Mike Norman Economics

Conservatives politician, Jesse Norman, interviews Paul Mason, an economic advisor to Jeremy Corbyn. Paul Mason describes himself as a non-statist Marxist, and he seems to hold similar views to me. It's interesting what he says about identify politics.The interview is non confrontational and it's interesting to see on what they both agree on, although they remain politically opposite. Both want to see less neoliberalism, less rent extraction, and more improved markets.Paul Mason says he...

Should be neoliberalism is destroying the illusion of liberal democracy.EvonomicsNobel Economist Says Inequality is Destroying Democratic Capitalism Angus Deaton | Senior Scholar and the Dwight D. Eisenhower Professor of Economics and International Affairs Emeritus at the Woodrow Wilson School of Public and International Affairs and the Economics Department at Princeton University

I don't think that this quite correct. John Bolton is the frontman in the administration for casino billionaire Sheldon Adelson, a rabid supporter of Zionism and a major contributor to Trump's political campaign. It is not an exaggeration to say that Trump owes his 2016 victory in large part to Adelson's legal bribery.OK, course, Trump gave no quid pro quo for the funding, so it is not bribery in the legal sense. However, anyone who thinks that political contributions, especially large ones,...

Same with Russia. Moronic strategy, making declared adversaries stronger and more self-sufficient. The other good side is that empires don't last long with morons in charge. The Money IllusionChina’s best friend?Scott Sumner | Professor of Economics at Bentley University

Anyone see a pattern here? Any wonder why there is a push for multilateralism to counter unipolarism (read world dominance).News in AsiaLaughable: US Claims ‘Free and Open Seas,’ Tries to Push China Out of Indian, Pacific Trade Pepe Escobar SouthFrontMike Pompeo Says Foreign Actors Must Leave Venezuela, So That US Can Rebuild It

Stephen Fry has made the ultimate myth-busting video about private healthcare vs the NHS [embedded content] Will Boris and Trump privatise the NHS? How much would medicare for all cost in the US? Which healthcare system is most likely to save you? Killer facts are hidden by carefully constructed illusions.

I've got addicted to Twitter recently, probably because it works better with my new phone. But Bill Binney won't go near twitter, or Facebook, or leave any likes anywhere, because he knows the NSA are watching everybody. And they listen to every phone call you make and read all your emails.I read on the internet yesterday how they a are hunting everywhere for photographs of you to build up a facial recognition database. They go to Facebook, Google, Twitter, where ever.Bill Binney says he...

Was selling triggered by something fundamental?

I will believe it when I see it. But it's a start. Elizabeth Warren — whose criticisms of big banks powered her decade-long political ascent from law professor and consumer advocate to top-tier White House contender — on Thursday unveiled her plan to take on Wall Street as president. "The truth is that Washington has it backwards. For a long time now, Wall Street’s success hasn’t helped the broader economy — it’s come at the expense of the rest of the economy. Wall Street is looting the...

The Democratic primary season is upon us, and the party’s candidate list is a useful starting point for assessing the impact of affluence on American politics. Classic works by sociologists of decades past, including C. Wright Mills and G. William Domhoff, posited that U.S. political institutions were captured by elite economic actors, who seek to enhance their own material positions at the expense of the many.... "Class" is a technical term in sociology. It is synonymous with "social...