Mike Norman Economics

Huawei expects the number of devices equipped with HarmonyOS to reach 300 million by the end of 2021, including more than 200 million for Huawei devices. ECNSHuawei's HarmonyOS 2 users exceed 40 millionXinhua

What Andrew Batson apparently overlooks is that unlike Europe in the 1960's under democratic socialism, the Chinese government controls the "commanding heights" of the Chinese economy. According to Lenin, this is a defining characteristic of socialism. Interesting otherwise.Andrew Batson's BlogChina in the 2020s is not France in the 1960sAndrew

The Jesus I was taught about when I was a boy said, "Love thy neighbour, turn the other cheek, and he who has not sinned cast the first stone." This Jesus was gentle. He also cared for the poor and destitute. Mikey Weinstein of the Military Religious Freedom Foundation, says quite possibly as much as a third of the U.S. military have been recruited to extreme Christian Nationalism, including at the highest levels. They were heavily involved in the events of Jan 6th. The full interview will...

Won't work unless the Western governments back their private companies that are supposed to put risk capital into it in order to make a profit. And it won't work for the West either if the West doesn't ties strings to the investment, which will mean it won't work for the target countries.Moreover, the third world is out of the natural reach of the capitalist countries other than as colonies.This is overreach.For China (and Russia) it is an entirely different story. This is their region of...

What US economic warfare looks like in Cuba.As a Canadian with family members that live in Cuba, who was in Cuba during the anti-government protests that occurred on July 11, I found myself in a unique and disturbing position where I could see and feel the disconnect between what was being reported by the mainstream media back home and what was really happening on the ground in Cuba.International 360ºEye-Witness Account of US Attempts to Destabilize CubaKatheryne Guerrera *guerrera means...

Delegation from militants meets Chinese foreign minister as Beijing seeks to extend influence in AfghanistanAlthough the US might once have fiercely resisted Chinese attempts to increase their influence inside Afghanistan, now Washington’s priority appears to be staving off a collapse into full civil war.Beijing is especially concerned about the prospect of Afghanistan becoming a base for Uyghur militants from China’s western Xinjiang province, where authorities maintain vast networks of...

Moon of Alabama attacks an article by Stephen Roach, former chairman of Morgan Stanley Asia and chief economist at Morgan Stanley. Roach is looking through a US-centric lens and as a result gets the bigger picture wrong.There is a further reason that is not mentioned. Big Tech, while a driver of profit, is not only economically unproductive but also undermining of a culture. TV was supposedly the cause of turning Western culture into a wasteland. Social media and gaming do that on steroids....

US elite wildly wrong on the Russian economy? Paul Robinson provides some numbers.RTPutin is broke? Biden the latest American leader to publicly expose the dangerous lack of genuine Russia expertise in WashingtonPaul Robinson | Professor, Graduate School of Public and International Affairs at the University of Ottawa

Why won’t America’s 1 percent—such as the six Walmart heirs, whose wealth equals that of the entire bottom 30 percent—be a bit more . . . selfish? As the widening financial divide cripples the U.S. economy, even those at the top will pay a steep price.Why excessive income Inequality harms society. Put sentiment aside. There are good reasons why plutocrats should care about inequality anyway—even if they’re thinking only about themselves. The rich do not exist in a vacuum. They need a...

New IDEAS Working Paper on the alternative views of the collapse of Bretton Woods. From the abstract:Contrary to conventional views which suggest that the collapse of Bretton Woods represented the beginning of the end of the global hegemonic position of the dollar, the collapse of the system liberated American policy from convertibility to gold, and imposed a global fiat system still dominated by the floating dollar. The end of Bretton Woods and the set of regulations that imposed capital...