Mike Norman Economics

“Obviously, the era associated with attempts to build a unipolar, centralized world order (…) has ended. But, in reality, it did not begin. Only one attempt in this direction was undertaken. But that too has passed,” the Russian president added.“Such a monopoly by its nature went against the historical cultural plurality of our civilization,” Putin specified....Internationalist 360ºPutin: “The Era of Trying to Build a Unipolar World is Over”Sputnik| ALBATranslation by Internationalist...

Ruptly, RT’s video agency, bested AFP, Reuters, the Associated Press and others to become the most-watched news agency on YouTube in 2020, a triumph attributed to its exclusive footage of some of the biggest stories of the year.According to data from online video measurement company Tubular Labs, Ruptly outperformed all of its competitors, with its content receiving 429 million views over the past 12 months. The company enjoyed a comfortable lead over second-ranked Yonhap, which raked in 367...

Ukraine and Israel?Moon of AlabamaMore Cyber Crimes, Attributed To Russia, Are Shown To Have Come From Elsewhere

Rational choice theory, like Bayseianism in statistics, is based on informed opinion (rational expectations), but it is opinion none the less. Therefore, it is a heuristic device subject to YMMV rather than being determinative, that is, leading to knowledge rather than opinion or belief. This condition determines the scope of the method.Lars P. Syll’s BlogTruth and rationalityLars P. Syll | Professor, Malmo UniversitySee also todayMainstream economics — nonsense masquerading as science

Not every Asian digital bank is a success story, of course, but those that have developed a productive business model and scaled effectively have thrived. Once established, digital banks can generate higher revenues at a lower cost to serve than incumbents, putting them in a position to expand market share. In addition, their digital architecture enables them to access ecosystems of businesses and customers, bringing exponential benefits in terms of knowledge and data.While digital banks in...

There is just too much American dis-information about China! Three main reasons:The U.S. is losing badly against China in almost all fronts of competition, from the ideology to the economy.China-bashing is a bipartisan sport, with impunity.A crippling American tradition of media distortion. econintesect.comTop 10 American Misconceptions about ChinaFrank Li | Chinese ex-pat, Founder and President of W.E.I. (West-East International), a Chicago-based import & export company, B.E. from...

 WTF Watch.This would be funny if it were not existential. America coming apart at the seams. ROW ROFLTAO (The rest of the world rolling on the floor laughing their asses off.)EconospeakThe Oregon Republican Party Issues a CondemnationPeter Dorman | Professor of Political Economy, The Evergreen State College

Clueless. Interesting only because of where it is published.Reason Foundation is a Libertarian institution.The Hill — OpinionShould deficits matter any more?Marc Joffe is a policy analyst at Reason Foundation, former senior director at Moody's Analytics

It’s Wednesday and I have been tied up most of the day on things that keep me from writing. But I offer some comments on today’s inflation data from the Australian Bureau of Statistics which will help you understand that we have to be very careful in analysing that data because quite often CPI increases are driven by government policy which allows administered prices to rise. Short conclusion: a rising inflation rate does not signal a growing economy necessarily. I also provide details about...

This was linked to yesterday at Naked Capitalism. Here is the link to it at Michael Hudson's site for the record. The article is based on his forthcoming book.This article is based on Chapter 1 of Cold War 2.0. The Geopolitical Economics of Finance Capitalism vs. Industrial Capitalism (Dresden, ISLET: in press; Chinese translation 2021). © 2020. All rights reserved.Michael Hudson — On Finance, Real Estate And The Powers Of NeoliberalismThe rentier resurgence and takeover: Finance Capitalism...