Economy

“The Entrepreneurial State” by Mariana Mazzucato
By March 1, 2015 Read More →

“The Entrepreneurial State” by Mariana Mazzucato

Somewhere along the line, we’ve all heard these arguments in favour of capitalism: progress is based on competition, risk taking and innovation – capitalism encourages risk takers and rewards them; we might need state ‘enterprise’ for essential infrastructure like water and electricity but, in the area of new technology, the dynamism of the private sector will always […]

Posted in: Economy, Reviews, Science
China: Hard landing in 2015?

China: Hard landing in 2015?

China’s economic slowdown already being felt throughout world economy “The most important number in the world, for the past 30 years and next five years, is China’s growth rate,” declared BBC Economics Editor Robert Peston. With a stream of data confirming a pronounced slowdown in the Chinese economy, fears are rising that this will act […]

Posted in: China, Economy, International
World Economy: The great stagnation

World Economy: The great stagnation

Six years after the financial crash and economic slump, the world capitalist economy appears to be sliding towards a new downturn. The US is struggling through a feeble ‘recovery’. Germany and the eurozone seem to be edging towards a third recession. Japan is also recession bound. Russia is being battered by falling oil revenues and […]

Neoliberalism, Precarious Work, and Class Struggle
By August 30, 2013 Read More →

Neoliberalism, Precarious Work, and Class Struggle

Neoliberalism’s purpose is to shift the balance of money and power away from the working class and to the rich and their corporations. One of the strategies to achieve that goal is the weakening of the bargaining power and the working conditions of working people. Alongside the rise of automation, outsourcing, downsizing, and clawbacks of […]

Posted in: Canada, Economy, Work
Sweden: The reality of Swedish neo-liberalism

Sweden: The reality of Swedish neo-liberalism

Sweden once had a reputation as some kind of ‘social-democratic model’ with far-reaching public services and social support. But that has been dismantled by two decades of attacks – what the Economist magazine calls a ‘silent revolution’ Sweden has weathered the crisis and the country is showing that slashing welfare, lowering taxes and imposing caps […]

How Safe are Canadian Banks?

How Safe are Canadian Banks?

In November 2011 Minister of Finance, Jim Flaherty, claimed that the Canadian banking system is the soundest in the world. However, Canadian banks received $billions in financial support from the government between 2008 and 2010 and the federal government has plans to deal with a banking failure. So really, how safe are Canadian banks? Since […]

Posted in: Canada, Economy