Mike Norman Economics

It isn't a trickle down, but rather, a gush up. Happily, the Federal Reserve just released some data that makes the state of this alignment easier to gauge. In its new Distributive Financial Accountsdata series, the central bank offers a granular picture of how American capitalism has been distributing the gains of economic growth over the past three decades. Matt Bruenig of the People’s Policy Project took the Fed’s data and calculated how much the respective net worth of America’s top...

  Backgrounder. Alastair Crooke also touches on Latin America and the declining prospects of neoliberalism as inequality and social unrest increase. Strategic Culture FoundationThe ‘War’ for the Future of Middle EastAlastair Crooke | founder and director of the Conflicts Forum, and former British diplomat and senior figure in British intelligence and in European Union diplomacy

On November 4th, the US announced it’s take on the a “standard for global #infrastructure development,” the Blue Dot Network....It is a joint project of the US Overseas Private Investment Corporation (OPIC), Australia’s Department of Foreign Affairs and Trade (DFAT), and Japan Bank for International Cooperation (JBIC). It is a global “sustainable infrastructure development in the Indo-Pacific region and around the world,” according to the OPIC press release.... SouthFrontUS Announces “Blue...

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.