Articles
Currently viewing articles tagged with Economic Crisis.
-
Defeating Harper from Below
The swaggeringly pro-capitalist, neoliberal and militarist Harper juggernaut makes enquiring into its limits seem impertinent. So, prima facie, do developments elsewhere. The 2008 financial crisis, the greatest crisis of neoliberalism, appeared to reinforce the power of capital everywhere. However, a longer historical perspective appears more encouraging.
-
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.
-
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.
-
Capitalism Becomes Questionable
The depth and length of the global crisis are now clear to millions. In the sixth year since it started in late 2007, no end is in sight. Unemployment rates are now less than halfway back from their recession peak to where they were in 2007.
-
The Rumpelstiltskin Effect
Once upon a time (actually 1994), in a not so distant land (Wall Street, in fact), there lived a king (the CEO of JP Morgan) who sent his underlings down to a swanky resort in Florida to figure out how to make more money. It wasn’t that his bank didn’t have enough money, it was just that the king wanted more for himself.
-
The Global Crisis of Capitalism
Crisis theorists confuse what is clearly the degrading of labour, the savaging of living and working conditions and even the stagnation of the economy, with a ‘crisis’ of capital: when the capitalist class increases its profit margins, hoards trillions, it is not in crisis. The key point is that the ‘crisis of labour’ is a major stimulus for the recovery of capitalist profits.
-
The Global Economic Crisis—Part 3
Canadian Dimension posed a number of questions to three well-known economists to reflect on the roots of the crisis and what lies ahead, and to advance some progressive options. This week we publish the responses from Sam Gindin, former economist with the CAW and co-author of the forthcoming book “The Making of Global Capitalism: The Political Economy of the American Empire” (Verso, 2012).
-
Are we there yet?
There is always a tendency for capital to curb democracy from becoming too effective, too prescriptive about how private wealth should be divided and deployed. Every now and again, this curbing may be excessive, causing problems for the legitimacy of the regime. There are signs we may be in such a moment.
-
The Global Economic Crisis—Part 2
Canadian Dimension posed a number of questions to three well-known economists to reflect on the roots of the crisis and what lies ahead, and to advance some progressive options. This week we publish the responses from Marjorie Griffin Cohen, economist and professor of Political Science and Gender, Sexuality and Women’s Studies at Simon Fraser University.
-
The Global Economic Crisis—Part 1
Canadian Dimension posed a number of questions to three well-known economists to reflect on the roots of the crisis and what lies ahead, and to advance some progressive options. This week we publish the responses from Jim Standford, author of Ecomonics for Everyone and economist with the Canadian Auto Workers, Canada’s largest private-sector trade union.
- Page 1 of 2 1 2 >
