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Currently viewing articles tagged with Economics.

  • 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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  • Extractive Capitalism and the Divisions in the Latin American Progressive Camp

    The leading agro-mineral exporting countries, including those engaged with the world’s leading mining and energy multi-national corporations(MNC) are also those characterized as having the most independent and progressive foreign policies. Apparently the primacy of “extractive capitalism” and commodity-export based economies are no longer correlated with ‘neo-colonial’ regimes.

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  • 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.

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  • 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.

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  • Taxes and the Ghost of Bob Blair

    Robert Blair—head of Nova Corporation and a very wealthy man—died in April 2009. Unusual in the oil and gas sector, he was also a staunch Canadian nationalist, refusing to let Nova join the Business Council on National Issues as he believed the organization with its free trade mantra threatened Canadian sovereignty.

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  • Chavez versus Obama

    Two incumbent presidents are running for re-election in 2012, Hugo Chavez in Venezuela and Barack Obama in the United States. What makes these two electoral contests significant is that they represent contrasting responses to the global economic crises.

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  • The Debt Crisis: A Case of False Memory Syndrome

    The acclaimed author, Milan Kundera, has written that, “The struggle of man against power is the struggle of memory against forgetting.” But the ongoing world financial crisis shows how false memories can fool us and make us unable to confront corporate power.

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  • The S&P Downgrade of US Debt: What it Means

    The S&P downgrade is important because it clarifies and underscores two key dimensions of today’s economic reality that most commentators have ignored or downplayed.

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  • PASOK: Pan Hellenic Socialist Kleptocrats

    A self-proclaimed “Socialist” Government in Greece is imposing by ballots and clubs the most far reaching reversals of wages, pensions, jobs, educational, health and tax programs in the history of Western Europe.

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  • F-35: $30 Billion Dollar Boondoggle

    $18 billion, $30 billion—what’s a few zeros among politicians, eh? I don’t know about you, but in these post-recession penny pinching times, an extra zero or two makes a big difference when I’m trying to balance the household budget.

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James Petras, professor and author

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