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Traditional Economics Has Absolutely Screwed Us

Monday, May 13th, 2019

Conventional capitalism is failing because it considers the services provided by nature such as oxygen and food production as free and limitless. Only an economist could fail to see how a collapsing biosphere might be bad for business… The UN study found that $325 billion in subsides shoveled at the fossil fuel industry around the world actually result in $5 trillion in costs to degraded natural systems on which our survival depends.

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How Billionaires and Big Pharma Battled Canada’s National Drug Plan

Monday, April 8th, 2019

Batt found powerful players — including insurance and drug companies — profit from the current system. And that they had unleashed a major, expensive lobbying, PR and public campaign to fight a national pharmacare program… It’s time Canadians enjoyed a common sense pharmacare plan built to provide coverage for everyone, control costs and keep prices down. It’s time to do what’s right for the public’s health and the country’s economy.

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Meet the Economist Advising BC on Whether to Go Ahead with a Basic Income

Monday, January 21st, 2019

Throughout the 1980s and into the 1990s, much of the growth in income inequality in Canada was tempered with taxes on higher-income people and generous social programs… “Somewhere around the mid-1990s, the bargain broke down,” Green said. Governments at all levels rolled back social spending and made tax cuts, allowing inequality to grow unchecked… “In a society this rich we should not have people living on the street.”

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Why BC’s Carbon Tax Worked

Tuesday, January 15th, 2019

If we’re ever going to get to a carbon neutral or carbon negative economy, placing a price on carbon is going to be a necessary part of that effort… Fortunately, there is a proven solution that facilitates the carbon dioxide emission reductions that carbon taxes are intended to achieve while also taking into account the burden these taxes impose upon society. Simply make the carbon tax revenue neutral, taking special care to use the money it generates to prioritize tax reductions for the poor, middle class and rural residents affected most.

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