Yesterday’s release from Statistics Canada on the income share of the wealthy generated some interesting coverage and commentary. It reported that the top 1%’s share of total income in Canada remained steady in 2011 in Canada, at 10.6 percent — but still significantly higher than in the 1980s. Most observers did not mention, however, that this [...]
This week, the United States is celebrating their national holiday, or rather that of the American Dream in its most mercantile, superficial — and bloody — incarnation. Black Friday is the day which unofficially kicks off the holiday shopping …
For the first time in decades, I feel a modicum of optimism about organized religion. The new Pope, Francis, is breaking the centuries-long stultification of the Church through the kinds of pronouncements that reflect its founder’s beliefs and are long overdue. But with views like these, in which he lacerates the conventional wisdom about capitalism, I can only hope that he has a trusted taster for both his food and his drink.
Recommend this Post
The McRib is back. I haven’t been inside a McDonald’s in over a decade, but still there is something alluring about this sandwich’s compulsion to return year after year — a porcine revenant. I vaguely recall lifting up the bun of my first (and …
Last year, Ryerson University, where I teach, won a Passion Capitalist Award. When I first saw this posted on the university website, I thought the Ryerson public relations machine might be dabbling in satire. Sadly, this was real.
Filed under: Politics Tagged: Capitalism, DWR Quote of the Day
In recent discussions within the labour movement in Canada and Quebec, people often overlook the role of media workers in fighting against neoliberal austerity politics and precarious, flexible work. Yet labour activists could learn from, and co…
The conventional wisdom says the private sector determines what gets created, then the marketplace determines success or failure of those products. Mariana Mazzucato says that’s not how it works. She is Professor of Economics and the RM Phillips Chair in Science and Technology Policy at the University of Sussex. Her most recent book is The Entrepreneurial State: debunking private vs. public sector myths. Mariana Mazzucato speaks with Redeye host Lorraine Chisholm.
Check out our Facebook page and like us to get updates.
Young workers are totally en vogue.
Take, for example, Ryerson University’s Centre for Labour-Management Relations’ November conference. They’ve caught on that this young worker thing is pretty hot. The conference is called A New Unionism: …
“Twenty years ago, the North American Free Trade Agreement (NAFTA) was signed into law. At the time, advocates painted a rosy picture of booming U.S. exports creating hundreds of thousands of new jobs, and economic development in Mexico, which would bring the struggling country in line with its wealthier northern neighbors. Two decades later, those […]
Crash! A brief history of modern global capitalism – audio slideshow | Comment is free | theguardian.com.
An amazing slideshow of a century of capitalist development and economic crisis narrated by one of my former professors, Leo Panitch, author of The Making of Global Capitalism.
Filed under: Capitalism Tagged: Austerity, Capitalism, crisis, neoliberalism
The following tweets were originally posted by “Arbitrary Design” on Twitter via “its” account (https://twitter.com/ArbitraryDesign), variously, on March 23, 2013; October 26, 2013; and November 1, 2013.
by “Arbitrary Design”
As originally posted on: Arbitrary Design (ArbitraryDesign) on Twitter
September 7, 2013
Bitcoin is going nowhere. I promise you that it won’t and I’m positive that I won’t be eating my words at a later date.
I’m going to tell you why: 1) Drugs and 2) Coffee:….
The following tweets were originally posted by “Alammus Drenim” on Twitter via “his” account (https://twitter.com/alammus), variously, on August 14, 2013; August 20, 2013; September 9, 2013; September 11, 2013; September 12, 2013; September 18, 2013; S…
The Slovenian philosopher Slavoj Žižek is one of the most engaging thinkers around, not only in terms of the ideas but in person. He’s engaging even if you don’t altogether agree with him. When he is in top gear he fulminates, gestures furiously with both hands and delivers with conviction. But it’s never just about the show and the fireworks. He gets his point across forcefully, sometimes playfully and subversively. Žižek is a true original.
When he offends people, it is often be because he is misunderstood or because he isn’t sufficiently respectful of sacred cultural cows. He was accused (Read more…)
“A Corporate Trojan Horse”: Obama Pushes Secretive TPP Trade Pact, Would Rewrite Swath of U.S. Laws | Democracy Now!.
Crucial information on the secretive Trans-Pacific Partnership — Looks like a strengthened version of the failed FTAA from 2001.
Filed under: Capitalism, Democracy, Neoliberalism Tagged: Democracy, neoliberalism
Merkel’s Victory, Everyone’s Loss: The Burden Of German Mercantilism On Europe.
The electoral victory of Angela Merkel brings bad news to the rest of Europe. Without doubt it means the continuation of the national economic policies that have all the other euro zone countries suffering from recession. While the Christian Democrats and their Bavarian allies narrowly missed an absolute majority, the probability that a coalition partner would moderate austerity polices is close to zero.
Filed under: Austerity, Capitalism, Crisis, Europe Tagged: Germany
Defense Contractors Take to the Hill to Lobby on Dronesby Brandon ConradisAs originally posted on: OpenSecrets BlogSeptember 25, 2013As the threat of more spending cuts raises concerns about the military’s budget priorities, defense contractors competi…
Another year, another dead Canadian tech giant. Blackberry was sold yesterday for scrap to the Toronto private equity firm Fairfax. The purchase price of $4.7 billion is essentially valued at its cash of $2.6 billion and the value of its patents. Blackberry’s active businesses are being valued at essentially nothing. If Fairfax can stop the incredible burn rate of $1 billion a quarter and make Blackberry’s enterprise encryption business sustainable then there is probably money to be made. Best of luck to Fairfax in trying to recover some value from this slow motion (Read more…)
The rise and fall (and rise?) of Blackberry is a story that has gripped our attention, and not just because it affects so many Canadians. It’s because this tumultuous story has more plot twists than a thriller. Yesterday the company stole the spotlight yet again with news that its future might not be dashed after [...]
Fred Magdoff is is a professor emeritus in plant and social science and co-author of What Every Environmentalist Needs to Know About Capitalism. He discusses why we need to abandon capitalism in order to solve the climate emergency. Fred Magdoff …
Five Centuries of Transition from Agrarian to Industrial Capitalism in England
Michael Andrew Žmolek, University of Iowa
In Rethinking the Industrial Revolution: Five Centuries of Transition from Agrarian to Industrial Capitalism in England, Michael Andrew Žmolek offers the first in-depth study of the evolution of English manufacturing from the feudal and early modern periods within the context of the development of agrarian capitalism. With an emphasis on the relationship between Parliament and working Britons, this work challenges readers to ‘rethink’ the common perception of the role of the state in the first industrial revolution as essentially passive. The work (Read more…)
MIT TECHNOLOGY REVIEW has an article by Aviva Hope Rutkin that you should read and ponder. “Report Suggests Nearly Half of U.S. Jobs Are Vulnerable to Computerization”. 45% is the estimated job loss over the next 20 years.
The authors believe…
When the city of Detroit declared bankruptcy in July, the emergency manager blamed the costs of pensions for city employees. Richard Wolff says it’s a lot more complex than that. Richard Wolff is a professor at the New School University in New York City. He speaks with Redeye host Jane Williams.
To find out more about Redeye, check out our website.
How do we explain the wave of rebellion occurring around the world since the financial crisis of 2008? In his typically brilliant recent article “Trouble in Paradise” (London Review of Books, July 18, 2013), the social theorist Slavoj Žižek notes that analysis of the demonstrations occurring around the globe face both an epistemological and an ontological dilemma. First, it is not obvious how to interpret the mobilizations. Second, and the second leads to the first, the marchers themselves are not entirely clear on what unifies them.
MOTIVATIONAL POSTERS from an age that seemed to be more simple than ours. SLATE has an article by Rebecca Onion, “The Colorful Posters That Motivated Jazz-Age Workers To Strive” that is a delight. Do follow the link in the article to see a lot …
On Friday, Minister of Citizenship and Immigration Jason Kenney announced that the Canadian government would be awarding $1.5 million to Tribute to Liberty under the ministry’s Inter-Action program to build a Canadian mo…
I am no fan of capitalism. An economic system based on greed and founded in patriarchal values is flawed at its roots. But the tendency of so many on the left to blame all our problems on capitalists is simplistic, unfair and false. It is scapegoating….