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Trickle-down economics proves to be economic growth killer

A surprisingly strong report just released by the prestigious OECD may cause the public to regard neoliberal snakeoil salesmen peddling a trickle-down scam more skeptically in the future.

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Trickle-down economics? It's a scam, confirms OECD


No doubt the rich and powerful have been cracking up with laughter for decades over their ability to peddle "trickle-down economics" to a trusting public.

But a surprisingly strong report just released by the prestigious Organization for Economic Co-operation and Development (OECD) may cause the public to regard these wealthy snakeoil salesmen more skeptically in the future.

Essentially, the OECD report reveals the immensity of the trickle-down scam, which the report shows has not only failed to foster economic growth as promised, but has proved to be an overall killer of economic growth.


Managing the message: Brisbane G20 host stumbles

Photo: pmwebphotos/flickr

When the G20 meetings in Brisbane, Australia broke up last weekend, the usual "time to manage the news" approach of the host government ran into some serious difficulties.

Supremely unpopular at home, instead of massaging international public opinion in the hopes of improving his domestic image, the Australian Prime Minister Tony Abbott seemed intent on gaining ground in the world's unloved leader sweepstakes.


Dismantling the myth of Canada's economic recovery

Photo: Simon King/flickr

Ever since the global meltdown of 2008, it's been an article of faith in Canadian economics that we somehow handled the whole mess better than the rest of the world. No banks collapsed. Our recession, while painful, was not nearly as bad as America's. Our deficits were smaller, and will disappear sooner. Not surprisingly, there's a strong political aspect to that smug mindset: Federal Conservatives never tire of claiming credit for this supposedly superior performance.

Photo: Seth Anderson/flickr
| July 28, 2014
Photo: BC Gov Photos/flickr
| July 18, 2014

Death of a Zapatista: Neoliberalism's assault on Indigenous autonomy

Photo: ompañer@s in the Medios Libres, Alternativos, Autónomous, o Como Se Llame

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 …from the mountains of the Mexican Southeast…

On Friday May 2, 2014 an Indigenous Zapatista teacher, Jose Luis Solís López -- known by his name 'in the struggle' as 'Compañero Galeano' -- was ambushed and murdered. He was beaten with rocks and clubs, hacked with a machete, shot in the leg and chest, and as he lay on the ground gasping for air -- he was executed by a final bullet to the head.



A new direction for Canada

Photo: Preserved Light Photography/flickr

At this point in the political cycle, with 18 months to go before the next federal election, the Canadian Council of Chief Executives (CCCE) is working hard to make its agenda items resonate, not just with the Harper government, but with the business-friendly Liberals and key MPs from the Official Opposition New Democrats.

Having done most of the thinking about the economic and social policy direction for Canada since the early 1980s, the CCCE knows that the best time to establish in the minds of Thomas Mulcair and Justin Trudeau what business wants to see from the next government is before the next election, not after.

Photo: World Economic Forum/flickr
| January 24, 2014

It does not have to be last call for Canada Post

Photo: douceurs d'etre/flickr

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The announcement that Canada Post will be phasing out door-to-door mail delivery starting in 2014 is a logical extension of the deregulation, privatization, free trade, public austerity and tax cuts agenda being followed since the 1981-82 recession served as an excuse to roll back public services, and thwart wage and salary gains for working Canadians.  

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