Mike Norman Economics

Much of the US propagation about China is on the alleged Uighurs slave camps. But American companies run slave camps all over the world, which is a well known fact. People are not forced to work in these sweatshops, but the people who work in them had no choice.It's chilling to see the white Nike management working in their plush surroundings with no concern for the Nike workers or their terrible living conditions.The hero in this film exposes the hipocrisy of neoliberalism.Nike Sweatshops:...

The RT channels I like are very liberal/ left, but some people accuse RT of being racist, promoting right-wing populism and anti immigration sentiment in Europe.RT is certainly diverse, with some sections promoting climate change denial and neoliberalism. These are the smaller channels that hardly ever turn up in my YouTube feed.This video is very interesting as it's starts off sounding pretty bad by saying how the immigrants in Britain our housed in 3 to 4 star hotels, something the British...

Interestingly, the quantification of culture seems to support this view. People in developed countries tend to be more individualistic than those in less developed countries. WEIRD [Western, Educated, Industrialized, Rich and Democratic] people also tend to be more skeptical of autocracy and more receptive to norm-shirking behavior (behavior that economists would call ‘innovation’). This evidence seems to support the narrative (cherished by economists) that economic development is a...

To save lives, and save the economy, we need another lockdown. By Michael T. Osterholm and Neel Kashkari Dr. Osterholm is director of the Center for Infectious Disease Research and Policy at the University of Minnesota. Mr. Kashkari is president of the Federal Reserve Bank of Minneapolis. Steve Keen has been advocating this for months, but to eliminate covid-19 within 6 to 8 weeks.  In just weeks we could almost stop the viral fire that has swept across this country over the...

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The Analysis (collision course)The Danger of War With China is Real and InsanePaul Jay interviews Col. Larry WilkersonIan Welsh (Sterling Newberry comments also)America Is About To Feel Like A 3rd World NationZero Hedge (V-shaped recovery or L-shaped depression?)2020's Economic Depression Is Becoming An Endless Nightmare For Millions Of AmericansTyler DurdenRT (If things get bad enough, could be a new New Deal)Covid-19 pandemic will ‘bring socialism to US’ and transform the world – Nassim...

I didn't know how this would go, but it has been fairly unbiased so far. It will be interesting to see how Part 2 goes next week. [embedded content]

I put out a video here recently where a psychologist said that lockdowns and social distancing may cause so much stress that it could have a bigger negative effect on the economy than Covid-19. But it needn't be so, as China shows, and wearing masks may mean we never need to ever lockdown again.TimeChina became the first major economy to grow since the start of the coronavirus pandemic, recording an unexpectedly strong 3.2% expansion in the latest quarter after anti-virus lockdowns were...

“Any missile attack will be considered nuclear, because there is no possibility of identifying what type of the warhead it carries, and will trigger a nuclear response,” Russia’s Defense Ministry said in its official newspaper Krasny Zvezda (Red Star).The ministry added,“Once radar has detected the launch of ballistic missiles attacking Russian territory, the military leadership will be automatically informed and will determine the scale of nuclear weapons’ use.”Fort RussMOSCOW: US Global...

Thinking about the two recent reviews of The Deficit Myth, I am coming to the view that these rather lightweight critiques are simply designed to sow seeds of doubt in readers minds. But there is no very serious argument against the facts of the case.It's about narrative control.Progressive PulseMMT – technique exposes purposePeter May