RBC: Banking on Climate Disaster

“I was manhandled by RCMP officers, my ceremonial dress, which has never been defiled since my grandfather’s time, will never be the same again.” These words by Chief Na’Moks, Hereditary Chief of Wet’suwet’en, express the outrage at the RCMP’s actions at the Annual General Meeting (AGM) of RBC, held on April 5 in Saskatoon. Indigenous […]

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SVB Collapse Detonates Financial Crisis

Tom Crean is a member of Socialist Alternative in the US. The collapse of the Silicon Valley Bank last week has opened up a significant financial crisis for US capitalism which now appears to be spreading to Europe. It is too early to say whether this is the beginning of a more full-blown crisis that […]

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The Big Banks Are Robbing You

A tragic shootout at my neighbourhood Bank of Montreal, near Victoria, recently left two people dead and six injured, grabbing national headlines. And news coverage of this event casually mentioned that this same bank — which is just across the street from the bank I use — had been successfully robbed just four months before: […]

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Covid and Capitalism – Cui Bono

Lucius Cassius was an ancient Roman judge who got a reputation for wisdom and fairness in court by repeatedly asking in cases, “Cui Bono?” or “Who Benefits?” Starting the third year of the COVID pandemic, the answer to old Lucius’ question seems pretty obvious: Canadian Banks once again posted record profits and bonuses, while at […]

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Public Ownership of Banks

During the month of March, the whole world was scrambling to wrap their heads around the scale and impact of the COVID-19 crisis. As the coronavirus was scything its way through Asia and Europe, each successive government seemed to be competing to see who was going to bungle its pandemic response more. Meanwhile a different […]

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