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Accidental Deliberations: Monday Morning Links

Miscellaneous material to start your week.

- Larry Elliott writes that at least some business leaders are paying lip service to the idea that inequality needs to be reined in. But Alec Hogg points out that at least some of the privileged few are using their obscene wealth to remove themselves from the rest of humanity, rather than lifting a finger to help anybody else.

- Meanwhile, Joseph Stiglitz observes that sheer stubborn stupidity on the part of austerians is doing untold damage to the global economy. But Jon Henley notes that in advance of Syriza’s election victory, a new (Read more…)

Accidental Deliberations: Thursday Morning Links

This and that for your Thursday reading.

- Duncan Exley points out that the UK has nothing to be proud of when it comes to income inequality. And Bill Curry reports on the Cons’ full awareness that the temporary foreign worker program was both taking jobs away from Canadian youth, and allowing employers to pay far less for foreign labour.

- DSWright highlights how Joseph Stiglitz appears to have been rejected by Republicans for a position advising on the U.S. financial system solely because he’s dared to express the opinion that regulators shouldn’t see their job as catering to (Read more…)

Accidental Deliberations: Tuesday Morning Links

This and that for your Tuesday reading.

- Sam Pizzigati interviews Richard Wilkinson and Kate Pickett about the fight against inequality and the next piece of the puzzle to be put in place: [Pickett:]…In The Spirit Level, we have all these correlations between inequality and social problems, and we have theories and hypotheses about what is driving these correlations. But we didn’t know then whether or not the drivers we hypothesized — things like status anxiety — were actually higher in more unequal countries. Now those kinds of data are being used increasingly in psychological research. (Read more…)

Accidental Deliberations: Sunday Afternoon Links

This and that for your Sunday reading.

- Alex Himelfarb writes about the corporate push to treat taxes as a burden rather than a beneficial contribution to a functional society – and why we should resist the demand to slash taxes and services alike: How is it that we don’t now ask of these tax cuts upon tax cuts: What will be the consequences for these public goods, goods that most of us continue to value, that demonstrably contribute to the general welfare? In part the answer may be that we devalue public goods because they are not priced and (Read more…)

Accidental Deliberations: Tuesday Morning Links

This and that for your Tuesday reading.

- Lynn Parramore interviews Joseph Stiglitz about the spread of inequality, along with the need for a strengthened labour movement to reverse the trend: LP: In your paper, you indicate that the power of the 1 percent to exploit the rest seems to be increasing. Why is this happening? Are there limits to this exploitation?

JS: In a more careful, academic way of putting it I would say that one of the explanations of what is going on is increased exploitation. You see the ratio of wages to productivity going way down, and (Read more…)

Accidental Deliberations: Wednesday Morning Links

Miscellaneous material for your mid-week reading.

- The 25th anniversary of Parliament’s unanimous – if failed – commitment to eliminate child poverty has given rise to plenty of worthwhile commentary. Marco Chown Oved talks to Ed Broadbent about what the resolution meant at the time (as well as how it came to be ignored), while also interviewing social justice advocates about the need to effective start from scratch now. And Olivia Carville explores one life which could have been changed for the better if Canada had made good on its promise.

- Meanwhile, Dennis Raphael discusses the need to combat (Read more…)

Accidental Deliberations: Monday Morning Links

Miscellaneous material to start your week.

- The Star points out what the Cons have destroyed – including public assets and program spending – in order to chip away at the federal deficit caused in the first place by their reckless tax slashing. And Thomas Walkom discusses how their latest “job” scheme does nothing but handing free money to businesses, while Angella MacEwen notes that Canada as a whole is hundreds of thousands of jobs short of reaching its pre-recession employment rate.

- Meanwhile, Bruce Cheadle writes that the Cons’ attempt to build an economy solely around resource exploitation has (Read more…)

Accidental Deliberations: Sunday Morning Links

Assorted content for your Sunday reading.

- The Tyee’s recent series on important sources of inequality is well worth a read, as Emily Fister interviews Andrew Longhurst about precarious work and Sylvia Fuller about the role of motherhood.

- David Cole asks just how corrupt U.S. politics have become, while Frances O’Grady observes that U.K workers don’t believe for a second that their employer can’t afford to pay living wages. Robert Reich sees Detroit as a prime example of wealthy individuals shirking their responsibility to pay for the public goods they enjoy. And Joseph Stiglitz notes that gross (Read more…)

Accidental Deliberations: Saturday Morning Links

Assorted content for your weekend reading.

- Joseph Stiglitz writes that while we should expect natural resources to result in broad-based prosperity, Australia (much like Canada) is now turning toward the U.S. model of instead directing as much shared wealth as possible toward the privileged few: There is something deeply ironic about Abbott’s reverence for the American model in defending many of his government’s proposed “reforms.” After all, America’s economic model has not been working for most Americans. Median income in the US is lower today than it was a quarter-century ago – not because productivity has been (Read more…)

Accidental Deliberations: Saturday Morning Links

This and that for your weekend reading.

- Joseph Stiglitz wraps up the New York Times’ series on inequality by summarizing how the gap between the rich and the rest of us developed, as well as how it can be reduced: The American political system is overrun by money. Economic inequality translates into political inequality, and political inequality yields increasing economic inequality. In fact, as he recognizes, Mr. Piketty’s argument rests on the ability of wealth-holders to keep their after-tax rate of return high relative to economic growth. How do they do this? By designing the rules of the game (Read more…)

Accidental Deliberations: Tuesday Morning Links

This and that for your Tuesday reading.

- Gary Engler explores Thomas Piketty’s Capital in the Twenty-First Century from the perspective of a reader who’s far more skeptical than Piketty about the prospect of tinkering around the edges of our current corporatist economic system. And Seth Ackerman writes that Piketty’s observations look like compelling evidence challenging the doctrine of marginal productivity theory which is taken as an article of faith by laissez-faire fundamentalists.

- Meanwhile, Bill Moyers interviews Joseph Stiglitz about corporate tax evasion. And Michael Madowitz points out what we should have learned about austerity economics by now: There (Read more…)

Accidental Deliberations: Friday Morning Links

Assorted content to end your week.

- Joseph Stiglitz offers his suggestions (PDF) for a tax system which would encourage both growth and equality: Tax reform…offers a path toward both resolving budgetary impasses and making the kinds of public investments that will strengthen the fundamentals of the economy. The most obvious reform is an increase in the top marginal income tax rates – this would both raise needed revenues and soften America’s extreme and harmful inequality. But there are also a variety of other effective possible reforms related to corporate taxation, the estate and inheritance tax, environmental taxes, and (Read more…)

Accidental Deliberations: Friday Morning Links

Assorted content to end your week.

- Linda McQuaig writes that while the Cons don’t want to bother listening to the public about much of anything, they’ll always make time for a disgraced former advisor lobbying on behalf of oil barons: In…new RCMP allegations,… [Bruce] Carson was working for the Energy Policy Institute of Canada (EPIC), described in the media as a “non-profit group formed by business organizations in the energy sector.”

This rather benign description fails to convey what EPIC really is: a lobbying vehicle for dozens of extremely wealthy, powerful fossil fuel companies, including Enbridge, Imperial (Read more…)

Accidental Deliberations: Sunday Morning Links

This and that for your Sunday reading.

- Eduardo Porter writes about the rise of inequality in the U.S., while Tracy McVeigh reports on the eleven-figure annual cost of inequality in the UK. And Shamus Khan discusses the connection between inequality and poverty – as well as the policy which can do the most to address both: While a tiny fraction of Americans enjoy almost all the spoils of our national growth, the majority of Americans have a radically different experience. About 40 percent of Americans will live in poverty at some point in their lives, and many (Read more…)

Accidental Deliberations: Sunday Morning Links

Assorted content for your Sunday reading.

- Michael Hiltzik writes about the efforts of the corporate sector – including the tobacco and food industries – to produce mass ignorance in order to preserve profits: Proctor, a professor of the history of science at Stanford, is one of the world’s leading experts in agnotology, a neologism signifying the study of the cultural production of ignorance. It’s a rich field, especially today when whole industries devote themselves to sowing public misinformation and doubt about their products and activities.

The tobacco industry was a pioneer at this. Its goal was to erode public (Read more…)

Cowichan Conversations: The Gross Domestic Product (GDP) Is A Flawed Tool

Rob Douglas

A couple of weeks ago, it was reported that Canada’s economy had grown by a modest 0.2 per cent during the last month on record, the fifth consecutive month of growth.

This was greeted as good news, as we define a healthy economy as a growing economy, and track our success with a tool called the gross domestic product – or GDP.

GDP measures the total value of all goods and services produced in a country within a specific period of time, such as a quarterly or annual basis.

For example, every time a grocery store sells (Read more…)

Accidental Deliberations: Sunday Afternoon Links

Assorted content for your Sunday reading.

- Joseph Stiglitz discusses the link between perpetually-increasing inequality and the loss of social trust: Unfortunately, however, trust is becoming yet another casualty of our country’s staggering inequality: As the gap between Americans widens, the bonds that hold society together weaken. So, too, as more and more people lose faith in a system that seems inexorably stacked against them, and the 1 percent ascend to ever more distant heights, this vital element of our institutions and our way of life is eroding.

The undervaluing of trust has its roots in our most popular economic traditions. (Read more…)

Northern Insight: Investment in society and in human beings?

A paper published in the journal International Political Science Review considered if the International Monetary Fund (IMF) was “Democracy’s Friend or Foe.” It noted that reforms required by the American based IMF, “may create an economically and politically marginalized population whose government is unwilling or incapable of responding to their needs. This may undermine the legitimacy of democracy for those who are marginalized…”

The article said research showed a declining proportion of Latin Americans preferred democracy to any other form of government. In emerging economic powerhouse Brazil, citizens of the world’s fifth most populated country showed only (Read more…)

Accidental Deliberations: Tuesday Morning Links

This and that for your Tuesday reading.

- Joseph Stiglitz reminds us that inequality isn’t an inevitability, but a choice favoured (and lobbied for) by the few who want to remove themselves from the general public: (W)idening income and wealth inequality in America is part of a trend seen across the Western world. A 2011 study by the Organization for Economic Cooperation and Development found that income inequality first started to rise in the late ’70s and early ’80s in America and Britain (and also in Israel). The trend became more widespread starting in the late ’80s. Within the last (Read more…)

Politics and its Discontents: Joseph Stiglitz On Income Inequality

Nobel Memorial Prize-winning economist Joseph Stiglitz recently gave a powerful speech at the annual AFL-CIO convention in Los Angeles. Watching this video leaves one little choice but to feel a deep dissatisfaction with the status quo:

Recommend this Post

Accidental Deliberations: Monday Morning Links

This and that for your Labour Day reading.

- Jared Bernstein writes about the fight for fair wages in the U.S. fast food and retail industries. And Karen McVeigh notes that political decision-makers are starting to try to get in front of the parade of workers seeking a reasonable standard of living: Organisers said the strikes, scheduled a day after the 50th anniversary of the March on Washington and a few days before Labor Day, were being held in 60 cities and had spread to the south – including Tampa and Raleigh – and the west, with workers in (Read more…)

Accidental Deliberations: Wednesday Morning Links

Miscellaneous material for your mid-week reading.

- Joseph Stiglitz comments on the wider lessons we should take from Detroit’s bankruptcy: Detroit’s travails arise in part from a distinctive aspect of America’s divided economy and society. As the sociologists Sean F. Reardon and Kendra Bischoff have pointed out, our country is becoming vastly more economically segregated, which can be even more pernicious than being racially segregated. Detroit is the example par excellence of the seclusion of affluent (and mostly white) elites in suburban enclaves. There is a rationale for battening down the hatches: the rich thus ensure that they don’t (Read more…)

Accidental Deliberations: Monday Morning Links

Miscellaneous material to start your week.

- Murray Dobbin writes about the crisis of extreme capitalism: (T)he “free economy” romanticized by Friedman and his ilk is anything but. Completely dominated by giant corporations whose wealth outstrips all but the richest nations, economic freedom does not exist for anyone else, including the vast majority of businesses who are at the mercy of financial institutions and mega-corporations. This is to say nothing of workers whose “freedom” to sell their labour now means they are free to compete with those who earn a few dollars a day thousands of miles away from their (Read more…)

Accidental Deliberations: Saturday Afternoon Links

Assorted content for your weekend reading.

- Joseph Stiglitz makes the case for free trade talks to be based on the public interest rather than the further entrenchment of corporate power and siphoning of wealth to the top. But there’s little reason to expect a meeting of corporate and government figures to produce that result – particularly when (as the New York Times editorial board points out) the main area of agreement between the U.S.’ main political parties involves a mutual willingness to make public services and regulatory bodies subservient to the immediate interests of the business (Read more…)

Accidental Deliberations: Tuesday Morning Links

This and that for your Tuesday reading…

- Joseph Stiglitz discusses the abuse of intellectual property law to turn publicly-funded research into privately-held profit centres (no matter how many people die as a result): (A) Utah-based company, Myriad Genetics, claims more than that. It claims to own the rights to any test for the presence of the two critical genes associated with breast cancer – and has ruthlessly enforced that right, though their test is inferior to one that Yale University was willing to provide at much lower cost. The consequences have been tragic: Thorough, affordable testing that identifies high-risk (Read more…)