Tag: economic crisis

Photo from Pixabay.com As never-ending politically motivated austerity takes hold, more and more people will find they cannot afford to stop work. But it doesn’t have to be like this​. None of this is as “inevitable” as the politicians would have us think. Many societies have an ageing population. But

Photo by Long Thiên Once again, Pope Francis has made global headlines, shocking reporters late Sunday after blaming the “god of money” for the extremist violence that is taking place in Europe and the Middle East. A ruthless global economy, he argues, leads disenfranchised people to violence. Responding to a

Photo by Scott Cameron The city council of Portland in Oregon will vote on Wednesday whether to impose a tax on companies whose CEO’s pay exceeds the median salary of their workers by a ratio of more than 100-to-one. The measure, which was proposed by Portland city commissioner and former

Photo by Des Byrne

The Guns and Butter Interview

Suppose a country owes money to another nation’s government or official agency. How can creditors collect, unless there’s an international court and an enfor…

Photo by Dave Center

The US economy died when middle class jobs were offshored and when the financial system was deregulated.

Jobs offshoring benefitted Wall Street, corporate executives, and shareholders, beca…

Photo by Alberto Carrasco-Casado

The vast and growing gap between rich and poor has been laid bare in a new Oxfam report showing that the 62 richest billionaires own as much wealth as the poorer half of the worl…

Photo by frankieleon

I was dismayed by the comments of two women on CBC Toronto’s Metro Morning recently. The program deserves credit for planning throughout the week to deal with issues of stress and the fact…

Photo by Ryan Hyde

Introduction

The IMF is the leading international monetary agency whose public purpose is to maintain the stability of the global financial system through loans linked to proposals designed t…

The Rosariazo in 1969. The worsening economy and the onset of dictatorship led to waves of protests, strikes and riots. • Photo by Carlos Saldi Introduction Democratic critics of military seizures of power commonly refer to them as military coups. They adopt a very narrow and misleading conception of what

Photo from Public Domain The global economy is slowing – from China to Brazil to South Africa and beyond. Currency wars initiated in 2013 by Japan’s introducing a ‘quantitative easing’ (QE) monetary policy, intensified in 2015 by Europe introducing its own ‘QE’, and exacerbated still further by Saudi Arabia initiating

Finance Minister Joe Oliver • Photo by Harvey K The evidence is mounting that Canada’s economy may already be in an outright recession. Recent data on investment, exports, building permits and retail sales all paint a gloomy picture, and Friday’s jobs numbers (the private sector shed 49,000 jobs in June,

The Tribune of the Uffizi (1772–78), by Johann Zoffany, depicts the commodity-fetishism metamorphosis of oil paintings into culture-industry products. Introduction About 75% of US employees work 40 hours or longer, the second longest among all OECD countries, exceeded only by Poland and tied with South Korea. In contrast, only 10%

Photo by Paul Sparkes Neoliberal economic policies, with their emphasis on market-led development and individual rationality, have been exposed as bankrupt not only by the global economic crisis but also by increasing social opposition and resistance. Social movements and critical scholars in Latin America, East Asia, Europe and the United

Photo by Ken Teegardin Oxfam’s recent report, “Wealth: Having It All and Wanting More,” contains shocking figures that the press haven’t sufficiently publicized; so, the findings and the reliability of their sources will be discussed here. The results will then be related to the central political debate now going on