Category: Economy
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The Systemic Crisis of Financialization
Toronto — 3 March 2014. Phyllis Clarke Memorial Lecture Costas Lapavitsas teaches economics at the School of Oriental and African Studies, University of London. He has done research in the political … Watch video »
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Underestimating Capital, Overestimating Labour
A Response to Andrew Kliman What caused the 2008 economic crisis? In an article published earlier this year, political economist Sam Gindin explained it “primarily as a financial crisis.” Writing for … Keep reading »
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The Contradictions of Localism
Jordy Cummings (JC): Your book is called No Local and it is an immanent critique of inward looking reactions to neoliberal capitalism. One poignant episode you recount surrounds urban agriculture, … Keep reading »
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Ideology and Central Banking in the Crisis: The Canadian Experience
‘Privatizing gains and socializing losses’ could be the motto for the neoliberal era. Alongside this and ‘there is no alternative,’ few slogans better capture the ideology that has been so … Keep reading »
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Crucible of Resistance
Class Struggle Over Ways Out of the Crisis Many commentators make Greece and other peripheral EU members responsible for the sovereign debt crisis. People in these countries would hav lived above … Keep reading »
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The Elusive Recovery
The world capitalist crisis which began in 2008 not only persists but is worsening. The second half of the current year [2013] was supposed to be the period when growth in the major advanced countries would gather momentum. The IMF had predicted in spring that activity would “gradually accelerate.” Keep reading »
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An Industrial Policy for Europe
A new departure for industrial policy in Europe is needed for five major reasons. The first is rooted in macroeconomics; exiting the current depression requires a substantial increase in demand, … Keep reading »
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Canada’s Profitability and Stagnation Puzzle
The Puzzle Defined Most developed economies continue to experience fall-out from the financial crisis of 2007-08. The Eurozone has been most ravaged, but the U.S. and UK have not fared much … Keep reading »
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Heinz Leamington: Ripe for a Cooperative
The closure of the Leamington, Ontario Heinz factory by mid-2014 will result in 740 job losses in the industrial and agricultural region of southwestern Ontario between London and Windsor, Ontario. … Keep reading »
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Fiduciary Duty: A legal shield for corporate capitalism?
Toronto — 25 October 2013. Pension Funds, Unions, and Working Class Strategies – session 3 A central feature of the debate about “pension fund activism” and so‐called “Socially Responsible Investment” (SRI) … Watch video »
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Trade Union and ‘Progressive’ Strategies
Toronto — 11 October 2013. Pension Funds, Unions, and Working Class Strategies – session 2: The responsible investment, capital stewardship, and ‘pension fund activism’ movements It is noteworthy that as finance has … Watch video »
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From Pension Fund Socialism to Pension Fund Capitalism?
Toronto — 27 September 2013. Pension Funds, Unions, and Working Class Strategies – session 1 Peter Drucker’s famous 1976 warning that the growth of workers’ pension funds was leading to “socialism” … Watch video »