Mike Norman Economics

Rather than attempt to explain what the mainly neoclassical economists are going on about, I want to step back and try to translate their debate into terms that would be understood by people who do not share the same assumptions. I am pretty sure that post-Keynesian economists have a lot to say about the topic as well, but once again, they tend to be discussing wonkish points that would elude an outsider.…I have an engineering background, and engineering is largely the science of...

I quite enjoyed this, which I thought it was rather uplifting!A look at bridge building across the Bering Strait. Who, how and why? [embedded content]

A 2012 article based on the work of Steve Keen. But China hasn't collapsed yet.The Fall of the Communist Dynastyand The Looting of China touched on the widespread fraud that has become apparent, both in mainland and US listed Chinese companies. I also showed that an extraordinary number of the Communist Party and the military cadre  had massive unexplained wealth, with the Top 70 recording a net collective worth of over $80 billion.  This week Bloomberg  was banned by the Chinese government...

Wednesday and a short blog post. I regularly work for unions as an expert analyst/witness in their struggles to achieve wage justice with employers who are intent on paying as little as possible. Often these are private employers but at the moment I am helping a union with their campaign to win a reasonable wage increase against a state government. The logic deployed by the government in relation to their fiscal affairs and their wage setting behaviour is a classic demonstration of how...

This is just a fact.

The FT has just run an article saying that exponential growth is a pipe dream, but it was behind a firewall.This article is from Max Keiser's site. The revelation that strikes me is the insanity of pursuing eternal economic growth, not as an option but as the only possible path: there is literally no alternative to extracting ever greater quantities of the planet’s resources to enable ever greater consumption by the planet’s 7.7 billion humans. Stripped to its essence, this mad drive is...

I've been staying away from linking to the Epstein affair other than with respect to finance. There are many unanswered questions about Epstein's finances and his links and relations with the financial world, which seem to be many.Here are two links that are worth knowing about. I'm sure there will be more unless it gets buried. The underbelly is getting exposed, and it's not pretty.Wall Street On ParadeJeffrey Epstein’s Death Adds to the JPMorgan Body CountPam Martens and Russ Martens...

China tops the U.S. in number of companies on Fortune's Global 500 list published on Monday with 129 companies listed, exceeding the U.S., which had 121 companies listed, for the first time since the debut of the list in 1990, and becoming the first country to defeat the U.S. since WWII.  The overall turnover of the top 500 firms reached 32.7 trillion U.S. dollars, 8.9 percent higher over a year earlier. Up 14.5 percent year on year, the gross profit hit a record high at 2.15 trillion U.S....

Pretty funny, and very apt. Tulsi is the only foreign policy realist that is running against endless, so far at least.Duffel BlogMaj. Tulsi Gabbard receives surprise deployment orders to Antarctica [satire] Yossarian

Not Saul Alinsky, but good places to start.Oxfam Blogs — From Poverty to PowerTwo new Manuals for Activists, with some useful lessons Duncan Green, strategic adviser for Oxfam GB