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The Canadian Progressive: These 1 percenters are sharing their wealth with the 99 percent

These 1 percenters are doing what the global Occupy movement demanded back in 2011. They’re sharing their wealth with the 99 percent.

The post These 1 percenters are sharing their wealth with the 99 percent appeared first on The Canadian Progressive.

Joe Fantauzzi: Notes on the Political Economy of the Hydro One Privatization or: Why Isn’t The Ontario Business Sector Paying Its Fair Share For Infrastructure?

Ontario’s provincial government faces a massive public infrastructure deficit. The province’s own numbers estimate the deficit at “tens of billions of dollars.” Among the high profile components of this deficit is transportation infrastructure. In response, the government says it has invested billions of dollars into transportation infrastructure since 2003. Ontario’s Liberal provincial government is in the midst of a […]

Joe Fantauzzi: A Brief Note On #Elxn42 And Moving Toward A New Left

This much is clear: with the NDP’s federal collapse last night, the neoliberal Third Way experiment can clearly be declared a failure. But now what? Now, to build ─ not rebuild on a broken foundation. But also this: pillory me as a post-structuralist if you must, but I’m not here for the construction of any next […]

Scripturient: Apps are making us criminals

Almost every week you read in the news about another taxi driver protest against Uber and its drivers. Taxi drivers go on strike, some rage against Uber and attack the drivers or damage their cars. Similar protests – albeit not yet as violent or large – have been made against Airbnb for its effects on […]

Parchment in the Fire: Risk of global financial crash has increased, warns IMF | Business | The Guardian

Threat of instability and recession in emerging economies, and legacy of debt and disharmony in eurozone among ‘triad of risks’ outlined in stability report

Source: Risk of global financial crash has increased, warns IMF | Business | The Guardian

Filed under: Capitalism Tagged: Financial crisis

Dead Wild Roses: Wake Up Call – Animated Short

A tonic against the slash and burn capitalism we’re supposed to worship.

Filed under: Education Tagged: Capitalism, Environmental Destruction, Supply Chains, Wake Up Call

Dead Wild Roses: Behind the Market Crash – Not China – Michael Hudson Interview

It is always nice to see the various economic classes looking out for one another. When the assets of the top are threatened, the bottom must suffer. Easy math, really.

This excerpt from an interview with Michael Hudson on Counterpunch.


Peries: Look forward to it, Michael. So Michael, some mainstream news outlets are saying that this is the China contagion. They need someone to blame. What’s causing all of this?

Hudson: Not China. China’s simply back to the level that it was earlier in the year. One of the problems with the Chinese market that is quite (Read more…)

Things Are Good: Watch Naomi Klein Talk About Capitalism

Irving K. Barber Learning Centre Lecture presented by the Vancouver Institute. Webcast sponsored by the Irving K. Barber Learning Centre. Naomi Klein is the author of the critically acclaimed #1 international bestsellers, The Shock Doctrine: The Rise of Disaster Capitalism and No Logo: Taking Aim at the Brand Bullies which have each been translated into more than 30 languages. She is a contributing editor for Harper’s Magazine, a reporter for Rolling Stone, and a syndicated columnist for The Nation and The Guardian.

The post Watch Naomi Klein Talk About Capitalism appeared first on Things Are Good.

Montreal Simon: Greece, Angela Merkel, and the Failed Policies of Austerity

As Angela Merkel and her gang of EU stooges and bloated banksters give Greece until Sunday to decide how much more flesh they can carve off its shrunken body. Frustrated European leaders gave Greece until Sunday to reach an agreement to save its collapsing economy from catastrophe after an emergency summit meeting here on Tuesday ended without the Athens government offering a substantive new proposal to resolve its debt crisis.And Merkel makes it clear she wants as much flesh as possible.At a separate news conference, the German chancellor, Angela Merkel, made it clear that eurozone leaders were determined (Read more…)

Dead Wild Roses: DWR Quote of the Day – Brian Oliver Sheppard on Capitalism

Dead Wild Roses: What was the British Electorate Thinking?

An anti-government protest placard is seen outside Downing Street during a march to protest against the British government’s spending cuts and austerity measures in London on June 20, 2015. The national demonstration against austerity was organised by People’s Assembly against government spending cuts. AFP PHOTO / BEN STANSALL

Well, let us pause in complete shock as the Tories institute more cutting of public services and benefits. You may have heard that Austerity is the new black in terms of doing shitty things to societies. Austerity has destroyed Greece and rightly the people of Britain are fighting back.

“Thousands (Read more…)

. . . → Read More: Dead Wild Roses: What was the British Electorate Thinking?

Bill Longstaff: Will Republicans keep invoking God if the Pope keeps pissing on their philosophy?

American politicians are particularly prone to invoking their Christian faith as a guide to their political beliefs. Although members of both major parties freely trot out scripture at the drop of a writ, conservative Republicans are especially inclined to pepper their appeals with references to their faith, God and Jesus.

But now they have encountered a rather embarrassing development. Christ

Parchment in the Fire: Growth, what growth? Thatcherism fails to produce the goods | Business | The Guardian

Growth, what growth? Thatcherism fails to produce the goods | Business | The Guardian.

Katie Allen

Margaret Thatcher’s policies of privatisation, light-touch regulation and low income tax failed to boost growth, according to a new study that casts doubt on the merits of free market economies.

In a wide-ranging analysis of Britain’s performance in the decades before and after 1979, economists at the University of Cambridge say the liberal economic policies pioneered by Thatcher have been accompanied by higher unemployment and inequality. At the same time, contrary to widespread belief, GDP and productivity have grown more slowly since 1979 compared (Read more…)

Parchment in the Fire: Britain to launch national day of action against austerity

Britain to launch national day of action against austerity.

Filed under: Austerity Tagged: Austerity, Capitalism, Protest, UK

Things Are Good: It’s Time to Rethink Capitalism

Capitalism favours the wealthy and what we have seen this entire millennium is that this is more true than ever. Inequality is on the rise pretty much everywhere, and this is a problem. In this TED Talk, Paul Tudor Jones II, examines the current problematic state of capitalism and how we can rethink it.

Paul Tudor Jones II loves capitalism. It’s a system that has done him very well over the last few decades. Nonetheless, the hedge fund manager and philanthropist is concerned that a laser focus on profits is, as he puts it, “threatening the very underpinnings of society. (Read more…)

Art Threat: Condé and Beveridge depict two visions of our future

The following text was written to accompany the show “Scene Otherwise: recent work by Carole Condé and Karl Beveridge,” which ran from April 17 to May 12 at the Khyber Centre for the Arts, curated by the Anna Leonowens Gallery as part of the Halifax Mayworks Festival.

We live in an age of the foreclosure of the future, when it seems that the forces of profit and austerity have brutally consolidated Margaret Thatcher’s famous dictum “There is No Alternative.”

While the vicissitudes of the capitalist system are still fresh in our mind from the horrific exploitation of poor “sub-prime” (Read more…)

Dead Wild Roses: John Hari on Addiction – Isolating Addicts is not the Answer

This is taken from the interview titled: Does Capitalism Cause Drug Addiction? The piece that I am going to excerpt is about how we view addiction in society. If we are to believe Hari, it isn’t about a failure in moral rectitude or falling into a drug laden trap of compulsion; but rather it is the atomization and rampant consumerism in society that causes the addictions we see today.

“Drugs are not what we think they are. Addiction is not what we think it is. The drug war is certainly not what we’ve been told it is. And (Read more…)

The Progressive Economics Forum: The Return of the Gilded Age: Consequences, Causes and Solutions

On April 8, I had the honour of delivering the Harry Kitchen Lecture in Public Policy at the invitation of the Department of Economics at Trent University.

I took the opportunity to offer a broad reflection on economic inequality, arguing that while inequality is inherent in capitalism, too much inequality undermines economic as well as social well-being. I also argue that priority has to be given to shaping the distribution of market incomes as opposed to purely redistributive solutions.

Here is the text of The Return of the Golden Age; Consequences, Causes and Solutions.

Sketchy Thoughts: Gender and Capitalism in China Today, a Discussion in Montreal

On May 7th, join us for a discussion of the role gender plays in workers’ exploitation and resistance in contemporary China, looking specifically at changes in the appearance of the oppression of female workers between the socialist period and the capitalist restoration, as well as issues facing migrant female workers under the triple oppression of Patriarchy, Capitalism, and the State.

This presentation is by Mei Leung, a labor activist from Hong Kong who has also been active around workers’ struggles in Mainland China for the past nine years. The talk is being co-sponsored by Kersplebedeb Publishing and No One Is Illegal (Read more…)

Joe Fantauzzi: Reflections on David Harvey: Neoliberalism and The State

For three decades, neoliberalism has dominated the political and economic landscape. Following David Harvey, I contend that neoliberalism depends on the manufacturing of consent to a neoliberal agenda and the use of coercion to enforce that agenda. I further argue that neoliberalism is a corrupted form of democracy which easily lends itself to a rule […]

Joe Fantauzzi: Reflections on David Harvey: Neoliberalism and The State

For three decades, neoliberalism has dominated the political and economic landscape. Following David Harvey, I contend that neoliberalism depends on the manufacturing of consent to a neoliberal agenda and the use of coercion to enforce that agenda. I further argue that neoliberalism is a corrupted form of democracy which easily lends itself to a rule […]

The Progressive Economics Forum: THE EURO, THE DRACHMA AND GREECE: limited options in an impossible situation

Jean-Francois Ponsot

Associate Professor of Economics, Université de Grenoble (France)


Louis-Philippe Rochon

Associate Professor of Economics, Laurentian University (Canada)

Co-Editor, Review of Keynesian Economics


The final agreement between Greece and the Eurogroup is a disappointment for anyone who held high hopes that Greece would have taken away more than a mere extension to the existing deal.

In the end, Greece gained very little and the continued austerity will do very little to close the growth gap. It is difficult to see anything short of a total capitulation. Perhaps the view Greece could walk out with a victory was (Read more…)

The Progressive Economics Forum: Grocery Wars: Lessons from Canada’s Changing Retail Landscape

As Target Canada tumbled into bankruptcy, Loblaw announced that its fourth-quarter profits more than doubled. What can be learned from this tale of two retailers?

The main reason for Loblaw’s surge was its acquisition of Shoppers Drug Mart last March, which turned it into Canada’s largest grocer and pharmacy chain. Shoppers contributed $3 billion to Loblaw’s $11.4 billion take in sales, a 50% jump. Profits more than doubled from the previous year as Loblaw also saw cost savings from the merger. The irony behind this success story is that it was likely Target’s arrival on the retail (Read more…)

The Disaffected Lib: The Germans Get It. When Will We?

Sixty per cent of Germans believe that capitalism is the cause of poverty and hunger and that real democracy can’t be realized under that economic system.  It seems they’re not fond of market fundamentalism and neoliberalism.  In fact, they see straight through it.

You might have thought that Germans who live in Europe’s economic powerhouse would be true free market capitalists.  You would be wrong.

The survey found that more than 60 percent of Germans believe there is no genuine democracy in their country because industry has too much political influence and that the voice of the voters plays only (Read more…)

Parchment in the Fire: Iceland’s Supreme Court Upholds Jail Sentences of Four Banking Executives

Filed under: Capitalism, Crisis, Europe Tagged: Financial crisis, Iceland