Rising inequality is not just present in Canada, but all over the world. Yet while poverty is on the rise, the profits of large corporations are skyrocketing.
The good news is: growth is not the only economic model, despite what we hear on the daily news. The very exciting news is: a post-growth world is feasible.
The focus needs to be on building a new economy, not shoring up capitalism through fiscal policy. De-legitimizing capital as the source of all wisdom about how to run the world is the first task.
When faced with a choice between acting on its own behalf, or helping out the world financial system, the U.S. looks to itself. Yet it is surprised when China does this too.
During the Toronto G20, TV screens portrayed mayhem in the streets while political leaders looked busy and smiled for the cameras. Reasons behind the protests, though, were largely ignored.
While we gird for the typically depressing news when world leaders gather, there are bigger forces in play that just may deliver some unexpected small steps in the right direction.
Bankruptcy, massive protests and accusations of corruption have dominated the media's coverage of the Greek economic crisis. Belt-tightening is the proposed solution. Costas Panayotakis disagrees.
British Labour Prime Minister Gordon Brown has come out in favour of a global financial transactions tax.The tax is opposed by the U.S. Treasury, and the Canadian Finance Minister James Flaherty.
Ninety per cent of global trade was transported via sea routes in 2006, and has a strategic and commercial dimension.
May 7, 2009 to May 8, 2009
252 Bloor St. W. University of TorontoToronto , ON
Canada43° 40' 3.3132" N, 79° 23' 57.9156" W
A discussion with Michael Parenti, David McNally and Marco Luciano on capitalism's prosperity and poverty.