After talks with Larry Fink, Trudeau is gearing up to spend billions on new infrastructure in a way that will drive up costs and allow national assets to be owned by foreign elites.
The failure of successive governments to act on evidence has helped create the conditions for the spectacularly unequal Canada we live in today.
Politicians and corporations in the United States and Canada have started to open up their economies. This is happening even though the coronavirus is still present in both countries.
With the COVID-19 shutdown ending, Canada needs an ecologically friendly economic recovery that improves the quality of life of the majority of its citizens.
An international group of economists proposes that all governments impose higher taxes on those massive corporations that dominate their sectors.
The death of George Floyd has many Canadians saying we're glad we're not like the U.S. Modeling initiatives like the Detroit People's Food Co-op would be a good place to make an exception to that.
Economists are already warning that pandemic-induced borrowing amounts will have to be repaid. This will likely entail the imposition of higher taxes and cuts in public services.
We need an economic metric that includes social and environmental costs, and to put our efforts into reviving the global ecology that sustains us all.
Talking Radical Radio
Brendan Devlin and Shaden Abusaleh talk about Communities Not Cuts Manitoba and the work of figuring out how to oppose austerity under the limitations imposed by the COVID-19 pandemic.
For years, we've submitted to the economic orthodoxy dictated by Bay Street: that governments must deliver balanced budgets and low spending. Then along came the pandemic.