Mike Norman Economics

By Mark NicolThe young lads that join the British army are full of patriotism, and the army instills this even further. They 'love' their country and its noble establishment - the genrty - and our prepared to die for them, so they say, but when they get injured and are of no more further use to the establishment, the elite turn their backs on them. Not much loyalty there. A record number of wounded war veterans have been denied disability benefits in the past year after undergoing tests...

A Marxian economist looks at Piketty. Bella CaledoniaCapital in the 21st Century by Thomas PikettyBook Review by Michael Roberts Cross posted from Brave New Europe.

I'm going to Lebanon!I thought Syria was one of last places in the Middle East where women can wear what they please. It looks like there is hope for the Middle East.I found another video which explains things a bit. Lebanon is trying to portray a better image to the world to attract tourists, but the citizens like it. [embedded content] No subtitles for the one below, but the official says people like pretty, not ugly - you bet! [embedded content]

Without effort you're unlikely to get anywhere, but luck can give us the big breaks.  A toxic myth pervades the business world: Hard work and perseverance are the only things required to achieve immense success and reach the top of your field. It’s a mantra championed by everyone from Wall Street titans to our sitting US President (“I built what I built myself,” Trump told Charlie Rose in 1992. “I did it by working long hours, working hard and working smart!”). This idea is staunchly...

It's amazing how far scientists can see out into the universe. The thing just gets bigger and bigger, and perhaps it is infinate; or it might have a very slight curve, meaning it's curcular, but incredibly huge. [embedded content]

Conservatives are up in arms in the UK at the moment saying we can't afford the Labour Party’s plan to reduce the hourly week, even though from 1979 to 2018 net productivity rose by 69.6%. Most Americans believe that a rising tide should lift all boats—that as the economy expands, everybody should reap the rewards. And for two-and-a-half decades beginning in the late 1940s, this was how our economy worked. Over this period, the pay (wages and benefits) of typical workers rose in tandem with...

Backgrounder. Longish. Maybe weekend reading. But this is what's happening and will be happening over the rest of this century, along with the rise of the Global South. The Global North's preeminence is waning. This doesn't mean decline. Rather, the Global North and West will cease being "exceptional" relative to the rest of the world. This, of course, is a good thing overall.The Unz ReviewThe Birth of Eurasia Godfree Roberts

New research shows healthy babies from any country or background develop at the same speed I put out an article about this before, but this one has some extra details. Babies are born with equal intelligence no matter what their class or race is, research has found. The idea that race or class determines brain power has been dealt a killer blow after a seven-year global study found babies can thrive regardless of their background. All children born to healthy parents in clean...

The biggest reason why people fail as traders

This looks good when it comes out. A film about how the intelligence agencies manipulate us.A psychological operations (psyops) operative refuses to engage in dirty tricks and is framed for a murder. The Man Who Knew Too Much is a documentary film about Colin Wallace a former Military Intelligence Officer involved in psychological operations in Northern Ireland. The film explores in depth what psychological operations involved. This was not just spreading propaganda, but also creating...