Posts Tagged ‘globalization’

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A wartime economy is a very particular thing

Wednesday, March 25th, 2020

When there is only one economic objective, and everyone agrees what it is, central planning works tolerably well… Good policy ideas that are, for one reason or another, politically impractical at most times often become possible in crises, when the risks and rewards of experimentation are seen rather differently. The baby bonus came out of the Second World War. Perhaps some form of basic income will be the legacy of “World War C.”

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Federal COVID-19 aid needs speed, and space to grow

Tuesday, March 24th, 2020

Many of us know the current system is broken and prioritizes profit over people and their well-being. The pandemic is making those cracks clear. The response to the pandemic has shown that the government has the capacity to act in the public interest on a massive scale – job-protected paid sick leave for all workers was not on any government’s agenda before last week. We will need to carry that urgency to build a better society with us into the recovery to ensure that we do not return to “normal.”

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Postponing Retirement New Reality For Older Workers

Tuesday, March 24th, 2020

… given the COVID-19-related slump in the market, older workers may need to spend extra years on the workforce, or settle for a lower level of retirement income… Recognizing that working past age 70 will become more common in the future, Ottawa should also raise the age at which workers must stop contributing to tax-deferred saving vehicles and start receiving income from them to age 75 from the current 71… [and] amend OAS and the CPP to allow for the deferral of income from these programs to age 75

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When does social distancing end? These graphs show where we’re heading and why

Monday, March 23rd, 2020

… how and when to emerge from the current state of isolation[?] It’s a decision that means weighing the serious health risk that the new coronavirus poses against the crushing impact of prolonged social distancing on the economy, jobs, education and public life. It will also depend crucially on how long individuals are willing to maintain social-distancing practices.

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Beyond the fog of the pandemic, there is a new energy future in sight. Let’s go build it

Monday, March 23rd, 2020

Canada’s energy industry is part of the solution to the global climate crisis. We are developing Canadian technologies and processes that dramatically reduce carbon emissions and provide the world with cleaner sources of energy… The COVID-19 crisis can be the turning point we needed.

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Are Canadians Ready to Ditch GDP as a Key Prosperity Indicator?

Monday, March 16th, 2020

In 1968, the late Robert F. Kennedy… pointed out in a famous speech that gross domestic product “measures everything… except that which makes life worthwhile.” More than 50 years have passed since that speech, and even though several pundits have noted the limitations of GDP as an indicator of human well-being, most countries and politicians are still fixated with GDP growth as a primary indicator of progress. But change seems to be coming.

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In the midst of converging crises, the Green New Deal is the answer

Sunday, March 15th, 2020

… the response to this period of converging crises is a once-in-a-lifetime opportunity for the federal government to initiate a reset of our economy and society, putting Canada on a path toward zero emissions, and bringing immediate material benefits and enhanced, 21st century universal public services to everyone – prioritizing Indigenous, racialized and working class communities – that is, the people who need them most.

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Ottawa commits billions to help people hit by the economic fallout of COVID-19

Saturday, March 14th, 2020

The federal government will open the spending taps to throw an economic lifeline to Canadians and businesses as the spread of COVID-19 exacts a growing financial toll, from empty restaurants and theatres to a gutted travel sector… Friday’s rate cut and the government’s promise of aggressive stimulus spending underscores how quickly the crisis is moving and how seriously federal officials view the threat to the economy.

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Why Canada needs a new social contract for the digital economy

Thursday, March 5th, 2020

When Canada evolved from an agrarian economy to an industrial one, we developed a new social contract for the times — public education, a social safety net, securities legislation, laws about pollution, crime, traffic, workplace safety and countless non-governmental civil society organizations arose to help solve problems. It is time to update these agreements, create new institutions and renew the expectations and responsibilities that citizens should have about society.

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It’s time to rethink the social contract for our rapidly changing world

Monday, February 17th, 2020

… lifetimes are getting longer but… households are saving ever less to cover their retirement years … in 2017, more than… 41 per cent did not save for retirement; 20 per cent did not save at all; and 12 per cent do not have a six-month savings buffer… the labour market is changing in a way that some are being left behind, income polarization is only growing and it appears that every generation feels they are being denied access to the economic party.

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