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  • Could skyrocketing private sector debt spell economic crisis? June 21, 2017
    Our latest report finds that Canada is racking up private sector debt faster than any other advanced economy in the world, putting the country at risk of serious economic consequences. The report, Addicted to Debt, reveals that Canada has added $1 trillion in private sector debt over the past five years, with the corporate sector […]
    Canadian Centre for Policy Alternatives
  • The energy industry’s insatiable thirst for water threatens First Nations’ treaty-protected rights June 21, 2017
    Our latest report looks at the growing concerns that First Nations in British Columbia have with the fossil fuel industry’s increasing need for large volumes of water for natural gas fracking operations. Titled Fracking, First Nations and Water: Respecting Indigenous rights and better protecting our shared resources, it describes what steps should be taken to […]
    Canadian Centre for Policy Alternatives
  • Betting on Bitumen: Alberta's energy policies from Lougheed to Klein June 8, 2017
    The role of government in Alberta, both involvement and funding, has been critical in ensuring that more than narrow corporate interests were served in the development of the province’s bitumen resources.  A new report contrasts the approaches taken by two former premiers during the industry’s early development and rapid expansion periods.  The Lougheed government invested […]
    Canadian Centre for Policy Alternatives
  • Canada-China FTA will leave workers worse off June 2, 2017
    Global Affairs Canada is currently consulting Canadians on a possible Canada-China free trade agreement. In CCPA’s submission to this process, CCPA senior researcher Scott Sinclair argues that an FTA based on Canada’s standard template would almost certainly reinforce rather than improve upon Canada’s imbalanced and deleterious trade with China. It can also be expected to […]
    Canadian Centre for Policy Alternatives
  • Faulty assumptions about pipelines and tidewater access May 30, 2017
    The federal and Alberta governments and the oil industry argue that pipelines to tidewater will unlock new markets where Canadian oil can command a better price than in the US, where the majority of Canadian oil is currently exported. Both governments have approved Kinder Morgan's Trans Mountain Expansion Project, but a new report finds that […]
    Canadian Centre for Policy Alternatives
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The Progressive Economics Forum

Relentless Self-Promotion

I debated Bill Watson from McGill on the economic crisis and the need for a “Bretton Woods II” for a half hour or so on the Sunday  Edition, on CBC Radio. I found him more than a tad complacent myself – markets will bottom out and it would be a mistake to re-regulate neo liberal global capitalism and imperil all that broadly shared prosperity it has delivered.  My very closest friends assure me I held my own..

Anyways, here’s the link for anyone who missed it..

http://podcast.cbc.ca/mp3/sundayedition_20081027_8646.mp3

Enjoy and share:

Comments

Comment from Travis Fast
Time: October 27, 2008, 1:25 pm

Complacency seems to be the consensus opinion in Canada among vanilla economists. I suppose history will judge whether it is complacency or prudence.

As to Watson’s basic premise: namely, that the last 15 years have been great. It is more like 8-10 and the last eight have been “good” because of the credit bubble.

Comment from Paul Tulloch
Time: October 28, 2008, 8:15 am

You did well Andrew, you still throw a good left jab!

I recall a grad course at the IPE with Andrew Martin a visiting prof at the from Harvard CES a few years back. He went on at great lengths at how the breakdown of bretton woods played a large causality in the post war break down. Since that time exchange rate fluctuations have been giantmormous and pretty much these ends destroy or at least a wreak a large amount of havoc on the flows and means they are supposed to be providing the fluidity to.

I guess it was the CES’s point in how the EU was at least providing some small haven of stability in addressing the internal flows.

Bretton Woods II is a prerequisite in getting us on the road out of this mess.

Hey, there are some international bodies like the IMF and the World Bank and other supposedly regulating such global entities. However, given the results of the international mess the USA financial center has created, it is obvious we need more to regulate these flows.

So much work needs to be done at the international level, yet the nodes of regulation that have been operating within that space have basically been the antithesis of what was required.

Time for some rational behavior with teeth at the global level. Hopefully this calamity will expose these faults in the fissure. People across the globe especially the south deserve so much more than what we have destroyed. What a mess.

Paul

Comment from Arby
Time: January 1, 2015, 4:26 pm

The link to the podcast didn’t work for me.

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