Category: Economy
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No, the Coronavirus is Not Responsible for the Fall of Stock Prices
We are witnessing a big crisis in the stock markets on Wall Street, Europe, Japan and Shanghai, and many blame the coronavirus for it. In the last week of February … Keep reading »
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From Fossil Capitalism to Energy Democracy?
The struggle for hegemony in an era of climate crisis As the 21st Century’s second decade opens, the increasingly severe symptoms of climate change comprise a pivot in the struggle … Keep reading »
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Wall Street Can’t Fix the Environment – and Neither Can Bay Street
On December 16, 2019, a few dozen members of Canada’s business, academic and government elite met in Toronto at the invitation of the Royal Bank of Canada (RBC). They were … Keep reading »
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Will Boeing Survive as a Civilian Aircraft Maker in 2020?
The dismissal of the company’s CEO is akin to putting a Band-Aid on a stage 4 tumor. Keep reading »
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We Should Be Free to Say ‘Fuck You’ to the Boss
As soon as we show up for work, our much-vaunted free speech goes out the window. But when we win full employment and don’t fear losing our jobs, we can tell the boss what we really think. Keep reading »
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Ways Out of the Growth Trap
Trade Unions, Climate Crisis and the “Ecology of Work” As the remarkable success of “Fridays for Future” and “Extinction Rebellion” shows, the climate crisis is pushing onto the agenda ever more … Keep reading »
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Taxing the Rich is Only a Start, Though it’s a Good One
It’s become near-consensus on the social democratic left that you can fund a decent welfare state by taxing the rich and shrinking the military. Sad to say that isn’t true. … Keep reading »
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Revaluing Capitalism for the Long-Term?
In the wake of the 2007–08 financial crash, the mainstream debate has not focused on the choice between socialism or barbarism, but rather on ‘reinventing capitalism’. Faced with a populist … Keep reading »
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Beyond NAFTA and CUSMA: Democracy Not Corporatocracy
The Canada-United States-Mexico Agreement (CUSMA) falls short of any real alternative, rather it follows a long line of neoliberal trade agreements that have little to do with trade and everything … Watch video »
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Globalization’s Corroding Edifice
The World Bank’s World Development Report (WDR), published every year since 1978, plays a similar role to that of the state of the union address in the US, in which … Keep reading »
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Global Economic Volatility and Socio-Political Reactions
Trade and currency wars, financial volatility and economic turbulence are now the most important features of the world economy. The elements of a new international financial crisis are in place. … Keep reading »
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Make GM Government Motors Again
Seven years ago, we owned General Motors (GM). With 49,000 autoworkers walking pickets to finally end the concessions, it’s mind-boggling to remember that the US Treasury owned GM for three years – and managed to do virtually nothing to benefit the working class with it. Keep reading »