Articles Tagged ‘Neoliberalism’

  • Amazon Is a 21st-Century Digital Chain Gang


    When Amazon announced plans to locate a $5 billion complex as its second headquarters somewhere in North America, state governments fell over themselves offering billions in tax abatements and corporate subsidies to secure the prize. It might behoove the remaining 20 cities that have made the final cut to heed the warning from Virgil’s Aeneid: “I fear the Greeks, even when they are bearing gifts.” Especially when the gifts come in the form of a modern-day digital chain gang.

  • Pension funds fuel privatization in Canada and Québec

    Canadian Politics

    A peculiar but important aspect of this destructive policy is the central involvement of workers’ pensionfunds in the process. It is not widely reported that the large Canadian and Québec public pension funds have become key institutional forces supporting and reaping profits from the privatization and financialization of public infrastructure, both here and, to even greater degree, internationally.

  • Nearly Half of Canadians are Left with $200 or Less After Paying their Monthly Bills and Debt

    Economic Crisis

    Nearly half of Canadians are $200 or less away from financial insolvency each month after paying their bills and debt obligations. This is down 12 points from September 2016, when 56% of Canadians were facing the same challenge. The current 44% who are $200 or less away from financial insolvency includes those who are left with $1-$200 (17%), and the more than one in four (27%) who are left with nothing and already consider themselves insolvent at the end of the month.

  • The Next Financial Crisis Will Be Worse Than the Last One

    Economic Crisis

    We’ve made it through 2017. The first-season installment of presidential Tweetville is ending where it began, on the Palm Beach, Fla., golf course of Mar-a-Lago. Though we are no longer privy to all the footage behind the big white truck, we do know that, given the doubling of its membership fees, others on the course will have higher stakes in the 2018 influence game.

  • The Permanent Lie, Our Deadliest Threat

    USA Politics

    We must pit power against power. We must build parallel institutions and organizations that protect us from corporate assault and resist corporate domination. We must sever ourselves as much as possible from the vampire state. The more we can create self-contained communities, with our own currencies and infrastructures, the more we can starve and cripple the corporate beast.

  • Monetary Imperialism

    Economic Crisis

    The most destructive fiction of international finance is that all debts can be paid, and indeed should be paid, even when this tears economies apart by forcing them into austerity. Yet European countries, and especially Germany, have shied from pressing for a more balanced global economy that would foster growth for all countries and avoid the current economic slowdown and debt deflation.

  • On the Rails: A Case for Renewed Leftist Infatuation with Transport

    Canadian Politics

    The basic ability for people to get from one place to another has been totally gutted in recent decades. We’re now almost entirely reliant on the neoliberalized “solutions” of privatized cars and airplanes, marked by rabid union-busting in the workplaces, the emitting of massive amounts of greenhouse gases and considerable financial costs to people who have no other reasonable option available to get around.

  • US Occupation of Venezuela Has Already Begun and Is Being Conducted by ExxonMobil

    Latin America and the Caribbean

    ExxonMobil’s strategy is long-term, directed at the entire continent and has Venezuela as its primary objective. It is not in vain that a crew of business elites has assumed the reins of U.S. foreign policy today. ExxonMobil would undoubtedly be very pleased to achieve its plans and retake the Caribbean by overthrowing the Venezuelan government,

  • Corrupt Canadian Banking Practices

    Canadian Business

    CIBC is not only the Canadian bank with operations in a Caribbean financial haven. In fact, Canadian institutions dominate the region’s unsavoury banking sector. In 2013 CIBC, RBC and Scotiabank accounted for more than 60 percent of regional banking assets. In 2008 The Economist reported Canadian banks controlled “the English-speaking Caribbean’s three largest banks, with $42 billion in assets, four times those commanded by its forty-odd remaining locally owned banks.”

  • “Things are serious”: Update on the French Presidential Election


    As Youssef Boussoumah, a member of the Parti des Indigènes de la République (which helped organize the mass march against racism and police violence on March 19), pointedly asked in a social media post a few days ago: “what stops us from getting rid of the pest (Le Pen) on May 7 and eliminating cholera (Macron) the day after?” The question deserves to be asked at every occasion.

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