Accidental Deliberations: New column day

Here, examining how Steve Keen’s warning about the UK’s excessive financialization and consumer debt applies even more strongly in Canada. For further reading…– Keen makes reference to the BIS’ international data as to the ratio of private debt to GDP: – Again, Erica Alini reported on Ipsos’ latest number as to the dire fiscal straits ...

The Political Road Map: Ontario Budget: Shallow Election Bid or Deep Election Bid?

A thousand years from now, in present day Ontario, after the fallout from a Trump temper tantrum, future survivors will begin to reclaim the land. Upon doing so, they will more than likely come across a few remnants of modern day Ontario that will survive the ruin and devastation. Among these items will most likely ...

The Progressive Economics Forum: A Response to the 2017 Saskatchewan Budget

I have an opinion piece on Saskatchewan’s recent budget in the Regina Leader-Post. Points raised in the opinion piece include the following: -Reductions in personal and corporate income taxes help the rich more than the poor (and this budget cut both personal and corporate income taxes). -Increases in sales tax hurt the poor more than ...

The Progressive Economics Forum: A Review of the 2017 Alberta Budget

Over at the web site of the Calgary Homeless Foundation, I’ve written a review of the recent Alberta budget. Points I make in the blog post include the following: -Alberta remains the lowest-taxed province in Canada. -Alberta’s net debt-to-GDP ratio remains the lowest in Canada. -For the third consecutive year, the Rachel Notley government announced ...

The Progressive Economics Forum: The Alternative Federal Budget 2017

This year’s Alternative Federal Budget (AFB) was released on March 9. I was proud to be the primary author of its housing chapter (that chapter is available in English here and in French here). The first AFB exercise began in 1994, with the first AFB being published in 1995. That involved a joint effort between ...

The Cracked Crystal Ball II: On Budgets and Deficits In Alberta

Today was budget day in Alberta.  More or less, the NDP government brought in the budget that had been expected.  Continued spending on big ticket items that have been put off for years, if not decades. Predictably both the PC and WildRose opposition parties are crying foul.  The argument is largely that “running up the ...

Accidental Deliberations: Thursday Morning Links

This and that for your Thursday reading. – Frances Ryan discusses the precarity facing far too many UK residents who are a single missed bill payment away from financial disaster: There are now 19 million people in this country living below the minimum income standard (an income required for what the wider public view as ...

Accidental Deliberations: Thursday Morning Links

This and that for your Thursday reading. – Frances Ryan discusses the precarity facing far too many UK residents who are a single missed bill payment away from financial disaster: There are now 19 million people in this country living below the minimum income standard (an income required for what the wider public view as ...

The Progressive Economics Forum: Poverty Reduction in Alberta

Over at the web site of the Calgary Homeless Foundation, I’m co-author of a blog post titled “Poverty Reduction in Alberta.” Points raised in the blog post include the following: -The NDP government of Premier Rachel Notley has undertaken important poverty-reduction initiatives since forming a government in 2015. -Alberta (relative to other provinces) has a ...

The Progressive Economics Forum: The Federal Role in Poverty Reduction

Over at the web site of the Calgary Homeless Foundation, I’m co-author of a blog post titled “The Federal Role in Poverty Reduction.” Points raised in the blog post include the following: -Canada’s Minister of Families, Children and Social Development has been tasked to lead the development of a Canada Poverty Reduction Strategy. -Total public ...

Accidental Deliberations: Monday Morning Links

Miscellaneous material to start your week. – Tom Parkin points out that neither austerity nor isolationism offers any real solution to improve Canada’s fiscal and economic standing. And Rob Carrick highlights what should be the most worrisome form of debt – being the increased consumer debt taken on to allow people to keep spending in ...

Accidental Deliberations: Thursday Morning Links

This and that for your Thursday reading. – Jordan Brennan points out why Nova Scotia (and other jurisdictions) should move past austerity economics: The McNeil Liberals appear set to rack up budgetary surpluses through a strategy of public sector wage suppression. This is likely to backfire. It is an elementary insight of economic analysis that, ...

Accidental Deliberations: Thursday Morning Links

This and that for your Thursday reading. – Valerie Strauss discusses the disastrous effects of corporatized education in the U.S. And Alex Hemingway examines how B.C.’s government (like Saskatchewan’s) is going out of its way to make it impossible for a public education system to do its job of offering a bright future to all ...

Accidental Deliberations: Saturday Morning Links

Assorted content for your weekend reading. – Joseph Stiglitz discusses how entrenched inequality and unearned income hurt the economy for everybody: We used to think of there being a trade-off: we could achieve more equality, but only at the expense of overall economic performance. It is now clear that, given the extremes of inequality being ...

Accidental Deliberations: Friday Morning Links

Assorted content to end your week. – Henning Meyer interviews Tony Atkinson about the readily-available options to combat inequality – with the first step being to make sure people actually have a voice in the decisions which define how wealth and power are allocated: So, if you dive into the potential solutions you seem to ...

Accidental Deliberations: Tuesday Morning Links

This and that for your Tuesday reading. – Owen Jones discusses the importance of the labour movement in ensuring that workers can get ahead in life, rather than drowning in debt: Nights spent staring at the ceiling as worries dance manically around the brain. Taking a deep breath before opening the gas bill. Sacrificing a ...

Dead Wild Roses: Uber in the US – Predatory (the usual) Capitalism

   Well here we go, another lesson on how exploiting the poor is the goto plan for making the big bucks in our society, only lets give it a snappy title – the new sharing economy.  Let’s look at how the new sharing economy looks a bunch like the old economy. “A livery driver for ...

Accidental Deliberations: Sunday Afternoon Links

Miscellaneous material for your Sunday reading. – David Korten writes that despite the trend of the past few decades, there’s nothing inevitable about international agreements inevitably favouring capital over citizens rather than the other way around. – Miles Corak examines Nicole Fortin’s research showing that concentrated income at the top of the spectrum is undermining ...

The Progressive Economics Forum: Ten things to know about the 2016-17 Alberta budget

Over at the web site of the Calgary Homeless Foundation, I have a blog post titled: “Ten things to know about the 2016-17 Alberta budget.” The link to the post is here.

Accidental Deliberations: Tuesday Morning Links

This and that for your Tuesday reading. – Harry Leslie Smith writes about how an increasingly polarized city such as London excludes a large number of its citizens from meaningful social participation: (A)usterity has diminished the opportunity of the young and shortened the lives of the old. Even libraries – the life blood of any ...

In-Sights: Appearance of profit, when there is none

BC Hydro has been announcing profits each year and that enables it to pay a dividend to the province, although it has to borrow the money to make the transfer. I argue here that the profits are questionable. In 2006, the company had $423 million in net deferred costs and intangible assets; the balance at ...

In-Sights: Erik Andersen on BC Hydro debt

This devastating information from Erik Andersen, an economist and widely recognized expert on government and Crown Corporation financing: You will note the unbelievable increase in BC Hydro’s debt since Christy Clark took over, due largely to payoffs to Independent Power Corporations who repay Christy’s kindness with immense political contributions. A case can be made that ...

Accidental Deliberations: Monday Morning Links

Miscellaneous material to start your week. – Miles Corak argues for a “second-chance” society to make up for the damaging effects of inequality – though I’d argue that while he has the principle exactly right, it’s worth defining it as “no person left behind” to avoid any suggestion that people have a limited number of ...

Accidental Deliberations: Wednesday Morning Links

Miscellaneous material for your mid-week reading. – Karl Nerenberg weighs in on the Libs’ choice to direct billions of dollars toward higher-income individuals, rather than working to help Canadians who need it: The Liberals are now in power, and have just brought in a tax change that will give the most generous benefit to an ...

Writings of J. Todd Ring: Going Off-Grid

Off-grid, self-reliant living is a rapidly growing phenomenon and popular movement – so popular that there is now a cable TV show devoted to it, called something like, Off-Grid House Hunters, on HGTV. It only makes sense. Cut your expenses and improve your quality of life, while lowering stress and saving the planet? Of course! ...