Mike Norman Economics

Interesting video! Capsian Report seem to be neutral, but I need to find out more about them. I don't know how correct their analysis is, but it seems feasible. The world is a pretty dangerous place, with countries still up for grabbing each others resources and wealth, if they can, so China needs to hang into its inner regions, Tibet and Xinglian, etc, as a buffer zone against attack. But these regions are poor, so the richer coastal parts of China have to subsidise them, hence communism...

Excerpt from Ours: The Case for Universal Property by Peter BarnesCapitalism as we know it has two egregious flaws: it relentlessly widens inequality and destroys nature. Its ‘invisible hand,’ which is supposed to transform individual self-seeking into widely shared well-being, too often doesn’t, and governments can’t keep up with the conse­quences. For billions of people around the world, the chal­lenge of our era is to repair or replace capitalism before its cumu­­la­tive harms become...

One of the great political changes of my adult lifetime has been the right’s abandonment of free market economics, as illustrated by the government imposing trade frictions within the UK and putting up the tax burden to what the OBR says will be “its highest level since Roy Jenkins was Chancellor in the late 1960s.” Two books I’ve read recently pose a question: might this shift be due in part to an awareness that markets are no longer the foundation of freedom we once thought they...

 The right’s favorite scare word is “elitism.’ What does it mean?When I say the elite, I mean the ruling class, but when the Right say the elite, they mean educated people and academics, like climatologists, psychologists, and epidemiologists, etc.  If there’s one epithet the right never tires of, it’s “elitism.” Republicans are constantly accusing Democrats of it this campaign season, as when Kentucky Senate nominee Rand Paul attacked President Obama as “a liberal elitist … [who] believes...

By 2030, China's carbon dioxide emissions will peak, stabilize and then decline, and by 2060, China will be carbon neutral and have fully established a green, low-carbon and circular economy, it said, reiterating the country's previous pledge.ECNSChina maps path to carbon peak, neutrality under new development philosophyXinhua (Chinese state media)

Reddit WSB people starting to pick up on the Trump thing:

Jack thinks we’re going “hyperinflation!”… “hahper!”…  if we don’t get it, this could turn out to be another Trump Curse situation… he’s already dressed for it… wouldn’t have to change clothes…Twitter CEO Jack Dorsey's dire warning: 'Hyperinflation' will soon 'change everything'https://t.co/dsP3ZoNhFO— FOX Business (@FoxBusiness) October 24, 2021

 American comedy this week. I don't look for comedy, it just turns up in my YouTube app, but not so much has turned up lately. [embedded content]https://youtu.be/m1bLXk6UVtsFAT DRUNK PIG ROLLS DOWN A HILL[TRY NOT TO LAUGH][embedded content]FAT DRUNK PIG ROLLS DOWN A HILL [TRY NOT TO LAUGH]

This thing had a good 2 days Thursday and Friday… and it appeared to be in “liquidation only” on Friday my broker would not accept a market order to buy….  I don’t know if an ipo was ever treated like that before…This is interesting from the Zero Hedge people here I don’t know if this is accurate or not:Finally, we note that DWAC would have to reach $1,739 to be as large as Twitter... food for thought for analyst price targets.And if Pinterest is supposed to be worth $50b I have to think the...

One topic in the coalition talks to form a new government in Germany is the legalization of cannabis products. All three parties are in favour of a regulated system for cultivation, trade, and sale. German pharmaceutical companies are also hoping for a boost from this.When cannabis was legalized in Canada three years ago, many customers were eager to make the first legal purchase of marijuana. Today, the legal cannabis industry in Canada posts more than two billion euros in sales annually....