Big Pharma, Big Price, Big Profits

The German playwright, Bertolt Brecht wrote in the 1930s that it is easier to rob by setting up a bank than by holding up one. If Brecht were alive today, he might want to revise the statement by substituting pharmaceutical company for bank. Using a measure called Return on Invested Capital (ROIC), research shows that […]

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COVID Kills Farm Workers

Karl Marx once said, “The oppressed are allowed once every few years to decide which particular representatives of the oppressing class are to represent and repress them.” While this may be a critique of liberal democracy, it can also apply to the state of temporary foreign workers in Canada who hope to live under better […]

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World Economy in Depression

Manus Lenihan is a member of the Socialist Party (ISA in Ireland). IMF Downgrades Economic Prediction The IMF’s last forecast, in April, predicted that world growth would contract by 3%, which it described, in what must be the most-used word of 2020, as “unprecedented.” The more recent report revises that downward to 5%. What will […]

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Re-Opening: Blame or Reconstruction?

Around the world countries are lifting the restrictions that were introduced to contain the COVID-19 pandemic. People are allowed to leave their homes, and workplaces, cafes and stores are re-opening. The sharp closures of society and economy were needed to reduce the level of infection and death from the virus, only because of the inadequate […]

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