Articles Globalization

  • Airbnb: short-term rentals, short-term thinking

    Globalization

    Our research on the short-term rental market reveals an increasingly concentrated, commodified landscape in which a few large players are making large amounts of money. Small-scale home sharing is a modest and shrinking piece of the market, and long-term housing for residents is being converted into de facto hotels. Canadian cities should respond to these facts by severely restricting the ability of commercial operators to make money converting long-term housing into short-term rentals.

  • Radical Municipalism: The Only Solution to Amazon’s Extortion of Cities

    Globalization

    This is the near-dystopian endpoint of the neoliberal city: gargantuan corporations forcing cash-strapped cities to publicly bid against each other with tax breaks, subsidies and crass public relations campaigns. In the excellently titled “Amazon’s New Headquarters Should Be In Hell,” author Hamilton Nolan argued: “This is what the extortion of public resources looks like.”

  • Trump in the Time of Trumpism

    Globalization

    Most of us don’t like to admit of this litany of the bad. Yet it lives on. Neoliberalism in recent decades has pushed things further. Thatcher famously said that there is no such thing as society. This is dangerous talk for it risks opening the door to authoritarianism, even fascism, the better to fill the void and make people, in the gaze and embrace of the leader, feel they belong.

  • Why Aren’t Corporations Required to be Socially Responsible?

    Globalization

    Imagine if a corporation had to justify its existence beyond making money for capitalists. What would happen if a social balance sheet, as well as financial one, had to be filed every year and companies continually in a deficit position would eventually disappear? Consider Barrick Gold. Would the world be better off if the world’s largest gold miner ceased to exist?

  • NAFTA Redux

    Globalization

    The new Trump administration has made the North American Free Trade Agreement (NAFTA) between Canada, Mexico and the United States, a major issue in its relations with its two neighbours. Recently, Trump has threatened to tear it up. With his standard nationalist demagogy, he claims “previous bad trade deals,” have cost the United States many jobs as a result of American manufacturers moving plants off-shore.

  • 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.

  • 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.

  • The Liberal addiction to the Washington Consensus

    Canadian Politics

    This is the grim future under the corporate state. So grim, that the UN Conference on Trade and Development’s 2016 Annual Report was essentially a scathing denunciation of the whole Washington Consensus, blaming “[T]he entire edifice of liberal market finance…” The UN’s solution, only hinted at by those still struggling to overcome their addiction to this pernicious ideology, is as clear as neoliberalism is brutal.

  • 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.

  • World’s eight richest people have same wealth as poorest 50%

    Globalization

    The report added that since 2015 the richest 1% has owned more wealth than the rest of the planet. It said that over the next 20 years, 500 people will hand over $2.1tn to their heirs – a sum larger than the annual GDP of India, a country with 1.3 billion people. Between 1988 and 2011 the incomes of the poorest 10% increased by just $65, while the incomes of the richest 1% grew by $11,800 – 182 times as much.

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