This and that for your Thursday reading. – Colin McAuliffe charts the increasing share of U.S. income going to profits and the already-wealthy. And Dani Rodrik writes about the importance of a progressive movement which seeks to shift the balance of power in how our economy functions, rather than settling
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The Disaffected Lib: The NYT Asks: What Does Real Populism Look Like?
The term “populism” has been smothered in negative connotations lately as though it is the preserve of sketchy characters like Donald Trump or Victor Orban. Yet theirs is a perversion of true populism, a ploy to foment and harness public discontent for ulterior purposes. Having spent some time over the
Continue readingAccidental Deliberations: Saturday Morning Links
Assorted content for your weekend reading. – Marty Warren highlights why Tim Hortons workers – and other people facing precarious and low-paying work – need union representation to ensure their interests are respected. And Christo Aivalis writes that the current discussion of minimum wage pairs fairness issues about distribution of
Continue readingAccidental Deliberations: Wednesday Morning Links
Miscellaneous material for your mid-week reading. – Dani Rodrik writes that politicians looking to provide an alternative to toxic populism will need to offer some other challenge to a system biased in favour of the wealthy and powerful: (P)oliticians who want to steal the demagogues’ thunder have to tread a
Continue readingAccidental Deliberations: Thursday Morning Links
This and that for your Thursday reading. – The Star’s editorial board argues that the Paradise Papers prove the need for a crackdown on offshore tax avoidance. Zach Dubinsky and Harvey Cashore report on one nine-figure scheme cooked up by BMO. And Oxfam offers its list of suggestions to end
Continue readingAccidental Deliberations: Wednesday Afternoon Links
Miscellaneous material for your mid-week reading. – Dani Rodrik argues that it’s too late to try to compensate the people being deliberately left behind by trade deals – and that instead, we need to make sure their interests are actually taken into account in how trade is structured: Today’s consensus
Continue readingAccidental Deliberations: Sunday Afternoon Links
This and that for your Sunday reading. – Bessma Momani writes that Donald Trump’s plan to leave the U.S. at the mercy of unregulated financial markets figures to cause another crisis comparable to – or worse than – that of 2008: Nearly 10 years ago, the U.S. financial industry was
Continue readingAccidental Deliberations: Sunday Morning Links
This and that for your Sunday reading. – Dani Rodrik writes that today’s brand of trade agreement has little to do with economic theory as opposed to political power: What purpose do trade agreements really serve? The answer would seem obvious: countries negotiate trade agreements to achieve freer trade. But
Continue readingAccidental Deliberations: Tuesday Morning Links
This and that for your Tuesday reading. – Dani Rodrik discusses the growing public opposition to new corporate-dominated trade deals based on the lessons we’ve learned from previous ones: Instead of decrying people’s stupidity and ignorance in rejecting trade deals, we should try to understand why such deals lost legitimacy
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This and that for your Tuesday reading. – Peter Rossman explains why the CETA falls far short of the mark in accounting for anybody’s interests other than those of big business. And Dani Rodrik discusses the dangers of laissez-faire fundamentalism, particularly to the extent it threatens to undermine the foundation
Continue readingAccidental Deliberations: Wednesday Morning Links
Miscellaneous material for your mid-week reading. – Dani Rodrik suggests that instead of engaging in extended hand-wringing over the collapse of public interest in corporate trade deals, we should instead be working on strengthening domestic social contracts: The frustrations of the middle and lower classes today are rooted in the
Continue readingAccidental Deliberations: Sunday Afternoon Links
This and that for your Sunday reading.
– Andrew Jackson discusses how the rise of right-wing, prejudiced populism can be traced to the failures of global corporate governance. And Dani Rodrik argues that it’s time to develop an international political system to facilitate – rather than overriding – democratic action:
Some simple principles would reorient us in the right direction. First, there is no single way to prosperity. Countries make their own choices about the institutions that suit them best. Some, like Britain, may tolerate, say, greater inequality and financial instability in return for higher growth and more financial innovation. They will opt for lower taxes on capital and more freewheeling financial systems. Others, like Continental European nations, will go for greater equity and financial conservatism. International firms will complain that differences in rules and regulations raise the costs of doing business across borders, but their claims must be traded off against the benefits of diversity.Second, countries have the right to protect their institutional arrangements and safeguard the integrity of their regulations. Financial regulations or labor protections can be circumvented and undermined by moving operations to foreign countries with considerably lower standards. Countries should be able to prevent such “regulatory arbitrage” by placing restrictions on cross-border transactions — just as they can keep out toys or agricultural products that do not meet domestic health standards.…Third, the purpose of international economic negotiations should be to increase domestic policy autonomy, while being mindful of the possible harm to trade partners. The world’s trade regime is driven by a mercantilist logic: You lower your barriers in return for my lowering mine. But lack of openness is no longer the binding constraint on the world economy; lack of democratic legitimacy is.It is time to embrace a different logic, emphasizing the value of policy autonomy. Poor and rich countries alike need greater space for pursuing their objectives. The former need to restructure their economies and promote new industries, and the latter must address domestic concerns over inequality and distributive justice.
– William Lazonick and Matt Hopkins note that already-appalling estimates of the gap between CEOs and other workers may be severely underestimating the problem. And Iglika Ivanova laments British Columbia’s woefully insufficient changes to its minimum wage which will keep large numbers of workers in poverty.
– In one positive development for corporate accountability, Telesur reports that the International Criminal Court is now willing to take jurisdiction over land grabbing, environmental destruction and other corporate crime.
– Harry Stein writes that there are significant economic and social gains to be achieved by better funding social infrastructure.
– Finally, Jeremy Nuttall interviews Robert Fox, the NDP’s new national director, on the plan to building a more activist party – both in the sense of better engaging with existing activists, and developing a culture of ongoing action. And Robin Sears offers a long-term path for the NDP to once again lead Canada toward progressive policies.
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