Category: Economy
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Launch of the 2011 Socialist Register: The Crisis This Time
Toronto — 20 January 2011. Listen to audio on Radio4All website Introduced and moderated by Leo Panitch, co-editor of the Socialist Register: Sam Gindin, is a former research director of … Watch video »
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Like We Said, It’s a Global Slump
I have never accepted the postmodernist contention that contemporary capitalism is all about smoke and mirrors. The notion that ideology and illusion make the system go round strikes me as … Keep reading »
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Halo Came Off Canadian Recovery as 2010 Drew to Close
Canada’s recovery from the 2008-09 recession ground to a painful halt during the second half of 2010. The economy created no net new jobs from the summer onward, economic growth … Keep reading »
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Portugal: The Prospect of a Full Bailout and More Austerity Looms in 2011
A full financial bailout of Portugal involving the European Central Bank (ECB) and the International Monetary Fund (IMF) looks set to happen in the first half of 2011. This will … Keep reading »
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Message to the U.S. – Blame the Wars, not China
There is a growing chorus of voices in the media and the academy singling out the actions of the Chinese state as central to the dilemmas of the world economy. … Keep reading »
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European Monetary Union: Muddling Through, Falling Apart, Going Where?
Springtime in Athens, Dublin in the fall. Lisbon next time or Madrid? The sparks of public deficits, foreign debt, and soaring risk premiums have lit a fire of fiscal and … Keep reading »
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France: Not Victorious, But Not Defeated
It is now possible to begin to draw a tentative balance sheet of the vast movement against the reform (or more exactly, counter-reform) of the pension system in France over … Keep reading »
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Returning to the Gold Standard is Not a Good Idea
Should we take seriously the idea, promoted by World Bank president Robert Zoellick, to partially root the global monetary system in gold? Is gold, as he claims, an “elephant in … Keep reading »
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Economic Crisis and Tax Injustice
The Associated Press’s Robin Hindery reported on October 29, 2010 that the AP had found a remarkable fact: communities across the U.S. have been raising their local property taxes. The … Keep reading »
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Mark Carney on the ‘Natural Rate’ of Unemployment
I was disturbed to read this comment on the current state of the U.S. economy in Governor of the Bank of Canada, Mark Carney‘s speech last week. “The natural rate … Keep reading »
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The Bank of Canada and the Crisis
Central banks are generally perceived as physiotherapists of sorts: squeezing the money supply and interest rates here and engaging in “quantitative easing” there in order to revive the battered body … Keep reading »
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Labour Day 2010: Austerity, Public Services and the Labour Movement
This Labour Day, like the last two, is dominated by the ongoing global economic crisis. Since 2008 Canada’s workers, working families, and the communities in which we make our lives, … Keep reading »