by David Zetland (originally published at The one-handed economist) Climate loss, grief and migration The climate we grew up with is leaving. International action to slow climate chaos is not really working. National action and market innovations are having some useful impacts, but they are far too few on the mitigation side and far too weak on the adaptation side. We are going to face consequences with weak defenses. When I moved to...

Open thread February 18, 2023, Angry Bear, (angrybearblog.com) Tags: open thread

Today was a total overreaction to nothing news. But we still have March, April tax drains to worry about. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

If Cohen and De Long (2016) are to be believed, there is an American Political Economy tradition, that harks back to Alexander Hamilton, that goes against the free market canon of the profession. In their view, the American Political Economy tradition consist of an interventionist approach to economic policy, that arguably should be seen as neomercantilist [1]. Classical political economy, as represented by their main figures in the United Kingdom, Adam Smith and David Ricardo, upheld the...

Just released.Ministry of Foreign Affairs of the People's Republic of ChinaThe Global Security Initiative Concept Paper2023-02-21 11:12See alsoEnglish TranscriptPresident of RussiaPresidential Address to Federal AssemblyFebruary 21, 2023, 13:50 MoscowRelatedThe Vineyard of the SakerVineyard of the Saker White Paper: the China-Russia Double HelixLarchmonter 445

CEO “guidance” and Wall Street forecasts are going to lose you money!

Disaster struck Turkey and Syria this month when a devastating earthquake caused over 48,000 deaths, with the toll still climbing. The Turkish government’s emergency response has been heavily criticised, with many arguing that the devastating number of casualties has a lot to do with rampant corruption and authoritarianism of Erdogan’s regime – widespread graft in the construction industry leading to unsafe buildings, political appointees with no expertise leading chaotic...

from Duncan Austin . . . it is an empirical matter whether the Hand is stronger than the Foot, or vice-versa.  Unfortunately, various environmental and social trajectories indicate that the Foot is now overpowering the Hand in important ways. Note that the situation is not that markets are outright ‘good’ or ‘bad’ – as polarizing capitalism-versus-socialism debates so often quickly descend to – but rather how helpful or harmful current markets are based on how well they...

Content warning, canceling, de-platforming, denying access: The fate of Sy Hersh’s Democracy Now! interview on YouTube is the latest indication of how much rougher press suppression is in this new media era....The take-away from the article is that society in so-called liberal democracies are as controlled as in so-called authoritarian "regimes." Society in  (read capitalist) countries is as controlled by the ruling elite that either belong to the ownership class (haute bourgeosie) or are...

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