Archive for January, 2017

The trouble with ‘populist’ billionaires is they serve the same old corporate interests

January 29, 2017

Being a billionaire isn’t just about being rich; it’s about being mind-bogglingly rich — rich beyond most people’s comprehension.

And yet the mega-fortunes being amassed these days by the newly emergent class of billionaires — and the enormous influence and control this gives them over our economy and politics — barely registers as a political issue.

What makes this particularly odd is that we’re told we live in a time of popular revolt against the “elites” and that Donald Trump just won the U.S. presidency because of his “populism.”

Of course, billionaire Trump, with his Wall Street cabinet and his sweetheart tax cut for billionaires, has turned “populism” into just another fake news concept.

Canada’s Household Debt Crisis: Blame Capitalism!

January 29, 2017

Canadian capitalism is in crisis, with household debt reaching a record high 166.9 per cent of disposable income and about 208 per cent of GDP, and wage stagnation is a primary cause.

Richard Vague told the Globe and Mail “any country whose private-debt-to-GDP ratio goes beyond 150 per cent and that has a five-year growth rate of 18 per cent or greater in that ratio experiences a financial crisis at some point.” The Globe says Canada has already passed both benchmarks in its ongoing borrowing binge.

Justin Trudeau promised changes to draconian Bill C-51. We’re still waiting

January 19, 2017

Bill C-51 was opposed by the Green Party, the Bloc Québecois and the NDP, which mounted a filibuster in Parliament. The Liberals under Justin Trudeau chose to support the legislation. But in the 2015 federal election, they promised to repeal the bill’s “problematic elements” and introduce new legislation that would strengthen parliament’s oversight.

Fifteen months after the election, Bill C-51 remains in place, and one assumes that spy and law enforcement agencies are making use of their enhanced powers.

Disgusted that Kevin O’Leary wants to be our Prime Minister? Thank Canada’s public broadcaster.

January 19, 2017

It’s been one day since human sinkhole Kevin O’Leary joined the Conservative leadership race as candidate no. 14 and already the Canadian media is working to make it seem like this isn’t a giant national embarrassment.




Prime Minister Trudeau Prepares to Resurrect Keystone XL With Cabinet Shuffle

January 19, 2017

Jane Fonda Calls Out “Pretty Faced Neoliberal” Trudeau

January 17, 2017

What should be the first focus of the Canadian left for 2017?

January 8, 2017

Now that the world’s most ambitious and depressing performance art piece has concluded (titled “Dumpster Fire, 2016: A Tragedy in 12 Parts”), it’s time to roll up our sleeves. Federal Parliament reconvenes in just about four weeks and we have some work to do if we want to stave off a tide of right-wing populism.

Growing list of Liberal hypocrisies risks ushering in right-wing populism to Canada

January 8, 2017

With their recent actions, Prime Minister Justin Trudeau and his government risk creating the conditions for right-wing populism to flourish in Canada.

The trend is becoming clear in the West: if the choice is between out of touch, elitist, neoliberal corporatists, or right-wing populists, the right-wing populists have a good shot.

Justin Trudeau may be the last neoliberal standing

January 8, 2017

So it’s unsurprising that Justin Trudeau is looking a lot like the last neoliberal standing, albeit with his own quirks, like not being a deficit hysteric. Like the Clintons and Blair, he exudes empathy for the excluded — while clinging fiercely to (free) trade deals. I think you can see him trying to resolve the same dilemmas on which Hillary Clinton recently shipwrecked.