Showing posts with label louis-philippe rochon. Show all posts
Showing posts with label louis-philippe rochon. Show all posts

Wednesday, July 26, 2017

Wednesday Morning Links

Miscellaneous material for your mid-week reading.

- Louis-Philippe Rochon discusses the need for monetary policy to be better coordinated with fiscal policy to ensure both sustainable economic growth and a more fair distribution of wealth:
Monetary policy has been a failure. It has failed to encourage growth, as has been plainly obvious in this lost decade, and has been uninspiring. Not many economists dare to speak out against the wisdom of central banks and their inflation targeting quest for fear of being ridiculed or being denied tenure.  But the recent history of central banking reveals an ineffective pursuit of inflation, and at tremendous social costs.

It is time to do three things.
  • First, we need to seriously rethink monetary policy, its purpose and objectives. Is inflation a worthwhile target? If so, is monetary policy an efficient policy tool? My own research is clear: no and no. If that's the case, what role do rates really play? Well, we know they have redistributive properties, so perhaps we should focus on that. Indeed, raising rates will have an impact on wage gains, but also on rentier (money derived from natural resources) income.
  • Second, we need to explore other acceptable objectives. Economic growth, income redistribution and low unemployment are all a good start, but that would imply keeping rates low. To counter possible speculative financial activities, we need robust regulations.
  • Finally, we need to rely much more on fiscal policy and embrace its ability to deliver on economic objectives such as growth and employment. We've had three decades of favouring financial interests. It is time for the pendulum to swing back and  prioritize policies that will deliver wage gains, a higher standard of living for working Canadians, and increased focus on  ecological and environmental concerns.
- Noah Smith discusses the racial discrimination still reflected in U.S. lending policies and wealth distribution. Maia Szalavitz points out how the fundamental attribution error causes people to unduly blame less wealthy people for their circumstances. And Alexandra Mateescu writes that the gig economy is only exacerbating the mistreatment of vulnerable workers.

- Michael Kinnucan highlights the difference between marching and organizing in the pursuit ot social change, while noting that any real improvement depends on the latter.

- Finally, Tammy Robert calls out the Wall government for pretending its own excuse for a climate change program doesn't include substantial public expense. But I'll add the qualification that it's questionable whether the money blown on Boundary Dam reducing emissions, meaning that Wall may simply have us spending billions for no purpose other than to subsidize the oil industry.

Monday, March 06, 2017

Monday Morning Links

Miscellaneous material to start your week.

- Louis-Philippe Rochon chimes in on why Justin Trudeau's faux populism is entirely beyond belief when compared to his actions while in power:
Since coming to power, the prime minister has openly pursued policies that have only exacerbated the economic situation by raising corporate profits, and by contributing to the existing precarious job market.

For instance, his unflinching support of the EU-Canada Comprehensive Economic and Trade Agreement is not all good news for Canadians. In a recent study using the United Nation's Global Policy Model, economists Pierre Kohler and Servaas Storm estimate that in the long run, CETA will actually cost Canadians jobs.

"CETA would lead to net losses in terms of employment, personal incomes, and GDP in Canada," the authors say.

Moreover, Trudeau has also mused publicly about privatization and deregulation, core ideas of the neoliberal model that exacerbated income inequalities and contributed to the great financial crisis in 2007.
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But the oddest of contradictions is that after more than a year in office, Trudeau has done nothing, or very little, to alleviate the burden of the working class and reduce inequality.

After all, he is prime minister and there is much he can do. He has the ability to put an end to many of the ills he mentioned.

Don't like high corporate profits? Well, tax them, and raise corporate tax rates. Don't like low-paying jobs and precarious part-time jobs? Well, stop complaining and do something about it: actively pursue job creation or better yet, full employment.

You want cities to adopt a living wage? Then call a meeting of mayors in Canada and spearhead the policy. Show them the benefits of such a policy and how it would help working families, single mothers and young Canadians.

Don't like corporations not paying their share of taxes? Then close those loopholes that allow them to have offshore accounts that rob the government of billions of dollars in revenue.
- And Miles Grant highlights why the prescriptions to deal with poverty and inequality from the neoliberal centre are utterly useless.

- Stephanie Ross discusses the growth of precarity both in work and in life. And Jason Hickel points out the role a basic income could play in reducing its effects on both fronts - provided it's seen as a matter of rights rather than charity. 

- The Economist analyzes the potential effects of a tax on automation both to fund needed social supports, and to ease anticipated technological adjustments. 

- Finally, Martyn Brown argues that John Horgan's success in this year's British Columbia election depends on his taking a strong stance in favour of a people's agenda. And Libby Davies offers similar advice to the next federal NDP leader, while also highlighting several of the policy areas which look ripe for development.

Tuesday, January 10, 2017

Tuesday Morning Links

This and that for your Tuesday reading.

- Jesse Ferreras reports that Canada's supposed job growth has included almost nothing but part-time and precarious work. And Louis-Philippe Rochon points out how the influence of the financial sector has led to economic choices which serve nobody else's interests:
What makes governments hesitate to pursue policies they have been told would benefit the economy and the working class?

I am forced to conclude that these choices do not depend on economic factors, but rather on political ones, and in particular, the over-influence of finance and financial leaders in the political arena.

Full employment is possible, if governments chose to pursue it. Nothing stops government from adopting policies that would reduce the great inequalities in income by increasing marginal tax rates, adopting inheritance taxes and more.

Inevitably, however, these policies would hurt the financial elites who have become way too tangled up with the political class. It would also inevitably shift social power toward the working class and away from finance. 
- Jim Stanford writes that much of the dogma underlying corporate free trade deals is at long last being met with scrutiny. And Noah Smith comments on the constant - and unfair - assumption that public policy shouldn't even be considered as a means of improving people's lives absent some discrete market failure.

- Andrew MacLeod reveals the results of the B.C. Libs' attempt to dodge a modest boost to the Canada Pension Plan - showing that two-thirds of respondents favoured the expansion which the Clark government tried to undercut. 

- Jessica Elgot reports on Jeremy Corbyn's call for a maximum wage law in the UK. And the Guardian's panel response offers plenty of food for thought - particularly to the effect that where the problem to be addressed is the disproportionate accumulation of income and wealth, the right policy prescription is likely through taxes rather than regulation.

- Finally, Andrew Coyne discusses the radically difference models which give rise to varied views on a basic income, while noting that Hugh Segal's proposed pilot program will offer a useful study of a model which should appeal to all sides.

Wednesday, June 29, 2016

Wednesday Morning Links

Miscellaneous material for your mid-week reading.

- Mary O'Hara reviews Daniel Hatcher's new book on the U.S.' poverty industry which seeks to exploit public supports for private gain:
(A) new book published last week by law professor and advocate Daniel L Hatcher, The Poverty Industry: The Exploitation of America’s Most Vulnerable Citizens, exposes a largely unrecognised yet deeply disturbing additional dimension to the issue: the vast scale of disadvantaged people being fleeced for profit. In this meticulously researched book Hatcher, who has represented vulnerable people in court for years, including children in foster care, lifts the lid on a system that rather than helping the needy, systematically turns them into “a source of revenue”.

His summary of what he has coined the “poverty industry” is: “the private sector partnering with the state and local governments to use the vulnerable as a resource for extracting funds … strip-mining billions in federal aid and other funds from impoverished families, abused and neglected children, the disabled and elderly poor”.
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(T)the book cites multiple incidences of children in care and older people in care homes, as well as young people in juvenile detention, being drugged to save money in staffing costs. In one state, 40% of all foster children were sedated using psychotropic drugs.

The resurgence of debtors’ prisons in some states, which trap the poor in a cycle of debt, is also featured. “Low-income defendants are first saddled with unmanageable court fines and fees, then the courts hire private collection agencies, probation companies … all tacking on more and more fees to the debts of the poor,” Hatcher says. One judge in Alabama told litigants to sell their blood to pay fines, or end up in jail.

As the book so clearly points out, if there wasn’t money to be made from the poor, there wouldn’t be so many companies vying for contracts and lobbying for a piece of the pie.

Hatcher’s analysis is a cautionary tale. Some companies chasing lucrative contracts in the US do the same in the UK. Private does not equal better, or more efficient. The only thing that matters is the welfare of the most vulnerable.
- And Ryan Moore points out that the Harper Cons' dumb-on-crime policies continue to push marginalized populations into a vicious and costly cycle - and there's little apparent indication that the Libs plan to change course.

- Louis-Philippe Rochon sees the Brexit vote as a working-class response to being neglected by governments of multiple political configurations, while the Resolution Foundation notes that most of the British public is facing at best a stagnant standard of living. And Mariana Mazzucato observes that austerity is the main culprit in limiting opportunities for all but the privileged few.

- Brent Patterson makes a case against selling off Canada's commonwealth - whether or not under some new label such as "asset recycling".

- Finally, Stefani Langenegger reports on the massive cost of the Saskatchewan Party's carbon capture and storage schemes compared to other forms of power. And David Suzuki examines the broken records linked to our climate crisis - as new highs in renewable energy development are still falling far short of what's needed to slow the rise of equally unprecedented climate conditions.

Wednesday, June 15, 2016

Wednesday Morning Links

Miscellaneous material for your mid-week reading.

- Louis-Philippe Rochon reminds us why even if we were to (pointlessly) prioritize raw GDP over fair distributions of income and wealth, inequality is bad for economic growth in general:
The more we redistribute income and wealth, the more consumption increases, which then increases demand. In turn, this should encourage the private sector to invest, thereby accelerating the growth process.

So reducing inequality, in addition to social and health benefits, has important economic implications: our economies grow, and growth itself becomes less volatile. In short, inequality is bad economics.
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To restart economic growth, a major preoccupation of many Canadians, there are a number of policies that can be adopted. For instance, higher incomes can be taxed at a much higher marginal rate, including capital gains and income earned from dividends; wealth can also be taxed more.

In light of the Panama Papers, government can close tax loopholes; we can also prevent the private-sector practice of buying back their own shares, which unnecessarily inflates the dividends of shareholders, which in turn favours short-term financial gains to the detriment of long-term economic growth.

Finally, we can adopt a full employment policy.
- Meanwhile, PressProgress points out new research by Cristobal Younga, Charles Varnera, Ithai Lurieb and Richard Prisinzanob showing no statistically significant connection between tax rates and millionaires' locations - signalling that there's no reason to take seriously any threat that more progressive taxes will lead the wealthy to move to avoid paying their fair share.

- Aru Pande discusses how U.S. non-profits are being forced to try to fill in glaring gaps in public services for children living in poverty.

- Ian McLeod reports that the Libs' plans to do anything about C-51 are limited to secret Parliamentary oversight after the fact - meaning that the public will have continue to have no idea how its rights are being violated. And Michael Geist writes that there's no longer any doubt just how much needless surveillance is taking place in Canada.

- Finally, Zeynep Engin reviews Beth Simone Noveck's Smart Citizens, Smarter State on the future of governance:
The key terms that I believe best describe the spirit of the book emerge as ‘targeted expertise’, ‘crowdsourcing’, ‘experimental governance’ and ‘citizen engagement’. Instead of the traditional advisory committee model that mainly relies on stakeholder representation (missing the epistemic value of committee membership) and typically produces a report or a set of recommendations over months or even years, Noveck suggests that new technologies should allow us ‘to make consultation on a day-to-day basis and to strive for constant conversation with an engaged and knowledgeable public’. Going beyond ‘crowdsourcing widely to crowdsourcing wisely’ to match the right experts to the right opportunities on a large scale is more likely to lead to faster and better decision-making. Modes of expert engagement can be accommodated at all stages of ideation, discussion, formulation and assessment as opposed to limiting public participation to consultation on pre-formulated drafts of ‘professional policy-makers’ in government departments. This would also lead to redefinition of ‘the public service and the public servant as the steward of such a conversation’. The challenges with this type of engagement and potential strategies to overcome them are also covered widely.
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Those with technology and ‘hard’ sciences backgrounds would hugely benefit from a comprehensive understanding of government and policy domains in order to set new research agendas with significant potential for wider impact. At the other end of the spectrum, those with politics and social science backgrounds would find it very helpful for understanding the current technologies of expertise and the new trends in public decision-making, offering great promise for transforming the ways that governments should operate under the ongoing data revolution.
 [Edit: fixed typo.]

Tuesday, April 26, 2016

Tuesday Morning Links

This and that for your Tuesday reading.

- Harry Leslie Smith writes about how an increasingly polarized city such as London excludes a large number of its citizens from meaningful social participation:
(A)usterity has diminished the opportunity of the young and shortened the lives of the old. Even libraries – the life blood of any community – have been savagely cut in many London boroughs leaving senior citizens with one less free space to gather, learn and socialise. London may be a great city to live in if you are an elderly member of the elite. But for everyone else it is a trap where upon retirement you must sell your home, if you are lucky enough to own, and move on to greener pastures – or if you are a renter with few options and many connections to this city, you must remain like the poor of yesteryear, watching a pension that might do you well in Halifax only stretched to the third week of the month.
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London may become a city shorn of any diversity because extreme wealth will drive all those out but the rich and those who serve them. It would be a great tragedy if London lost its elderly not through the natural passage of time but through the brute ugliness of a one-sided economy. We have to remember that London without old people isn’t a city, it’s just a factory floor, a place where you work and shop, with no history, no past or future, just an endless present tense in pursuit of money.
- Meanwhile, the Economist discusses how austerity inevitably imposes far greater burdens on the poor than on the wealthy. And Truthout notes that those additional stressors lead to a measurable increase in suicides - meaning that lives are on the line when governments choose to stop doing their job of protecting the public.

- Eman Bare writes about the impact of ballooning student debt in delaying young workers' independence.

- Charlie Smith reports on the CCPA's study (PDF) showing the health and service risks of corporate medicine. And Lizanne Foster sets out the typical plan to turn public education into a profit centre at the expense of students and the public.

- Finally, Michal Rozworski and Louis-Phillipe Rochon offer some cautionary notes about a basic income as a solution to inequality. And Andrew Flowers surveys what we know - and don't know - from past and developing trials of the idea.

Sunday, December 06, 2015

Sunday Morning Links

Assorted content for your Sunday reading.

- Louis-Philippe Rochon highlights why we need governments at all levels to be working on stimulating Canada's economy, not looking to cut back:
The bank was referring to what economists call "secular stagnation": a long-period of very low growth, with all its obvious consequences on unemployment and income inequality. Secular stagnation is receiving increasing attention amongst academic economists, and rightly so; and it is something Canada should try avoiding at all costs.

Secular stagnation is like quicksand: the longer we stay in it, the more difficult it is to get out of, especially with governments insisting on cutting back spending.
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Economies are driven by demand, and yet, in the last few years, in Canada and elsewhere, governments have persistently adopted policies that purposely deflated demand, thereby condemning our economies to secular stagnation.

So the answer to both questions is the same: fiscal policy. This is why it is more important than ever that the government in Ottawa undertakes fiscal spending on a much larger scale. Yet, my only concern is that the proposed spending will likely not be sufficient: there is a general inability of the new government and technocrats to truly understand the serious nature of what is going on. It will require more than tinkering with fiscal policy. What we need is a full-fledged fiscal attack.

Combating secular stagnation will be difficult. Clearly, Canada cannot do it alone. It will require a concerted, international and sustained effort for several years.

What we need is a New Deal for this decade and beyond.
- Will Grice reports on Finland's work on implementing a national basic income - and the high level of support it's receiving from the public. And Matthew Yglesias points out that the gap between the corporate elite and the rest of the U.S. population was far smaller just a few decades ago than it's become since then.

- albertarabbit reminds us that there isn't much reason to expect a difference between the Libs and the Cons when it comes to putting corporate interests ahead of people.

- Meanwhile, Martin Patriquin too finds little evidence of change when it comes to the Libs' refusal to accept any criticism whatsoever. And Cathy Guill highlights the issues we should be addressing as a result of this week's news about the Trudeau family's publicly-funded nannies.

- Finally, Rachel Notley explains her government's much-needed efforts to ensure the safety of Alberta farm workers. And Naomi Lakritz writes that anybody protesting the effort has reason to be ashamed.

Sunday, November 22, 2015

Sunday Morning Links

This and that for your Sunday reading.

- Louis-Philippe Rochon explains how higher taxes on the wealthy can be no less a boon for the economy than for the goal of social equality:
In fact, empirical analysis shows that while the relationship between higher taxes and economic growth is complex, there is no proof that raising taxes on the wealthy will lead to slower economic growth.  In fact, in many countries, including Canada, higher growth rates in the post-Second World War era have been associated with much higher marginal tax rates.
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Between 1940 and 1980, the top marginal income tax rate in Canada was much higher, at well over 70 per cent. Despite these high rates, Canada's economy prospered. In other words, with a proposed new tax bracket in Canada of a mere 33 per cent, we are still far from reaching past levels, and even further away from levels that would be detrimental to tax revenues or even growth. We could increase it even higher with no repercussions on growth or even job creation, and the benefits of a less unequal wealth concentration could even have a positive effect on the economy.
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(H)ow can we explain higher taxes on the rich and higher growth? It seems counterintuitive. Yet, it isn't, for two reasons. First, higher taxes on the top one per cent reduce income inequality. Many studies show that a more even (or less uneven) distribution of wealth and income contributes to higher spending and growth.

In the case of Canada, the higher tax rate for high-income earners is compensated by lower taxes on the middle class, who then will have more money to spend. Since the top one per cent save a higher proportion of their income, raising taxes for them won't affect their consumption, just their savings.

Second, by collecting more tax revenues, governments can spend more, and there is a definite and proven correlation between higher government spending and higher economic growth, despite all the non-Keynesian naysayers. The data is clear on this.
- Juliette Jowit discusses the pathetic pace being made on the path toward gender pay equity. And Maureen Conway points out the need for both public policy and labour relations decisions oriented toward improved long-term outcomes - particularly given the glaring failure of short-term thinking over the past few decades.

- The Associated Press reports that a particularly egregious example of employer abuses is resulting in rare but well-deserved jail time for the perpetrator.
 
- Charles Mandel discusses John Brennan's observation that climate change is already (and will increasingly become) a major source of political instability, while David Roberts offers a useful analogy to gravity in assessing its effects. And Geoff Stiles offers a proposal as to how Canada can go from being a laggard to a leader at the Paris climate change conference.

- Finally, Doug Saunders writes about the importance of integration in order to combat extremism of all kinds. Tabatha Southey reminds us that hatred and ignorance between ethnic and religious groups only tend to reinforce each other. And John Cartwright notes that there's a particular need to speak out against bigotry in the wake of an election campaign where multiple parties including the deposed government deliberately stoked it for their political advantage.

Thursday, July 16, 2015

Thursday Morning Links

This and that for your Thursday reading.

- Carol Goar rightly criticizes Stephen Harper's plan to deal with an apparent recession by making Canada's economy even worse off through yet more cuts. Andrew Jackson writes that denying or ignoring an economic downturn won't make it go away, while Louis-Philippe Rochon traces its origins to the Cons' own ill-fated choices. And Michal Rozworski makes the case for stimulus which would both boost our economy in the short term, and better position it for the longer term:
(T)here is a space and an opening here in which to push for alternatives. The coming election is an opportunity to push the debate towards more than fumbling the ball better or worse. Far beyond that, however, there is room to orgainize around and popularize economic alternatives. The mainstream of the environmental movement is calling for jobs alongside climate justice. And here is a list of demands that was just released by the heads of the provincial labour federations:
  • $15/hour minimum wage across the country;
  • doubling of the Canada Pension Plan;
  • creation of an affordable national childcare program;
  • the revival of the Canada Health Accord;
  • comprehensive immigration strategy with a pathway to citizenship; and
  • establishment of a Green Jobs agenda for Canada.
Just these measures speak loudly in a desert of popular alternatives and they are but some examples. And the question of how to fund any of these demands will raise the question of who pays and how much: difficult, necessary questions that have their mirror in those about who has gained over the past two decades of growth.
- Larry Schwartz offers a jarring list of facts about the U.S.' gross level of inequality.

- Patrick Krueger, Melanie Tran, Robert Hummer and Virginia Chang find a direct relationship between one major dimension of inequality (variance in education) and mortality rates. And Kate McInturff examines gender inequality within and between Canadian cities.

- Finally, Patrick Wintour reports on the UK Cons' latest set of attacks on workers. And Zoe Williams writes that the move should only serve as a reminder of the vital role of labour in ensuring that increased wealth isn't concentrated only among the lucky few.

Wednesday, June 03, 2015

Wednesday Morning Links

Miscellaneous material for your mid-week reading.

- Michel Husson and Stephanie Treillet write that reduced work hours could do wonders for the quality of life for both workers who currently have jobs, and those seeking them:
The question is not so much if working hours will decrease, but how. The reduction can be general, with or without retention of monthly salary and compensatory hires; it can be targeted (precarity and part-time); or it can be extreme (unemployment).

Working-time reduction, collective and enforced by law, is an alternative to the expansion of part-time. Both fundamentally contradict each other.

There is a close link between working-time reduction and distribution of income. There are many ways to do it, each with obviously different effects on the distribution of wealth. The thirty-five-hour week has left wages unchanged, contrary to employers’ complaints, which accuse it of increasing the costs of labor. This result was achieved in two ways: by reducing social security contributions and by raising work intensity, which has reduced the policy’s potential for creating new jobs.

In other words, employers never stopped skimming productivity gains, thereby maintaining or even increasing their profit margins. These profits were not used to invest more, but to pay out more dividends. In 2012, an employee worked an average of twenty-six days per year for shareholders, instead of nine days in 1980.

What is not paid out to employees in the form of wage increases or job creation through working-time reduction is directly seized by the shareholders. This is why the rise and solidification of mass unemployment and this form of shareholder takeover (a good indicator of financialization) are two sides of the same “medal.”
- Adam Weinstein points out that nearly half of Americans would be unable to come up with even $400 in cash or existing credit to meet an urgent need - meaning that precarious work is being paired with even more precarious personal finances. And Louis-Philippe Rochon points out that Canada and the U.S. alike seem to be headed for a recession, meaning that many people living on the edge of disaster will soon find themselves headed into the abyss.

- Alana Semuels discusses how NIMBYism stands in the way of the construction of affordable housing where it can do the most good.

- Meanwhile, Erin Anderssen writes about the importance of stable housing as a vital element of treating many mental health issues. And the Globe and Mail argues that public support for psychotherapy represents another necessary component of an effective mental health system, while Ashley Csanady reports on the Mowat Centre's identification of pharmacare as another program which should be included in our universal health coverage.

- Finally, Economy At Work compares SaskTel to Manitoba's privatized equivalent and highlights just how much better off Saskatchewan is for retaining ownership of its own essential infrastructure.

Monday, June 01, 2015

Monday Morning Links

Miscellaneous material to start your week.

- Janelle Vandergrift reminds us that we should see ourselves as participating citizens, not mere taxpayers:
Taxes are a way to pool our resources and develop common infrastructure that can have a positive impact on us all. They build our roads and bridges, pay for our police and firefighters, offer support for raising children, provide income security and housing for people who are poor, contribute to foreign aid, and help to ensure our environment is clean and safe. All of these things are much cheaper and effective when we pay for them collectively. The taxes paid by previous generation benefits us today and the taxes we pay will hopefully benefit the generations of tomorrow.

"Taxes for the Common Good," a recent report from Citizens for Public Justice, summarizes up-to-date information on the costs and opportunities afforded by various federal tax policy options. It highlights the positive role taxes play in a democratic society.

Lower taxes are often promoted as the solution to all social problems, but rarely do we hear the risks. We don't hear about the good of programs paid for with tax dollars. We often forget the fact that we are the ones who benefit from the services and infrastructure that tax dollars provide. For more than two-thirds of Canadians, the benefit received from public services is equal to more than half their incomes. Corporations, who have seen record profits while their tax rates have fallen to record lows, benefit from our common infrastructure, too. They benefit from our stable economy and government, our roads and bridges, and from workers who have been educated in our schools. Yet, it seems that few are asking what is the real cost of tax cuts or who pays the price.
- Louis-Philippe Rochon nicely summarizes why we shouldn't believe austerity economics for a second - though we shouldn't kid ourselves into thinking that the Cons and their political cousins won't still continue to push it to the exclusion of any positive social development. And Thomas Walkom talks to the Democrats' chief economist on the U.S. Senate budget committee about the futility of obsessing over deficits when economic conditions cry out for public investment.

- Michelle McQuigge reports that the Cons are once again going out of their way to turn citizenship into something which can be stripped away at the whim of a government looking to fabricate enemies.

- Claire Cain Miller writes that a work culture which expects employees to be available around the clock leaves little room for families to be functional. But Bryce Covert points out that paid paternity leave would work wonders to ensure that women aren't penalized in their career prospects for having children - both in its direct effect on families' choices, and in its broader effect on work culture.

- Finally, Harry Leslie Smith comments on the absurdity of trying to replace with politics oriented solely in implausible aspirations. And for those looking forward to Smith's upcoming Canadian event series, the Broadbent Institute has details here.

Wednesday, May 13, 2015

Wednesday Morning Links

Miscellaneous material for your mid-week reading.

- Andrew Nikiforuk offers his suggestions as to how Rachel Notley can improve Alberta's economy and political scene in her first term in office. And thwap comments on the right's more hysterical responses to Notley's victory.

- Meanwhile, Duncan Cameron writes that Albertans have joined the rest of Canada in rejecting a regressive tax system. And Louis-Philippe Rochon reminds us that there's still plenty more which needs to be done on that front at the federal level.

- Justin Ling discusses how C-51 fits into a wider pattern of intrusive surveillance plans - even as the U.S. reins in its own surveillance apparatus. And the Canadian Labour Congress laments the shredding of civil rights in the name of a secretive security state.

- Finally, the Star exposes the Cons' systematic purging of any watchdog who dares to live up to the title. Bruce Cheadle reports that the Cons' latest omnibus bill includes a retroactive prohibition against prosecution for what appear to have been gross violations of federal access to information legislation. And Lawrence Martin writes that the Cons can't survive an election campaign where integrity is a meaningful issue:
There was evidence beforehand that the PMO had interfered with a Deloitte audit on the expenses of Mike Duffy and other senators. But new court documents obtained by The Globe and Mail make the case stronger. In one, Corporal Benoit Jolette says the force’s investigation learned that the audit report “had made its way to the PMO, to their office and, I guess, revisions, what they wanted to have written in the report, was done.” In addition, e-mails from PMO officials speak of plans “to protect Senator Duffy.” Nigel Wright, then Stephen Harper’s chief of staff, writes of an intent to “put him in a different bucket.”

In terms of breach of the public trust, falsifying audits ranks high. The Harper Tories have been caught at it before. There was a case involving former cabinet minister Bev Oda altering a document for CIDA funding. In another they went so far as to distort a report by former auditor-general Sheila Fraser. They used her words to make it look like she was crediting their party with prudent financial management when in fact she was crediting the Liberals.

How much do they think they can get away with? Being caught once usually makes you think twice about being a repeat offender. Not these guys.

Last week’s revelations produced columns with headlines such as “The Duffy trial’s smoking gun just blew up in Harper’s face.” A telltale sign of the Tory troubles on the file is that they offered no rebuttal to pointed questioning in the Commons. Instead, they had backbencher Paul Calandra stand and issue a sheaf of non-answers. This was the same Mr. Calandra who some time ago gave a tear-drenched apology for making a mockery of Question Period with such answers. Rather than show any remorse, he was now doing it again.
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The Duffy disclosures (there will be more to come) will likely turn out to be the most damaging. NDP Leader Thomas Mulcair alleged in the House of Commons they constitute obstruction of justice. No such charges have been laid against PMO officials, but if they do not suffer legal consequences, there may well be political ones.

Yet again we have the integrity of this government being called into question. For the Conservatives, there is now a real risk of it becoming the ballot question. If it does, they can kiss their chances of re-election goodbye.

Wednesday, April 29, 2015

Wednesday Morning Links

Miscellaneous material for your mid-week reading.

- Louis-Philippe Rochon reviews the Cons' track record as irresponsible economic and financial managers. Statistics Canada looks at the debt picture facing Canadians and finds young workers and families in particular fighting against increasing debt loads. And Forum finds that no matter how many hangers-on trumpet the theme of budget management, Canadians aren't at all impressed by the Cons' choice to funnel wealth upward and leave everybody else to fend for themselves.

- Meanwhile, John Ivison writes that the Cons aren't even trying to pretend that their tax baubles serve any public policy purpose by bothering to follow up on their impact - though I'm sure they'd be able to provide polling numbers which would explain why public resources are being diverted from where they're more needed.

- Paul Krugman discusses how blind belief in the virtues of austerity in the guise of responsibility - particularly among elites who consider themselves above the expressed interests of the public - has led countries including the U.K. (and presumably Canada as well) to accept policies which are doing nothing but harming our economies. And Erin Seatter notes that the rest of Canada is well behind Quebec in demanding better from our elected representatives.

- Canadians for Tax Fairness highlights how the Cons have made pound-foolish cuts to the Canada Revenue Agency, preventing it from collecting far more money than it would cost to enforce tax laws. And Ian Hussey responds to some ill-founded spin about the effects of more fair corporate taxes in Alberta.

- Finally, Colleen Fuller discusses the hard right's legal attacks against public health care. And Rosa Marchitelli reports on a new wave of gratuitous bank fees as an example of how businesses exploit individuals in the course of providing essential services.

Monday, April 20, 2015

Monday Morning Links

Miscellaneous material to start your week.

- Jay Baron Nicorvo discusses how the myth of U.S. meritocracy serves largely as a means of funneling profits toward the 1%. And Mary Hansen points out one way of fighting back against evolving forms of corporate power - being the development of new, cooperative alternatives to businesses designed to exploit workers.

- David Korten highlights a few of the most obvious dangers in the Trans-Pacific Partnership as just the latest and most draconian agreement intended to lock anti-democratic principles in as a restriction on government decision-making. And ICIJ and the Huffington Post shed needed light on how past attempts to account for the public interest in trade arrangements - in this case through the World Bank - have proven to be miserable failures due to a lack of interest in enforcing rules which protect people rather than profits.

- Meanwhile, Louis-Philippe Rochon notes that even the International Monetary Fund is admitting that decades of constant attacks on workers have served solely to drive down wages rather than doing anything to improve economic performance.

- Steven Zhou writes that the Cons' politicization of the Canada Revenue Agency to attack groups who disagree with their corporatist message represents a serious threat to democratic discussion.

- Finally, the Broadbent Institute highlights just a few of the ways the Cons are deliberately making inequality worse. And Scott Clark and Peter DeVries comment on the Harper Cons' catastrophic economic record:
At the end of 2014, the unemployment rate was higher than at the end of 2008. The labour force participation rate was lower than in 2008. The employment rate (the percentage of the adult population employed) was lower than at the end of 2008. The youth unemployment rate was higher than at the end of 2008. The share of total employment made up of full-time jobs was less than in 2008 — and the quality of jobs had sunk to its lowest level in a quarter of a century.

Then there’s Oliver’s claim that his government has put money back in the hands of Canadians through its commitment to reducing taxes. This government has definitely cut taxes for high-income, single-earner families with children under 18 — just 15 per cent of all families. They’ve been very good to families with teenage children who — somehow — still need ‘child care’. They’ve been generous to families who can afford to put their kids in sports leagues and summer camps, and they’ve cut taxes for high-income seniors who can split their pension income with a spouse.

The government has announced it will double the contribution limits for Tax-Free Savings Accounts, despite research by the PBO and others indicating this will — again — overwhelmingly benefit high-income Canadians and leave a growing unfunded liability to be paid for by all Canadians in the future. Oliver and Harper claim to be doing this for our grandchildren. Somehow we don’t think they’ll be grateful.

All of this, of course, came after the government’s biggest and most foolish tax cut — the two point cut in the GST which every economist warned them was a terrible idea. Sure enough, it was a major factor in putting the government into deficit.

The key thing to remember here is that these tax cuts accomplished nothing for the economy. None of them contributed to economic growth or job creation. They certainly didn’t contribute to tax fairness.

Numbers don’t lie, but people do. It’s one thing to spin your failures as successes — it’s another thing entirely to try to present a decade of fiscal failure as one long triumph.

Tuesday, February 17, 2015

Tuesday Morning Links

This and that for your Tuesday reading.

- Tessa Jowell writes that we need to treat inequality as a disease which can be cured through effective public policy, but the Star points out that the Cons have instead gone out of their way to make it worse. Fair Vote Canada interviews J. Peter Venton about the toxic effect of inequality on our political system. And Sean McElwee notes that in the U.S. at least, the right has managed to turn the middle and working classes against exactly the type of redistribution which best serves their interests.

- Yanis Varoufakis argues that it's long past time to start ensuring that our decisions about public policy are made with the interests of people in mind, rather than being based solely on calculations as to what elites can get away with:
The trouble with game theory, as I used to tell my students, is that it takes for granted the players’ motives. In poker or blackjack this assumption is unproblematic. But in the current deliberations between our European partners and Greece’s new government, the whole point is to forge new motives. To fashion a fresh mind-set that transcends national divides, dissolves the creditor-debtor distinction in favor of a pan-European perspective, and places the common European good above petty politics, dogma that proves toxic if universalized, and an us-versus-them mind-set.

As finance minister of a small, fiscally stressed nation lacking its own central bank and seen by many of our partners as a problem debtor, I am convinced that we have one option only: to shun any temptation to treat this pivotal moment as an experiment in strategizing and, instead, to present honestly the facts concerning Greece’s social economy, table our proposals for regrowing Greece, explain why these are in Europe’s interest, and reveal the red lines beyond which logic and duty prevent us from going.
...
How do we know that our modest policy agenda, which constitutes our red line, is right in Kant’s terms? We know by looking into the eyes of the hungry in the streets of our cities or contemplating our stressed middle class, or considering the interests of hard-working people in every European village and city within our monetary union. After all, Europe will only regain its soul when it regains the people’s trust by putting their interests center-stage.
- Dean Baker observes that political figures still pushing austerity even in the face of compelling evidence of failure should be considered the economic equivalent of creationists. And Louis-Philippe Rochon argues from a Canadian perspective that we're headed for even more severe economic trouble if we keep putting up with contractionary fiscal policy.

- Mark Schmitt discusses how supplementary public contributions might help to rein in the disproportionate influence of the wealthy in U.S. politics. But it's worth noting that Canada had a superior version of the same type of policy in the form of the per-vote funding eliminated by the Harper Cons.

- Janice Dickson looks into the background of the Halifax shooting plot. And Derrick O'Keefe sees Peter MacKay's response as yet another example of the Cons' politicizing issues of public safety, while Gary Shaul writes about the Cons' willingness to downplay violent extremism as long as it comes from their type of violent extremists.

- Finally, Rafe Mair worries that the politics of fear might well succeed - particularly if opposition parties and the media fail in their job of challenging the Cons' fearmongering. And while Karl Nerenberg may be right in recognizing some political risk in actually doing that job, I'd think there's even more to be lost if nobody takes it on.