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Selling prosperity in a time of austerity: Budget days in BC and Quebec
Two very different provincial governments tabled their budgets this week in BC and Quebec. While the two governments identify with opposing ends of the political spectrum, these differences did not prevent their budgets from displaying some eerie similarities.
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Ideology and Central Banking in the Crisis
‘Privatizing gains and socializing losses’ could be the motto for the neoliberal era. Alongside this and ‘there is no alternative,’ few slogans better capture the ideology that has been so successfully diffused throughout the world over the past several decades.
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Precarious workers or satisfied customers? A fine line for giant retailers
A Walmart Christmas could have easily been written by Dickens. The stresses and difficulties faced by Walmart workers during the holidays is overwhelming. Overwork, a climate of fear and barely-organized chaos make for taxing shifts at work. Low wages, insufficient hours and inadequate benefits stretch budgets and make it harder to find holiday joy at home.
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Demand or destruction? Two ways out of the profitability puzzle
Michal Rozworski looks at two competing pictures of how to revive low private-sector investment. The first picture comes from Keynes, the second from Marx.
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Canada’s profitability puzzle
What explains Canada’s current economic conjecture? Economist and activist Michal Rozworski takes a look at the data and makes some compelling arguments.