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Mike Norman Economics

‘Alternative facts’: A psychiatrist’s guide to twisted relationships to truth

This understanding is better than for instance when we FAIL to get our way technically and/or  politically we would say "its a neo-liberal conspiracy oligarchy world!!!", etc... First, we need to make a distinction often emphasized by ethicists and philosophers: that between a lie and a falsehood. Thus, someone who deliberately misrepresents what he or she knows to be true is lying – typically, to secure some personal advantage. In contrast, someone who voices a mistaken claim without any...

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Xinhua — China not interested in ‘competition of systems’, says Chinese senior diplomat

China's success serves as one of alternative options to those proposed by the West, "Yet China is not interested in the so-called 'competition of systems'", Chinese congresswoman and senior diplomat Fu Ying wrote in a signed article to the special edition of German Times for the Munich Security Conference being held from Friday to Sunday. In the article, Fu Ying, chairperson of the Foreign Affairs Committee of the National People's Congress, said that China has no intention to export its...

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The Free Market Threat to Democracy Sharmini Peries interviews John Weeks

Democratic institutions are not under stress--they're under aggressive attack, as unconstrained financial greed overrides democratic decisions, says economist John Weeks Neoliberalism involves not the deregulation of the capitalist system, but the reregulation of it in the interest of capital. So, it involves moving from a system in which capital is regulated in the interests of stability and the many to regulation in a way that enhances capital.... We have a capitalism in which the form...

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Branko Milanovic — “Fake news”: reaction to the end of the monopoly on the narrative — MORE

The reaction of the Western media is a subset of the reaction of Western governments losing their monopoly as a consequence of globalization. Global Inequality“Fake news”: reaction to the end of the monopoly on the narrative Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Luxembourg Income Study (LIS), and formerly lead economist in the World Bank's research department and senior associate at Carnegie Endowment for...

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Jonathon Cook – Israel: DNA tests may provide answers on missing babies

Thousands of Israeli families who have been searching in vain for answers since their babies mysteriously disappeared in the early 1950s – shortly after Israel’s creation – have been thrown a lifeline. The mystery of the missing children has plagued Israel for decades, with evidence mounting that at least some of the babies were trafficked by hospitals and orphanages – possibly with the connivance of Israeli officials. Other documents indicate some children may have died during experiments...

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Asia Times — US kills Chinese-led takeover of Chicago exchange

The US Securities and Exchange Commission (SEC) Has Rejected a Bid by a Chinese-Linked Consortium to Acquire the Chicago Stock Exchange, Amid Widespread Political Opposition to the Deal. The Exchange, Which Handles Less Than 1% of Daily US Stock Trading, Was Hoping the Sale Could Be a Springboard to a Brighter Future, Attracting New Listings and Investments From China. Unfortunately for the Institution, the Deal Came at a Complicated Time in US-China Relations When It Was First Proposed...

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Vijay Prashad – As Mining Companies in Africa Make Billions, Children Are Left Illiterate

When I was at school we had to study the book, One Day in the Life of Ivan Denisovich, Aleksander Solzhenitsyn, and the book Animal Farm, by George Orwell. I also watched the films 1984 and Animal Farm. Well, if that was communism, I thought, I'm not interested in any of that. Millions of school children were forced to read, One Day in the Life of Ivan, but Aleksander Solzhenitsyn's book, 200 Years Together, has never been in print in the West. Despite reading those books one thing I knew...

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