Mike Norman Economics

Dependency and world-systems theorists have long argued that “unequal exchange” is a key driver of global inequality. Since wages and natural resource prices are much lower in the global South than the North, poor countries must export many more units of embodied labour and resources than they import in order to achieve a monetary balance of trade. This creates a constant transfer of labour and ecology from the periphery to the core, developing the latter but impoverishing the former.In a...

She's clueless. Lacks understanding that rate setting is price setting and a fiscal operation. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/

It seems that Nicholas Wade is playing politics and spreading propaganda rather than doing science. Despite Wade’s journalistic pedigree, close reading of his latest essay on the origins of COVID-19 reveals a poor adherence to reporting standards, investigatory lapses and major biases, and insistent mis-representation or outright falsehoods, leading to erroneous and unsupportable conclusions. Wade concocted a story of false improbabilities — he arbitrarily states conditions: “What if the bat...

[embedded content]Potholer54 - Unravelling China’s "sinister plan" to "unleash coronaviruse"

 In the coming days, the World Socialist Web Site will do everything in its power to warn working people all over the world about the right-wing witch-hunt against the world’s leading experts on infectious diseases. We stand ready to work with scientists in defending a scientific approach to the pandemic, which is critical to saving lives. Working people, who are the target of the ruling class’s herd immunity policies, must come to the defense of scientists who have sought to arm society...

Rejection of mainstream science and medicine has become a key feature of the political right in the U.S. and increasingly around the worldAntiscience is the rejection of mainstream scientific views and methods or their replacement with unproven or deliberately misleading theories, often for nefarious and political gains. It targets prominent scientists and attempts to discredit them. The destructive potential of antiscience was fully realized in the U.S.S.R. under Joseph Stalin. Millions of...

De-dollarization continues owing to politicization of the USD by the US government as a foreign policy tool. US economic warfare is also driving a closer Sino-Russian alliance, including military and technology sharing, as well as renewing the arms race. Cold War 2.0 is on, and the parties are setting up for it to last.Sputnik International (Russian state-sponsored media)Russia Prepares to Transfer All Currency Liquidity From Dollar to EuroTransition From Dollar in Int'l Settlements Happens...

 Neoliberalism: corporate profit as public purpose.The United States might learn from China’s success in investing in high-speed rail and try and emulate it; however, according to the ITIF, China’s high-speed rail policies damage “innovation” by privileging domestic market development and state-owned enterprises over the interests of private, foreign firms primarily residing in the West. China is accused of employing a form of “mercantilism” to manipulate the global market at the expense of...

 How liberalism’s blind spot let cancel culture bloomUnless you are unusually interested in American political data analysis, you probably haven’t heard of David Shor. He spends his professional life studying public opinion and the variables that affect it, immersed in polling data and the relevant academic literature. And he does this mostly with the aim of figuring out how the Democrats can win elections. As a 20-year-old prodigy, he spent 2012 crunching numbers for the Obama...

Where are all these quacks who've seen saying this for so long and are so WRONG??!!!