Mike Norman Economics

Making a profit is not the object here, as the article goes on to explain. It's part of a larger system in the making.  Did Amazon make a profit out of the gate? The objective was to dominate the emerging online market down the timeline, and that has been successful. The Sino-Russian strategic alliance is about building the Eurasian system. FortuneRussia and China Have Built a New Gas Pipeline That Has Everything—Except ProfitGeoffrey Smith

Why is the World Bank loaning money to China? Can this be possible? China has plenty of money, and if they don’t, they create it. STOP!

FAIRWith People in the Streets Worldwide, Media Focus Uniquely on Hong Kong Alan MacLeod IrrussianalityNapoleon, Kutuzov, and the changing international order Paul Robinson | Professor, Graduate School of Public and International Affairs at the University of Ottawa Mint Press NewsStudy Reveals How UK Intelligence Works with Media to Smear Jeremy Corbyn Alan MacleodZero HedgeEpstein Was A Mossad Agent Used To Blackmail American Politicians, Former Israeli Spy Claims Paul Joseph Watson,...

LOL!!!!! Democrat dip-shits.... Buttigieg- “My party’s not known for worrying about the deficit or the debt too much but it’s time for us to start getting into that.”Actually @PeteButtigieg President @BillClinton took the deficit balanced the budget and left America with a surplus. https://t.co/QdanbPrjqR— Tom D'Angora (@TomDangora) December 6, 2019

Gee a Saudi Arabian (OPEC human scum) in the US to learn how to fly an airplane kills a bunch of US citizens... hmmm.... where have I heard about that before?? Hmmmm???What did Einstein say about DOING THE SAME THING and expecting a different result????BREAKING: Pensacola mass shooter identified as Mohammed Saeed Alshamrani, a member of the Saudi Arabian military who was in the U.S. for aviation traininghttps://t.co/Tqbe58Sora— Jack Posobiec ?? (@JackPosobiec) December 6, 2019

Usually I aggregate such posts but this deserves featuring.Dances with BearsBRITISH DEFENCE MINISTRY DOCUMENT REVEALS SKRIPAL BLOOD EVIDENCE IS MISSING – FAKE CHAIN OF CUSTODY MAKES NOVICHOK EVIDENCE WORTHLESS John Helmer

Michael Roberts comments briefly on Richard D. Wolff's two new book, Understanding Marxism and Understanding Socialism. Probably the salient point: "As Wolff has said: 'If you want to understand an economy, not only from the point of view of people who love it, but also from the point of view of people who are critical and think we can do better, then you need to study Marxian economics as part of any serious attempt to understand what’s going on. Not to do it is to exclude yourself from...

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Important. Richard Murphy reports that the era of responsibility to shareholders rather than stakeholders is over. TPTB recognize that capitalism has to be "reset." It's not working as it is and the result is social unrest. Tax Research UKWho are accounts really for? – my first column now I am back with AccountingWEBRichard Murphy | Professor of Practice in International Political Economy at City University, London; Director of Tax Research UK; non-executive director of Cambridge...

Less wonkishly, the basic problem here can be viewed in terms of the logical fallacy of hasty generalization. Hasty generalization involves extending one's one's position, or that held by one's group, universally. In philosophy this result in claims of naturalism to humanity as a whole. For example, natural law is often reducible to a particular set of Western values that is generalized. The "laws" of economics are largely of this sort, and homo economicus as a rational agent that carries...