Category Archives: Economic Issues
More on the Liberal budget update
Below is an interesting page (p. 144) from the BC Liberal government’s 2009 budget update. If the “devil is in the details”, then this is a great place to start. As I discussed in my September 29th entry, the Liberals are anticipating receiving less revenue from corporate income tax than post-secondary tuition. The former has […]
More on the neo-liberal agenda
One of the truisms of neo-classical economics is that tax cuts for those already wealthy and powerful will “trickle down” to the middle and lower class. In other words, making rich people richer will eventually make everyone richer. One of the most popular versions of this theory is the corporate income tax cut, which supposedly […]
Bill Maher recaps the summer
Bill Maher has returned to work after the summer hiatus, and offers this stinging recap of the past three months in American politics: Posted by Colin Welch at 1:17 PM Edited on: Saturday, September 18, 2010 1:21 PM
The HST Debacle
In todays’ Vancouver Sun, Vaughn Palmer offers a devastating critique of the BC Liberal’s handling of the HST. Palmer highlights the key revelations of new government documents from a FOI request regarding the HST. Palmer explains that senior government officials were discussing the HST well before the last election of May 12, 2009. He concludes […]
A Review of John Gray’s False Dawn
John Gray’s popular critique of globalization and laissez-faire capitalism, False Dawn*, was originally published in 1998. It has enjoyed a resurgence as a “prophetic” account of our current global economic problems, but I think the book is better viewed as an incomplete analysis, and one that is riven with contradictions and equivocations. Gray’s clearest and […]
Wooing Business Leaders Is Futile for New Dems: A Response
With a few corrections, the following is my contribution to the conversation arising from an article in The Tyee by Will McMartin: ……….. Well done, Will! Another strong empirical analysis, in a manner almost non-existent in the “A” section of our corporate newspapers. While giving up on appeals to the business sector might appear reasonable […]
OECD Measures Debt via GDP
One of the most important but confusing economic benchmarks is the level of debt carried by a nation. Is it in constant or inflated dollars? How do we account for population growth and inflation? Adding to the complexity is the different levels of government in a country like Canada. Probably the best way of measuring […]
Interesting trade stats from British Columbia
British Columbia’s long standing push to diversify its trade, and move away from a reliance on exports to America, appears to be gathering steam. Of course, as we found out in the late 1990’s, a growing dependence on emerging industrialized countries – particularly when we’re mostly selling raw resources – may also be perilous: […]
Elizabeth Warren: The Coming Collapse of the Middle Class
The following lecture features Elizabeth Warren speaking about the current crisis in (and looming collapse of) the American middle class. This presentation is almost 58 minutes, but I highly recommend it for anyone interested in long term social and economic trends and the future of the middle class. Warren is a Harvard law professor who […]
David Harvey: Getting to the Heart of the Matter
For all of the discussion about the causes of the latest economic meltdown, it’s mystified me why inequality has been largely ignored. The blame is almost always laid at the feet of proximate factors like negative savings rates, ponzi-like housing bubbles, exotic debt instruments, deregulation and a neo-liberal faith in the corrective nature of unbridled […]