In an important new book Keynes Against Capitalism: His Economic Case for Liberal Socialism (Routledge, 2019) James Crotty argues that Keynes was a socialist who advocated a much more radical economic agenda than most mainstream economists and political analysts realize. Based on a very close reading of Keynes’ work, Crotty argues that core Keynesian economic ideas should inform democratic socialism […]
Read moreAfter the fall of the Berlin Wall, there was a widespread sense that liberal capitalism had triumphed in the battle of ideas, and that socialism as a plausible alternative was pretty much dead. But the many crises of contemporary capitalism – obscene levels of economic inequality, looming ecological disaster, the rise of the racist and anti democratic populist right, the […]
Read moreThe Broadbent Institute and Douglas-Coldwell Foundation have just published a paper of mine as part of a larger project on social democratic renewal, The paper is mainly retrospective, and touches on social democracy as an approach to economic policy. Comments are most welcome. The link is here: http://www.broadbentinstitute.ca/reflections_on_the_social_democratic_tradition 1.0 Executive Summary: The purpose of this paper is to provide a […]
Read moreMedia Release Foundations for an Alberta Alternative Budget released today (March 14, 2017-Edmonton) Today, a coalition of researchers, economists, and members of civil society released a plan to boost Alberta’s economic growth while reducing income inequality. “For too long Alberta’s public services have been strained from decades of underfunding and reliance on volatile energy markets,” said contributing economist Robin Shaban, […]
Read moreA good parental leave system makes children more affordable, and improves gender equity in the labour force and at home. In Quebec, parental leave innovations include time reserved solely for the father, higher replacement rates, and flexibility. This has dramatically increased the number of fathers taking parental leaves, which in turn has a long-term impact on the distribution of labour […]
Read moreJ. King Gordon (b.1900, d.1989) was not a professional economist, though as a Rhodes Scholar he studied philosophy, politics and economics at Oxford while inhaling the Fabianism in the air. He was a progressive and a political activist who deserves to be remembered by us. Twice in his life he was there at the birth of promising, exciting, progress and […]
Read moreTony Blair, by any sensible yardstick, is a douchebag. Recently, The Guardian, under the headline “Toxicâ€, detailed Blair’s “downward spiralâ€. This included the revelation that he may have been having an affair with Wendi Murdoch, the now ex-wife of media mogul Rupert Murdoch. Blair was once good pals with Murdoch and Wendi and is godparent to one of their two […]
Read moreA recent online article suggests that Federal NDP Leader Thomas Mulcair is opposed to increasing federal tax rates. I find this quite surprising. According to the August 8 article: Mulcair seemed surprised when he was asked if taxes would go up under an NDP government. “You’re the first person who’s ever asked me that,†he said, adding quickly that they […]
Read moreFour years after Lehman Brothers collapsed, it’s time to take stock of things by asking a stock political question: Are you better off now than you were four years ago? Where you stand on the answer depends on where you sit. Many people, businesses and communities are still struggling to regain the ground they lost after September 15, 2008, the […]
Read moreThe following is an excerpt from Dr. Ryan Meili’s new book, A Healthy Society: How a Focus on Health Can Revive Canadian Democracy. There’s a family that comes frequently to the West Side Clinic; we’ll call them Lucas and Annie. Hardly a week goes by that I don’t see them in for a medical visit or just hanging out in […]
Read moreWith the NDP leadership debates soon to get underway, I thought I would post some thoughts on what themes and issues the party should be emphasizing To form a majority federal government, the NDP will have to make another big leap, from 30% to about 40% of the popular vote, with much of that increase concentrated in growing suburban areas […]
Read morePollsters 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 credits would be valued at […]
Read moreOn Saturday, May 7, The Toronto Star, published a front-page “Exclusive” article entitled “What Really Sunk Ignatieff and the Liberals”, written by veteran reporter Linda Diebel. You can read it here: http://www.thestar.com/news/canada/politics/article/987422–exclusive-what-really-sunk-michael-ignatieff-and-the-liberals?bn=1 Among the reasons it cites for the Liberal’s demise was the fact that during the April 12th leaders’ debate, NDP leader Jack Layton drew blood by calling out […]
Read moreWhile NDP supporters might be celebrating last night’s election results, the reality is that it was an umitigated disaster for Canada. The Tory majority will mean more tax breaks for corporations, the gutting of social services and cultural institutions, the widening of the already cavernous income gap, the public defunding of political parties, and the continual sell off of Canada’s […]
Read moreAn interesting intervention in the UK debate over the future of social democracy.
Read moreI would venture there are three reasons why social democracy is pretty much kaput: 1) a flawed ideology 2) the power of capital and 3) a propensity for selling out and drifting to the right. 1) Flawed ideology Ever since people have exploited other people’s labour for their personal gain, it’s long been the dream of the slave, serf, peasant […]
Read moreRob Ford, a belligerent right-wing serial liar with a proclivity for infantile temper tantrums and drunkenness, was elected mayor of Toronto this past week. Handily. This was after seven years of competent and scandal-free leadership by an NDP mayor, David Miller. The man Miller endorsed to replace him was a long-time NDP councilor renowned for his decency and sterling public […]
Read moreOver at Worthwhile Canadian Initiative, Stephen Gordon critiques the last federal NDP platform’s reference to “Canada’s wealthiest corporations†on the grounds that people, not corporations, own things. But as Declan points out in several pithy comments on Stephen’s post, corporations clearly can and do own things. The corporations that own the most valuable things in Canada can quite reasonably be […]
Read moreCSPI have just published the second edition of my book, Work and Labour in Canada: Critical Issues. While this is written mainly as a text for university level courses, others may find it useful as a resource on a wide range of labour market issues and trends, including the role of unions. The book can be ordered from CSPI or […]
Read moreThere’s a lot of talk on the net and in the media right about how to “unite the left” post election, with Murray Dobbin, many folks at rabble.ca and a few others talking about the need for an immediate coalition of the opposition parties to defeat the Conservatives. The project of some immediate union of the supposed left of centre […]
Read moreThe conventional wisdom may be that political parties cannot successfully campaign against tax cuts. But the federal NDP recently achieved its second-best electoral result ever by running squarely against Harper’s corporate tax cuts. South of the border, the US Democrats just won a massive victory partly by campaigning against the Bush tax cuts. In public opinion polls, citizens often prefer better […]
Read moreI’m surprised that Jim Stanford has not made a plug for his new book on this site. A modest one, our Jimbo. So let me say a few words about Economics for Everyone: A Short Guide to the Economics of Capitalism. Jim has outdone himself on this one. So many times I have had people ask me for a straightforward […]
Read moreDuring the sixteen years that the NDP governed Saskatchewan, provincial expenditures fell from just over 30% to just over 20% of Gross Domestic Product (GDP). This accomplishment is dubious for a political party committed to using government as a vehicle to redistribute wealth and finance important public programs. Why did the proportion of Saskatchewan’s economy available for these purposes decline […]
Read moreThe Saskatchewan Party won 37 seats with 51% of the popular vote and the NDP won 21 seats with 37% of the vote. Obviously, the Saskatchewan Party’s victory is bad news for progressives. The provincewide figures mask significant regional variations. Outside of the main cities, the Saskatchewan Party won 27 seats with 62% of the rural vote. Two of the […]
Read moreA recent debate on strategic voting between Erin Weir and Matthew Bergbusch prompts me to wonder the extent to which liberals are more progressive than conservatives in the federal political arena. I think we can mostly agree that on social issues, such as gay or women’s rights, the liberals do stand on the left of the conservatives. And this is […]
Read moreLeading Canadian economist Richard Lipsey (with co author Swedenboorg) has written quite an interesting paper for the NBER, “Explaining Product Price Differences Across Countries.” http://www.nber.org/papers/w13239 The abstract reads as follows: “A substantial part of international differences in prices of individual products, both goods and services, can be explained by differences in per capita income, wage compression, or low wage dispersion […]
Read moreA friend just pointed a UN treaty (the International Covenant on Economic, social and cultural rights), to which Canada adhered in 1976, which states that signing parties should strive to tend towards free tuition for post-secondary education. It is in fact one of the “nine core international human rights treaty” (dixit UN website). The relevant article (see provision c) and […]
Read morehttp://www.cepr.net/documents/publications/sweden_unemployment_2007_06.pdf Right-wingers have countered social democratic citation of the Swedish model as a success by claiming that Sweden has high but hidden unemployment – a claim that recently helped defeat the Swedish social democrats. True, active labour market policies do provide a fair bit of government subsidized employment in Sweden, but, on the other hand there is a lot of […]
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