Mike Norman Economics

'not a single newspaper or television station reported the fact that I made a public performance of that song ["Wish You Were Here"] for Julian Assange.'  Roger Waters 

This Is really good, where Dr Jonathan Alfred says everything I have always said here.Neoliberalism simply is not working, he says, and yet our politicians and the economic profession say that more neoliberalism is the answer. For instance, free markets are driving climate change, so the neoliberals say more markets are the solution, not tackling the cause.What he says about scientific economics is the best, though: The profession attracts a lot of mathematicians and people qualified in...

All the media and Western politicians are interested in is how bad China or Russia are, but Indonesia is in the Western camp and so its atrocities in West Papua are ignored.An American mining company is making billions stripping a West Papuan gold mine. West Papua was annexed by Indonesia and the rights of its gold mine was given to an American company. The West Papuans are some of poorest people in the world, while their gold mine is one of the largest in the world. West Papua is home to...

An interesting report from the BBC about China. If you read between the lines you will see that it is the Hong Kong's capitalist system itself that has brought so much misery to the people of Hong Kong. But the report does blame the Chinese government, as you would expect from the BBC, by saying that it hasn't done enough to counter the influence of big business and the wealthy elite in Hong Kong.Yep, it's China's fault for keeping to the agreement of One Country, Two Systems, exactly what...

Child poverty rate:??6% ??7% ??8% ??8% ??9% ??9% ??9% ??10% ??10% ??10% ??11% ??12% ??12% ??12% ??12% ??12% ??13% ??13% ??13% ??13% ??14% ??14% ??14% ??15% ??16% ??17% ??17% ??18% ??20% ??20% ??21%Good thing the US is tackling this with a $700+ billion military budget ?

Malaysia's The Star Online takes a different view from the Western media of the Hong Kong protest, in that it isn't very sympathetic to them.Wong Chun Wai says half the protesters can't even articulate what they are protesting about, and many others are just there for the fun and the looting. He says the Chinese government won't crack down hard because the Hong Kong people themselves are fed up with the protests, but at the moment they are too scared to speak up in case they get beaten up by...

Beat the PressChina's Economy Is Already More Than 25 Percent Larger Than the U.S. Economy Dean Baker | Co-director of the Center for Economic and Policy Research in Washington, D.C Sic Semper Tyrannis Saudi Arabia accepts cease fire in Yemen"Nasr min Allah! Nasr min Allah!" (a victory from God Almighty) Somebody show this to Trump!Col. W. Patrick Lang, US Army (ret.) American Journal of Sociology The Making of Neoliberal Globalization: Norm Substitution and the Politics of Clandestine...

Japan is about to walk the plank again when it follows through on a previous government decision to increase the consumption tax by a further 2 per cent on October 1, 2019. That means it rises from 8 per cent to 10 per cent. The latest fiscal documents suggest the government is hyper-sensitive to the historical experience, which tells us that each time they have fallen prey to the deficit terrorists who have bullied them into believing that their fiscal position is about to collapse,...

John McDonnell is right: a service economy needn’t be a servant economy At work we never got much training in the end, despite all the new technology that was coming in. This technology was overwhelming, and so I would go home at night and search the internet downloading loads of PDF manuals for free. I would then spend hours at home studying them and making them into hard-copy manuals.A little while later I found out online that many companies didn't train their staff anymore because...

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