wants to live in a society where,...

[embedded content] A former Time Magazine Editor admits he’s pro-propaganda, refuses to answer panel question. The former editor of Time magazine admits the MSM prints fake news. He says propaganda is fine and all all countries do it. Well, what's the point of reading the MSM then when it is full of fake news? Propaganda is rich people telling middle class people that the problem is poor people. 'Look the poor don't want to work, see, they just sit about doing nothing or get involved in...

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