Saturday , August 13 2022
Home / Mike Norman Economics (page 1340)

Mike Norman Economics

Something to keep an eye on

If they are keeping a close eye on this, then we should we should be keeping a close eye on them keeping a close eye on this...Via @Convertbond : on the case for keeping a close eye on US average hourly earnings https://t.co/Y9hTWsZkNV #wages #economy #markets #jobs pic.twitter.com/InWmTzJsKa— Mohamed A. El-Erian (@elerianm) October 7, 2017

Read More »

John Pilger: The Rising of Britain’s ‘New Politics’

John Pilger is not impressed with Bernie Sanders who he considers to be a war monger, and he doesn't hold out much hope that Jeremy Corbyn will be able change Labour's foreign policy or reduce UK's arm sales to odious regimes like Saudi Arabia. Richie Allen says he has not voted for 20 years because he feels that no matter what politicians say or believe, they will be vibrated into place by the system once they get into power. Jeremy Corbyn has already giving shadow government positions to...

Read More »

Joseph E. Stiglitz — Déjà Voodoo

A Trump administration staffed by plutocrats – most of whom gained their wealth from rent-seeking activities, rather than from productive entrepreneurship – could be expected to reward themselves. But the Republicans’ proposed tax reform is a bigger gift to corporations and the ultra-rich than most had anticipated. Best line: "Trump assumed office promising to “drain the swamp” in Washington, DC. Instead, the swamp has grown wider and deeper. With the Republicans’ proposed tax reform, it...

Read More »

Aaron Maté — Russiagate Is More Fiction Than Fact

From accusations of Trump campaign collusion to Russian Facebook ad buys, the media has substituted hype for evidence. Aron Maté makes a case that we have been making here at MNE for a long time. Amazing how long this can be sustained without substantiation. It doesn't speak well for the critical thinking skills of Americans, if in fact most are being taken it by the sleight of hand. There is a huge difference between allegations and evidence, especially when those making the allegations...

Read More »

Chris Dillow — Capitalism’s bad incentives

 Martin Wolf writes that successful leftism “must recognise the crucial role of incentives in shaping human behaviour.” This is correct. I’m not sure, though, that it is a big argument against Corbynism. This is because actually-existing capitalism itself contains many dysfunctional incentives – ones that constrain innovation and encourage rent-seeking - and Corbynism offer the hope of reducing some of these. I would say that there is a tendency in capitalism (economic liberalism) toward...

Read More »

Sebastian Heilmann — Big Data reshapes China’s approach to governance

Absolutely must-read! Economic planning and societal control: The digital transformation is changing the rules of the game in the global systemic competition. China's determined pursuit of a "digital Leninism" presents a major challenge to liberal market economies and democratic political systems. MERICS — Mercator Institute for China Studies Big Data reshapes China's approach to governance Sebastian Heilmann ht Ryan in the comments Sebastian Heilmann is the founding president of the...

Read More »

Xinhua — Image of China changes at “China speed,” U.S. experts say

Meanwhile, a new Ipsos Global poll about countries with positive influence on world affairs found China ranks 8th with a score of 49 percent, 9 percentage points higher than the United States. Daniel Rosen, founding partner of Rhodium Group, said on Tuesday at a forum in New York that according to his tracking of China's innovation progress, in 18 months from now, the share of China's industrial output from innovation will surpass that of the United States. "Now China's image is obviously...

Read More »

Xinhua — “A community of shared future for mankind” in the making

China aims at replacing the US in soft power by providing a superior vision of the future of humanity. The phrase "building a community of shared future for humanity," was written into the report of the 18th CPC National Congress in 2012. Five years on, the term is a now concrete plan with a clear direction and widespread approval. Multi-polarity, globalization, cultural diversity, interdependence, scientific and industrial revolution have emerged as the key descriptors of the world....

Read More »