Mike Norman Economics

 Micheal Hudson often talks about how public industries should supply low cost services to the public and private industries to uncrease the standard of living, and to help make the private sector more competitive in the world. But in the West the the captains of industry felt they could making even bigger profits from both the private sector and the public sector together, and so they got governments to privatise the public utilities. But China has done the opposite subsidising the public...

 A good video.[embedded content]

I called it. Here and in my report. Sign up! 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

Debtor nation.The Analyst NewsFinancialization and DeindustrializationPaul Jay interviews Michael Hudson

Is the battle for control of Europe beginning?This is an interesting commentary on the Western assumption that traditional peoples exposed to liberalism will abandon tradition in favor of it.I have said many times that the 21st century will be dominated by the conflict between liberalism and traditionalism, and this is just one instance of it. The significant role that "wokeness" played in the US general election is another, for example, as well as the conservative Christian GOP base that...

Is the Ottoman Empire rising from its ashes as Erdogan makes a play for leadership of the Sunni Caliphate? Did Russia miss this?And this “pandemic” trend was picked up by the Turkish leader Recep Tayyip Erdogan, who embarked on a course towards an intensified collapse of the CSTO (which, it should be recalled, in addition to Russia and Armenia, includes Kazakhstan, Kyrgyzstan and Tajikistan) and to build a “Turkic NATO” with a single “Army of Turan” on its ruins. Among the members of such an...

Having persuaded states to give up their constitutionally mandated taxing powers by substituting their main revenue source, the sales tax, with a goods and services tax (GST)—administered by a GST Council dominated by the center—with the promise that their revenue shortfall will be made good, the center has now coolly reneged on that promise. States at present have no taxing powers (except over just three commodities); and the promised compensation from the center has not materialized.But it...

"Campaign finance." The 2020 election broke all records in a multi-billion extravaganza. How is this not bribery?PromarketRecord ‘Dark Money’ Donations Help GOP Retake House SeatsSee also"There are no progressive billionaires." Eric Zuesse lists the billionaires backing liberals.Strategic Culture FoundationProgressivism Versus LiberalismEric ZuessealsoMoon of AlabamaProgressive Initiatives Win While Dems Continue To Lose

 It's amazing how a country can be so divided equally. KV49.4% v 49.4%: Biden now leads Trump by 917 votes.This election would be over if it wasn't for The Purge:340,134 Georgians illegally purged before the 2018 midterms: 340,134 Georgians illegally purged before the 2018 midterms: 198,351 Georgians illegally before #Election2020: https://t.co/F4xd5nkA5e https://t.co/qwILW3QQDa

 Bannon: “I'd put the heads on pikes, right, I'd put them at the two corners of the White House as a warning to federal bureaucrats”Video embedded. Steve Bannon and his co-host discuss beheading Dr. Anthony Fauci and FBI Director Christopher Wray