Category: Economy
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Fueling the Tax Revolt: What’s Wrong with the NDP’s Anti-HST Campaign
The Canadian New Democratic Party (NDP) has devoted much of its energy in recent months to opposing the implementation of the Harmonized Sales Tax (HST) in Ontario and British Columbia. … Keep reading »
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Economic Crisis? Who Pays?
Toronto, August 24, 2010. Forum and organizing meeting on the government’s proposed public sector wage freeze. At risk is free collective bargaining, workers rights, public services and our communities, so … Watch video »
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Capitalist Crisis, Radical Renewal?
Sasha Lilley: Liberals and leftists alike argue that the economic crisis was caused by a lack of state regulation over the banks and financial markets. Consequently, they conclude that we … Keep reading »
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Jonesing for a Slump? Austerity in the Face of Weakness
Having successfully avoided depression through a massive, largely coordinated, stimulus program, the world bourgeoisie now looks ready to reverse it – some because they think it a success, and others … Keep reading »
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No Time for Public Sector Austerity
The 2007-08 financial crash was, in terms of its global impact, the greatest in history. It was only prevented from immediately triggering another Great Depression by governments in so many … Keep reading »
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Britain’s Austerity Budget: A Class Act
The June Budget Following the inconclusive outcome of the British general election on May 6th, the ‘centrist’ Liberal Democratic Party decided to turn sharply to the right by agreeing to join … Keep reading »
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Global Bonapartism: The G20 and the Planet
“We are left with the politicians who think poorly of us, and who stand back with chaos in their pale old eyes whimpering, ‘That is not what we wanted. No, … Keep reading »
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The Greek People are the Victims of an Extortion Racket
The events in Greece concern us all. The Greek people are paying for a crisis and a debt not of their making. Today it is the Greeks, tomorrow it will … Keep reading »
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Cutting Public Debt: Economic Science or Class War?
In The Bullet No. 345, Ingo Schmidt showed how the credit rating agencies have sparked an assault by international bondholders on the sovereign debt of Greece, where workers are being … Keep reading »
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Beware the Canadian Austerity Model
Paul Martin was Canada’s Minister of Finance from 1993 to 2003, then served a short term as Prime Minister (December 2003 to February 2006). He spoke on Canada’s 1990s debt … Keep reading »
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Greece: Driven into Crisis
Neoliberal order reigns in the world. Stock markets are recovering from the crash in the fall of 2008. Private banks are no longer weighed down by bad loans that were … Keep reading »
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Eurozone Crisis: Beggar Thyself and Thy Neighbour
The crisis facing the eurozone looks at first sight as German efficiency clashing with Portuguese, Irish, Greek and Spanish sloppiness. But in many respects Germany has performed worse than the … Keep reading »