Occupy Movement: Inequality in Newfoundland and Labrador
Apparently the policy brief I wrote for the Newfoundland and Labrador Federation of Labour has been picked up by the Occupy Wall Street movement. The brief can be found here.…
economic crisis
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…
The State of the Economy and Labour’s Response
The advanced economies, including Canada, risk falling back into recession because of government spending cuts and a looming financial crisis. The Canadian Labour Congress has been calling for our federal…
Not Seeing The Trees For The Forest
Paul Krugman's analysis of the European Debt Crisis, in this morning's New York Times should be required reading -- not just for the movers and shakers in Europe, but for…
Falling Real Wages Signal Trouble Ahead
The Labour Force Survey for August showed that average hourly wages were up by just 1.4% from a year earlier, the same low level of increase as was registered in…
Delicious and dangerous irony: China to buy Italisn bonds
How much of a disaster is the EMU? Look no further than the spectacle of the Italians going cap in hand to the Chinese for a bail out. The fact…
The irony of greed: The end game for Neoliberalism?
The global economy is in the toilet and the Boomers’ representatives are chanting: “flush, flush, flush.” Me? I am eating cigarettes and wine while admiring the remarkable consistency in the…
Money Runners for Marx
On Bloomberg today is a piece by George Magnus, senior economic advisor at UBS, on the relevance of Marxian ideas. http://www.bloomberg.com/news/2011-08-29/give-marx-a-chance-to-save-the-world-economy-commentary-by-george-magnus.html Give Karl Marx a Chance to Save the World…
"Karl Marx, it seems, was partly right…"
Well, there's something you only ever hear from economists when they're pooping their pants because the system is going in to meltdown. We heard it in the early 1990s and…
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…
Japanizing the World Economy
This guest post is from PEF members Marc Lavoie and Mario Seccareccia, both of whom are full professors of economics at the University of Ottawa. The “Japanization” of the World…
Inherit The Wind
Forty two years ago, I was preparing to teach my first classes. I had spent the summer at the University of North Carolina, studying John Dewey, Jerome Bruner, Carl Rogers…
The New Phase of the Crisis
The Great Recession was followed by an anaemic recovery in the advanced economies, which threatens to be followed by a double dip or worse now that the fiscal stimulus measures…
Capitalism vs Democracy
This article in the Globe & Mail about the ongoing debt crisis in the USA and Europe caught my attention. Not because it offered any interesting or unique insight into…
The Second Great Contraction
The American economist, Kenneth Rogoff suggested this week that we stop referring to our present economic woes as The Great Recession, and instead label the present situation The Second Great…
It’s Always Been About Jobs
Many people criticize Paul Krugman for being too shrill. But, after all, the policy elites have chosen not to take his advice; and, as economies around the world continue to…
The Right Wing Commentariat is getting Desperate
JuysTerence Corcoran Just go read Terence Corcoran’s latest in the National Post. Never mind that the world was plunged into economic crisis by unregulated financial institutions; and near fully captured…
The ‘debt crisis’ and the undermining of democracy in Europe
While CK’s on the road, she’s invited me to blog and cross-post here. So I’m recycling this tasty little item, which I found via @NaomiAKlein. (They say she’s polarizing ……
Democracy withers away: Europe’s wakeup call – Le Monde diplomatique | via @NaomiAKlein
Serge Halimi: Europe’s wakeup call - Le Monde diplomatique - English editionWhen the balance that keeps labour and capital in relative equilibrium gets trashed (or more likely in this context,…