Mike Norman Economics

On the 19th of April, The Guardian (International Edition) published an article making the assertion that two Twitter accounts were Russian propaganda operations or as they like to put it ‘trolls and bots’ to unleash disinformation on to social media in the wake of the Salisbury poisoning.  The article is written by a rather unsuspecting and maybe, let’s be charitable here, nieve Heather Stewart, who went along with the government operative who fed this nonsense to her in the first place....

Well, to be clear, Trump is a big problem. But he’s not the cause of our problems. To understand why, we have to go back to the 70s, when conservatives and oligarchs launched a de facto coup that ultimately ushered in a New Dark Ages. Conservatives like Lewis Powell and Milton Friedman were mounting a counterattack on the progressive policies of the New Deal, in an attempt to make America more “business friendly.” As I detail in my book WTF, America? How the US Went Off the Rails and How...

Dmitri Trenin is an analyst worth listening to. Short.Global TimesUS hybrid war arrives to replace Cold War Dmitri Trenin The Global Times is a subsidiary of the People's Daily, the official media organ of the CCP. While the Global Times is not an official party organ, it is reflective of it.See alsoSputnik InternationalUS No Longer Has Resources to Start Full-Scale War Against Iran - Prof Radio Sputnik interviews Hamed Mousavi, professor of political science at the University of...

The amount of money held by Russians in the UK is dwarfed by the amount held in the British Overseas Territories, which include some of the world’s most significant tax havens. The Global Witness report, Missing the Bigger Picture, is released as politicians have called for a crackdown on criminal and corrupt cash from Russia following the poisoning of Sergei Skripal and ahead of a crucial vote in parliament to increase transparency in the UK’s tax havens on Tuesday 1 May. The analysis of...

Yves here. Another way to think about the warning of this post is: Beware of Silicon Valley libertarian billionaires bearing gifts. Naked CapitalismThe Federal Job Guarantee Is Not Just “Better” Than a Universal Basic Income. It’s the Only Reasonable Option. Universal Basic Income Is Sinister. Jeff Epstein, an independent and progressive journalist with Citizens’ Media TV Originally published on Citizens’ Media TV

Conventional economics prioritizes "growth" measured chiefly by per capita real GDP, assuming that increasing per capita real GDP increases the standard of living of a society. However, per capita real GDP is not a metric of the standard of living since it does not include distribution. They becomes crucial as inequality of income and net worth increases. A small segment of the population can be getting better off, while most of the society either languishes or declines. The typical...

New twist in the Mueller investigation; might finally be jumping the shark here...FBI interviewed Russian MMA fighter linked to Trump and Putin: report https://t.co/wP5Fc5uGJU pic.twitter.com/nJDxXQCuXh— The Hill (@thehill) April 29, 2018

I love a good rant. This is, in fact, a great one! Hey, Sunday Times? How about fuck you, actually? Fuck your brazen attempt to keep the British people from reclaiming what is being stolen from them by an increasingly corporatist neoliberal government. Fuck your shameless “information war” which places the agendas of plutocrats and intelligence agencies above truth and honest discourse. Fuck your relentless propaganda campaign which smears anyone who remembers the lies they were told...

Back then I did not realise what I now know, that the person being protected was Pablo Miller, colleague in both MI6 then Orbis Intelligence of Christopher Steele, author of the fabrications of the Trump/Russia golden shower dossier. That the government’s very first act on the poisoning was to ban all media mention of Pablo Miller makes it extremely probable that this whole incident is related to the Trump dossier and that Skripal had worked on it, as I immediately suspected. The most...

I was very surprised about PCR's rant about capitalism, because it's as if nowadays its taboo to criticise it too much. We certainly don't want communism, but that doesn't meant to say we love capitalism all that much either, apart from the mom-and-pop small businesses. As Paul says, today's capitalism is non stop work 24/7, and now with machines going flat out 24 hours 365 days of the weak as well. This is the Protestant Work Ethic on steroids, all work with no rest or play.Calvin's...