Mike Norman Economics

Americans debate not only economic policy but also their economic system. Is neoliberal "capitalism" fighting for its life against a rising trend toward social democracy in an increasingly unequal world?  WSWSGrowing attacks on socialism in Democratic presidential race Patrick Martin

A look at the plan to cut non-discretionary spending and increase the budgets of the Pentagon and Department of Homeland Security.WSWSTrump outlines massive cuts in Medicaid and Medicare in 2021 budget plan Kevin Reed

Unsustainable use of resources is wrecking the planet but recycling is falling, report finds “We risk global disaster if we continue to treat the world’s resources as if they are limitless,” said Harald Friedl, the chief executive of Circle Economy. “Governments must urgently adopt circular economy solutions if we want to achieve a high quality of life for close to 10bn people by mid-century without destabilising critical planetary processes.” Marc de Wit, the report’s lead author,...

Truthdig: Drilling Beneath the Headlines ("spreading freedom and democracy") Neoliberals Weaponized Human Rights to Justify Global Exploitation Neve Gordon / Los Angeles Review of BooksCaitlin Johnstone — Rogue Journalist (about much more than Pete)Big Buttigieg Bloviations: Notes From The Edge Of The Narrative Matrix Caitlin JohnstoneThe Independent (goes back to Korean War)Former US drone operator recalls dropping a missile on Afghanistan children and says military is ‘worse than the...

Most critiques of MMT take the form of a critic asserting "MMT says X." The response from MMT proponents is that MMT most definitely does not say "X". This situation is obviously confusing. This article attempts to explain why the online debates are confusing (and pointless).... Bond Economics Functional Finance Roots Of MMTBrian Romanchuk

Adams sticking up for fellow Art Degree moron AOC just because her degree is in the same Discipline:Mixing up names is the equivalent of a typo. What the public will remember is that @AOC has an economics degree in her talent stack. Sorry, haters, she won this round. https://t.co/pTDqe5WpzP— Scott Adams (@ScottAdamsSays) February 9, 2020

A really good article. The true moderates are Bernie and Corbyn, but they are branded as extremists. Cambridge University’s Centre for the Future of Democracy expresses “deep concern” in its longitudinal study of global attitudes toward democracy, which are at a 25-year low. The US continues its “crisis of trust” as Europe endures a “chronic … democratic deficit.” So-called centrist parties, which are usually right of the public on economic issues, fail to maintain their positions. The...

After decades of rightwing dominance, a transatlantic movement of leftwing economists is building a practical alternative to neoliberalism.... The new leftwing economics wants to see the redistribution of economic power, so that it is held by everyone – just as political power is held by everyone in a healthy democracy… The new economists’ enormously ambitious project means transforming the relationship between capitalism and the state; between workers and employers; between the local and...

Western dissatisfaction with globalization is wrongly diagnosed as dissatisfaction with capitalism, when in fact it is the product of the uneven distribution of the gains from globalization.... ProMarket — The blog of the Stigler Center at the University of Chicago Booth School of Business Why There Is No “Crisis of Capitalism” Branko Milanovic | Visiting Presidential Professor at City University of New York Graduate Center and senior scholar at the Stone Center on Socio-economic...

What is becoming clearer is that the latest global push for dramatic climate action is more about justifying a major reorganization of the global economy, that to a far less efficient energy mode, implying a drastic lowering of global living standards. In 2010 the head of Working Group 3 of the UN Intergovernmental Panel on Climate Change, Dr Otmar Edenhofer, told an interviewer, ” … one must say clearly that we redistribute de facto the world’s wealth by climate policy. One has to free...