Mike Norman Economics

Paul Jay describes everything they is wrong with our society and what we can do to save it. The elites are not fit to rule, says Paul Jay, as they are in an orgy of mass profits and can't believe their luck, and so they have no incentive to change, even if they are bringing the world to an end. They are also destroying western civilisation as Nomi Prins describes.The elites believe they can ride the storms of climate change and environmental destructing and watch the world go to hell while...

Weekend reading.This post presents the Marxist position on human nature as socially embedded and historically determined in contrast to the the natural law position of classical liberalism that is based on individualism.Longish, but clearly written and informative.CounterfireMarxism and Human Nature Elaine Graham-Leigh

AXIOSAmazon leaves retail competitors in the dust, claims 50% of U.S. e-commerce market Marisa Fernandez

In Losing Military Supremacy, his latest, groundbreaking book, crack Russian military-naval analyst Andrei Martyanov deconstructs in detail how, “the United States faces two nuclear and industrial superpowers, one of which fields a world-class armed forces. If the military-political, as opposed to merely economic, alliance between Russia and China is ever formalized – this will spell the final doom for the United States as a global power.”The US deep state (its influential bureaucrats) may...

Happy to see Patrick Lawrence writing for AlterNet.AlterNetWhat’s Going to Happen When Assad Wins the War in Syria?  Patrick Lawrence, Independent Media Institute

More weekend reading. Longish, but the author has it about right in my view.  While Konstantakopoulos is a self-identified Marxist, he asserts that his analysis is based on logic and observation, and while informed by a Marxist perspective, it stands on its own merits. I would largely agree with that. The historical dialectic is headed in a very dangerous direction, and the danger is existential given modern weaponry. Defend Democracy PressΤhe structural, fundamental factors...

Is the time of the release just ahead of the Trump-Putin summit coincident or poisoning the well?  People on different sides will view this diffidently. However, most people only read headlines and the message is that the Russian intelligence interfered in the 2016 US presidential election, calling into question the legitimacy of Donald Trump as the president of the United States, as well as his independence of Putin's putative control over him through kompromat. Low blow.Moon of...

This post presents an update of the economic forecasts generated by the Federal Reserve Bank of New York’s dynamic stochastic general equilibrium (DSGE) model. We describe very briefly our forecast and its change since March 2018. As usual, we wish to remind our readers that the DSGE model forecast is not an official New York Fed forecast, but only an input to the Research staff’s overall forecasting process. For more information about the model and variables discussed here, see our DSGE...

This isn't a conspiracy theory, but is based on facts found in the recently released CIA documents. KV. Two US Army Cryptographic Code Operators Overheard JFK Assassination Plan President Trump forced the release of 53,000 CIA documents of the Kennedy assassination that were withheld from the public for more than a half century. The presstitute media, a CIA asset, did not report on the documents. Professor Jerry Kroth, who has written books about JFKs assassination found intercepted and...

Weekend reading. Slate chief political correspondent Jamelle Bouie set off a heated online debate with a series of tweets[1] claiming “the concept of race was birthed by the Enlightenment,”[2] which then sparked a full-length article fleshing out his position.[3] His key claim is that colonialism, slavery, imperialism, and racism in general were not “incidental developments or the mere remnants of earlier prejudice.” Race as we understand it—a biological taxonomy that turns physical...