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'Profiting Without Producing' stands to restrain finance and fight for socialism

Profiting Without Producing: How Finance Exploits Us All

by Costas Lapavitsas
(Verso Books,
2014;
$34.95)

Economics professor Costas Lapavitsas' new book Profiting Without Producing: How Finance Exploits Us All, delving into the elusive world of finance, that place where fortunes are made seemingly out of nothing, but with such dramatic impact on the world economy. Lapavitsas tackles one of the most innovative and perhaps most controversial concepts in political economy: financialization. Aaron Leonard recently corresponded with professor Lapavitsas via email to ask him about his new book and its wider implications.

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January 17, 2014 |
Canada has not seen the kind of energized and far-reaching calls and protest movements for raising the minimum wage as in the states, the working poor in this country face similar difficulties.
Columnists

Economics, labour and the miseducation of Stephen Harper and Tim Hudak

Photo: genericface/flickr

Tim Hudak is a great example of the damage a good education can do. So is Stephen Harper. Both are products of university economics departments in the late 20th century. Each has a proud MA in the field. Like their American cognate -- Paul Ryan -- they've chosen to implement economic policy with no or little experience in the work world. Hudak worked briefly at a low level for Walmart; almost an internship. Since then -- all politics.

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Redeye

B.C.'s natural gas strategy bad economics

December 4, 2013
| Christy Clark won the last election in part on the promise of a natural gas industry that would create jobs and eliminate the provincial debt. It turns out to be more fantasy than hard economics.
Length: 42:54 minutes (39.29 MB)

'Disassembly Required' dismantles capitalism and builds new ideas about resistance

Disassembly Required: A Field Guide to Actually Existing Capitalism

by Geoff Mann
(AK Press,
2013;
$14.95)

Geoff Mann is the author of Disassembly Required: A Field Guide to Actually Existing Capitalism, which acts as a primer on economics 101 and speaks to those people who are not comfortable with the status quo, confused about the state of things and trying to imagine a different system.

Aaron Leonard recently corresponded with Professor Mann via email to examine the book and dig deeper into some of the popular explanations it offers. This is an edited version of their original conversation.

 

Who are you hoping to reach with this book?

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October 18, 2013 |
The throne speech had a lot to say about Canadian families. However, the majority of Canadian families are left out of this picture. Not to mention the majority of Canadians.
Redeye

Climate change and capitalism

September 16, 2013
| Fred Magdoff is is a professor emeritus in plant and social science and co-author of What Every Environmentalist Needs to Know About Capitalism.
Length: 15:56 minutes (14.6 MB)

Fraser Institute undervalues Canadian families by inaccurately assessing true costs

Photo: davehuehn / flickr

Seventy three per cent of mothers in Canada with children under the age of 16 are working mothers, and women still earn on average 30 cents less to the dollar than their male counterparts. The need for economic supports for Canadian families, like access to affordable universal child care has never been greater. Yet in The Cost of Raising Children released August 2013 by the Fraser Institute, economist Christopher Sarlo claimed that childcare, along with other frivolities such as housing, are not costs to be considered when assessing the totality of costs associated with raising children.

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'Recession hurts, but austerity kills': How governments' austerity measures are killing us all

The Body Economic: Why Austerity Kills

by David Stuckler and Sanjay Basu
(Basic Books,
2013;
$26.99)

On March 28, 2012, Giuseppe Campaniello left for work earlier than usual. He would have kissed his wife goodbye, but she was sleeping so peacefully he decided to let her rest. 

Campaniello then set off for the Equitalia tax office in his hometown of Bologna, Italy. Once there, he doused himself in petrol and set himself alight. He died nine days later in hospital. Campaniello’s cause of death? Economics.

Just days before, he’d received a final notice from the tax office; doubling a fine he reportedly couldn’t pay, which proved to be the final straw.

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Redeye

Disassembly Required: A Field Guide to Actually Existing Capitalism

July 21, 2013
| Few would deny that capitalism is a broken system and in desperate need of change. Yet to imagine change, we need to understand how the system works. A new book by Geoff Mann attempts to explain.
Length: 15:30 minutes (14.19 MB)
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