Coming out of the Silicon Valley libertarian sphere, Effective Altrusim is basically little more than 1980s era Reaganomics with a side order of philanthropy to paper over the rotting stench of unmitigated greed. For many people, their first exposure to it probably comes from the trial of Sam Bankman-Fried. Broadly
Continue readingTag: trickle-down economics
Northern Reflections: Zombie Economics
There is an idea that should have died decades ago. Unfortunately, like a zombie from the film The Night of the Living Dead, it refuses to die. The idea is trickle-down economics. It’s an idea that the Conservative Party of Canada keeps selling. Les Wittington writes: As the next federal
Continue readingThe Cracked Crystal Ball II: On Recession Economies
So, today the Bank of Canada lowered its prime lending rate to 0.5%. Supposedly, this signals that Canada is sliding into a recession. Those of us who have been watching have long ago figured out that the minute the bubble burst on oil prices, Canada was going to slide into
Continue readingThe Cracked Crystal Ball II: On Recession Economies
So, today the Bank of Canada lowered its prime lending rate to 0.5%. Supposedly, this signals that Canada is sliding into a recession. Those of us who have been watching have long ago figured out that the minute the bubble burst on oil prices, Ca…
Continue readingThe Cracked Crystal Ball II: On Recession Economies
So, today the Bank of Canada lowered its prime lending rate to 0.5%. Supposedly, this signals that Canada is sliding into a recession. Those of us who have been watching have long ago figured out that the minute the bubble burst on oil prices, Canada was going to slide into
Continue readingRead my lips—it doesn’t trickle down
It has been the heart and soul of capitalist market economics since day one—the ultimate justification for an unfair society. If we ensure that the rich get richer, the benefits will trickle down through the economy benefiting all. According to a new and exhaustive study released by the International Monetary
Continue readingNorthern Reflections: Exposing The Lie
http://thisfragiletent.com/ The Big Lie of the last forty-five years has been Trickle Down Economics. The Great Depression exposed it as a Big Lie. But people have short memories and — at least until recently — they’ve bought the lie for a second time. The OECD, however, has exposed the
Continue readingParchment in the Fire: Revealed: how the wealth gap holds back economic growth | Business | The Guardian
Revealed: how the wealth gap holds back economic growth | Business | The Guardian. The west’s leading economic thinktank on Tuesday dismissed the concept of trickle-down economics as it found that the UK economy would have been more than 20% bigger had the gap between rich and poor not widened
Continue readingCowichan Conversations: Pope Francis rips capitalism and trickle-down economics to shreds in new policy statement
Richard Hughes-Political Blogger It is amazing to watch and listen the new Pope Francis actually tell the truth and shame the devil. He has seized the hot button issues like homosexuality, gay marriage, and now he is laying it down in the clearest terms to the ahem, God fearing capitalists.
Continue readingThe Ranting Canadian: Faces of Evil This one isn’t a music video; it is chilling…
Faces of Evil This one isn’t a music video; it is chilling old footage of Margaret Thatcher having afternoon tea with her close personal friend and political ally Augusto Pinochet, the murderous quasi-fascist dictator of Chile who overthrew a democratically elected government in a bloody coup. Thatcher was an evil,
Continue readingThe Ranting Canadian: In grade 9 or 10 French class, we had an assignment to write a…
In grade 9 or 10 French class, we had an assignment to write a page of text in French and accompany it with some graphics. I chose to write about the French Revolution, and for the picture, I cut out magazine photos of Margaret Thatcher, Ronald Reagan and Brian Mulroney
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