Mike Norman Economics

This what the US should have done decades ago when tech monopolies were rising. Did China learn from the US experience not to ignore this? They aren't exactly nipping it in the bud, but they are taking action early enough to prevent a monopoly culture from solidifying. In contrast, Peter Thiel is saying in the US that monopoly is the only way to go."Monopoly is the condition of every successful business." "All happy companies are different: each one earns a monopoly by solving a unique...

There is insufficient awareness on the American side that the danger of a nuclear confrontation is growing....Gloves coming off.India PunchlineUS risks confrontation with RussiaMK Bhadrakumar | retired diplomat with the Indian Foreign Service. See alsoVeteran US diplomat Chas Freeman says that despite talk of a New Cold War between the US and China, the US in reality is reacting aggressively to a rising Chinese power whose economic gains threaten US global supremacy. “We’ve become...

I have been waiting for this. Thanks, Neil!New WaylandAnatomy of an FX TransactionNeilW

Interview (in French) with Maxime Vivas, a reporter that spent time in Tibet and Xinjiang, on his book debunking the "fake news" propaganda of "the Atlanticists."Investig'ActionOuïghours : que se passe-t-il au Xinjiang ? Entretien avec Maxime Vivas

Short review of Veblen: The Making of an Economist Who Unmade Economics by Charles Camic. Worth reading if into the history of economics and economic thought.The Enlightened EconomistVeblen, institutions and ideasDiane Coyle | freelance economist and a former advisor to the UK Treasury. She is a member of the UK Competition Commission and is acting Chairman of the BBC Trust, the governing body of the British Broadcasting Corporation

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Video.The Vineyard of the SakerSu-57 is here – Russian 5th gen jet enters serviceThe Saker

 China’s fast-growing electric vehicle market is the largest in the world. After a slump earlier this year, the sale of electric cars nationwide is gaining speed again.Chinese carmaker Wuling has overtaken Tesla as the top-selling electric vehicle in China. The brand is a joint venture with General Motors to target young consumers and less affluent drivers.[embedded content]

Shoring up the Chinese financial system with credit ratings through public-private partnership.Yahoo FinanceChina's central bank wants a say in fintech's future as it grants new personal credit ratings license to state venture with internet firmsZhang Shidong in Shanghai for SCMP

Short review of Diedre McCloskey and Art Carden, Leave Me Alone and I’ll Make You Rich: How the Bourgeois Deal Enriched the World.The sticking point is determining the limits of individual liberty. Even the hardest core Libertarians agree that some lines need to be drawn. They suggest the non-aggression principle as necessary and sufficient. But is it? What would be the criteria for determining this? How would these criteria be selected?The Enlightened EconomistFrom Hobbes to Locke – and...