Category: Economy
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Deal or Default: Is It the Endgame for Pakistan?
The IMF mission is currently in Pakistan on a 10-day visit to discuss the stalled ninth review of the country’s current funding programme. The loan talks were restarted after the … Keep reading »
The Havana Declaration on the New International Economic Order
The Havana Congress on the New International Economic Order (NIEO), organised by the Progressive International, closed this weekend with delegates agreeing on a declaration and a commitment to advance the … Keep reading »
Deflation Interrupted?
To fully grasp the import and potential staying power of the sudden, dramatic spike in consumer price inflation requires that we briefly step back in time to look at the … Keep reading »
Elon Musk’s Twitter Capitalism
Christian Fuchs makes the case for turning the internet into a public service. Keep reading »
Economic Vision for Everyone: How to Organize a Green Economy of Solidarity, Equity, and Self-Determination
An economy is a system of production and consumption activities connected via allocation mechanisms. Simply, it is how people produce items and services that other people later consume. Economies are … Keep reading »
Morbid Symptoms, Premature Obituaries: The American Empire
Globalization, which now confronts us as a locked-in inevitability, looked quite different in the first half of the 20th century. Then, in the face of the horrors of two world … Keep reading »
Pandemic Lessons for Rebuilding Canada’s Welfare State
As the threat of a recession looms large, it is critical that we push for urgent reforms to our social protection systems. Keep reading »
The New Finance Capital has Blurred the Line Between Industrial and Financial Corporations
Critical scholars and progressive politicians alike have today widely embraced the view that finance is a parasitical and corrosive force on the “real” industrial economy. According to this perspective, ‘financialization’ … Keep reading »
System Change, Class War, and the WW2 Economic Conversion Experience
The climate crisis has driven our planet into uncharted territory. We are close to breaching critical environmental thresholds, setting in motion destabilizing changes to our global climate system that could … Keep reading »
Jobs, Inequality and Post-Democracy in Canada
In Fall 2022, it is well worth celebrating some of the recent victories and new efforts at mobilizing by workers in Canada and around the world. In Canada, the Teamsters … Keep reading »
Tackling Inflation in Canada: For Corporations or Workers?
On July 13, Governor of Bank of Canada (BoC) Richard “Tiff” Macklem announced a 1% increase in the BoC’s interest rate. First, it was Chrystia Freeland, Canada’s Finance Minister, telling … Keep reading »
Inflation, the Fed and Workers
The US Federal Reserve (the Fed) is supposed to have a dual mandate of “maximum employment and price stability.” However, a close look at its policies since 1980 have shown … Keep reading »