Mike Norman Economics

The key element that distinguishes capitalist societies from previous forms of social organization is not the existence of markets or money but rather capital investment, the act through which basic elements of society and life—including natural resources, technological discoveries, cultural productions, urban spaces, educational institutions, human beings, and the nation-state—are transformed (or “capitalized”) into income-generating assets valued and allocated in accordance with their...

Another "oops."Ars TechnicaPentagon contractor leaves social media spy archive wide open on AmazonDan Goodin | Security Editor

Not just the US. Jacques Sapir could be compared with Noam Chomsky in the US. In an open letter to Macos, Sapir claims that this act again him, seemingly anodyne, is extraordinary. It is representative of the intolerance towards anti-establishment opinion and of the repression that grows inexorably whether in France (the anti-terrorist law very worrying in this regard)(1) or in other countries, like Spain. Liberalism in the West is under threat as elites feel the heat. This is not a...

These investigations are taking place because powerful elites want to vilify an emerging geopolitical rival (Russia) and prevent Trump from normalizing relations with Moscow, not because there is any evidence of criminal wrongdoing. As the Intel analysts themselves acknowledge, there is no proof of criminal wrongdoing or any other wrongdoing for that matter. What there is, is a political agenda to discredit Trump and demonize Russia. That’s the fuel that is driving the present campaign....

It is not possible to overstate the power of certain constituencies and corporate lobbies in the United States. These pressure groups, joined by powerful government agencies, many of which have secret agendas that focus on national security, constitute what is increasingly being recognized as “Deep State America.” Deep State is the widespread belief that there exists in many countries an entrenched and largely hidden infrastructure that really controls the national narrative and runs...

It needs to be acknowledged that, yes, as some claimed there was foreign involvement in the 20 February 2014 terrorist sniper attacks on Ukraine’s Maidan that killed some 47, wounded more, and sparked the overthrow of Ukrainian President Viktor Yanukovych. However, according to information from an Italian documentary film (www.occhidellaguerra.it/ucraina-le-verita-nascoste-parlano-cecchini-maidan/) and published on Facebook by the world’s leading expert on the Maidan sniper attack, Ottawa...

This may be of interest to some here. It's an extract from a longer work, so some prior understanding is assumed. Unfortunately, it may not be understandable without having read what went before, unless one is familiar with the philosophical context of what he is talking about. In this short excerpt, Alexander Dugin provides an summary of view of Hegel's project and how it fits into subsequent history and remains significant today, from his own point of view, of course, although in my...

President Trump and his son-in-law bet that the young Saudi crown prince could execute a plan to reshape the Mideast, but the scheme quickly unraveled revealing a dangerous amateur hour, writes ex-British diplomat Alastair Crooke. Consortium NewsTrump’s Saudi Scheme Unravels Alastair Crooke | founder and director of the Conflicts Forum, and former British diplomat and senior figure in British intelligence and in European Union diplomacyalsoThe AntiMediaThe Truth About Why Saudi Arabia and...

To think in just 30 years the Chinese have created all this, look and gasp. The downside, the pollution and the hardship that working people went through, but this happened to us too as we built our civilization. Now China is raising wages to create more home demand and is also trying to do something about the pollution. [embedded content]

Why economics is not a science and how it is being used prescriptively rather than descriptively.Adam Smith's Lost Legacy More Criticism Of Mathematical Economic Theorising Gavin Kennedy | Professor Emeritus, Heriot Watt University