Mike Norman Economics

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.

Note: I am mainly focusing on discussing the audience for this book, and not attempting to do a formal review. I expect that I will have pieces later discussing the contents of the book in detail. Bond Economics"The Deficit Myth": Impressions/ReviewBrian Romanchuk

Binzagr Institute for Sustainable Prosperity has published four books related to applying the MMT lens to different topics. Economics for Sustainable Prosperity Dr. Steven Hail in Binzagr Institute for Sustainable Prosperity (2018) Full Employment and Social Justice Solidarity and...

I’ve written about the problems with the “push-a-button, take-a-pill model of science,” but . . . I’ve never seen it taken so literally! As long as there are people out there making such claims, and other people applauding these claims, and yet other people paying the bills for all this, I’m glad that there are also people like Ed Yong who are willing to point out that the emperor has no clothes. Mockery is our superpower. Time for some mockery of those holding onto "expansionary...

Still a long way to go....

Yanis Varoufakis shares a call with Julian Assange made from Belmarsh High Security Prison. Julian Assange just called. To talk about the pandemic’s effect on capitalism & politics!Yanis Varoufakis

In this short introductory article, my aim is quite modest. I want briefly to introduce readers to four key themes in Marx’s anti-colonialism: first, his moral condemnation of colonialism; second, his analysis of its roots in capitalism; third, his attentiveness to the importance of Indigenous modes of life and social practices as sources of critical insight and social innovation that can and should inform how we think about a post-capitalist future; and finally, fourth, his strong views...

Arundhati Roy reminds us that systemic racism and ethnic bias is widespread in societies and cultures. ...nobody is above racism. It takes different forms in different places. In South Africa for example, there is xenophobia from Black South Africans towards Nigerians and Africans from other African countries. And as we know, caste oppression, Brahminism, is practiced by every caste that oppresses the caste below it and that goes all the way down the ladder even within the political...