Mike Norman Economics

Summary of one big reason that China is rising.East Asia ForumGlobalisation isn’t losing steam in ChinaSong Hong | Professor, Senior Fellow and Deputy Director-General at the Institute of American Studies, Chinese Academy of Social Sciences (CASS).(An extended version of this article appears in the most recent edition of East Asia Forum Quarterly, ‘Reinventing global trade’, Vol. 13, No 2.)

Organizers: Edward Lipiński Foundation and Heterodox Publishing House. Date: 8 – 12 September, 2021 Venue: Poznań, Poland Deadline for applications: 31 May, 2021 Event on facebook: https://www.facebook.com/MMT.School.in.Poznan/Fundacja LipińskiegoMMT 1st Summer School in Poznań

You can't play the game until the game distributes the money. 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

 Iran, China and Russia all want to normalise relations and avoid conflicts with the US, but Washington is not interested, not unless those regimes commit suicide, which is a very unlikely prospectWOKE, liberalism, equality for women and ethnic minorities, people with mental and physical disabilities are treated as valued citizens: and it should be great, except it comes with endless warfare, death, and destruction. Good is evil!US Secretary of State Antony Blinken says China has recently...

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 The International Commission of Inquiry on Systemic Racist Police Violence Against People of African Descent in the United States on Wednesday issued its long-awaited report on the U.S.’s police-perpetrated racist violence. The commissioners concluded that the systematic police killings of Black people in the U.S. constitutes a prima facie case of crimes against humanity and they asked the prosecutor of the International Criminal Court (ICC) to initiate an investigation of responsible...

Why isn’t the unequal distribution of ex ante expected lifetime income—inequality of opportunity—conceptualized by us economists as the greatest of all market failures? And why isn’t the distribution of political power that creates & preserves a property order of unequal wealth seen as the greatest of all “regulatory capture by a special interest group” flaws in the working of society, economy, and the state?"….Conventional economics is based on ignoring embedded asymmetric power...

Demand exceeds supply capability in Russia.BRICSRussia Turns to China to Make Sputnik V Jabs to Meet Demand

 China is pulling away.Real-World Economics Review BlogChina and U.S. GDP: Purchasing Power Parity – chart