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The Disaffected Lib: The Anchor Around Our Necks – Neoliberalism

Modern neoliberalism, of the Hayek and Friedman schools, has been defined as “capitalism with the gloves off.”  Today it’s a term associated with laissez-faire capitalism, deregulation and free trade.

Neoliberalism has made deep inroads into our federal body politic.  Stephen Harper is a disciple.  Our opposition leaders appear less neoliberal than their prime minister but it could be argued that is a matter of degree.

Few dare mention it but the spread of neoliberalism has ushered in the rise of corporatism at the direct expense of social democracy.  Nowhere is this more obvious than at our Head Office, (Read more…)

Joe Fantauzzi: Why I Stopped Calling Myself A Progressive

Progress can mean a lot of things. The achievement by marginalized people of social citizenship. Collective movement toward big goals that make life better on a societal scale. State intervention with the aim of lessening the burden caused by the market. Smoke from an oil field and tailing ponds as the economy chugs along. Progressivism is typically identified […]

Parchment in the Fire: Youth unemployment reaches record high – English – ANSA.it

Youth unemployment reaches record high – English – ANSA.it.

(ANSA) – Rome, July 31 – Unemployment among young Italians climbed last month to 43.7%, a level not seen in 37 years, according to statistics Thursday that presented further evidence of the continuing weakness in the country’s lackluster economy.

The jobless rate among Italians aged 15 to 24 rose from a revised 43.1% in May, said national statistical agency Istat, adding that June’s level of 43.7% was the highest since it began keeping quarterly jobs statistics in 1977.

“The economic situation is less than favourable,” said Economy (Read more…)

Left Over: Desperation and Distraction, but a Little Satisfaction?

 

http://montrealsimon.blogspot.ca/2014/07/the-increasing-desperation-of-stephen.html

Two things have me momentarily distracted these days, and both are all about the lack of traction that the Cons are getting from attacking both Junior and the NDP..vis a vis the ‘scandal’ that never was re their supposed illegal Parliamentary postal charge avoidance..what happened with that? Sadly (IMHO) the NDP are falling in the polls, yes, but I think that redemption may be at hand, at least in the form of continuing to be the Loyal Opposition after Junior’s team get elected..yes, I fear the writing is on the wall, I (Read more…)

Joe Fantauzzi: IV. Zone of Indeterminacy: Interdiction concerning the enclosure of the Social Commons

Here, I have taken up the enclosure of the Social Commons. And here, I have attempted to locate those shunted aside by the austerity agenda. In this post, I attempt to describe the zone of indeterminacy into which those cast aside by austerity have been and are to be consigned. The point, I submit, is that the […]

Joe Fantauzzi: IV. Zone of Indeterminacy: Interdiction concerning the enclosure of the Social Commons

Here, I have taken up the enclosure of the Social Commons. And here, I have attempted to locate those shunted aside by the austerity agenda. In this post, I attempt to describe the zone of indeterminacy into which those cast aside by austerity have been and are to be consigned. The point, I submit, is that the […]

Parchment in the Fire: It’s Time To Stand Up To Troika Austerity Part II

It’s Time To Stand Up To Troika Austerity Part II.

Thomas Fazi

In the first part of this article I looked at the mounting evidence against austerity by organisations as varied as Caritas, the ILO, the Council of Europe and the IMF. So why is the European establishment pushing for more of the same?

Social and economic misery and despair, growing inequality, dwindling public services, loss of hope and ballooning debts: this is austerity’s scorched-earth legacy. And yet, in a telling demonstration of the extent of their dangerous ideological fanaticism, Europe’s austerity zealots insist that Europe needs ‘more austerity’.

Take (Read more…)

Bill Longstaff: Can capitalists save capitalism?

Prominent Harvard economist Lawrence Katz illustrates the American economy with an amusing analogy. He depicts it as an apartment block in which the penthouses have increased in size, the middle apartments are increasingly squeezed and the basement is flooded. But what gets people down the most, he says, is that the elevator is broken.

Katz’s analogy applies particularly to the U.S., the most

Parchment in the Fire: Capital, Labour, and the Eurozone Crisis

Most of the coverage regarding the Eurozone crisis has understandably focused on the politics of austerity. Less attention, however, has been paid to the longer term trends in the industrial relations of those countries hardest hit by the crisis: Portugal, Italy, Ireland, Greece and Spain; the so-called PIIGS countries.

Recent data from the European Industrial Relations Observatory reveals some interesting trends in the relationship between capital and labour in the context of the Eurozone crisis. More specifically, it reveals a trend towards declining labour costs and rising labour productivity, meaning that the so-called ‘recovery’ is being constructed by squeezing workers, (Read more…)

Joe Fantauzzi: Open Letter To Council Requesting Affirmation Of Toronto As A Sanctuary City

Dear Deputy Mayor, Councillors and city staff. My name is Joe Fantauzzi. I’m a resident of Toronto and first generation Canadian. My family immigrated to this country from Italy in 1957, fleeing a region of that nation torn by the Second World War. My family was lucky. Low-skilled urban labour was in demand at the time […]

Joe Fantauzzi: Open Letter To Council Requesting Affirmation Of Toronto As A Sanctuary City

Dear Deputy Mayor, Councillors and city staff. My name is Joe Fantauzzi. I’m a resident of Toronto and first generation Canadian. My family immigrated to this country from Italy in 1957, fleeing a region of that nation torn by the Second World War. My family was lucky. Low-skilled urban labour was in demand at the time […]

Bill Longstaff: Mark Carney on capitalism eating its children

Mark Carney, Governor of the Bank of England, formerly Governor of the Bank of Canada, isn’t exactly your average leftie. Indeed, bank governors tend to turn up on the opposite end of the political spectrum. Nonetheless, Mr. Carney, at a speech last week to the Conference for Inclusive Capitalism, sounded a bit like the Occupy Movement.

Linking the 2008 financial crisis and the resulting

Dead Wild Roses: Greenwashing Capitalism – Doomed to Fail

This is what we get for not changing the system that is killing us – a half-assed, piecemeal romp toward oblivion.

 

“Richard Smith, in a tour de force paper published in the Real-World Economics Review, “Green capitalism: the god that failed,” summed up the dilemma:

“[T]he problem is not just special interests, lobbyists and corruption. … [Under] capitalism, it is, perversely, in the general interest, in everyone’s immediate interests to do all we can to maximize growth right now, therefore, unavoidably, to maximize fossil fuel consumption right now — because practically every job in the country (Read more…)

Parchment in the Fire: Savage capitalism is back – and it will not tame itself | David Graeber | Comment is free | The Guardian

Savage capitalism is back – and it will not tame itself | David Graeber | Comment is free | The Guardian.

Occupy Wall Street protesters in New York’s Times Square. ‘A miserly 1% are presiding over a social order marked by increasing social, economic and even technological stagnation.’ Photograph: Mario Tama/Getty Images

Back in the 90s, I used to get into arguments with Russian friends about capitalism. This was a time when most young eastern European intellectuals were avidly embracing everything associated with that particular economic system, even as the proletarian masses of their countries remained deeply suspicious. Whenever (Read more…)

Dead Wild Roses: Turkish Canaries – Capitalism Doing What it Does Best

The general capitalist framework sets up people and resources for exploitation. Without a strong social democratic counterweight to capitalist exploitation we necessarily get the tragic results as exemplified by the mine disaster in Soma, Turkey.

“Turkish police are investigating 18 people, including mining company executives and personnel, as part of the probe into the Soma mining disaster, local media had reported.

The arrests on Sunday came after the government promised a thorough investigation into the deaths of 301 miners last week. According to the private Dogan news agency, prosecutors are questioning five of those being held.”

Three hundred (Read more…)

The Progressive Economics Forum: Not Trickledown But Gush-Up

“Trickledown hadn’t worked. But Gush-Up certainly has. That’s why in a nation of 1.2 billion, India’s one hundred richest people own assets equivalent to one fourth of the GDP.” [Yesterday's election results only promise to worsen that.] That’s how the extrordinary writer-and-activist Arundhati Roy, one of the world’s leading public intellectuals, describes contemporary capitalism in her new collection of essays titled Capitalism: A Ghost Story after the first and longest essay.

It’s hardly surprising that there are some most quotable quotes.

Minerals are a major export. “India’s new megacorporations…are those that have managed to muscle their way (Read more…)

Parchment in the Fire: Hundreds of protesters arrested in Brussels as business leaders debate ‘maintaining citizen’s trust’ | EurActiv

Hundreds of protesters arrested in Brussels as business leaders debate ‘maintaining citizen’s trust’ | EurActiv.

Filed under: Capitalism, Democracy, Europe Tagged: Eurozone, TTIP

Bill Longstaff: Students instruct teachers to bring economics into the real world

Following the Second World War, Western nations embarked on securing the welfare state as a balance to the capitalist market economy, the result of which was the most prosperous and equitable societies ever known. The most influential economist through this period was Britain’s John Maynard Keynes with his prescription of a sensible balance between government and industry involvement in economic

Writings of J. Todd Ring: Corporatism, capitalism and real alternatives: On the power to choose our destiny

Corporatism is simply a more virulent form of capitalism – or a late stage of capitalism: it is what happens when capitalism is left unchecked, to run its own course. First comes the tendency towards ever-increasing concentrations of money, resources and economic power under a capitalist economy, as Marx rightly predicted; then comes crony capitalism, […]

Melissa Fong: How to ABUSE Canadian Citizenship: Blame Temporary Foreign Workers for problems of a global Capitalist Economy

How to ABUSE Canadian Citizenship: Blame Temporary Foreign Workers for problems of a global Capitalist Economy: Once again, the media uses the wrong gaze to look at a program that does […]

The Progressive Economics Forum: Why France’s Economic Problems Matter

I’ve had the good fortune to live in France for the past 10 months on a year-long sabbatical and therefore been able to witness firsthand the travails of the Socialist government as it wrestles with the country’s economic woes.

Indeed, the unpopularity of president Francois Hollande was exposed a couple of weeks ago after nation-wide municipal elections when his party and the left got routed, while the right and far-right triumphed.

Hollande responded by firing his prime minister and replacing him with the charismatic interior minister, Manuel Valls. Yet Valls comes from the right-wing of the Socialist Party, even calling (Read more…)

Joe Fantauzzi: Ontario’s neoliberalism: Coercive, Intense

Do you ever wonder why policing budgets rise in Ontario when the crime rate falls? At Illuminated By Street Lamps, I argue Ontario has been, and remains, among the jurisdictions at the forefront of a business-friendly neoliberal agenda in Canada, despite rising structural unemployment, major challenges in the core manufacturing sector and a drop to a […]

Joe Fantauzzi: Ontario’s neoliberalism: Coercive, Intense

Do you ever wonder why policing budgets rise in Ontario when the crime rate falls? At Illuminated By Street Lamps, I argue Ontario has been, and remains, among the jurisdictions at the forefront of a business-friendly neoliberal agenda in Canada, despite rising structural unemployment, major challenges in the core manufacturing sector and a drop to a […]

Political Eh-conomy: Whose efficiency? what efficiency?

Efficiency is formidable. It rears its head most everywhere. Witness the tyranny of the target at more and more workplaces: from more greets per hour to more exam points per teacher. At the same time, efficiency also nurtures increasing tyrannies at home: get fit in 12 minutes per day instead of 15…but don’t waste those 3 saved minutes, other efficiencies await!

The ruthless search for efficiencies is everywhere, whether in reality or in slogans, corporate reports or government policies. When, for example, workers are fired or fossil fuel pipelines are planned in the name of efficiency, we want to question (Read more…)

drive-by planet: Famous last words