The federal government’s upcoming fall fiscal update will look like no other in Canadian history. With an already record $343-billion deficit and significant promises still to fulfil from the Liberals’ September throne speech, the cost of COVID-19 is mounting.
Here is a word that risks deterring you from reading on much further, even though it may hold the key to understanding why we are in such a terrible political, economic and social mess. That word is “externalities”.
[Webpage editor's note: One red-green position that challenges other red-greens on various questions, e.g., significance of Paris/COP, role for market mechanisms (carbon taxes), red? content of "transitional" demands, 'Blockadia'...]
Those of us who inhabit planet Earth in the 21st century face a huge problem. Our own species, homo sapiens (modern humans), are trashing the planet at an ever increasing and more destructive rate.
One of the most thought-provoking articles I’ve read about the unfolding conflicts in the US and elsewhere – maybe everywhere. - Gene McGuckin
The threat of violence erupting over the US election result next week is exposing the limits of liberal democracy, and both candidates’ rejection of left-wing ‘extremists’ is liberal opportunism at its worst.
[This article might bring some comfort if it put a timeline on WHEN such risks could be quantified and then outlined how exactly that process would lead to creating a socially just and environmentally sane transition. Will knowing the investment risks make capitalists decide to do this? Will it create effective regulatory enforcement to compel capitalists to do this? Will it do anything at all that will begin the required transition SOON ENOUGH?
A new wave of oilpatch consolidation has been widely expected since oil prices cratered this spring, undercutting share prices and piling debt onto Canadian petroleum producers.
Some smaller deals have unfolded this fall, but Cenovus Energy’s mammoth $3.8-billion acquisition of integrated producer Husky Energy on Sunday lit the fuse on the biggest corporate takeover in Canada’s oilpatch in several years.
Edited by Stephen Maher and Rafael Khachaturian. Essays by Seth Adler, Eric Blanc, Alleen Brown, Jane McAlevey, April M. Short, Jane Slaughter, Ingar Solty, and others.
