Articles Economic Crisis

  • Basic Income and the left: The political and economic problems

    Economic Crisis

    The discussion over BI touches on real political and economic anxieties. The attack on the social welfare state, the depreciating power of organized labour and an economy producing increasingly low-wage precarious jobs have led many to search for alternative mechanisms and policies to address these problems. It is no wonder that BI with its promise of streamlined access to minimal economic security has attracted many adherents on the Left.

  • NAFTA Kills: Who will Speak for the Working Class?

    Economic Crisis

    A recent report out of the US raises questions about politicians’ (in Canada and the US) obsession with the state of the middle class and highlights why Donald Trump won the US election. It is a sobering picture and an scathing indictment of neo-liberalism – particularly so-called free trade. While the authors don’t say so explicitly the conclusion is inescapable: NAFTA kills.

  • Housing in the age of austerity: Toronto’s war on the poor

    Canadian Politics

    It wasn’t always this bad for Toronto’s non-rich residents. In 1970, 66 per cent of Toronto neighbourhoods were middle-income. This was when the labour market allowed for single-income families, when social services were better available to the poor and when affordable housing was constructed according to need.

  • Why the system will still win

    Economic Crisis

    That means facing the probability the EU is now so path-dependent as a neoliberal construction that reform of it is no longer seriously conceivable. It would have to be undone before anything better could be built, either by breaking out of the current EU, or by reconstructing Europe on another foundation, committing Maastricht to the flames. Unless there is a further, deeper economic crisis, there is little likelihood of either.

  • Welcome to the new dark ages, where only the wealthy can retire

    Economic Crisis

    What we really need is an intergenerational alliance to be forged around the issue. Any attempt to protect the right to retire (with a pension) will also have to address the dire developments in the employment sector that are seriously disadvantaging younger people and now creeping into jobs held by 40-somethings too. Can this cross-generational solidarity be built?

  • Alternatives to Capitalism: the Transition Movement meets Degrowth

    Economic Crisis

    Co-founder of the Transition Movement, Naresh Giangrande in conversation with Richard Swift, author of SOS Alternatives to Capitalism and an editor of the New Internationalist Magazine. Brought together in the Caribbean island of Dominica, with Earthbooktv’s Jessica Canham and Timothy Speaks Fishleigh at the Earthbook retreat centre in the mountains of Dominica.

  • A Brief History of Canadian Labour Woes

    Canadian Business

    In addition to a loss of union jobs, globalization also accelerated Canada’s shift from a manufacturing to a service sector-dominated nation, further weakening prospects for organizing. Much of this has to do with precarity, as non-standard work provides employers increased flexibility in scheduling, hiring, lay-offs and firing, acting as tools in employers’ arsenals to fight a drive.

  • Canada’s Household Debt Crisis: Blame Capitalism!

    Canadian Business

    The Bank of Canada’s last report reached the same scary conclusion “Canada’s dangerous brew of debt and inflated house prices could combine to devastate the economy,” Maclean’s reports.This should ring a bell to anyone with a passing familiarity with Marxist economics and the theory of the crisis of overproduction, in particular.

  • Basic Income: Progressive Dreams Meet Neoliberal Realities

    Economic Crisis

    The model of BI that governments are working on in their social policy laboratories will not ‘end the tyranny of the labour market’ but render it more dreadful. The agenda of austerity and privatization requires a system of income support that renders people as powerless and desperate as possible in the face of exploitation and that won’t change if it is relabelled as ‘Basic Income’.

  • Pope Francis: Capitalism is “Terrorism against all of humanity”

    Economic Crisis

    “All religions want peace; it is other people who want war.” Pope Francis even calls out his own religion, pointing out that Catholicism has its own flaws and its own extremists. We are all equal, and no one religion is the best. And as the Pope himself suggests, all religions point toward the same goal, which is peace. And that’s something I think we can all get behind.

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