I just saw that today, May 5, is the birthday of Karl Heinrich…
I just saw that today, May 5, is the birthday of Karl Heinrich Marx (1818-1883), the German economist, historian, journalist and philosopher. I post this video in honour of the…
Recession
Great Divergence or Financialized recovery ?
The IMF’s latest delivery of the World Economic outlook contains an interesting analysis of the current “non” recovery in terms of a divergence between fiscal and monetary policy, the first…
This anti-Thatcher song is “We Rule OK” by the…
This anti-Thatcher song is “We Rule OK” by the working-class Oi! band The Last Resort. Some right-wingers try to claim this band as one of their own, but that is…
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…
Capitalism is self-destructing: Richard Wolff on the ways
It doesn’t require a Trotskyist or a laid off worker to tell you that capitalism isn’t working. Not only does it not work, it is destroying societies… it is destroying…
Will Climate Change Drive Britain Back Into Recession?
Britain’s Tory government is hoping desperately to avoid a “triple dip” recession on its watch. The Cameron government eked out a 0.1% growth for the three months ending March 1st,…
Cold Conservatism & Canada Without A Jacket
Most Canadian kids don’t leave home without their mother telling them, “Don’t forget your jacket.” Always offering the reminder so her child doesn’t catch a cold. Canada may not have…
If A Fiscal Cliff Kills, Canada Should Tax Death
“In this world nothing can be said to be certain, except death and taxes.” – Benjamin Franklin The fiscal cliff in the United States did not just endanger its own…
State of the BC Economy
As we close out 2012, BC finds itself in some precarious economic waters. To recap, a massive housing bubble that built up through the naughties (2000s) finally burst in 2008,…
A Keynesian Cliff
When we have a recession and there’s a call for stimulus, a lot of people – especially on the right – dispute the effectiveness of Keynesian economics. People like Prime…
Canada’s economy in a stall, StatsCan reports
There’s every chance we’ll have at least a technical recession in the fourth quarter given these statistics: “The economy slumped to 0.6 per cent in the third quarter — below…
N14 anti-austerity ‘day of protest’ across Europe: pictures and video links
Millions across Europe turned out November 14 in an anti-austerity 'day of protest and solidarity.' The coordinated protests are happening at a time when Europe is headed back into recession…
Why Are The Tories Pushing Canada Into Recession?
Remember how the Tories are the party you want to vote for in tough economic times because they’re great managers and willing to make the tough decisions? Remember all that…
This recession has cost you $12,000 per year
Vicious circle? Very interesting article which puts into numbers the cost of the financial meltdown and the recession: In much of the industrial world, what started as a financial problem…
Mitt Romney’s failure: The Recession is Not Enough
Seems American voters want more than simply I am not the other guy from their presidential contenders, even when the country is suffering from a deep recession with high unemployment,…
Canadian mythology: Bob Rae, NDP and socialists to blame for Ontario’s deficit.
One of Canada's enduring mythologies is that during the NDP reign in Ontario from 1990 to 1995 a whole plethora of woe was inflicted as the result of Bob Rae…
Canadian mythology: Bob Rae, NDP and socialists to blame for Ontario’s deficit.
One of Canada’s enduring mythologies is that during the NDP reign in Ontario from 1990 to 1995 a whole plethora of woe was inflicted as the result of Bob Rae…
Incomes Flat in “Recovery Year” of 2010
Today’s Statscan release of income data for 2010 allow for a backward glance at the state of the recovery. What is most striking is that – following two years of…
Ghosts with Shit Jobs – Is this $4,000 “lo-fi sci-fi” the future of Canadian Filmmaking?
It is the year 2040. China is the world’s dominant economic power, while North America’s decline has forced most of its citizens into degrading and menial jobs. In Toronto, two…
The Big Banks’ Big Secret
The CCPA today released my report: “The Big Banks Big Secret” which provides the first public estimates of the emergency funds taken by Canadian banks. The report bases its estimates…