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The Progressive Economics Forum: G20 meeting of world finance ministers too little too late

Posted earlier as an opinion piece for CBC. See original post here (this post slightly modified from original)

By Louis-Philippe Rochon

Follow him on Twitter @Lprochon

 

Much was at stake earlier this week when finance ministers from G20 countries met in Istanbul to discuss Greece and the state of the world economy in . . . → Read More: The Progressive Economics Forum: G20 meeting of world finance ministers too little too late

Bill Longstaff: The G-20’s failure on growth

There are, in my humble opinion, two overwhelming threats to humanity, either one of which will undermine global civilization if not dealt with adequately and quickly. The recent G-20 conference dealt with one—climate change—but not only ignored the other, it pushed us further down that path to Armageddon.

Article 19 of the Leaders’ Communiqué from . . . → Read More: Bill Longstaff: The G-20’s failure on growth

Bill Longstaff: Will the tax man catch up to the corporate slackers?

Globalization as we have come to know and love it is misnamed. As it advantages corporations while disadvantaging workers and governments, it might more appropriately be called corporatization or some such thing.

Among its sins, it allows corporations to escape the democratic confines of the nation state and it allows corporations to blackmail nations into . . . → Read More: Bill Longstaff: Will the tax man catch up to the corporate slackers?

LeDaro: Dinner for leaders attending G-20 in St. Petersburg, Russia

Syrian war and killings, violence in Egypt, Iraq, Afghanistan and on and on. In the meantime dinner for leaders in St. Petersburg, Russia. Nice setting, eh! Wars are for the poor and unemployed.

HIGH-PROFILE DINNER: A dinner setting for G-20 leaders was placed on a table before a dinner at Konstantin palace in St. . . . → Read More: LeDaro: Dinner for leaders attending G-20 in St. Petersburg, Russia

LeDaro: Barack Obama and Valdimir Putin meet

The picture below depicts their meeting better.

They’re smoking happy.:)

LeDaro: Obama meets Putin at G20

Looks cordial? The heading should be ‘Obama passes by Putin’.:)

Visit NBCNews.com for breaking news, world news, and news about the economy

. . . → Read More: LeDaro: Obama meets Putin at G20

The Progressive Economics Forum: The G-20, Global Stagnation and the Option of Wage Led Growth

Here is the link to a short piece I wrote for Economy Lab.

It borrows from and includes the link to an important paper co-authored by the PEF’s own Marc Lavoie and recently published by the ILO , which I highly recommend. The overall conclusion of that paper is that a shift from profits to . . . → Read More: The Progressive Economics Forum: The G-20, Global Stagnation and the Option of Wage Led Growth

The Progressive Economics Forum: Polozogistics: Nine Thoughts About the Choice of the New Bank of Canada Governor

 

1. He’s Number Two: Stephen Poloz was widely acknowledged in economic and political circles as the second-best choice for the top job at the Bank of Canada. So the surprise was not that he was chosen. The surprise was, Why Not Tiff Macklem? Will someone please find out and tell the rest of us?

. . . → Read More: The Progressive Economics Forum: Polozogistics: Nine Thoughts About the Choice of the New Bank of Canada Governor

The Progressive Economics Forum: Strong public support for financial transaction taxes

An international poll commissioned by the International Trade Union Confederation found very strong support in many countries, including Canada, for the introduction of Financial Transactions Taxes (FTTs), such as the Robin Hood Tax. Trade unions provided results of this poll in their meetings with world leaders at the G20 meetings in Los Cabos, Mexico.

Despite . . . → Read More: The Progressive Economics Forum: Strong public support for financial transaction taxes

The Progressive Economics Forum: Canada, the IMF and the G20

The Harper government decided to attack Thomas Mulcair on the issue of Canadian support for additional IMF resources to deal with the euro area crisis, implying that Canadian taxpayers should not be asked to “bail out” a rich area of the world.

As recounted in Macleans here, on June 8, “Before QP yesterday, the Conservatives . . . → Read More: The Progressive Economics Forum: Canada, the IMF and the G20

The Progressive Economics Forum: A New Stage of the Crisis?

Until quite recently, it seemed that the global economy was set for an extended period of stagnation, lacking an obvious engine of growth in the advanced economies as households deleveraged, as governments imposed harsh fiscal austerity programs, and as corporations failed to see any good reason to invest significantly in new capacity. Relative optimists could . . . → Read More: The Progressive Economics Forum: A New Stage of the Crisis?

The Progressive Economics Forum: Canada – The Petrotyranny

The revelations over how the federal Tories used a robo-calling firm (or firms) to contact voters in possibly 30 or more ridings during last year’s election – misleading them about where polling stations were located – is just another example of the Harper government’s undemocratic tactics. This is on top of their new on-line surveillance . . . → Read More: The Progressive Economics Forum: Canada – The Petrotyranny

The Progressive Economics Forum: Souvenirs de Cannes

I was in Cannes last week with CLC President Ken Georgetti for the G20 Labour Summit. (I know, tough job.) This event was arranged by the International Trade Union Confederation with the support of the French Presidency of the G20. Our group as a whole, consisting of labour leaders from the G20 countries and leaders […] . . . → Read More: The Progressive Economics Forum: Souvenirs de Cannes

350 or bust: Rethinking “Business As Usual”

As the heads of state for the G20 countries gather in Cannes for their annual conference, where the economy will be high on the agenda, I thought it would be fine to contemplate a vision of a post-consumer society, where people work fewer hours. They m… . . . → Read More: 350 or bust: Rethinking “Business As Usual”

The Progressive Economics Forum: IMF Hints at Need for Less Fiscal Austerity and a Plan B for Canada

Albeit in a highly nuanced way, the IMF has called on the G-20 to temper short-term fiscal austerity now that the global economy “has entered a dangerous phase.” In their submission to the October 14-15 meetings of G-20 finance ministers, the IMF call for medium-term fiscal consolidation plans to “create more policy space for near-term […] . . . → Read More: The Progressive Economics Forum: IMF Hints at Need for Less Fiscal Austerity and a Plan B for Canada

The Progressive Economics Forum: The Prime Minister and the G20

Prime Minister Harper’s op ed in the Globe today on his hopes for the Cannes summit is disappointing, even if the content comes as no surprise. His focus is on the danger of a relapse into a global recession precipitated by a worsening of the European financial crisis. This is indeed a hugely important issue which […] . . . → Read More: The Progressive Economics Forum: The Prime Minister and the G20

The Progressive Economics Forum: 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 government and the G20 governments to respond by putting jobs first. This paper summarizes the economic situation as of the end of September, 2011 and […] . . . → Read More: The Progressive Economics Forum: The State of the Economy and Labour’s Response

The Progressive Economics Forum: The G20 and Jobs

The meeting of G20 Labour Ministers in Paris on September 26-27, held in advance of the November G20 Summit in Cannes, reached some conclusions which go some (extremely modest) way toward living up to prior G20 commitments in London and Pittsburgh to promote quality jobs and a more progressive labour market model as part of […] . . . → Read More: The Progressive Economics Forum: The G20 and Jobs

The Progressive Economics Forum: Trade Unions Urge G20 Action on Jobs

I am attending the G20 labour ministers meeting next week, which is being held against the background of high unemployment in the advanced economies, and the prospect – highlighted by the IMF yesterday – for unemployment to increase even further in the months ahead. A key union demand – that the G20 establish an ongoing […] . . . → Read More: The Progressive Economics Forum: Trade Unions Urge G20 Action on Jobs