Mike Norman Economics

I have long disagreed with Guy Standing about the solutions to unemployment. 20 years ago we crossed paths on panels and in the literature where he would argue that UBI was the way forward and I would argue that it was a neoliberal plot and that, instead, we needed to push for job creation. My view has always been that to surrender to the neoliberals on their claim that governments cannot generate sufficient jobs to satisfy the desires for work of the unemployed was a slippery slope....

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Why do so many young people like Ayn Rand? Well, they lived under authority all their lives and suddenly they start to get  some of the freedom of adults, and Ayn Rand tells them to rebel against the collective and take everything they can. The heroes in her books are all good looking, powerful people and this enthralls the young. Her books are also full of sex and those pages will be the most worn out in her books.Ayn Rand was a Property Absolutist, and believed you can do as you please...

Socialism works for China.John Ross says that 30 years ago Russia had the same sized economy as China, and he tried to tell the Russians back then to copy the Chinese model, but the Russians thought that they could be as rich as the Americans within a year if they listened to the US neoliberal economists, and some even thought they could turn the economy around within weeks. Now the majority of Russians regret what happened, including Putin. [embedded content]

The times are changing. Maybe MMT next? “We need to get our country back on track, and Bernie is the leader to do it. Bernie refuses to give in to the big money and corporate power.” -Jeffrey Sachs, Columbia University professor and U.N. adviser------------We're going to win this election and transform the country, but we can't do it alone. The way we win is person-to-person contact, knocking on doors and making the case for people to get out to vote. Are you in? [embedded content]

Dances with BearsSKRIPAL SCOOP — BBC PASSED MI6 LIES TO BELLINGCAT AND THEN REPORTED BELLINGCAT CLAIMS AS TRUTHJohn Helmer Defend Democracy PressBehind Soleimani’s Assasination: Wurmser, Neocons, Netanyahu Jon Schwarz Elijah MagnierHow are Iran and the “Axis of the Resistance” affected by the US assassination of Soleimani? Middle East EyeIran's new Quds Force commander vows 'manly' response to Soleimani assassination Mint Press NewsBolivia: As Elections Near, US-Backed Interim Gov’t...

First I’ll clearly state what MMT is and then outline four paths that lead to MMT’s conclusions: history, logic, theory and practice.... New Economic PerspectivesALTERNATIVE PATHS TO MMTL. Randall Wray | Professor of Economics, Bard College

Consortium NewsHyper Over Russian Hypersonics Michael Brenner | Professor of International Affairs at the University of Pittsburgh true economics15/1/20: Putin's Latest Call Option BuyConstantin Gurdgiev | chairman of the Ireland-Russia Business Association, contributor and former editor of Business & Finance Magazine, and lecturer in Finance with Trinity College, Dublin Common DreamsBlaming 'Flawed and Sexist' Capitalist System, Oxfam Report Finds 2,153 Billionaires Wealthier Than...

A majority of people think that the rich are getting richer while the rest of society struggles, according to a new report. Fifty-six percent of general population respondents to a study by consultancy Edelman agreed with the statement: "Capitalism as it exists today does more harm than good in the world," while 78% agreed that "elites are getting richer while regular people struggle to pay their bills." CNBC Most people think capitalism does more harm than good, survey shows

An excellent video of how the fossil fuel companies managed to discredit climate change scientists, although the allegations were based on falsehoods.Documentary that reveals the truth behind a notorious incident in 2009, when a growing international consensus on climate change was derailed by one of the biggest scandals in modern science. For the first time, all the key players recount the events and what really happened during 'Climategate'. Thousands of emails hacked from the...