- Robert Reich discusses how our economy is rigged so that the self-proclaimed risk-takers actually can't lose:
I don’t want to pick on Ms. Mayer or the managers of the funds that invest in Yahoo. They’re typical of the no-lose system in which America’s corporate and financial elite now operate.- Meanwhile, Daniel Tencer reports on the Canada's increasing stratification and decreasing social mobility. Maggie Thompson discusses the crushing burden of student loan debt on young workers from poor backgrounds. And Sarah Jane Glynn looks at the difference in paid leave and workplace flexibility among different types of workers - with those benefits serving as just one more area where precarious work tends to be more difficult.
But the rest of America works in a different system.
Theirs is cutthroat hyper-capitalism – in which wages are shrinking, median household income continues to drop, workers are fired without warning, two-thirds are living paycheck to paycheck, and employees are being classified as “independent contractors” without any labor protections at all.
Why is there no-lose socialism for the rich and cutthroat hyper-capitalism for everyone else?
Because the rules of the game – including labor laws, pension laws, corporate laws, and tax laws – have been crafted by those at the top, and the lawyers and lobbyists who work for them.
- Brian Postl and Pierre-Gerlier Forest write about Canada's urgent need to invest in indigenous health. And the Star's editorial board lists child care and pharmacare among the social needs calling for immediate attention from the federal government.
- Jeremy Nuttall reports on Nathan Cullen's justified concerns that the Libs' only plan for electoral reform is to put it off.
- And finally, Geoff Leo exposes the exorbitant fees being demanded by Saskatchewan's government for information about the shady Global Transportation Hub land dealings.