Category: Economy

  • Farmers Seek Defenses Against the Giants of Agribusiness

    Around the world, farm income is plummeting, pushing farmers off the land and into destitution. At the very same time, soaring food prices are putting tens of millions onto starvation diets. Welcome to the bizarre world of capitalist agriculture, where the drive to boost profits of giant transnational corporations is imperiling the production of our … Keep reading »

  • The Credit Crisis in Canada: The First Six Months

    The 2007 credit crisis irrupted in Canadian financial markets in mid-August. The immediate backdrop to this was the growing concern in financial markets about the value of assets underlying commercial paper, and especially the extent to which these assets were connected to a deteriorating real estate market in the United States. The subprime mortgage sector … Keep reading »

  • Differences between 1982 and 2007-2008

    In 1982, the external public debt crisis of the developing countries was triggered by the combined effects of the rise in interest rates imposed by the United States two years earlier, and the fall in prices of raw materials, particularly oil. The epicentre was in the South and the first casualties were the governments of … Keep reading »

  • Decline of the Dollar, Decline of the Empire?

    Toronto — 18 January 2008. Moderated by Leo Panitch. Presentations by: Chris Rude is a political economist with an interest in finance. He has taught economics at NYU and the New School and political science at York University in Toronto Scott Aquanno is a Ph.D. student at York University David McNally teaches at York University … Watch video »

  • Financial Capital: Crises Are Part of the Game

    Everything went well during the summer of 2007. The economy was in an upswing and stock-market prices rose even faster. Then the end of the housing boom in the United States triggered an international financial crisis. Up to now it has been contained by heavy central-bank intervention; but the euphoria is gone. The world of … Keep reading »

  • The Crisis in Manufacturing Jobs: Struggling for Answers

    The last weeks of May have seen major demonstrations of workers’ discontent with the crisis that has been unfolding in Canada’s manufacturing sector. Some 52,000 jobs have been lost in the manufacturing sector since January alone. The demonstrations were kicked off on May 23 by protests by the USW at nine plants, as part of … Keep reading »

  • The Auto Industry

    Concretizing Working Class Solidarity: Internationalism beyond Slogans by Sam Gindin. Keep reading »