New Economic Perspectives has the article Doing What the Market Can’t.

The only real option, therefore, is to eliminate the semantic mistakes, overcome the delusion, and begin thinking and talking about direct sovereign spending to achieve the essential but unprofitable goals of America’s democracy. Please note this does not require progressive leaders to disparage, in any way, the Market Economy. Indeed, they can earnestly champion and cherish it just as loudly as any conservative. Now, however, they can add the proposition that the Market Economy, so effective at providing America with much of what it needs and desires, will have a partner which can effectively provide the rest.

This goes along with my idea of “what worksism”. Let the “market” or “capitalism” do what it is capable of doing, and then add on whatever extras are needed in order to accomplish what “capitalism” is not capable of doing.

If you don;t already understand Modern Money Theory, then you won’t understand this article.

Business Insider has the article Cambridge Analytica whistleblower reveals shocking claim his predecessor was poisoned and police bribed.

He paints a picture of a lawless organization seeking to disrupt elections around the world.
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He claims his predecessor was poisoned and the police were bribed not to investigate, though he described those claims as speculation.

WikiPedia has an entry for Cambridge Analytica.

Cambridge Analytica (CA) is a British political consulting firm which combines data mining, data brokerage, and data analysis with strategic communication for the electoral process. It was started in 2013 as an offshoot of the SCL Group. The company is partly owned by the family of Robert Mercer, an American hedge-fund manager who supports many politically conservative causes. The firm maintains offices in London, New York City, and Washington, D.C

Which side of the political spectrum seems to have verifiable evidence of election tampering and which side is more likely to use assassination by poisoning? Would it be Russia that the right wing is trying to demonize, or would it be the right wing that is trying to demonize Russia. Where do they get these ideas of what crimes to try to pin on Russia? These are crimes they have committed themselves. They know how horrible it would be if they were exposed as having committed these crimes.

Democracy At Work has the video Global Capitalism: March 2018 Live Economic Update.

Our goal: To develop all participants’ understanding and ability to explain current economic events and trends to others. We open the floor to questions and comments when time permits.

There are a lot of subjects covered, and lots of good information along the way. At the very end, he gives hints of what Socialism will look like in the 21st century compared to what it has looked like over the last 150 years. He hinted at the idea of bringing Socialism to the work place as the missing part of the previous attempts at Socialism. As he mentioned, it takes many iterations to get a new system “perfected”. He mentioned that it took capitalism about 10 iterations to get it to work. So, if this will be the second iteration of Socialism, I think that this second one won’t end up being the ultimate solution. It is easy to talk about bringing Socialism to the organization of the work place, but I think it is going to take a lot of trial and error to get it right.

I hope it is going to be possible to try Socialism in the work place on small scale efforts (sort of like alpha and beta tests of software and other products) before turning the entire world into this new organization.

Naked Capitalism has the article Resisting the Gig Economy: The Emergence of Cooperative Food Delivery Platforms.

These cooperatively run food delivery platforms would present a different vision from that of Silicon valley, a radical move away from the obsession of attracting venture capital to make short term speculative profits for a rich few. The platform economy isn’t going anywhere anytime soon, and monopoly digital platforms are further reducing workers’ slice of the pie. But examples emerging from Spain, France and Germany show how the power of unions and cooperatives can be combined to push back against gig employers, and offer a glimpse of hope for the future of delivery platform work.

I have read about worker owned businesses from the likes of Richard Wolff of Democracy At Work. I have not been sure how widely applicable this could be. This example of cooperative food delivery shows at least one idea that could spread.

Here is an email from Tulsi Gabbard.

YouTube has the video Obama Data Mined Facebook Before Cambridge Analytica.

The data mining by Cambridge Analytica is nothing new. Also, Facebook was well aware of what it was allowing to happen.

The meddling that the Russians are accused of doing is child’s play compared to this.

The important part of Carol Davidsen’s talk was shown by Jimmy Dore, but if you are curious about the entire talk, it is on YouTube as Carol Davidsen | You Are Not a Target. The part that Jimmy Dore showed starts at about 19 minutes into the talk.

The Intercept has the Naomi Klein article The Battle for Paradise: Puerto Ricans and Ultrarich “Puertopians” Are Locked in a Pitched Struggle Over How to Remake the Island.

He had long warned of the risks associated with Puerto Rico’s overwhelming dependence on imported fossil fuels and centralized power generation: One big storm, he had cautioned, could knock out the whole grid — especially after decades of laying off skilled electrical workers and letting maintenance lapse.

Emphasizing the often ignored benefits of decentralization. Libertarians should be all for this benefit.

Salon has the 2015 article Joe Biden’s greatest betrayal: The one Senate vote that makes it hard to support a Biden run.

As a Senator in Delaware, Biden shepherded to passage a law that decimated bankruptcy protection for milllions.

I want to record a link to this article on my blog so that the next time someone suggests Biden ought to run for the Presidency, I will have quick access to this reminder.

Bloomberg has the article Pete Peterson, Lehman Exile, Blackstone Billionaire, Dies at 91.

He attended the August 1971 meeting at Camp David that resulted in Nixon ending the gold standard as part of his so-called New Economic Policy.

No hint in the article of the damage Perterson did to the world with his faulty ideas about deficits and debts of countries that were sovereign in their own fiat currencies. I guess, he could just not grasp how everything changed in 1971 when Nixon ended the gold standard for the USA. To this day, most politicians pretend that they don’t understand the potential impact of what happened in 1971. They are afraid of what the public would demand if they let on what they knew of the change in 1971.

Bernie Sanders is one of the few politicians who tacitly admits that he understands the true impact of the policy freedom that we now have since we are not on the gold standard. The proff is in Bernie’s hiring of Stephanie Kelton to be the economist for the minority on the Senate Budget Committee. See my previous 2015 post Watch Out, MMT’s About, As Bernie Sanders Hires Stephanie Kelton. Be sure to pay attention to my comment on that post.

Here is a rather shallow analysis, but I think the differences are stark enough to make the point.

A Tale of Two Economies: Russia and the US.

According to 2016 first-quarter figures from the U.S. Department of Commerce, U.S. GDP is around $18.1 trillion. Russia’s economy is roughly a tenth the size of the U.S.’ (the World Bank stated that Russia’s GDP in 2015 was $1.3 trillion.) According to the Stockholm International Peace Research Institute, U.S. military expenditures in 2015 were 3.3 percent of GDP, and Russia’s were 5 percent of its GDP. That still puts Russia among the top five military spenders in the world, but in absolute terms it means Russia’s military expenditures add up to roughly 10 percent of U.S. military spending.

The world’s top economy: the US vs China in five charts.

Both the IMF and the World Bank now rate China as the world’s largest economy based on Purchasing Power Parity (PPP), a measure that adjusts countries’ GDPs for differences in prices. In simple terms, this means that because your money stretches further in China than it would in the US, China’s GDP is adjusted upwards.

And it won’t be too long before China’s economy surpasses the US’s by other measures, too. The Centre for Economics and Business Research (Cebr) predicts it will happen in 2029.

Trade in Goods with Russia.

Trade in Goods with China.

Never let it be said that we don’t pick our adversaries well. We wouldn’t try so hard to pick a fight with a country that is large enough to really challenge us. Much smarter to pick on the comparative little guys. Especially when our trade dependency with this little guy is so much smaller.