Mike Norman Economics

Over the past few decades, the US justice system has gone from effectively punishing white-collar crimes to slapping corporations on the wrist while senior managers avoid accountability. Fortunately, there are relatively simple ways to give resource-strapped prosecutors the tools they need to uphold the law.Crime is essentially rent-seeking. It leads to economic inefficiency (waste) and skews market-based distribution, in addition to being unethical, immoral and illegal, hence, socially...

Using the tools it has today, China can transform its aging population into a vital social and economic force supporting the country’s growth, writes Jonathan Woetzel in China Daily.Also applies to the US unfortunately. Medicare takes care of seniors, but that's often too late for healthy aging since a lot of damage has already been done. M4A would easily pay for itself" in terms of increased efficiency, effectiveness and productivity. (Nominal cost is not an issue for a sovereign currency...

Former Bolivian President Evo Morales spoke about his government’s project to industrialize the nation’s lithium reserves during a press conference in Uyuni. Morales underlined that this initiative was suspended during the 11 months of the de facto government of Jeanine Áñez; nevertheless, he has indicated that newly elected president, Luis Arce, will now take it up again.After considering that throughout history, humanity has always struggled to control natural resources, the indigenous...

Biologists balk at any talk of ‘goals’ or ‘intentions’ – but a bold new research agenda has put agency back on the table.Weekend reading. A new approach to agency, information and entropy puts some of the enduring questions back on the table scientifically. Fairly short, easy read. AeonLife with purposePhilip Ball

Telecoms research community Cambridge Wireless has refused to bow to UK political consensus by partnering with Huawei for its latest 5G venture Apparently, Huawei's 5G is the only real one available at the moment, all the others are 4.1G, etc. I've been told on twitter that Boris Johnson is pro Huawei 5G too, and he might be able to reverse his government's decision on Huawei when Trump has gone.They will build a private 5G network at the Cambridge Science Park, which is owned by Cambridge...

AAII sentiment survey indicated bullish outlook on the part of investors highest since January 2018. Biggest one-week rise ever. Correction likely, but short-lived. 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

Some people make anti-China videos on YouTube and say things like how the Chinese people are indifferent and don't care about other people. They say that if you get hurt on a street the Chinese will just walk by and ignore you. It isn't true. These YouTubers are right-wing racists. The video below is a spoof where a Chinese girl dresses up in a traditional Hans costume and a passer by, an actor, verbally abuses her, but the Chinese people come to her rescue.[embedded content]In this video a...

Trump's comments probably had more impact since earlier today, Axios reported that the president has revived plans to launch his own digital media offering. Instead of a television channel, which would require enormous startup costs, the president is looking into a digital streaming project to rival Fox's "Fox Nation" digital-subscription service....Rupert going to have competition?Zero HedgeFox Tumbles As Trump Urges Followers To Turn Away Amid Rumors About Rival OfferingTyler Durden

 As a socialist country with an essentially planned economy, China's success is dismantling free-market dogma and residual white supremacy — we must be ready to derail any attempts at division and war sown by a declining capitalist West, writes CARLOS MARTINEZWe were told there was no alternative. The neoclassical economists said their system would bring the greatest growth and benefits. Privatise all public industries and the profit motive of the entrepreneurs would bring massive...