Category: Economy
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The Ontario Budget: Hard Times Ahead
To ease future cuts, the government established a budgeting system this year which would see much of the COVID-related funding budgeted under special funds distinct from the normal ministries. So … Keep reading »
Ontario 2020 Budget
“We are here at a critical time; not just for Ontario but for the whole country. And during this difficult time, my government’s top priority is the health and well-being … Keep reading »
Pension Fund Capitalism and the Campaign to “Make Revera Public”
The COVID-19 pandemic has exposed some of the damage wreaked by neoliberalism to a harsh new light. The erosion of workers’ rights to basic safety and livable wages, the particular … Watch video »
Boeing: A New Report, An Old Story
Item 1. A major tobacco company had to deal with regulators in the Czech Republic. The regulators were demanding that rather alarming health hazard signs be put on cigarette packs. … Keep reading »
Lessons from the Gig Economy for Transforming Public Services
Even before the arrival of the coronavirus pandemic, major upheavals were taking place in the UK labour market. Between 2016 and 2019, the number of people working for online platforms … Keep reading »
Pension Fund Capitalism and the COVID-19 Pandemic: The Case of Revera
Of the many crises provoked by the COVID-19 pandemic across Canada, the dire situation in long-term care facilities and retirement housing may be the most widely and urgently recognized. Even … Keep reading »
Political Openings: Class Struggle During and After the Pandemic
For some on the left, the economic breakthrough brought on by the pandemic was the general consensus, not least among economists, for an astonishing increase in fiscal spending. Relative to … Keep reading »
Crisis and Virus: COVID-19 in Context
“Toward the end of the twentieth century a sickness struck the world. Not everyone died, but all suffered from it” — Samir Amin (2003, 7). It has been over forty … Keep reading »
An Economic Recovery for Whom?
The Ford Omnibus Bill and Post-Pandemic Politics In the first week of July, the Ontario government announced the COVID-19 Economic Recovery Act (Bill 197). The sweeping omnibus bill changes twenty pieces … Keep reading »
The Fiscal Deficit, Modern Monetary Theory and Progressive Economic Policy
Modern Monetary Theory or MMT has crept in from the academic margins to become an influential doctrine in progressive policy circles in the United States. Both Elizabeth Warren and Bernie … Keep reading »
Agenda for the Global South After COVID-19
In 1974, the United Nations General Assembly passed a New International Economic Order (NIEO), which was driven by the Non-Aligned Movement (NAM). The resolution laid out a clear plan for … Keep reading »
COVID-19: A View from the Great Depression of the 1930s
The Great Depression. It rests in our collective consciousness as a time when unemployment was rampant, when soup kitchen and bread lines were long, when misery was widespread, when dust … Keep reading »