Mike Norman Economics

Southern governments are captive to the demands of international capital, which prevents them from meeting their people’s real needs. MMT offers a way out, says Jason Hickel.New InternationalistHow to achieve full decolonizationJason Hickel

Setting the record straight.The Case for Concerted ActionThe 2021 Nobel Prize, And Michał Kalecki On The Positive Effects Of Rise In Wages On EmploymentV. Ramanan

 Must-read. (It's short.)Chris Dillow sheds some light on one of the chief economic challenges the developed world faces — productivity stagnation — regarding which many factors are operative, including non-economic ones that lead to "internal contradictions" endemic in the capitalistic system as presently configured.Stumbling and MumblingProductivity in late capitalismChris Dillow | Investors ChronicleSee alsoFun if you know some Marx.MR Online‘Marx in Soho’: An EpilogueCalvin Wu

Rohan Grey and Nathan Tankus are emerging as next-generation MMT stars.Podcast and transcript.MR Online — Money On The LeftMint After Reading: Philip Diehl Talks with Rohan GreyRohan Grey and William Saas

The US Bureau of Labor Statistics published the latest JOLTs data last week (October 12, 2021) – Job Openings and Labor Turnover Summary – August 2021 – which has raised a possible shift in bargaining power in the US labour market towards workers. The most obvious sign of that is the rising quit rates, which are most prevalent in the low-wage sectors. While there is still some slack in the US labour market, the evidence suggests that workers are taking advantage of the improved job...

 This has happened to me, I've demolished someone on twitter, which easy to do with science deniers, only to wake up at 3am and feel that I was far too horrible and mean, but when I look at my tweets after I have gotten up, I find that I was actually quite reasonable and polite. But I've had it happen in other situations too. When I wake at 3am or so, I’m prone to picking on myself. And I know I’m not the only one who does this. A friend of mine calls 3am thoughts “barbed-wire thinking”,...

 Politico purchase by German firm Alex Springer.CaitlinJohnstone.comRefreshingly Honest Billionaire Says Media Purchase Will Be Used For PropagandaCaitlin Johnstone

A lack of charging points and the prevalence of slow charging options have left some reluctant to make the shift. In fact, Allegra Stratton, spokesperson for the COP26 climate summit, made headlines when she stated, “I don’t fancy it just yet,” in reference to swapping her aging diesel Volkswagen Golf for an EV alternative. She justified the statement by saying that she has elderly relatives that live “200, 250 miles away”, and the need to stop and charge would take too much time,...

 I can listen to Michael Hudson for hours, and here he presents some complex issues in a very clear, interesting, and entertaining way that holds your attention. Michael Hudson says that America's economy is more centrally planned than China's, but unlike China, the central planning is terrible. Their plan is to deindustrialise and then financialise the economy. Their aim is rent extraction, that is, to obtain a free lunch. The American elite have corrupted the Washington, but in China the...

Global energy prices are likely to keep rising without a major boost in clean energy investment, warns the IEA.The energy crisis has led to a sharp rebound in coal and oil usage, putting the world on course for the second-largest annual increase in carbon emissions in history this year.The IEA believes current climate pledges are too modest.OilpriceIEA Director: Energy Prices Will Continue To Rise Without Greater Investment In Clean Energy ProductionCity A. M.