Canadian banks were insulated from the worst of the 2008 financial crisis because they were better regulated, with these regulations put in place long before the current regime came into power.If you want your protest to be about some specific corporat…
Continue readingTag: financial crisis
Excited Delirium: 70% Agree: Occupy Wall Street Reflects Their Concerns About Corporate Greed
A FOX poll (yes, FOX) reflects what we’re all thinking: it’s time for corporations to pony up.
Continue readingExcited Delirium: Chris Hedges vs Kevin O’Leary
A debate with Kevin O’Leary and Chris Hedges exposes the depth of hypocrisy that O’Leary exudes.
Continue readingThe Progressive Economics Forum: Occupy Wall Street
In search of some background on the “Occupy Wall Street” movement, I recently caught up with Rick Wolff. He is a progressive economist and rising alternative media celeb in NYC (you can hear his entertaining weekly radio discussion of economic news at http://rdwolff.com/). He (with others like Stiglitz) among other spoke to the Occupy Wall […]
Continue readingThe Progressive Economics Forum: Who’s Bailing Whom? Challenging the Private Credit System
The time since 2008 has been a crucial historical moment for progressive economists to pull back the green curtain that surrounds the operation of the for-profit banking system, and expose that system for what it is: a government-protected, government-subsidized license to print money. The problem is, as soon as you start saying things like that, people […]
Continue readingPaul S. Graham: David McNally on Global Crisis and Global Resistance
David McNally teaches political science at York University in Toronto and is active in many social justice movements in that city. On Sept. 24, 2011, McNally spoke at the Mondragon Bookstore and Coffee Shop as a featured presenter at Winnipeg Radical Bookfair and DYI Fest. His topic: Global Crisis – Global Resistance. Length: 60 minutes […]
Continue readingExcited Delirium: #occupywallstreet grows while MSM misses the message
Why is mainstream media ignoring the #OccupyWallStreet protests?
Continue readingRedBedHead: Tories $20 Million Auditors Are Serial Fraudsters
If you’re the government and you want to find “gravy” – to pick a random metaphor – that you can eliminate in the provision of services in order to reduce the deficit, what do you do? Why, you hire an auditor of course. An auditor has specially traine…
Continue readingThe Skwib: Somewhere in the Heartland
The economic downturn and subsequent collapse of civilized society was not welcome by most people. But for the Pesquahoddy Mustard Gas and Swine Flu Enthusiast’s Club, the collapse had been a panacea. Membership was way up, and their annual soiree, the much-anticipated Gas Masquerade actually turned a profit this year! Membership in The MonkeySphere is […]
Continue readingGoldman Sachs boss lawyers up
Will justice ever be done? This is a question U.S Investors have been asking about the recent financial crisis. Specifically, they have queried why no criminal charges have been laid against Goldman Sachs or any other investment bank whose greed and r…
Continue readingThe Progressive Economics Forum: MMT: What it Means for Canada
Arun Dubois’ blog post yesterday on Modern Monetary Theory has prompted me to write my own take on the subject. For those interested, an interesting thumbnail sketch of MMT, essentially functional finance augmented by a full understanding of monetary operations, is explained at http://johnsville.blogspot.com/2011/06/modern-monetary-theory-mmt-in-nutshell.html. While MMT deals with the details of monetary and fiscal matters, […]
Continue readingThe Progressive Economics Forum: Tea Party North
Last week, Travis noted Terry Corcoran’s strained argument that over-regulation of banks is what ails the global economy. Terry’s next column went even further off the deep end, endorsing the hard-money libertarianism of gold bugs like Eric Sprott. Today’s column is a full-blown defence of the US Tea Party. I have the following response to […]
Continue readingExcited Delirium: The Solution to the Financial Crisis: Stop Killing People
America budget woes can be solved if politicians grow the stones necessary to axe the military.
Continue readingExcited Delirium: New Market Models
As the US prepares to default on its debt, the resulting economic spiral will punish a lot of people. We need to start thinking about how we can avoid this and take matters into our own hands.
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