Our current incarnation of capitalism -- variously referred to as savage capitalism, extreme capitalism or euphemistically as the "free market" (free of any constraints) -- is in one of its periodic crises. For years many assumed that the smart people who ran the system and benefitted from it would find a practical way to fix it. The problem is that the solutions are all framed within an ideology that makes that extremely unlikely. Neo-liberalism is like a religion and once you are a true believer you see other solutions as heresy.
Highly regarded former Toronto mayor David Miller says he is "very excited" about becoming the new president and CEO of the World Wildlife Fund-Canada in September.
"They've made such a difference," Miller told The Toronto Star, "and to be part of an organization that knows how to make real change is a unique opportunity."
Sunday's revelation that the Royal Bank of Canada (RBC) will be bringing in "temporary guest workers" to replace some of its Canadian employees captured headlines, sparking outrage and surprise, and leading many to threaten a bank boycott and move their accounts elsewhere.
The outrage is certainly understandable -- as one would think that RBC, with its more than $2 billion in first quarter profits, could afford to retain these workers -- but the surprise isn't.