There are two lead letters in today’s Star that bear reproducing. Expect no admission of a flawed ideology on the part of the neoliberals among us, however:Re: House of Harper quickly crumbling, Feb. 22 Suddenly a lot of people from banks and corporati… . . . → Read More: Politics and its Discontents: Highlighting Corporate Failure
I hope readers don’t think I have grown lazy or burnt-out when I reprint letters from The Toronto Star. It is just that their observations and ideas are frequently so nicely expressed that I think they merit some exposure in the blogosphere.
Today’s offers a sharp rebuke to the tired Tory ideology of . . . → Read More: Politics and its Discontents: The Harper Legacy: Empty Mantras And Empty Ideology
David Lewis, the one-time head of the federal NDP and father of Stephen Lewis, used the phrase corporate welfare bums in his 1972 federal election campaign to describe the various subsidies handed out to the corporate world. It was a withering jab at the world of business, so proud to trumpet the merits of . . . → Read More: Politics and its Discontents: On Corporate Welfare
I couldn’t think of a single hole to punch in this letter-writer’s logic, but then, of course, I am not part of the 1%:
Re: Bonuses at Canadian banks hit $10.3B on record profit, Dec. 11
Canada’s Big Five banks combined to report $7.8 billion in profits in the third quarter. . . . → Read More: Politics and its Discontents: An Insatiable Appetite
That is the question I am left with after reading this article in today’s Star on the over $500 billion (the article erroneously describes it as $526 million) corporate Canada is sitting on, in part thanks to generous tax cuts, rather than investing some of it and creating jobs. Recommend this Post . . . → Read More: Politics and its Discontents: If They Won’t Spend It, Perhaps We Should Tax It Back?
Given that recent reports have helped to puncture the myth of job-creation benefits arising from corporate tax cuts and corporate welfare, I was pleased to read Martin Regg Cohn’s article in this morning’s Star.
Entitled NDP leverages vote results to pressure big business to create jobs, the article discusses the current popularity of . . . → Read More: Politics and its Discontents: Inconvenient Truths for the Corporate Sector