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Trudeau Liberals offer Shangri-La to private finance

PMO Photo by Adam Scotti

Most Canadians have never heard of Larry Fink. An American, he is the biggest money manager in the world. His firm, BlackRock, has over $4 trillion it directs on behalf of clients.

Fink is famous in the financial world. For one thing, he was a key figure in the development of mortgage-backed securities, sometimes called CDOs or collateralized debt obligations.

These were the instruments that in 2007 all of a sudden no one wanted to buy, so no one could sell. Portfolios full of worthless CDOs led to a break down in the world financial system, creating the crash of 2007-08, which was followed by the great recession.

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Photo: Reg Natarajan/flickr
| November 3, 2016
Image: Flickr/Denis Bocquet
| October 25, 2016
Columnists

Putting patient food in the hands of corporations reveals the trouble with normal

Photo: bec/flickr

It's amazing what we gradually accept as normal -- even admirable -- in how we treat each other in Canada. Practices that were once seen as a repugnant surrender to government indifference, like food banks, are now virtually celebrated as a high point of citizen engagement and promoted as such by our public broadcaster once a year. And other practices, like hospitals and seniors' care homes that once had their own kitchens and cooking staff, are seemingly a thing of the past, a "luxury" that we have no hope of ever getting back.

As Bruce Cockburn's song suggests, the trouble with normal, is it always gets worse.

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We welcome your comments! rabble.ca embraces a pro-human rights, pro-feminist, anti-racist, queer-positive, anti-imperialist and pro-labour stance, and encourages discussions which develop progressive thought. Our full comment policy can be found here. Learn more about Disqus on rabble.ca and your privacy here. Please keep in mind:

Do

  • Tell the truth and avoid rumours.
  • Add context and background.
  • Report typos and logical fallacies.
  • Be respectful.
  • Respect copyright - link to articles.
  • Stay focused. Bring in-depth commentary to our discussion forum, babble.

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Photo: Mike Perkins/flickr
| October 5, 2016
July 26, 2016 |
Officers of the Nishnawbe-Aski Police Service, Canada's largest First Nations policing outfit, voted overwhelmingly for a strike mandate last week.
Talking Radical Radio

Defending public health care in court and in the streets

June 22, 2016
| Jen Kuhl and Edith Machattie talk about the work of the B.C. Health Coalition and about a grave legal threat to public health care.
Length: 28:29 minutes (26.09 MB)
June 14, 2016 |
CUPE 561 is raising a red flag about recent actions of the Coquitlam Public Library Board to run itself in to the ground and spend $600,000 to expand management positions by 150 per cent.
May 31, 2016 |
On May 31 the shareholders of Hydro One will meet to discuss profits made at the expense of taxpayers. The majority of hydro is still owned by the people. It's not too late to stop privatization.
May 31, 2016 |
A new ad from CUPE workers in Newfoundland and Labrador takes aim at Premier Ball's plans to close half of the province's libraries.
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