Category: Economy

  • The Time of Finance

    The global financial crisis has done next to nothing to change the convictions of mainstream economists. But the widespread lament over their willful blindness seems misplaced: there was never a realistic possibility that the economics profession would voluntarily break with the methodological sophistication and statistical formalism at the heart of its identity. Keep reading »

  • Henry Giroux – Higher Education and the Plague of Authoritarianism

    Toronto – 26 October 2017 Higher education in our politically desperate age is threatened by a legacy that it does not dare to name and that legacy with its eerie resonance with an authoritarian past asserts itself, in part, with the claim that education is failing. The Trump administration needs education to fail in a … Watch video »

  • Neoliberalism: A Useful Concept?

    It is only over the past decade-and-a-half or so that scholars have begun to explore in greater depth the ideological roots of the neoliberal project. Such contributions tend to focus on the emergence of a distinctly neoliberal critique of ‘collectivism’ (especially as expressed in the post-war welfare state and the state-planned economies like the Soviet … Keep reading »

  • Tax Cuts: Its All About Capitalism

    Powerful corporations and the rich in the United States continue their winning ways. By narrow margins, both the House of Representatives and Senate have agreed on a budget proposal that calls for an increase in the federal deficit of $1.5-trillion in order to fund a major reform of the U.S. tax system that will make … Keep reading »

  • 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 »