Tuesday, November 13, 2018

Tuesday Morning Links

This and that for your Tuesday reading.

- Tom Kibasi writes that the UK's best option in light of its impending Brexit is to develop a more active and entrepreneurial state:
So in a sense, Brexit changes everything and changes nothing: it exacerbates the UK longstanding problem with an investment rate that was already far below our international competitors at the time of the referendum. It makes it harder to achieve escape velocity from an economic model that isn’t working to one that does.
We know that rather than crowding out investment – as free marketers claim – greater public investment in fact crowds it in. Brexit will therefore make it even more important to get public investment up, not less. And with interest rates close to zero, a programme of quantitative easing that has not been wound down, fiscal policy will be the only option left to lift Britain out of any future recession. It is therefore illogical to say that Brexit must mean more austerity. It must mean the reverse. Paradoxically, the right response to Brexit is to become a more European economy, with a more active and entrepreneurial state. 
- Meanwhile, Brett Christophers examines the large-scale privatization of land in the UK - with roughly half of its remaining commonwealth in land by area, and more than that by value, having been sold off since 1979.

- Callum Burroughs discusses how the oil industry is failing to put its money where its mouth is in developing renewable energy even as it pours tens of millions of dollars into squelching any public policy improvements. And Chantal Hebert points out that the mindless oil industry jingoism being parroted by right-wing parties across much of Canada looks to be political poison for the federal Cons in Quebec.

- Troy Henderson notes that public-sector wage caps and general job precarity serve to drive down wages and working conditions for everybody.

- Taylor Scollon suggests that the disproportionate political influence of big money could be counterbalanced by ensuring that campaigns are financed through public dollars distributed based on voter choice.

- Finally, Brent Patterson is hopeful that Canada will see a wave of progressive millennial activists emerge comparable to the ones which are already reshaping politics in the U.S. and the UK.

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