Dec 1, 2008

Climate Change: Save the Planet from Capitalism

Sisters and brothers: (Keep reading…)

The   B u l l e t    

Socialist Project • E-Bulletin No. 158 November 26, 2008

The global crisis quickly engulfing us threatens to become the worst since the Great Depression, and this means that past ways of doing things need to be fundamentally rethought. But Gord Henderson’s focus on wage cuts for autoworkers (Windsor Star, November 20, 2008) is the absolutely wrong way to go – that much we already learned from the 1930s, when competitive cuts in workers’ wages only aggravated the depression. When Henderson responds to CAW President Ken Lewenza’s defence of workers’ wages with a glib “Tell that to all those low-wage Mexican autoworkers,” what exactly does this mean? (Keep reading…)

~~~~~~~~~~~~~~~~~(((( T h e B u l l e t ))))~~~~~~~~~~~~~~~~~~~ A Socialist Project e-bulletin … No. 161 … December 1, 2008 (Keep reading…)

~~~~~~~~~~~~~~~~~~(((( T h e B u l l e t ))))~~~~~~~~~~~~~~~~~~~ A Socialist Project e-bulletin … No. 156 … November 24, 2008 _________________________________________________________ (Keep reading…)

Globe and Mail November 21, 2008

TOKYO — As the worst financial crisis since the Great Depression unfolds around the world, everyone is wondering what the future holds. How bad could this get? For some sobering answers, just ask Kazumi Suzuki. (Keep reading…)

Globe & Mail November 21, 2008

Roy Smith has been working on Wall Street, or carefully watching it, since the mid-1960s. Just when he thought he’d seen it all, Citigroup Inc. began hurtling toward a cliff. (Keep reading…)

Winnipeg Free Press, November 19

British economist Lord John Maynard Keynes believed that governments should step in when markets fail and deficit spend to maintain employment and incomes and thus, the economy. (Keep reading…)

Globe and Mail, Report on Business
November 19, 2008

Massive pension deficit presents a quandary for governments that would be on the hook in the event of bankruptcy (Keep reading…)

http://blogs.ft.com/wolfforum/2008/10/it-can-be-worse-than-the-great-depression/ http://blogs.ft.com/wolfforum/2008/10/it-can-be-worse-than-the-great-depression/ (Keep reading…)

globe & mail October 24, 2008

OTTAWA — Everyone appears to think that the credit crises that engulf the world trace back to American greed, reflecting in a global judgment of rare unanimity the supremely funny headline on the satirical British website The Daily Mash: “Bastard Americans Ruin Your Life.” In this case, though, everyone appears to be wrong. Did the U.S. compel Iceland’s three bankrupt banks (which didn’t hold a single subprime mortgage) to guarantee 5.4 per cent on foreigners’ deposits? Do we make the U.S. responsible for Europe’s absurdly inflated housing prices? Aren’t smart, affluent Europeans as responsible for Europe’s housing crash as hapless, poor Americans? In 2006, after all, one-bedroom apartments in Dublin sold for $600,000 - as much as $125,000 more than they now forlornly list. (Keep reading…)