Category: Economy
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Recent Subsidies: The Deification of Capitalism and the assault on all that Matters
On 6 July, 2023, Canadians watching the news were regaled with pictures of beaming federal and provincial politicians, flanked by some rich people who looked sober and content. The viewers … Keep reading »
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Is Intellectual Property Turning into a Knowledge Monopoly?
The twentieth century saw the emergence of publicly funded universities and technical institutions, while technology development was concentrated in the R&D laboratories of large corporations. The age of the lone … Keep reading »
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Economic Recovery Fund as Cover for Neoliberal Reforms
One usually has the impression that European mills grind slowly, but this is not always the case. For instance, the Commission’s proposal to subsidise Europe’s munitions industry with European money … Keep reading »
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Low Pay and a Four-Day Workweek
Of course we deserve to work fewer hours. But unless the move to a four-day workweek is accompanied by a massive pay raise, it merely frees up time to work more. Keep reading »
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A Geopolitical European Union?
On taking office as President of the EU Commission in 2019, Ursula von der Leyen said she wanted to create a ‘geopolitical Commission’: “We have enormous tasks ahead of us: … Keep reading »
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Deal or Default: Is It the Endgame for Pakistan?
The IMF mission is currently in Pakistan on a 10-day visit to discuss the stalled ninth review of the country’s current funding programme. The loan talks were restarted after the … Keep reading »
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The Havana Declaration on the New International Economic Order
The Havana Congress on the New International Economic Order (NIEO), organised by the Progressive International, closed this weekend with delegates agreeing on a declaration and a commitment to advance the … Keep reading »
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Deflation Interrupted?
To fully grasp the import and potential staying power of the sudden, dramatic spike in consumer price inflation requires that we briefly step back in time to look at the … Keep reading »
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Elon Musk’s Twitter Capitalism
Christian Fuchs makes the case for turning the internet into a public service. Keep reading »
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Economic Vision for Everyone: How to Organize a Green Economy of Solidarity, Equity, and Self-Determination
An economy is a system of production and consumption activities connected via allocation mechanisms. Simply, it is how people produce items and services that other people later consume. Economies are … Keep reading »
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Morbid Symptoms, Premature Obituaries: The American Empire
Globalization, which now confronts us as a locked-in inevitability, looked quite different in the first half of the 20th century. Then, in the face of the horrors of two world … Keep reading »
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Pandemic Lessons for Rebuilding Canada’s Welfare State
As the threat of a recession looms large, it is critical that we push for urgent reforms to our social protection systems. Keep reading »