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Currently viewing articles tagged with Austerity.

  • Greece: The Dilemmas of Democratic Socialism

    Greece is experiencing a triple crisis which has a profound impact on the economy, society and political system. The economy has experienced a deep, prolonged depression lasting six years and continuing.

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  • Beyond the Economic Crisis: The Crisis In Trade Unionism

    Discussions on the left about the economy might be summarized as warning that things are going to get a lot worse before they get…worse. This is not just a matter of the sustained attacks on the labour movement but as much a reflection of the crisis within labour.

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  • Pensions and the Detroit Bankruptcy

    Many business-oriented commentators blame urban corruption and incompetence, poor investment decisions by auto companies, and pensions cast as too generous. While there is always a grain of truth to some of those claims, they have little to do with the underlying causes of the decline of cities like Detroit.

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  • Wall Street Take-Off

    On July 16, 2013, Goldman Sachs, the fifth largest US bank by assets announced its second quarter profits doubled the previous year to $1.93 billion. J. P. Morgan, the largest bank made $6.1 billion in the second quarter up 32 per cent over the year before and expects to make $25 billion in profits in 2013.

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  • Lac-Mégantic: A Social and Ecological Tragedy

    Québec has just experienced the most brutal ecological catastrophe of its history. On July 6, 2013, a train loaded with 72 cars carrying crude oil derailed during the night. It exploded in downtown Lac-Mégantic, a small municipality (pop. 6000) in the Eastern Townships. A series of explosions and a fire completely destroyed more than 30 buildings including the municipal library, the town’s archives, heritage buildings, businesses and residences. Police have confirmed that 50 people were killed by the blast.

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  • Alter Summit: A People’s Manifesto

    Europe stands on the edge of a precipice, looking into the abyss. Austerity policies drive the people of Europe into poverty, undercut democracy and dismantle social policies. Rising inequalities endanger social cohesion. Ecological destruction is worsening while acute humanitarian crises devastate the most affected countries. Women and young people are hardest hit.

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  • Ireland and the Basque Country: Massive Flight (Emigration) or General Strike?

    Many billions of Euros are being extracted from Europe’s vassal-debtor nations—Spain, Greece, Portugal and Ireland—and transferred to the creditor banks, financial speculators and swindlers located in the City of London, Wall Street, Geneva and Frankfurt.

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  • May Day 2013

    Stock markets around the world have made up the losses they incurred during the 2008–09 financial crisis and the workers of the world are paying the price for this recovery. Fiscal stimulus packages and bank bailouts that helped to contain the crisis left governments with deficits that are now being used as a pretext for spending cuts and layoffs in the public sector. At the same time, rising unemployment has had a dampening effect on wages. Losing a decently paid job to join the ranks of the working poor is very common these days. The pervasive feelings of social insecurity amongst workers is the greatest in decades.

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  • The Motor Force for Historical Regression or Advance

    The future lies in building bridges within and between the millions of exploited, excluded and dispossessed who have lost everything and have finally recognized that only via the class struggle can they recover their humanity and a dignified standard of living.

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  • Class Struggle in Present Day Globalized Capitalism

    An examination of the social science scholarship over the past 60 years reveals few, if any, publications discussing ‘the class struggle’ in anything but theoretical expositions.

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Noam Chomsky, linguist and author

With the world veering from one potential catastrophe to another, in many different domains, it has never been more important to have clear, critical thinking and analysis that is not restricted by dominant ideologies. Canadian Dimension has performed that function very effectively; a contribution of unusual importance.

— Noam Chomsky, linguist and author. SUBSCRIBE NOW!