Category: Economy
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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 »
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In and Out of Crisis
The Global Financial Meltdown and Left Alternatives With the recent publication of their new book on the financial crisis and the crisis of the North American Left, In and Out Of … Keep reading »
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Workers, Banking, and Crisis in Mexico
A striking feature of the global financial crisis is the narrow and technical focus on banks and financial corporations without accounting for ordinary workers in these institutions and in society … Keep reading »
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Beyond ‘Stimulus’ – Fiscal Policy After the Great Recession
As the communiqué from the Pittsburgh G20 summit put it, “it worked.” Unprecedented macro-economic stimulus in the form of ultra low interest rates and large government deficits has pulled the … Keep reading »
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Roots of the Economic Crisis: Critical Perspectives
This workshop explores alternative interpretations of the current economic crisis. The presentations are from organized labour, community activists and academics. The focus of this workshop is critical engagement, discussion and debate. Presentations by Andrew Jackson, Toby Sanger and Justin Paulson. Watch video »
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Public Sector Workers: The Recession’s Next Victims?
I fear that Tom Walkom of the Toronto Star is bang on when he argues that the next victims of the recession will be public sector workers. As he writes: … Keep reading »
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Economic Crisis Hits States and Municipalities
Crises expose the system’s irrationalities and wasteful resource allocations. For example, Madoff and his many, smaller imitators reveal the tips of corruption icebergs. More important, the crisis-induced fiscal emergencies looming … Keep reading »
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Ontario’s Budgetary Dilemmas: Exit Strategies and Neoliberalism
The financial panic that consumed U.S. mortgage markets two years ago quickly became a global economic crisis of alarming breadth and depth. No country or sector has been able to … Keep reading »