Thursday, August 08, 2013

Thursday Morning Links

This and that for your Thursday reading.

- Stephen Beer argues that the UK's Labour Party should take the lead in arguing for a financial transactions tax oriented toward reducing inequality:
The banking sector is incorrigible. It cannot alone reform itself or repair its relationship with the rest of society. For example, just before his retirement, Bank of England governor Mervyn King reported that banks were lobbying government ministers against action by regulators. It is almost as if the financial crisis never happened; banks are still lobbying for lighter touch regulation.

There has been little remorse from the sector during a time when living standards have been falling and the country has been stuck in an economic depression for more than half a decade.

Moreover...if we are going to talk about remorse, we should also look for repentance. Repentance is more than saying sorry. It is about turning away from the old way of doing things and going in a new direction.
- Uniglobal discusses a recognition strike by Amazon's employees in Germany.

- Chris Severson-Baker considers the Cold Lake blowout to be the first real test for Alberta's new industry-operated regulatory system. Needless to say, the results so far aren't encouraging.

- Meanwhile, having extracted as many profits as it could by operating unsafely, MMA has managed to cloak itself in court protection to avoid liability for blowing up much of Lac-M├ęgantic.

- Finally, Michael Geist comments on the U.S.' continued attempts to force ever more draconian copyright laws on Canada and other countries - primarily to preserve cash cows for Disney and other corporate conglomerates.

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