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| October 12, 2011

Occupy Wall Street

The Occupy Wall Street movement refers to a series of protests currently underway in New York City's Zuccotti Park -- formerly known as Liberty Square Plaza. Since the demonstrations commenced on September 17, 2011, the "occupy" movement has spread to cities across the United States. Similar protests are also slated for a number of Canadian cities including Toronto, Vancouver, Calgary, and Montreal.

The focus of the demonstrations remains protesting against corporate greed and economic inequality.

Many of the movement's organizers have cited the Arab Spring as their inspiration.

http://occupywallst.org/

http://en.wikipedia.org/wiki/Occupy_Wall_Street

http://www.adbusters.org/campaigns/occupywallstreet

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| October 5, 2011
Columnists

Challenging the private credit system: Who's bailing whom?

The time since 2008 has been a crucial historical moment for progressive economists to pull back the green curtain that surrounds the operation of the for-profit banking system, and expose that system for what it is: a government-protected, government-subsidized license to print money.

The problem is, as soon as you start saying things like that, people conclude you are some kind of wacked-out conspiracy theorist nut-bar. It sounds insane to claim that private banks have a license to create money out of thin air. As John Kenneth Galbraith put it, "The process by which banks create money is so simple that the mind is repelled."

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| October 4, 2011
Columnists

No technical recession, not that it matters

Yesterday's GDP numbers (a sprightly gain of 0.3 per cent at basic prices in July) ensure that there will not be a so-called "technical recession" in Canada -- at least, not yet.

Economists have a perverted definition of "recession," whereby it's considered official only if real GDP declines 2 quarters in a row. That's hilariously arbitrary. And the flip side of the coin is even more galling: "recovery" is with us, they say, once real GDP stops contracting and starts growing again. That's why Mark Carney could declare the recession over in July 2009 (when real GDP started to grow again), even though for most Canadians it hasn't stopped feeling like a recession ever since.

Comments

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.

Don't

  • Use oppressive/offensive language.
  • Libel or defame.
  • Bully or troll.
  • Post spam.
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| September 30, 2011
| September 29, 2011
| September 29, 2011
| September 26, 2011
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