Monday , April 28 2025
Home / Mike Norman Economics / The Most Egregious Mistake — Alastair Crooke

The Most Egregious Mistake — Alastair Crooke

Summary:
The situation is more complicated than this but Alastair Crooke brings out some key factors. There were actually two big mistakes that he mentions. First is the mistake of overestimating finance and underestimating productive capacity. Andrei Martyanov had been writing about this for some years.The second, which is related to the first, is the abject failure of intelligence to properly access the strength of the Russian economy. This is seldom mentioned but it is a huge factor. Alastair Crooke served in British intel so it is well aware of it.These mistakes together constitute a blunder that is leading to disaster. The US and its allies either have not yet realized this or have backed themselves into a corner from which they cannot escape without climbing down, and that threatens bringing

Topics:
Mike Norman considers the following as important:

This could be interesting, too:

Robert Vienneau writes Austrian Capital Theory And Triple-Switching In The Corn-Tractor Model

Mike Norman writes The Accursed Tariffs — NeilW

Mike Norman writes IRS has agreed to share migrants’ tax information with ICE

Mike Norman writes Trump’s “Liberation Day”: Another PR Gag, or Global Reorientation Turning Point? — Simplicius

The situation is more complicated than this but Alastair Crooke brings out some key factors. There were actually two big mistakes that he mentions. 

First is the mistake of overestimating finance and underestimating productive capacity. Andrei Martyanov had been writing about this for some years.

The second, which is related to the first, is the abject failure of intelligence to properly access the strength of the Russian economy. This is seldom mentioned but it is a huge factor. Alastair Crooke served in British intel so it is well aware of it.

These mistakes together constitute a blunder that is leading to disaster. The US and its allies either have not yet realized this or have backed themselves into a corner from which they cannot escape without climbing down, and that threatens bringing down their house.

The analysis is sort of a combination of Michael Hudson and Andrei Martyanov without mentioning either. It's not fully MMT-compliant but the thrust of the article is not dependent on this.

Strategic Culture Foundation (sanctioned by the US Treasury Department)
The Most Egregious Mistake
Alastair Crooke | founder and director of the Conflicts Forum, and former British diplomat and senior figure in British intelligence and in European Union diplomacy

Mike Norman
Mike Norman is an economist and veteran trader whose career has spanned over 30 years on Wall Street. He is a former member and trader on the CME, NYMEX, COMEX and NYFE and he managed money for one of the largest hedge funds and ran a prop trading desk for Credit Suisse.

Leave a Reply

Your email address will not be published. Required fields are marked *