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Below is the summary for our latest Climate Justice Project report, Closing the Loop: Reducing Greenhouse Gas Emissions and Creating Green Jobs through Zero Waste in BC (I recommend checking the much prettier full paper, stand-alone summary, and awesome infographic by Sam Bradd on the website). Closing the Loop was a complex and challenging project that made my head spin, [...]
The Nova Scotia provincial government is set to introduce its promised balanced budget this year. The Nova Scotia Alternative Budget, released today, proposes some concrete choices rooted in Nova Scotia communities. Rather than pay down debt, the NS-APB prioritizes balancing the social debt threatening Nova Scotia. Can a budget really be considered balanced when unemployment [...]
A new CCPA (National) report by Marc Lee and myself argues that Canada’s tax system needs a “fairness” overhaul and presents a framework for progressive tax reform. Those of you who have been following our tax work so far will find this study a great complement to the BC Tax Options Paper. Tax policy is [...]
Posted by Iglika Ivanova under corporate income tax, financial transactions tax, guaranteed annual income, income support, income tax, inequality, progressive economic strategies, taxation, TFSA.
February 14th, 2013
The following comes from a short talk on a vision for a zero-carbon BC that I gave at a couple events this Fall. Many have asked for the text so I’ve posted it here, and we may try and turn it into a video. That said, I have been reluctant to do so up to [...]
Last week’s CAW convention in Toronto was one of the most exciting labour events I’ve ever been to.
Kudos to Bank of Canada Governor Mark Carney for raising the profile of the over $500 billion Canadian corporations are holding in excess cash surpluses and not investing in the economy, which garnered front page coverage (and kudos to the CAW for inviting him to speak.) It’s not the first time he’s raised this concern. [...]
Posted by Toby Sanger under Bank of Canada, capitalism, corporate income tax, corporate profits, debt, deficits, economic crisis, financial crisis, household debt, income distribution, investment, progressive economic strategies.
August 23rd, 2012
Today the CCPA released a new big picture report by myself and student researcher Amanda Card calling for a Green Industrial Revolution. The report builds on work done for the BC-focused Climate Justice Project, bringing to bear a national analysis of green and not-so-green jobs. We take a close look at GHG emissions and employment [...]
Posted by Marc Lee under carbon pricing, ccs, climate change, economic growth, employment, energy, environment, housing, industrial policy, investment, labour market, macroeconomics, oil and gas, progressive economic strategies, public infrastructure, public transit, tar sands, transportation.
June 12th, 2012
Today’s record low interest rates on long term Canadian government bonds present a fantastic opportunity to save money by borrowing more. Back last December I wrote a post pointing out that the federal government could and should be much more aggressive in locking in low interest rates by shifting new borrowing to long term bonds [...]
Asked by an anglophone journalist what the Québec students struggle means for the ROC, this is what I had to say. http://cutvmontreal.ca/videos/1102 I’m was among a varied group of people who published a declaration tuesday, on May day, in support of the student movement. One of the main themes of our message was to link [...]
In the context of student protests over Quebec tuition fees, my friend Luan Ngo has just written a very informative blog post on Quebec’s fiscal situation. While I encourage readers to read his full post, I do want to use the present space to make mention of three important points he makes: -On a per [...]
Posted by Nick Falvo under Bank of Canada, budgets, Conservative government, corporate income tax, debt, deficits, economic crisis, economic growth, economic literacy, economic models, economic thought, education, equalization, financial crisis, fiscal federalism, fiscal policy, heterodox economics, inflation, interest rates, macroeconomics, monetary policy, post-secondary education, progressive economic strategies, Quebec, social policy, student movement, user fees.
April 28th, 2012
A recent article by Stefani Forster, of the Canadian Press, suggests that the Quebec student protests may be starting a larger social movement outside of Quebec. According to the article: In the last few days, Quebec’s student protests have received coverage in French news outlets like Le Monde and Agence France-Presse, in Australia, in New [...]
(This guest blog was written by Mike Marin and Anouk Dey. It originally appeared in the Toronto Star on February 24. The authors are part of a team that produced the report Prospering Together (in English http://bit.ly/z4GQx5 and in French http://bit.ly/yabiK2) What do the Occupy Movement and Canadian software giant OpenText have in common? Most [...]
Posted by Armine Yalnizyan under competition, economic growth, education, inequality, Occupy Movement, productivity, progressive economic strategies, skill shortages, social policy, young workers.
February 26th, 2012
December marked the three-year anniversary of Ontario’s Poverty Reduction Strategy. While I believe there is much to celebrate, much remains to be done. The Strategy surprised a lot of observers, especially in light of the fact that it was announced in December 2008, just as Ontario was entering a recession. Its focus was almost exclusively [...]
Posted by Nick Falvo under child benefits, Conservative government, corporate income tax, early learning, economic crisis, education, fiscal federalism, fiscal policy, housing, income support, income tax, Indigenous people, inequality, minimum wage, Ontario, poverty, progressive economic strategies, recession, social indicators, social policy, taxation, unemployment.
January 8th, 2012
Rabble.ca is running a series of reflections on the tenth anniversary of the New Politics Initiative, which sought to create a more democratic politics in Canada ideally as part of a revitalized NDP. The vision statement is here; my piece follows, and there are also contributions from Judy Rebick and Jim Stanford. Altogether these make for a [...]
Over a year ago, I posted “What are the Game Changers?“, an attempt at sparking some strategic thinking for the broader left. Now that we’ve had a month of Occupation, building on the original Occupy Wall Street action, I’ve been wanting to put these ideas back on the table, so below I recycle much of [...]
Starting today I will be on a regular weekly biz panel for the Lang and O’Leary show, every Thursday night. The panel will take on two six minute segments to discuss the big economic stories of the day. Today’s proposed topics – the Eurozone mess, whither Canada’s GDP, is Occupy a media invention/will it hold [...]
Governments around the world are heading down a path to economic suicide. So said Nobel Prize-winning former chief economist of the World Bank, Joseph Stiglitz, to hundreds of well-heeled financiers and decision-makers who paid a bundle to hear him in Toronto. With a voice as gruff as gravel, and an energy bristling with urgency, he [...]
Posted by Armine Yalnizyan under budgets, Conservative government, deficits, economic growth, employment, federal budget, fiscal policy, progressive economic strategies, Role of government, unemployment, World Bank.
October 31st, 2011
I hung out a while yesterday at the Vancouver Occupation, and was impressed with their efforts at radical democracy. Many in the mainstream press have been quick to pile on for how time-consuming decision-making can be under this model, but perhaps they have not spent enough time in legislatures and committee meetings and public consultations. [...]
I have an opinion piece out on Access Copyright, English Canada’s longtime copyright middleman. I argue that Access Copyright is a bit like the Blockbuster Video of Canadian university libraries—once indispensable, and now almost obsolete (largely due the Internet). Within a year from now, it’s possible that no Canadian university will still have day-to-day dealings with [...]
In search of some background on the “Occupy Wall Street” movement, I recently caught up with Rick Wolff. He is a progressive economist and rising alternative media celeb in NYC (you can hear his entertaining weekly radio discussion of economic news at http://rdwolff.com/). He (with others like Stiglitz) among other spoke to the Occupy Wall [...]
Pollsters tell us that Ontario’s New Democrats may double their seat total in next month’s provincial election. It’s also entirely conceivable that they could be part of a coalition government at Queen’s Park. But what’s actually in the party’s election platform? One central feature of the NDP’s proposals is to implement a tax credit for companies that hire new workers. The tax [...]
Posted by Nick Falvo under climate change, corporate income tax, education, employment, energy, environment, fiscal policy, health care, housing, HST, income distribution, income support, income tax, investment, minimum wage, NDP, Nova Scotia, Ontario Election 2011, party politics, post-secondary education, poverty, progressive economic strategies, public services, public transit, social democracy, social policy, socialism, super-rich, taxation, user fees, wealth.
September 20th, 2011
Last March, Keith Dunne and I wrote an opinion piece on Danny Williams’ post-secondary education (PSE) legacy in Newfoundland and Labrador. Among other things, we pointed out that average undergraduate tuition fees (for domestic students) in Newfoundland and Labrador are $2,624/yr., compared with $5,138 for Canada as a whole and $6,307 in Ontario. With a provincial election slated to take [...]
Posted by Nick Falvo under debt, education, fiscal federalism, NDP, Newfoundland and Labrador, Ontario, party politics, post-secondary education, progressive economic strategies, Role of government, social policy, socialism, student debt, student movement, user fees.
September 16th, 2011
The UNTCAD just published its annual report on Trade and Development, titled Post-crisis Policy Challenges in the World Economy. The report describes a two speed global recovery, showing how developing economies have come out of the crisis stronger then their developed European and American counterparts. There the author invokes the contradictory forces at work in [...]
An article in the current edition of NOW Magazine looks at social assistance in Ontario. The article is aptly entitled “Poverty Pariah,” in light of how apparently unpopular Ontario’s welfare system has become over the past 20 years. As can be seen at the National Council of Welfare’s Interactive Welfare Incomes Map, a single adult [...]
Posted by Nick Falvo under food, guaranteed annual income, housing, human rights, income distribution, income support, inequality, minimum wage, NDP, Ontario, poverty, progressive economic strategies, recession, social policy.
July 24th, 2011
The European University Association (EUA) recently released a report they’d commissioned entitled Global University Rankings and Their Impact. The report was written by Andrejs Rauhvargers. According to the EAU, one of their major motivations in commissioning the report was that their member universities are “often under pressure to appear in the rankings, or to improve their position in [...]
The parenthetical reference to Canada in my last post prompted several good comments. This post attempts to summarize and address them. Dr. Stockhammer has co-authored a paper with estimates for Canada, but he would be the first to note that they are mechanical and not necessarily relevant to policy. He finds that Canada’s domestic economy [...]
Earlier this month, I served as the discussant for a presentation by Engelbert Stockhammer, an economics professor from Kingston University in London. He was speaking at a conference organized by the workers’ representation to the International Labour Organization (ACTRAV). Stockhammer reviewed two antithetical strategies for economic growth. The pro-labour strategy aims to increase wages by [...]
The following is the press release of a new initiative to examine the future of monetary policy, based on the core sentiment that growth is not enough. “Dynamic, stable and sustainable” is the goal, for the economy… and monetary policy. Full employment is featured as a key – and largely ignored – objective of central [...]
Book Review of Humanizing the Economy: Cooperatives in the Age of Capital, by John Restakis, New Society Publishers, 2010. The economy is about business, right? Sure, we have a dynamic mixed economy, and most people support decent social programs and government intervention to protect the environment or to improve living conditions for the poorest. In [...]
Jack Layton unveiled the NDP’s policy platform today. Among other things, it promises to eliminate the deficit (i.e. balance the federal budget) within four years. I’m not sure it should. Several years back, I had the opportunity to take a directed reading course from John Smithin. In addition to being a long-time member of the [...]
Posted by Nick Falvo under budgets, debt, deficits, economic growth, economic thought, election 08, election 2011, federal budget, GDP, interest rates, macroeconomics, monetary policy, NDP, party politics, PEF, progressive economic strategies, recession.
April 10th, 2011