Posts Tagged ‘globalization’

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In the long arc of human history, 2019 has been the best year ever

Thursday, January 2nd, 2020

NYTimes.com – Opinion December 31, 2019.   Nicholas Kristof Nicholas Kristof: I fear that the news media focuses so relentlessly on bad news that we leave the public believing that every trend is going in the wrong direction If you’re depressed by the state of the world, let me toss out an idea: In the […]

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Nobel winner: don’t just listen to economists with ‘stake in the system’

Wednesday, January 1st, 2020

The voices that do get heard tend to be “people who call themselves economists but are actually working for a bank or have a stake in the system the way it is” – a minority within a profession where views were actually “much richer and more sophisticated, much more ideologically diverse”… Good Economics for Hard Times: Better Answers to Our Biggest Problems, published on 12 November by Allen Lane, is designed to “hold on to hope”

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Capitalism is the greatest force for human advancement that we have

Friday, December 27th, 2019

… four-fifths of starvation-level world poverty had been eradicated since the 1970s… What happened? It was globalization… It was free trade… It was property rights and the rule of law… I am not a radical. I will not tell you that we need no regulations. I will not say that we do not need reform… Find better ways to regulate it. Tax people more… If we let capitalism thrive, if we share it… then we can lift up the next two billion people together.

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Embracing good will this Christmas

Tuesday, December 24th, 2019

In some sense, our schools, libraries, hospitals, public parks, social housing, legal and social assistance programs all speak to a type of structured good will. These are all places that promote collective caring. These are some expressions of the social dimensions of good will toward all, not just those who can an afford the finer amenities of life.

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How $15 billion in bonuses leaves bankers gloomy

Wednesday, December 18th, 2019

The country’s six largest banks are dishing out $15 billion in bonuses this year. But, in the eyes of some, this isn’t enough… It… reveals how misleading media reports can be, particularly about high finance, with insiders allowed to peddle their self-serving agendas unchallenged… Canada’s big six banks have gotten away with paying extremely low taxes — the lowest in the G7.

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Care for Canada’s seniors shouldn’t be offloaded onto foreign multinationals

Wednesday, December 11th, 2019

There are areas in which the federal government should undoubtedly play a role in this country. Senior care is not one of them… Surely, this needs to be the sole purview of the province. Why are private care homes protected from facing fines when they fail to live up to their obligations? They can only be temporarily taken over or closed down permanently… Maybe if they were fined they’d clean up their act before that was necessary.

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Canada is rich – and cheap

Monday, December 9th, 2019

Canada is the third-richest country in the G7 and the best in class with government finances… [On military spending or Official Development Assistance] Whether Ottawa likes or doesn’t like input or output measures, or GDP or GNI ratios… these are measures of burden sharing… That was the essence of Mr. Trump’s criticism of Canada this week at the NATO Summit.

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Canada should enforce its own labour standards

Monday, December 2nd, 2019

Provinces like Ontario let employers avoid labour standards, such as the right to vacation pay, by pretending that their workers are self-employed, independent contractors. Provinces like Ontario have also deliberately not kept their labour laws in sync with the requirements of the new economy – one characterized by franchising, digital employment and part-time work… [They] don’t enforce the labour standards that do exist. Citing budget constraints and an aversion to red tape, they cut back workplace inspections and respond inadequately to real complaints.

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Do tax policies that contribute to competitiveness also create inequality?

Sunday, December 1st, 2019

Tax levels are rarely the first consideration for investors, unless the “investment” is a tax dodge… regulations matter, proximity to markets matter; and so do… a healthy and well-educated work force, well-maintained infrastructure, reliable energy, transportation and communications systems, and a robust justice system backed by widely trusted social institutions.

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Here’s why you should like the federal carbon tax

Wednesday, November 27th, 2019

An escalating carbon price, on the other hand, would allow GDP per capita to grow steadily so long as the proceeds of the carbon tax are redistributed to taxpayers, as the current plan foresees… By… 2030 and the emissions reductions are in the bag, Canadians would each be $3,300-a-year richer under carbon pricing than under the large-emitter-only scenario.

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