Posts Tagged ‘globalization’

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Good Theory, Good Practice: Seven Principles for a New Political Economy

Wednesday, July 7th, 2021

Mission Economy… speak[s] about how we can restructure the economy to tackle the biggest challenges of our world… There are… seven key pillars to a better political economy that can guide a mission­-oriented approach… one that encourages a mission­-oriented approach and builds an economy driven by public purpose and citizen engagement. 

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For Canada’s immigration detainees with disabilities, even fewer rights are afforded

Sunday, July 4th, 2021

Canada should stop holding people with disabilities in immigration detention… Canada should redesign the role of designated representatives by requiring them to provide support for decision-making. This could mean providing information in a simple and easily understandable way, in order to enable immigration detainees to follow the process and directly participate.

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A global minimum corporate tax is an important step toward fairness

Monday, June 7th, 2021

The whole idea of a minimum global tax is to prevent multinationals from tax-shopping, so it will be effective only to the extent that many countries agree to it. The next step is to get the bigger G20 group on board, and then there’s the Organization for Economic Development and Cooperation… the biggest companies that have flourished during the pandemic, should pay their share.

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Governments paid billions to help develop COVID-19 vaccines — so why is Big Pharma charging us billions more for the vaccines we helped create?

Thursday, June 3rd, 2021

If we think of war profiteers as being lower than a snake’s belly, what are we to make of the drug industry’s pandemic profiteers? … Canada, like other government funders in this global crisis, is not expecting to recover its costs in funding COVID-related medicine…  governments that fund research that is used in lucrative commercial drug production must demand a return on their investment. 

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Trudeau should join Biden in rejecting suffocating ‘trickle-down’ economics

Thursday, May 6th, 2021

Trudeau has shown some spine against the deficit hawks, but he has been timid about joining Biden’s campaign to tax the wealthy… Too bad. We could sure use the money to pay for needed programs. Besides, when nations co-operate, corporations have a hard time playing us off against each other in pushing for ever-lower taxes… if other countries follow the U.S. in policing their corporations this way “it’s the end of tax havens.”

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Budget 2021: A few steps forward on tax fairness, but much more needed

Thursday, April 22nd, 2021

… the federal government could raise an additional $70 billion annually, by making our tax system more progressive, closing tax loopholes and tackling international tax dodging… “We’re glad this budget includes plans to close some corporate tax loopholes, including limits on interest deductibility, and increases funding for the CRA to tackle tax avoidance and evasion, but it’s time for the Liberal government to be much more ambitious, and have corporations pay their fair share of taxes”

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Throwing money at Big Pharma won’t guarantee vaccine supply

Thursday, April 8th, 2021

Now we’re poised to give Sanofi hundreds of millions of taxpayer dollars in the hope of ensuring a future vaccine supply… If we really want a biotech company we can rely on and that doesn’t hold a gun to our head, we should spend our money creating an enterprise that we actually own and control – a little secret learned by Cuba and, decades earlier, by the brilliant Canadians who created Connaught.

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Will Canada’s Federal Budget meet the COVID-19 Challenge?

Friday, March 12th, 2021

Responding to an unprecedented crisis, the federal government mobilized billions in new support programs within weeks – an important “possibility proof” that rapid social policy change can happen. The fact that the sky did not fall when governments increased their deficits by billions of dollars also clearly demonstrated that the barriers to a better social safety net are political, not economic. The pandemic is the formative experience that will shape the lifetime political perspective of a generation.

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From Keynesian Consensus to Neo-Liberalism to the Green New Deal: 75 years of income inequality in Canada

Friday, March 12th, 2021

… slowing growth and the concentration of income gains at the top produced widening income gaps, increasing discontent and political instability—even before COVID-19 hit. In the post-COVID-19 era, the Green New Deal emphasizes social and environmental sustainability, and is reflective of the economic policy changes that likely lie ahead. 

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Canada will have a $1.6-trillion debt by the end of the year due to the pandemic. Here’s why some economists say we shouldn’t sweat it

Sunday, March 7th, 2021

Blessed with historically low interest rates, which show little sign of rising, and one of the healthiest debt-to-GDP ratios in the developed world, Canada cannot only service its pandemic bill, but thrive on the other side, many experts say… there’s little doubt that the country’s economy will bounce back to some extent in post-pandemic times and that the increased revenues produced by that rebound will help lessen the debt’s impact.

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