Mike Norman Economics

In the military, logistics is everything in the sense that the side with superior logistics wins in the end as a matter of attrition in prolonged conflict. Long supply chains are weak links.Zero HedgeUS Navy Tests 3D Printers In Move To Shore Up Supply Chain Tyler Durden

According to the theory of capital as power (CasP), capitalists and corporations are driven not to maximize profit, but to ‘beat the average’. Their yardstick is not an unmeasurable theoretical abstraction, but the readily observable performance of others. Their aim is not to increase their ‘material gain’, counted in fictitious utils or socially necessary abstract labour time, but to earn more money than everyone else. And the reason, we argue, has to do with power. In capitalism, capital...

Economic liberalism (capitalism) as an economic system is antithetical to political liberalism (democracy) and leads to corporate statism (fascism). The economic system that is compatible with democracy is socialism.Robert Urie makes a case. CounterpunchFascism is Capitalism That Really Means ItRob Urie

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They never learn. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes/ Download my podcasts! New one every week. https://www.buzzsprout.com/1105286 Mike Norman Twitter https://twitter.com/mikenorman

As anticipated, a restatement of Wilsonian liberal internationalism based on American exceptionalism and global dominance. It's a speech that Hillary Clinton could have delivered.Basically the same line we've heard since the end of WWII and the ramp up of the Cold War. Compare with the forward looking speeches of Xi and Putin. No vision.  No systems awareness, or situational awareness. Lots of looking back and wishful thinking based on it. Idealistic and not realistic.Fail. REVJoe Biden...

It is long past time for policymakers to fight corporate concentration. Fortunately, there is good reason to think they will soon do so….Amazon’s origin story reflects the reality that the corporation is a creature of policy and politics....The Guardian (UK)At Last, the Regime That Enabled Amazon’s Monopoly Power is CrumblingMatt Stoller

First it was Dominion, now it's Smartmatic's turn.Voting software company Smartmatic has filed a $2.7 billion libel suit against Fox News, three Fox hosts - Lou Dobbs, Maria Bartiromo and Jeanine Pirro - as well as lawyers Rudy Giulani and Sidney Powell over what the firm claims are knowingly false claims about former President Donald Trump’s election loss, CNBC reports. The lawsuit accuses the defendants of executing a coordinated disinformation campaign aimed at convincing the public of...

An anonymous former government official has written a conventionally hawkish paper on China. The Atlantic Council and Politico have both published versions of the piece, and they have agreed to keep the author’s identity under wraps for reasons known only to them. The Atlantic Council claims that anonymity was necessary because of “the extraordinary significance of the author’s insights and recommendations.” It’s not clear why they find these insights and recommendations to be so...

Paul Robinson calls attention to more wishful thinking in the West based on the results of recent polling in Russia.IrrussianalityLatest Poll Undermines Claims of Rising Dissatisfaction in RussiaPaul Robinson | Professor, Graduate School of Public and International Affairs at the University of OttawaSee alsoMore numbers from different sources.The Unz ReviewDon't Waste Time on Hacks. Look at Numbers., by Anatoly KarlinAnatoly KarlinFrom the real Left. Lesson: don't lump all the protestors in...