Mike Norman Economics

This article shows how politics isn't working, because these politicians know they will get voted in anyway, one way or another, or get good jobs working for the corporations, so they don't care about the average voter. Meanwhile, monopoly power is crushing prices. An $8 billion behemoth named Dean Foods now controls 90 percent of Wisconsin’s milk market, empowering it to commit daylight robbery, essentially stealing farmers’ product — and their farms. Yet Agriculture Secretary Sonny...

Dogs of war being pointed towards the south... Say goodbye to all of your shit, drug lords. It's a few weeks away from being rubble. The line has been crossed. https://t.co/pWCFsk47dg — Scott Adams (@ScottAdamsSays) November 5, 2019

More on how luck.Although very talented, Bill Gates was also in the right place at the right time when IBM wanted software to run their new computers that they had developed. They thought the money was in the hardware, not the software, so they asked Bill Gates if he knew of any software they could use, and he told them about a colleague who had developed DOS. Sadly, his colleague was a bit eccentric and never bothered meeting IBM, so Bill Gates bought a pirated version of his software from...

John T. Harvey says that social security cannot go bankrupt because it does not rely on a pool of money, but on our productivity instead.Because of machinery and automation we all produce far more than we need, and so we able to share some of what we produce with others. That means we can set up a system where people can retire from work when they get older because those in work can easily produce the extra that they need. And when these workers get older they too will benefit from this...

It's HarveyBucks for me! Why the US can afford universal healthcare, and why it should.Can we afford universal healthcare? If you are a patriot, the answer is obvious: we can do anything they can do in Australia, Austria, Bahrain, Belgium, Brunei, Canada, Cyprus, Denmark, Finland, France, Germany, Greece, Hong Kong, Iceland, Ireland, Israel, Italy, Japan, Kuwait, Luxembourg, the Netherlands, New Zealand, Norway, Portugal, Singapore, Slovenia, South Korea, Spain, Sweden, Switzerland, United...

Confronting an MMT critic (Ajit Ranade).Live MintOpinion | Why Modern Money Theory needs to be taken seriouslySashi Sivramkrishna

Stocks at record highs.

For 40 years, elites in rich and poor countries alike promised that neoliberal policies would lead to faster economic growth, and that the benefits would trickle down so that everyone, including the poorest, would be better off. Now that the evidence is in, is it any wonder that trust in elites and confidence in democracy have plummeted?... Trickle down or pissing on? I am not sure about his blanket recommendation to restore Enlightenment values. Enlightenment values led to bourgeois...

Every year, I look at measuring the US rate of profit a la Marx. Official data are now available in order to update the measurement for 2018 (not 2019 yet!). As usual, if you wish to replicate my results, I again refer you to the excellent manual for doing so, kindly compiled by Anders Axelsson from Sweden.There are many ways to measure the rate of profit a la Marx (for the various ways, see http://pinguet.free.fr/basu2012.pdf). As previously, I start with an update of the measure used by...

How intelligence agencies go undercover online to target groups, chat rooms, and blogs to manipulate the discourse and discredit activists to destroy their reputations. It's an attack on free speech, and yet we are told we live in the 'Free West'.  One of the many pressing stories that remains to be told from the Snowden archive is how western intelligence agencies are attempting to manipulate and control online discourse with extreme tactics of deception and reputation-destruction. It’s...