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Trump's proven that free trade deals can be rewritten. So let's write better ones.

Photo: Billie Greenwood/flickr

For years, we've been told the dictates of globalization, and the intrusive and prescriptive terms of free trade agreements in particular, are immutable, natural, and unquestionable. When workers were displaced by the migration of multinational capital toward more profitable jurisdictions, we were told there's nothing we can do about it except join the race to the bottom in a desperate attempt to hang onto our jobs. When investment and employment were undermined by lopsided trade and capital flows, and employers and financiers utilized the leverage afforded them by unrestrained international mobility to ratchet the distributional structure of the economy ever-more-blatantly in their own favour, we were informed this was just the logic of markets. And anyone who questioned

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Columnists

Deficit hysteria breaks out in wake of Liberal budget

Photo: DJ SINGH/flickr

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Photo: Grant Neufeld/flickr
| March 29, 2016
Columnists

G20 finance chiefs meet -- and fail to agree on the policy menu

Photo: Prime Minister of Canada/flickr

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For the last five years, the International Monetary Fund (IMF) has consistently been revising downwards its forecasts of world economic growth.

In a slowing global economy, eyes turned to Shanghai where the Group of 20 (G20) finance ministers and central bankers sat down February 26-27 to assess the worsening outlook, and agree on what to do together.

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Photo: Norris Wong/flickr
| January 27, 2016
Columnists

Capitalist fright: Stock prices collapse as 2016 begins

Photo: Ahmad Nawawi/flickr

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Start with money: bank loans and cash from family or other sources. For a firm or business, this represents its capital.

Use the capital to employ people to make a product or provide a service and sell it for more money -- i.e. profit -- so the capital grows.

As capital grows, what is owned by capitalists represents equity, and this ownership capital can be sold in shares on the stock market.

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Photo: Brian Talbot/flickr
| September 23, 2015
Photo: KMR Photography/flickr
| August 25, 2015
Photo: pmwebphotos/flickr
| August 4, 2015
Photo: pmwebphotos/flickr
| July 16, 2015
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