Category: Economy
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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 »
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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 »