Several weeks ago, I published a series of blog posts on profitability and investment in Canada since the financial crisis of 2007-8. These were republished as a single long article on Socialist Project and given the title, “Canada’s Profitability and Stagnation Puzzle”. Since them, Sam Gindin has published a reply to my piece, “Puzzle or . . . → Read More: Political Eh-conomy: Transformations in profit and possibilities of resistance: A reply to Sam Gindin
This is the third and final post in what has become a three-part series on the puzzle of high profitability and low investment in the Canadian economy. In the first part, I looked at some data that shows the existence of the puzzle and explored a few of the factors that could be behind it. . . . → Read More: Political Eh-conomy: Austerity and the profitability puzzle: government gives profits a helping hand
Given radioactive wastewater, earthquakes, and flammable tap water, one might think that drilling and fracking could not possibly have any more dirty secrets. But here’s the biggest secret of all: it’s expensive.
With natural gas at historic low prices – the Wall Street Journal ran a column recently suggesting that . . . → Read More: DeSmogBlog: What Chesapeake Energy’s Financial Scandals Mean For The Rest of Us