Mike Norman Economics

Trump's policies have backfired, as US companies lose out. Through the course of 2019 Huawei has struggled with a ban placed on it by the US Government, forcing the company to cease using any American-made hardware components or software. This precludes its smartphones and laptops from running on the well-established Android and Windows operating systems, which are created and maintained by US-based Google and Microsoft respectively. This has led the world’s second largest smartphone...

New Republic  [nation-building]America Lost the Iraq War. These Cables Show How. Jared KellerReminiscence of the FutureGeopolitics Of Pipes.Andrei Martyanov Mish Talk [winning]China No Longer Needs US Parts in its PhonesMish ShedlockChemistry WorldChina overtakes UK in list of highly cited researchersJamie DurraniElijah J. MagnierWhy Abdel Mahdi has to go: Many mistakes by the US, Iran and the Marjaiya. The Enlightened EconomistThe Best Economics Books of 2019, recommended by Diane...

Unbelievable ignorance.

At the weekend, the German Social Democratic Party elected a new leadership from the Left of the Party, in the hope of resurrecting their disastrous political standings (Source), In rejecting the other main contender, current Finance Minister Olaf Scholz, the decision has apparently threatened the GroKo (Große Koalition), the coalition between Merkel’s CDU/CSU union and the SPD, which, arguably, has been the reason for the declining fortunes of the SPD. They have, in effect, abandoned their...

R & R are at it again.Clint BallingerAusterity in a Time of Plenty: : The “domestic default” bogeyman = More bad statistics from Reinhart & Rogoff

After more than four decades of dominance, free market capitalism is facing a challenge. Its rival, the blandly named modern monetary theory (MMT), has entered the ring promising to return economic planning to a less ideological footing.... Pretty good summary presentation of the kerfuffle between MMT and conventional economics. ABC News (AU)Modern monetary theory is gaining traction. But can it knock out free market capitalism?Antony Funnell for Future Tense

Maureen Donnelly said she was forced to hand in her resignation to her Amazon bosses in October last year after just one month of employment. 'I soon learned that only difference between an Amazon warehouse and a third-world sweatshop were the robots...they were treated better' she told the Post. On Monday, more than 100 protestors rallied in front of the building where she briefly worked, demonstrating against harsh working conditions.  When Donnelly first secured her job at...

By Anthony Funnell After more than four decades of dominance, free-market capitalism is facing a challenge. Its rival, the rather blandly named Modern Monetary Theory, promises to return economic planning to a less ideological footing. It’s also keen to strike a blow against the “surplus fetish” that many economists now blame for declining public services and growing inequality. Modern Monetary Theory and its challenge to Neoliberalism

Political theorist Wendy Brown’s latest book, In the Ruins of Neoliberalism: The Rise of Antidemocratic Politics in the West, traces the intellectual roots of neoliberalism and reveals how an anti-democratic project unleashed monsters – from plutocrats to neo-fascists – that its mid-20thcentury visionaries failed to anticipate. She joins the Institute for New Economic Thinking to discuss how the flawed blueprint for markets and the less-discussed focus on morality gave rise to threats to...

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