Articles Tagged ‘Economics’

  • Justin Trudeau’s giant corporate giveaway

    Canadian Politics

    The transition that Canadians want will require enormous levels of spending—and need to be public and paid for. By strengthening and reinventing the public sphere, the government could unleash a program of mass transit, building renovations, storm barriers, urban redesign and green jobs that reduces emissions, racism and inequality all at once. But pretending the private sector can lead this is a recipe for disaster.

  • 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.

  • 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.

  • ​Neoliberalism: the deep story that lies beneath Donald Trump’s triumph

    USA Politics

    Those who tell the stories run the world. Politics has failed through a lack of competing narratives. The key task now is to tell a new story of what it is to be a human in the 21st century. It must be as appealing to some who have voted for Trump and Ukip as it is to the supporters of Clinton, Bernie Sanders or Jeremy Corbyn.

  • Basic income: libertarian wedge or a plank towards a socialist future?

    Labour

    In recent years, the popularity of a basic Income (BI), has grown. Fittingly, the topic has garnered thoughtful debate and analysis from across the Canadian left, including in the Summer 2016 issue of Canadian Dimension, where the concept was explored both as potential policy, but also as part of a broader philosophical and ideological discussion.

  • Is “Postcapitalism” On the Horizon?

    Socialism

    Together with many left economists, Mason envisages a dismal future of secular stagnation, ever more extreme income inequality, massive job losses due to technological change, unsustainably high levels of public and private debt, and chronic global trade imbalances. He argues that capitalism faces an acute impasse due to catastrophic climate change and pending massive defaults on debt.

  • The sharing economy blues

    Labour

    Today, it seems like this interpretation of the Sharing Economy is everywhere, as journalists, pundits and politicians have lined up to praise its “innovative” promise. Yet is there something more sinister lurking behind the communitarian facade that so often accompanies descriptions of the peer-to-peer online sector?

  • Postal Banking and the Future of Canadian Public Services

    Canadian Business

    But with Postal Banking, the process can be reversed. Canadians don’t need to rely on capitalists to provide social necessities; Canadians don’t need to accept the erosion of economic democracy; and Canadians don’t need to accept a system of economic organization that provides basic services only when they are profitable.

  • Mel Hurtig and the renaissance of economic nationalism

    Canadian Politics

    Today, there is little support for economic nationalism among Canadian business. Conversely, there is little desire among the general population to protect Canadian firms that ultimately don’t want protection. Canadians want trade. But they also want to be protected from economic chaos and run their own show. They want to be masters in their own home.

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