Bill Longstaff: Escaping the growth trap

The recent meeting of the G20 finance ministers and central bank governors in Washington resulted in the usual conversation about economic growth—the need for more of it. That we are exhausting our planet’s resources faster than it can replenish them, that we are sucking it dry, did not apparently make the agenda. There seemed little ...

Bill Longstaff: Escaping the growth trap

The recent meeting of the G20 finance ministers and central bank governors in Washington resulted in the usual conversation about economic growth—the need for more of it. That we are exhausting our planet’s resources faster than it can replenish them, that we are sucking it dry, did not apparently make the agenda. There seemed little ...

Michal Rozworski: Beltway Bullshit, my interview with JW Mason on Bernie’s economics

My interview with JW Mason on how wonk critics of Sanders’ economic ideas reinforce low expectations was transcribed for Jacobin under the great title, “Beltway Bullshit.” Michal Rozworski: There’s been a big debate recently around Bernie Sanders’s economic ideas. It was precipitated by Gerald Friedman’s claim that Sanders’s plans would lead to 5 percent nominal economic growth over a ...

Bill Longstaff: Mister Trudeau and the impossible dream

Oh, if only the economy could grow forever. We could buy more stuff tomorrow and more the day after tomorrow, and in their time our children could buy even more, and our grandchildren yet more again. There would be no limits. This is the future our leaders envision, the future they dream of. When they ...

Bill Longstaff: Mister Trudeau and the impossible dream

Oh, if only the economy could grow forever. We could buy more stuff tomorrow and more the day after tomorrow, and in their time our children could buy even more, and our grandchildren yet more again. There would be no limits. This is the future our leaders envision, the future they dream of. When they ...

Michal Rozworski: Podcast: The return of the modernist left

http://rozworski.org/wp-content/uploads/2016/01/Podcast160118-Modernist-left.mp3   In the past few years, what has been loosely called the modernist left has seen some revival. Whether coming out of the ultimate failures of the Occupy movement, dissatisfaction with moralistic lifestyle politics or an attempt to analyze the current conundrum of moribound but hegemonic capitalism, some have returned to the idea of ...

Michal Rozworski: Podcast: The return of the modernist left

http://rozworski.org/wp-content/uploads/2016/01/Podcast160118-Modernist-left.mp3   In the past few years, what has been loosely called the modernist left has seen some revival. Whether coming out of the ultimate failures of the Occupy movement, dissatisfaction with moralistic lifestyle politics or an attempt to analyze the current conundrum of moribound but hegemonic capitalism, some have returned to the idea of ...

Things Are Good: Community-Owned Green Businesses Seeing Great Growth

Community-Owned sustainable energy companies aren’t new, but they are successful! One of the reasons Germany’s push to a sustainable energy grid has worked is that local community own and operate solar farms, wind farm, and so on. Now that citizen-empowering model is According to a new report from the United Nations Environment Program (UNEP), there ...

The Disaffected Lib: Connecting the Dots on Climate Change

One of the biggest failures in climate change reporting is the tendency to focus on particular aspects without considering the bigger picture.  What does sea level rise have to do with droughts or floods?  What is the role of changing ocean circulation patterns?  How do these impacts all factor into our rapidly changing jet stream ...

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 light of recent ...

Bill Longstaff: Conference Board illustrates folly of conventional economic metrics

Once again conventional measurement has painted a warped view of our economic well-being. Relying principally on growth in the GDP sense, The Conference Board of Canada applauds the oil and gas rich provinces—Alberta, Saskatchewan, Newfoundland and Labrador—for being the country’s top economic performers. In the short term they are: highest GDP growth, highest employment growth, ...

The Disaffected Lib: The Cult of Living Large

2015, we’re told, is the year the developed world (that’s us) and the emerging economies (China, India, etc., etc., etc.) will close ranks to formulate an effective plan of action to fight climate change.  It’s going to be Kyoto on steroids, a true hallelujah moment, a meeting of minds, a global joining of hands, a ...

Political Eh-conomy: Legislating a real raise: Minimum wages and real earnings growth

In a recent post titled, “What happened to the distribution of real earnings during the recession?”, Stephen Gordon presents a graphs that shows some significant growth in real (adjust for inflation) earnings in Canada between 2007 and 2012. In addition, plotting average annual growth rates in real earnings against the distribution of earnings, the graph ...

Molly'sBlog: CAN CHINA INNOVATE ?

CAN CHINA INNOVATE ?     The immense weight of China dominates much economic prognostication these days. Will it overtake the USA and become the dominant power of this century ? What are its strengths and weaknesses ? In the November 18 edition of Time Magazine Michael Schuman looks at this question from the perspective of China’s ...

Molly'sBlog: CAN CHINA INNOVATE ?

CAN CHINA INNOVATE ?     The immense weight of China dominates much economic prognostication these days. Will it overtake the USA and become the dominant power of this century ? What are its strengths and weaknesses ? In the November 18 edition of Time Magazine Michael Schuman looks at this question from the perspective of China’s ...

Bill Longstaff: Calgary—sprawl or planning?

During the recent Calgary election campaign, two visions of the city’s future development vied for attention. One, presented by Calgary’s mayor, Naheed Nenshi, was about planning growth to ensure a sustainable city. The other, presented by a group of home builders and their hired gun, Preston Manning of the Manning Institute, was about leaving growth ...

The Disaffected Lib: "When Wealth Disappears"

The chief economist of HSBC. Stephen D. King, says we’re in for a dose of reality – the best days are no longer ahead of us.   Growth-driven prosperity, as most of us have known it our entire lives, has run its course. From the end of World War II to the brief interlude of ...

Bill Longstaff: The need for a global no-growth agreement

Trade agreements are all the rage among nations these days. And that might not be a bad thing if they were principally about trade rather than about empowering corporations at the expense of workers and governments. In any case, what the world really needs is not global trade agreements but a global no-growth agreement. Sensibly, ...

The Disaffected Lib: Living Within Our Skin

It’s a core tenet of our Western industrial/capitalist/democratic orthodoxy that something in the range of 3% annual economic growth is the benchmark of a healthy society.   That’s 3% compounded growth. Now let’s take a span of 50-years, roughly one adult lifetime.  Let’s say the economy stood at 100X at the beginning of that period and ...

The Scott Ross: How A Bad Economy Is Not Harper’s Fault

Canada’s economy is set to grow less than the government thought, but it’s not our Prime Minister’s fault. True under Stephen Harper the World Bank has downgraded Canada from being the 4th most Business Friendly country in 2006 to 17th in 2013, but, as most Conservatives know, businesses have nothing to do with the Canadian ...

The Disaffected Lib: Achieving a Steady State Economy for Canada

What if the way forward isn’t?   What if it’s time for us to turn around, to go back? James Lovelock said the future of mankind, if there is to be one, will require that we accept, not sustainable growth, but sustainable retreat.   We need to grow smaller.  It’s not a matter of choice either. There ...

Boreal Citizen: From the mouths of Muppets: Why climate solutions are “simply not done”

Last month, while reading and reviewing Too Much Magic, I came across a line in the latter half of the book that really stung: “Not even people who are preoccupied with climate change like to think about it anymore.” It hurts because it’s true. I’m tired, and disheartened by the snail’s pace of climate progress. ...

Things Are Good: Ontario Demands Less Energy Despite Economic Growth

The only region in North America that expects a decrease in power consumption is Ontario and it’s all thanks to energy conservation initiatives. This is really great because it proves that energy efficiency policies can make a difference in how much energy is required to power a growing economy. What’s even better is that decrease ...

The Scott Ross: Conservative Canada Is Closer To Crisis

Referenced IMF data can be found here   Canada’s increasing Debt-to-GDP ratio is a problem no one is talking about. While the country’s gross government debt (which includes all levels of government) is large, it is rising faster than our ability to pay for it, and is returning to heights not seen since Canada’s debt crisis ...

The Scott Ross: The Conservative Economic Record

Sept 2012: Unemployment is up at 7.4%; it has been increasing since June while American unemployment has only gone down. July 2012: Worst trade deficit ever in Canadian history at $2.3 billion. 2012: GDP growth rate is declining (PDF pg 22). Canada is no longer the fastest growing economy in the G7; it is now ...