Mike Norman Economics

This implies that Europe and Russia have different cultures, too. In fact, These are two different civilizations, just as China is civilizational, India is civilizational, and Iran (Persia) is civilizational. The US and the Latin American elite of European descent are part of Western civilization. One of the foremost issues today is the clash of civilizations owing to globalization resulting from innovation in communications and transportation technology. Previously, different...

Following half-dozen development tests between 2014-2016, the hypersonic weapon was recently tested at Jiuquan Space Launcher Center in Inner Mongolia in 2017. Testing has shown the DF-17 can fly at hypersonic speeds and evade existing missile defense systems, such as America's anti-ballistic missile defense system called: Terminal High Altitude Area Defense (THAAD) -- it becomes entirely evident the weapon was produced as a deterrent against the US.This weapon is China's first medium-range...

The looting of Africa. [embedded content]

Note: Some Americans apparently don't realize it, but the right to free speech only applies to government limiting free speech. Private parties like firms can however limit speech occurring in their area of control. So far at least, this control also applies to social media platforms. In fact, platforms may face civil liability for damages if they don't adequately control speech on their site. In fact, this has a name — "de-platforming." I had to explain this to friend this morning...

230% inflation since January and $90 billion in debt, equivalent to 170% of its GDP Demonstrators in Lebanon attempted to occupy the central bank in the capital Thursday after the country’s currency sank to a record low against the US dollar. As a result of the nation’s economic crisis, the dollar rose to 6,000 Lebanese pounds from 4,000 in the last two days, prompting protesters to take to the streets in Beirut and many other cities.... Amid the turmoil, an increasing number of Lebanese...

Essential workers. Anti-Empire Pentagon Starts Bailing Out Defense FirmsMarcus Weisgerber

Backgrounder.The Vineyard of the SakerSyria in Seattle: Commune Defies the U.S. Regime Pepe Escobar crossposted with Strategic Culture Foundation See alsoPepe Escobar gets around. Asia TimesRussia aiming to realize Greater Eurasia dream Pepe EscobarSee alsoCounterpunchThe Killing of George Floyd and the Final Fracturing of the Democratic Party, Labor, and Civil Rights CoalitionDavid Schulz

Think coups cannot happen in the liberal West? No, this is not  about the as yet failed soft coup against President Trump. This coup removed the prime minister of Australia from office. It is a matter of historical fact that democratically elected Gough Whitlam was summarily removed on November 11, 1975, at the order of the then British Governor General Sir Philip Kerr. The documented history behind this "incident" may be coming to light now.This is only the first installment in an...

A US ban on foreign companies’ sales of chips to Huawei Technologies if American equipment or software is involved will undermine America’s already-weakened position in the global semiconductor equipment market, industry sources say. Chip fabricators will remove American equipment from production lines in order to maintain market share in China, the world’s largest purchaser of semiconductors. Doh.Furthermore, China will develop its own technology to gain self-sufficiency and also...

Good interview. Winning.The Times (London)Stephanie Kelton: why MMT is key to post-Covid economic recovery Ben Hoyle interviews Stephanie Kelton, Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders, and a member of Joe Biden's economic advisory panel, on one of the "unity" groups aimed at unifying the party.