Category: Economy
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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 »
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Beyond the Economic Crisis: The Crisis In Trade Unionism
Discussions on the left about the economy might be summarized as warning that things are going to get a lot worse before they get…worse. This is not just a matter … Keep reading »
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Coffee Crisis in Central America
A major coffee crisis is brewing in Central America. Its impact has already been felt by the poorest workers and farmers, and things could get a whole lot worse. In … Keep reading »
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Turkey: Crisis at Home, Crisis in the World*
Brazil, India, Indonesia, South Africa and Turkey are encountering significant economic turbulence. Since late 2008, the U.S. Federal Reserve has been pumping liquidity into financial markets, amounting to $85-billion a … Keep reading »
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German Economists Rehearse a Rebellion
German voters are heading to the ballot box on September 22. The re-election of incumbent chancellor Angela Merkel seems certain. The latest polls saw her Christian Democratic Union (CDU) party … Keep reading »
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The Presumed Innocence of Capitalism and Lac-Megantic
“If the soul is left in darkness, sins will be committed. The guilty one is not he who commits the sin, but he who creates the darkness.” — Monseigneur Bienvenu … Keep reading »