Mike Norman Economics

Social entrepreneurship.The post seems to view the social application of technology as the "solution." Apparently, they really don't get it. "It" is not just about making life "better" but rather making life meaningful. The issue is overcoming alienation by providing integration.Capitalism is based on alienation. Society ism fracture because individuals are fractured rather than being integrated personally and socially.So the solution involves addressing the paradoxes of liberalism. Many of...

Climate change, terrorism and the backlash against globalization are the three most significant challenges to civilization as we know it, Indian Prime Minister Narendra Modi said at the World Economic Forum’s Annual Meeting 2018 in Davos, Switzerland. These are all conditions either caused by or strongly influenced by neoliberalism, which entails neo-imperialism and neocolonialism, as well as "colonizing" the vast majority of the populations of the developed countries that heretofore had...

Assumes that keeping the euro is a given and proposes a fix. econoblog 101The Euro – Evolution and Prospects (2001/2018)Dirk Ehnts | Lecturer at Bard College Berlin

Crypto really catching on down in that cesspool of corruption... many people being introduced and becoming familiar with the technology...There Are At Least Twice as Many Bitcoin Traders in Brazil as Stock Investors https://t.co/IlPcw9ch3R #Bitcoin pic.twitter.com/YdjCmUNrK4— Bitcoin News (@BTCTN) January 22, 2018

The fearmongering over cyber-warfare with Russia isn’t about actual threat, it’s about vanity, history and MoD greedSimon Jenkins is a moderate conservative who is spot on again. Why can't some Guardian journalists on the left, like George Monbiot, be writing this stuff? The Russians are coming. The terrorists are at the door. Feel afraid, feel very afraid. Give us the money. Every year at budget time, the defence lobby waves shrouds and howls blue murder. With yet another defence review in...

Here, Craig Murray describes his personal experience of the PFI (private finance initiative) rip off scam.  He says that because things have gone so badly wrong the elite are now ready for some privatisations and tax increases, but that isn't enough, a more radical overhaul is required. It looks like Corbyn might not be ready for the task, his hands are tied.   Craig Murray  Here is my personal experience of the great push for the public sector to use the Private Finance Initiative. When...

When the latest Greek bailout deal between the Greek government and the European Commission/IMF) was concluded on June 16, 2017, I concluded that it was designed to fail. Please read my blog – Latest Greek bailout – a recipe designed to fail. Despite all the statements from the European Commission and the IMF to the contrary, the terms of the deal with the Greek government confirms that these institutions had abandoned any pretense to being interested in serious economic policy. For the...

Central bank "independence." Say again?Oh, right. Central bank independence means political indolence of technocrats from influence or intrusion on the part of elected representatives. It has nothing to do with influence by financial industry cronies.Real-World Economics Review BlogThe curious silence of the British media regarding Mark Carney and the secretive G30 Norbert HäringAlsoJean-Claude Trichet cannot be chairman of the ECB’s ethics committee any longer

Much is being made about the ostensibly omnipotent, omniscient, and omnipresent Russian propaganda machine. In the Western view, it decides Western elections and threatens the ‘global liberal order’. In fact, an anti-Putin media organ has published a comparison of the resources devoted to propaganda or ‘strategic communications (stratcomm) by Russian and just the US (excluding European) governments. It demonstrates that the American propaganda machine alone is approximately 3-4 times more...

We learned in recent days that the FBI and the National Security Agency “inadvertently” deleted electronic messages relating to reported felonies, but one noxious reality persists: No one in the FBI or NSA is likely to be held to account for these “mistakes.” It is a 70 year-old tradition. Today’s lack of accountability is enabled by (1) corruption at the top of intelligence agencies; (2) the convenient secrecy behind which their leaders hide; (3) bureaucratic indignities and structural...