Mike Norman Economics

The fact that Donald Trump built his political reputation on the lie that Barack Obama was born in Kenya should have been a tip-off to this, but here we are.…  “I don't think I went overboard,” Trump said in 2013. “Actually, I think it made me very popular. . . . I do think I know what I'm doing.” Salon The birther blemish: Republicans still think Barack Obama was born in Kenya Jarrett Lyons

IntroductionThe American welfare state was created in 1935 and continued to develop through 1973. Since then, over a prolonged period, the capitalist class has been steadily dismantling the entire welfare state.Between the mid 1970’s to the present (2017) labor laws, welfare rights and bene ts and the construction of and subsidies for a ordable housing have been gutted. ‘Workfare’ (under President ‘Bill’ Clinton) ended welfare for the poor and displaced workers. Meanwhile the shift to...

Back in 1987 a reporter interviewed Mike Tyson about his upcoming fight with Evander Holyfield. The reporter asked Mike if he was worried about Evander and his fight plan. Mike famously replied,”Everybody has a plan until they get punched in the mouth.” That thought came to mind when I read the latest plan articulated by a Pentagon spokesman for our military forces in eastern Syria.... Sic Semper Tyrannis Waiting for the punch in the mouth TTGalso The immediate consequence of Trump’s...

David Stockman is a lot better at analyzing politics than economics. He presents the case against Russiagate and shows how it is based on the politicization of intelligence and fake news reverberating in the media echo chamber. It is joining Paul Craig Roberts and Pat Buchanan as an establishment "turncoat." "the Deep State has turned its own crimes during and after the 2016 election into nothing less than a coup d'etat against American democracy" Russia InsiderStockman: Why the Deep State...

British Labour Party leader Jeremy Corbyn addressed United Nations officials in Geneva this Friday in a speech outlining his vision for a twenty-first century internationalism. The speech, scheduled to mark International Human Rights Day, examined the roots of global economic inequality, the developing climate crisis and the impact of war across the world. These “threats to our common humanity,” it argues, can only be overcome with “a global rules-based system that applies to all and works...

What happens when land is consolidated with capital as a factor and the objective is maximizing profit short-term.The GuardianMass starvation is humanity’s fate if we keep flogging the land to deathGeorge MonbiotSee alsoPatreonPrinciples of Political Economy: The opening lines Steve Keen

As we show in our recent research note ‘Blood and Oil in the Orient, Redux (2017)’, the Weapondollar-Petrodollar Coalition might no longer be in the Middle East driver’s seat. However, with the oil and armament companies, the region’s oil-exporting autocracies and various non-state groups all keen on seeing their oil incomes rise from record lows, the prospects of a new energy conflict, whether premeditated or coincidental, seem extremely high. More evidence suggestive that economics drives...

The conservatives in the British Labour Party are obviously worried. The UK Guardian article (December 2, 2017) – Labour faces subversion by Momentum and far left, says Roy Hattersley – reports the claim by former Deputy leader, Roy Hattersley that British Labour is “facing the biggest crisis in its history” because left-wingers are engaged “in a systematic takeover of the party”. Gosh. Sounds shocking. A traditionally left-wing political party slowly wresting it back to mission after being...

China has firmly established itself as a global leader in consumer-oriented digital technologies. It is the world’s largest e-commerce market, accounting for more than 40% of global transactions, and ranks among the top three countries for venture capital investment in autonomous vehicles, 3D printing, robotics, drones, and artificial intelligence (AI). One in three of the world’s unicorns (start-ups valued at more than US$1 billion) is Chinese, and the country’s cloud providers hold the...

Barkley Rosen explained how the US papers of record, the New York Times and the Washington Post, not only got it wrong but also imposed their view on the media echo chamber based on their authoritative position as papers of record.EconospeakThe End Of The "Islamic State."J. Barkley Rosser | Professor of Economics and Business Administration James Madison University