As events unfold over the next few weeks following today’s No victory in Greece there’ll be plenty of people watching in Spain. That country’s Podemos movement promotes a similar sort of anti-austerity platform to that of Greece’s Syrzia. It’s hard to imagine today’s defiant events in Greece not having a
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Michal Rozworski » Political Eh-conomy: Oxi: a political opening amid economic suffocation
This week has been a taste of what the economy would look like with a real rupture with the Eurozone: uncertainty, elite blackmail, banks teetering on the brink and the start of rationing. That the mobilization of Syriza and the left outside it has overcome this and made Oxi a
Continue readingPolitical Eh-conomy: Oxi: a political opening amid economic ruin
This week has been a taste of what the economy would look like with a real rupture with the Eurozone: uncertainty, elite blackmail, banks teetering on the brink and the start of rationing. That the mobilization of Syriza and the left outside it has overcome this and made Oxi a
Continue readingA Different Point of View....: Can the IMF turn over a new leaf and challenge the 1%?
…and will we follow Dutch court & challenge Harper on climate change? Two remarkable developments during the past week that could have a significant impact in many countries have been pretty much ignored in Canada and the United States. First, a major research document published by five top economists at
Continue readingA Different Point of View....: Can the IMF turn over a new leaf and challenge the 1%?
…and will we follow Dutch court &
Dutch told to act on emissions
IMF denounces ‘trickle-down’ economics
Austerity increases poverty
Critics strongly object to austerity measures that have been forced upon most of the 60 countries where the IMF has been providing loans.
Parchment in the Fire: IMF: austerity measures would still leave Greece with unsustainable debt | World news | The Guardian
IMF: austerity measures would still leave Greece with unsustainable debt | World news | The Guardian. Filed under: Austerity Tagged: Austerity, Eurozone Crisis, Greece, IMF, Syriza, Troika
Continue readingMichal Rozworski » Political Eh-conomy: Europe ready to kill Greece to keep TINA alive
My latest piece on Greece was published yesterday at Ricochet. In short, Europe and the IMF’s message that ‘there still is no alternative’ proves that objective of punitive austerity is political, not economic. Here it is in full: The project’s aim is to make an example of Greece and solidify austerity
Continue readingPolitical Eh-conomy: Europe ready to kill Greece to keep TINA alive
My latest piece on Greece was published yesterday at Ricochet. In short, Europe and the IMF’s message that ‘there still is no alternative’ proves that objective of punitive austerity is political, not economic. Here it is in full: The project’s aim is to make an example of Greece and solidify austerity
Continue readingAccidental Deliberations: Thursday Evening Links
This and that for your Thursday reading. – Daniel Tencer discusses the latest evidence that trickle-down economics are a fraud, while David Roberts and Javier Zarracina write about how the elite seems to get its own way even when the results are worse for everybody. And Heather Stewart reports on
Continue readingPolitical Eh-conomy: Repeat after me: Alberta isn’t Greece
Last week it was Andrew Coyne; this week it’s Jack Mintz. Seems all the National Post’s favourite conservative commentators have suddenly decided to offer their Very Serious Advice™ to Alberta’s new government. While Coyne made a spurious comparison between raising the minimum wage and instituting a minimum income, Mintz outdoes
Continue readingParchment in the Fire: An ageing population isn’t the reason for stunted economic growth – austerity is
An ageing population isn’t the reason for stunted economic growth – austerity is. Filed under: Austerity Tagged: Austerity, IMF
Continue readingThe Progressive Economics Forum: The slow transformation of the IMF
Louis-Philippe Rochon Associate Professor, Laurentian University Co-Editor, Review of Keynesian Economics In its recent report released in early June, the International Monetary Fund (IMF) has made some startling policy announcements: given the general depressed economic condition in the world economy, now is not the time to pay down the national
Continue readingAccidental Deliberations: Monday Morning Links
Miscellaneous material to start your week. – Jay Baron Nicorvo discusses how the myth of U.S. meritocracy serves largely as a means of funneling profits toward the 1%. And Mary Hansen points out one way of fighting back against evolving forms of corporate power – being the development of new,
Continue readingThe Progressive Economics Forum: ROCHON on the IMF and labour market deregulations
LABOUR MARKET DEREGULATIONS NOT WORKING: IMF See original CBC column here. Recent — and potentially watershed — International Monetary Fund (IMF) documents have cast doubt on the merits of labour market deregulation of the last three decades, with important consequences for Canada. But will anyone listen? The last 30 years have not been kind to economic growth and
Continue readingThe Disaffected Lib: Deadlier Than Putin’s Missiles. The IMF Pays Ukraine a Visit.
The International Monetary Fund has worked its magic on Ukraine. The carrot is about $17-billion in bailout funding. The stick is the market price of natural gas. Soon the democracy-loving Ukrainians will see their gas bills soar nearly threefold. While Kiev will have to help poorer families pay for pricier
Continue readingAccidental Deliberations: Sunday Morning Links
This and that for your Sunday reading. – Cam Dearlove writes a must-read column on the role of housing in building a healthy society: For housing advocates and researchers, our nation’s inability to make headway on homelessness and housing instability is not only a moral failure, but also a financial
Continue readingThe Disaffected Lib: They’ll Nip This in the Bud
It’s enough to give an oligarch chest pain. Barely a month in power, popular support for the left-wing, anti-austerity government in Greece is soaring. Syrzia won the January polls with 36% of the votes. A few weeks later and there’s no sign of buyers’ remorse. Instead the party’s support has
Continue readingThe Progressive Economics Forum: Rochon Asks: “Is the Canadian economy unraveling?”
In a recent CBC blog post, Louis-Philippe Rochon assesses the current state of the Canadian economy. The link to the blog post is here. Follow him on Twitter @Lprochon.
Continue readingThe Progressive Economics Forum: Seccareccia on Greece, Austerity and the Eurozone
Over at the blog of the Institute for New Economic Thinking, Ottawa U professor Mario Seccareccia has given an interview titled “Greece Shows the Limits of Austerity in the Eurozone. What Now?” The interview can be read here.
Continue readingdrive-by planet: Oligarch Pyotr "Chocolate King" Poroshenko wins big in Ukraine’s low turn-out election: change to disbelieve in
The presidential election in Ukraine was held on the same date as elections to the European parliament that resulted in an unprecedented showing by anti-immigration Euro-skeptic parties. The Ukraine election held in the midst of conflict and poll boycotts saw EU-friendly billionaire Pyotr Poroshenko – aka the “Chocolate King” –
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