The financial crisis is about more than money. It is also about morality, casting an uncomfortable light on the links between the activities of bankers and the wellbeing of society as a whole. The idea that economics is morally neutral or that finance should be above ethical scrutiny deserves to be challenged.
Wacky world of minimum wages
Increasing income of the working poor ensures that extra dollars are spent in local communities on things like food, clothing, medical and dental care, and housing. According to a University of California report, higher minimum wages reduce poverty rates among households and children, without affecting employment levels. To most of us, that is an admirable outcome…
Choices
Yeah, who wants socialism?
Economic illiteracy in Canadian media
The Fraser Institute declares Tax Freedom Day each year. It is an inaccurate trick to further interests of the millionaires and billionaires for whom the “charity” works. Many of those people use overseas tax shelters so their tax freedom day falls in January. Don’t expect Fraser Institute to mention Earth Overshoot Day, “the date when we (all of humanity) have used more from nature than our planet can renew in the entire year.” Do not expect Canada’s mass media to pay much attention either
From Erik Andersen
In private emails, a number of people with expert economic knowledge exchange ideas about energy in BC. I get copies of some. This example, written by respected and retired economist Erik Andersen, refers to electricity markets in BC…
Reader’s rant
From a regular reader who has grown frustrated with the amount of self-serving BS that spills regularly into our world: There are too many people who do not produce or add value […]
Economic challenges ahead
Big money earned through illegal activities might have a greater impact than we care to admit and economic stimulus from criminal enterprises may explain why the former government hesitated to enforce certain laws. Over a long time, BC has seen a reduction of jobs in goods producing sectors, particularly in manufacturing, and a significant increase in service sector jobs. I expect we will have to rely more on innovative small and medium sized enterprises for future job growth and that our new government ought to provide increased encouragement to SMEs.
What’s this "fat" and "gravy" they speak of anyway?
Are schools and hospitals fat? Are veterans’ pensions gravy? So what have we cut already? 32% of Veterans Affairs staff supporting disability, death and financial benefits for veterans. One-fifth of Canadian food […]
Wrong path, wrong time
Christy Clark, Rich Coleman and Liberal friends are like 1980 promoters excited to spend someone else’s money to open a giant disco club, despite unmistakable signs the dance craze was soon to […]
The price we pay
Trailer – THE PRICE WE PAY – a feature documentary by Harold Crooks from Filmoption International on Vimeo. Playing in Vancouver as part of the VIFF, International Village #9, October 4 – […]
Economics, by and for lay people
George Osborne, Chancellor of the Exchequer and Second Lord of the Treasury of the United Kingdom, boasted recently about his nation’s modest economic growth. If expansion continues, Britain will soon have an […]
Democracy myth exposed
Testing Theories of American Politics: Elites, Interest Groups, and Average Citizens, Prof. Martin Gilens, Princeton University and Prof. Benjamin I. Page, Northwestern University. Multivariate analysis indicates that economic elites and organized groups […]
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, […]
Not told by Canada’s corporate media
Fiscal record of Canadian political parties, Toby Sanger, The Progressive Economics Forum: “With all the recent news stories — as well as alarm raised by other leaders — about the fiscal and […]
The smartest guys in the room got it wrong
According to The Guardian’s George Monbiot, after each of the richest 100 people gained an average of $2.4 billion in 2012, they now hold wealth near equivalent to the United Kingdom’s GDP. […]
Demand deficit
Fiscal Cliff Letter: Small Business Owners Urge End Of Bush Tax Cuts, Zach Carter, Huffington Post “As businesses owners, none of us hire more employees simply because someone gives us a tax […]
History’s mistakes repeated
A Manifesto for Economic Sense, Paul Krugman, Princeton University, and Richard Layard, LSE Centre for Economic Performance “More than four years after the financial crisis began, the world’s major advanced economies remain […]
Austerity and recession, invariably linked
UK is back in recession, OECD says, Phillip Inman, The Guardian, March 29, 2012: The UK is heading back into recession and will be among the slowest of the world’s largest economies […]
Premier Photo Op: Your rich friends mislead
Raise Taxes on Rich to Reward True Job Creators, Nick Hanauer, Bloomberg Businessweek “I’m a very rich person. As an entrepreneur and venture capitalist, I’ve started or helped get off the ground […]
Down this road, no taxes for business
While getting refunds of every cent they pay, representatives of big business enthusiastically support you and I paying HST to fund safe streets and private schools. However, they aim to relieve themselves […]
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