• Costa Rica’s Banco Popular Shows how Banks can be Democratic, Green – and Financially Sustainable

    A decade on from the 2007-08 global financial crisis, the majority of private banks have changed very little. Most remain solely concerned with maximizing their returns, while sustainable or social goals remain subservient to this. For conventional economists, anything else remains an impossible or distant dream. But there is hope for a different kind of … Keep reading »

  • Labour and the Corporate Economy

    General Electric (GE) is moving out of Peterborough. It leaves the town, the county, Ontario and Canada with an enormous mess. One of the world’s largest conglomerates has become the poster child for a sick corporate citizen in a sick economic system. It’s not just about leaving hundreds of former workers dead or dying of … Keep reading »

  • A Gap in Marx? Value, Nature and Society

    The metabolic exchange between nature and society in a mode of production based upon value So many accusations have been levelled against Karl Marx and, to an even greater extent, his friend and co-author Friedrich Engels in the 150 years since Capital was first published (in German in 1867) that the charges are almost too many … Keep reading »

  • The Duplicity of Law and the Cowardice of Capitalists

    Capitalism is ugly. The major villains at Goldman Sachs, J.P. Morgan, Citigroup, Barclays Bank, Royal Bank of Scotland, AIG, were not impelled by any desperate need they had to meet, or by their lack of education and opportunities, the circumstances that lead the poor to commit crimes. They were acting as self-seeking, greedy, venal individuals … Keep reading »

  • GE’s Switch

    The resignation of General Electric (GE) CEO Jeff Immelt last month is the latest sign of the broad restructuring of political and economic power currently underway in the United States. His departure, and John Flannery’s arrival, reveals a lot about the new phase of financialization that has emerged from the Great Financial Crisis. As financial … Keep reading »

  • Against NAFTA: Resolution to Support Workers in Canada, Mexico and the USA

    The following resolution calling for the repeal of the North American Free Trade Agreement (NAFTA) is the work of the Autoworkers Caravan. It is an organizing, educating and mobilizing group of current and former autoworkers, largely located in the USA, but with some Canadian Unifor members as well. The group is somewhat of a successor … Keep reading »

  • Trumping NAFTA: Free Trade versus Democratic Planning

    Opposition to ‘free trade’ is in the air again, though not in the way most of us expected or hoped. Three decades ago, the move to guarantee, extend and deepen Canada’s economic integration with the United States by way of the bilateral Free Trade Agreement (FTA) between the two states mobilized an impressive though ultimately … Keep reading »

  • Bill C-27: An Attack on Pensions

    Ottawa – 1 March 2017. The Ottawa Committee for Pension Security (OCPS) recently co-hosted a panel discussion with the Congress of Union Retirees about Bill C-27, a Bill that will give employers the tools they need to dump their defined benefit pension plan guaranteed promises, including the benefits already earned and paid for by active … Watch video »

  • Anti-Austerity Geringonça in Portugal

    A new word has arisen in the European political debate: Geringonça. This new Portuguese political term geringonça (contraption), refers to the current minority government of the Socialist Party (center-left) supported in the parliament by radical left parties. The name Geringonça was coined by its conservative critics but became popular and is also used by supporters. … Keep reading »

  • Monopolization and Labour Exploitation

    Those who advocate “freeing the market” claim that doing so will encourage competition and thereby increase majority well-being. These advocates have certainly had their way shaping economic policies. And the results? According to several leading economists, the results include the growing monopolization of product markets and steady decline in labour’s share of national income. Neither … Keep reading »

  • Trump’s Economic Policies Are No Answer To Our Problems

    President Trump has singled out unfair international trading relationships as a major cause of U.S. worker hardship. And he has promised to take decisive action to change those relationships by pressuring foreign governments to rework their trade agreements with the U.S. and change their economic policies. While international economic dynamics have indeed worked to the … Keep reading »

  • Toronto Mayor’s Housing Policies Costs Lives

    E ighty people have died in the last two years as a direct result of homelessness in Toronto. That’s one homeless person dying every 10 days. In 1985, people fighting homelessness started keeping track of these senseless, and entirely preventable deaths. Since that time, they’ve recorded over 800 deaths – lives sacrificed in service of … Keep reading »