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No struggle for what you believe in is ever futile.
Updated: 10 min 36 sec ago

Musical interlude

3 hours 17 min ago
Royksopp & Robyn - Monument

Friday Morning Links

11 hours 39 min ago
Assorted content to end your week.

- Dylan Matthews reports on Joseph Stiglitz' work in studying what kinds of systemic changes (in addition to more redistribution of wealth) are needed to ensure a fair and prosperous economy. And Martin O'Neill discusses James Meade's prescient take on the importance of social assets:
Meade therefore came to endorse the extension of the traditional welfare state through the parallel pursuit of both the spread of private property-ownership across all members of society – his ‘property-owning democracy’, which would involve steep taxation of inheritance and capital transfers – and at the same time building up the state’s store of democratic, public capital. If the future were to bring a shift in the sources of prosperity from labour to capital, then we would need to construct an economy in which everyone could benefit from that shift, both as individuals and collectively as democratic citizens.

While Meade’s diagnosis of the central distributive problems of capitalism largely predicted Piketty’s, his proposals were in some ways rather more radical. Rather than the state having continually to keep running faster and faster to suppress growing inequality through more ambitious forms of redistributive taxation, Meade instead wanted to reform the rules of property-ownership so that trends in capitalism’s development could be made to work for all. Instead of accelerating redistribution, Meade’s proposal involved a radical form of predistribution – a reallocation of property-rights that would completely restructure each individual’s position and bargaining power within the market economy, through giving everyone both a capital stake and a non-labour source of income.- And Zack Beauchamp charts Branko Milanovic's findings on the massive unfairness and inequality for workers between countries.

- Rowan Lee points out that Bill Gates for one doesn't buy the argument that low taxes have anything to do with economic growth.

- Murray Dobbin examines the place of free trade deals in converting our commonwealth into private profits, with no room for democratic responses. And Sunny Freeman notes that Joe Oliver is trying to push countries to make it even easier for employers to shed any obligation to workers. But David Dayen offers an interesting (if only partial) fix, suggesting that trade agreements should be paired with the ability for workers to sue multinational corporations along with their international affiliates and contracting partners for abuses.

- Finally, Duncan Cameron argues that the NDP is now the obvious choice for Canadian progressive voters from both a strategic and a principled standpoint. And Lawrence Martin echoes the theme that the election may come down to the question of which opposition leader serves as the rallying point for change - with Tom Mulcair ranking as the better option.

Thursday Morning Links

Thu, 05/28/2015 - 07:13
This and that for your Thursday reading.

- Sean McElwee examines new evidence of the deliberate choice of past U.S. governments dating back to Ronald Reagan to completely discount the policy preferences of anybody but the rich:
In a new book, political scientists James Druckman and Lawrence Jacobs examine data on internal polling from U.S. presidential archives and other existing research to determine how presidents use their knowledge of public opinion to craft policies. What they found is disturbing: Presidents tend to focus on the opinions of the wealthy and well-connected insiders, ignoring the views of most of the electorate. This turns on its head the idea that elected officials in the United States are responsive to public opinion.

Druckman and Jacobs focused on how President Ronald Reagan created the modern conservative coalition using internal polling. He sought to unite political independents, high-income groups, social conservatives and economic conservatives. While all these groups had influence over the Reagan administration, high earners had the most pull.

A look at how frequently the administration gathered public opinion data on specific groups is even more revealing. The authors noted, “The Reagan team assembled little data on the middle- and lower-income groups as it focused intently on gathering information on the affluent.” In total, Reagan received cross-tabulations for the rich about 60 percent of the time, compared with only 32 percent for low-income people. And 84 percent of the information gathered on economic issues included data on the affluent, compared with only 24 percent examining the middle class and 36 percent on the poor. On Social Security, for example, Reagan never received cross-tabulations on the opinions of the poor or middle class....
The outsize influence of the wealthy also shows up in the priorities politicians give to competing policy agendas. In a recent study, political scientists William Franko and Patrick Flavin examined how policymakers respond to political priorities rather than to constituent preferences. Unsurprisingly, the researchers found that the rich and poor have different priorities and that policymakers are more attentive to the priorities of the wealthy. As shown in the chart below, the priorities are even more divergent on class issues such as the minimum wage and poverty.
...
Evidence continues to accumulate that the U.S. is fast becoming a plutocracy. Americans must fight to take back their democracy. One way to do that is by bolstering voter turnout. Voters who want more progressive policies should look at a recent research by Jonas Pontusson and David Rueda. “Left parties will respond to an increase in inequality only when low-income voters are mobilized,” they wrote, on the basis of their analysis of data from 10 countries over nearly 40 years. Limiting the influence of money in the political process would also improve representation. For its part, the middle class needs organizations that push policies that benefit them. Unions could serve such a role by mobilizing the working class and advocating for policies that benefit workers. “Labor unions promote greater political equality primarily by mobilizing their working class members to political action,” according to Flavin. “States with higher levels of union membership weigh citizens’ opinions more equally in the policymaking process.”- Elise Gould, Alyssa Davis and Will Kimball make the case for wage growth to fight poverty and inequality, while Robert Freeman pushes education and fairer taxes to help the cause. But Matt Bruening responds that market income alone will have a limited effect on some of the people with the greatest needs.

- Aaron Wherry points out the election funding loopholes the Cons have deliberately opened up to increase what they're allowed to spend - and have reimbursed by the public - in an extended election campaign. Andrew Coyne laments that formal democratic structures have been almost completely stripped of their intended purpose, with Stephen Harper reaching new lows on that front. And Michael Harris criticizes the Cons' practice of government by fiat (accompanied by an utter refusal to answer for their actions).

- Finally, Darren Fleet highlights CSIS' alarming secrecy in response to a simple request for personal information as yet another reason for concern about C-51.

New column day

Thu, 05/28/2015 - 07:11
Here, on the Saskatchewan Party's devaluation of the music teacher (among other cultural and community-building parts of our schools).

For further reading...
- CBC reported on the Prairie Spirit School Division's decision to eliminate school bands here, and Janet French did likewise here.
- The Star-Phoenix' editorial board weighed in here. And now, even the Saskatchewan Party is pretending to oppose what its policy choices have wrought.
- And for those looking to support the students trying to save their band program, Shawna Langer's petition is here.

Wednesday Morning Links

Wed, 05/27/2015 - 09:51
Miscellaneous material for your mid-week reading.

- Citizens for Public Justice provides a useful set of fact sheets on the importance of tax revenues in funding a civilized society. And Daphne Bramham follows up with a look at what we've lost from tax cuts - and the public demand for more tax fairness:
Tax cuts during the past decade have meant that $45 billion has been trimmed from government spending and programs each year since 2006 and almost 30,000 jobs have been lost.

One reason Canadians willingly pay taxes is they believe it’s a fair system. But as the fact sheets point out, the system has been skewed for the past 15 years. It’s not so much by the tax rates themselves; it’s because of two other changes. The first are what the group calls “boutique tax credits” and deductions that favour middle- and upper-income earners.

The second is a shift to regressive taxes such as sales tax, property tax and fees that disadvantage low-income earners.

It’s at the point where some middle- and high-income earners now pay a lower percentage of tax than some of the poorest families, according to research by the OECD.
...
The idea behind those tax cuts was that the money would be invested in improvements and upgrades or hiring more people. But that didn’t happen. Most of the money has gone into bank accounts.

When corporate taxes fell to record lows between 2000 and 2014, total cash reserves of private, non-financial corporations increased nearly 370 per cent to $673.5 billion, according to Statistics Canada.

So it’s hardly surprising that recent polls indicate that nearly three-quarters of Canadians support raising corporate tax rates.- Digby highlights some of the Republicans' more recent efforts to demonize and attack the poor. And concerted attempts to dehumanize the poor only figure to exacerbate the "inverse care law" - which, as Julian Tudor Hart points out, results in a pattern of market-based health care services being least available where they're most needed.

- Ella Bedard writes that insecure and precarious work is the new normal. And Sara Mojtehedzadeh reports on the barely-existent help Ontario workers receive when they report employer abuses.

- Scott Sinclair and Stuart Trew nicely boil down the Trans-Pacific Partnership's dangers for Canada. And C. Robert Gibson and Taylor Channing expose the business sector's efforts to buy U.S. Senate votes to wave the TPP through.

- Finally, Brent Patterson reminds us that public participation is key to the election results we want - particularly given the Cons' focus on suppressing turnout. And Bob Hepburn writes about Mel Hurtig's efforts to push for a change from continued Harper government.

Tuesday Night Cat Blogging

Tue, 05/26/2015 - 20:41
Grounded cats.





On search results

Tue, 05/26/2015 - 16:08
Colby Cosh's latest on the role of the "human search engine" in tracking down information about candidates and elected officials is worth a read. But it's worth keeping in mind that the search results only matter to the extent they're put to use.

On that front, having commended Notley for her initial response to issues raised about Deborah Drever, I'll note that there's reason for concern about Drever's subsequent suspension.

I'm always leery about personal controversies being used as an excuse to disqualify people from participation in public life. And the high bar for excluding people from running seems like it should be raised even further when the party's vetting and nomination processes and a general election have resulted in an individual having been elected under the NDP banner.

Moreover, the effects of Notley's decision won't be limited to Drever herself. Instead, Notley's willingness to cut people out of the NDP caucus before they've even participated in it will only encourage more focus on MLAs' photographic history rather than their work in the legislature.

That said, the good news is that Notley has left room for Drever to redeem herself, imposing a temporary suspension rather than the under-the-bus sentence so familiar among other parties. And hopefully the future obsessions of the right's human search engine won't be to redirect Alberta politics from building a new culture of inclusion.

Tuesday Morning Links

Tue, 05/26/2015 - 09:00
This and that for your Tuesday reading.

- LOLGOP discusses the important role unions play in ensuring widespread freedom and prosperity - and why they're thus target number one for corporatists seeking to hoard more wealth at the top:
When Scott Walker promises to bring his anti-union policies that have help lead Wisconsin to the largest decline in the Middle Class of any state nationally, he’s revealing what’s long been the subtext of the conservative movement. Their goal has always been to trick the middle class to vote itself out of existence, and this requires turning workers against backbone that gives them the ability to stand up to corporate power — unions.
...
(H)ow we talk about unions matters. Making workers resentful and jealous of the few of their peers who still have pensions and other elements of job security is key to undermining the most important role unions play as the only advocate of working people who can stare down the corporate America, which has largely copied labor’s organizational efforts with greater resources and results than workers could have ever mustered.
...
Embracing labor and greater workplace representation as central to reversing the wealth gap that threatens our economy and stability is the “one thing” that can save as, as labor attorney Thomas Geoghegan argues in his great new book.

This starts by changing how we talk about unions. George Lakoff reminds us to always put their necessity in terms of the value that matters most to Americans: “Unions are about freedom, freedom from corporate servitude and wage slavery, freedom from unsafe working conditions, and the freedom in later life that comes from fair pensions, which are delayed payments for work done earlier in life.”

Studies show this isn’t just good framing. It’s good economics.- Joseph Brean reports on the alliance forming between organized labour and the environmental movement to develop a sustainable economy. And Marc Lee observes that British Columbia's carbon tax isn't all it's cracked up to be in terms of either economic development or environmental progress.

- Matthew Yglesias points out one more way in which the finance sector is too big for the good of the community, as bank mergers and associated branch closures tend to result in less lending to small businesses.

- Meanwhile, Dylan Matthews discusses Kansas' scheme to ensure that supposed social benefits are in fact converted into bank fees. And Vineeth Sekharan looks at the costs of criminalizing homelessness.

- Finally, Thomas Walkom comments on the role terror figures to play in the Cons' election campaign. And Amanda Connolly reports on the lack of resources needed to provide any oversight for CSIS, whether under C-51 or otherwise.

Staying the flawed course

Mon, 05/25/2015 - 09:51
John Ivison is right to note that the Cons' latest ad reflects the Harper braintrust sticking to what seems to have been a long-established plan. But it's worth highlighting how that plan has been overtaken by events - and how even the Libs may be able to use the message to their advantage if they're smart in the approach to this fall's federal election.

In principle, a "just not ready" message is tailor-made for a two-party race where a party's ability to attach a single personality flaw to the opposing leader can make all the difference between victory and defeat.

But for the Cons, it represents a couple of important concessions.

As I've written before, the Cons' previous election campaigns were based on portraying the Libs' leader as unfit to govern under any circumstances - or indeed (in Michael Ignatieff's words) as lacking standing to be heard during at all. But "not ready" implies an entirely different standard: that the question to be decided about Justin Trudeau is whether or not he's suited to govern only at a single point in time.

And the softened message from the Cons seems also to signal some recognition that their attacks on opposing parties lack credibility. One has to figure that Stephen Harper would prefer to present a stronger critique if he thought voters would consider it plausible. But after a decade of saturation bombing with Cons propaganda through government and party channels alike, voters have tuned out anything that doesn't sound like what they'd be inclined to say for themselves.

It makes sense in that context for the Cons to turn to focus groups to tell them what messages will work. But that also means there's an awfully limited range of options available.

As for the opposition parties, the NDP surely figures to be happy to see the Cons sticking to their false assumption that the election will be a two-party race. (And it wouldn't be the first time that a right-wing party's failure to take the NDP seriously might lead to major progressive change.)

If the public accepts the ad's message - and particularly if Trudeau reinforces it at all during the course of the campaign - then Tom Mulcair can easily become the rallying point for opposition simply by showing that he's ready to govern. And that doesn't figure to be a problem for a leader with his talent and experience.

Indeed, Mulcair might well fit neatly into a Goldilocks scenario between a tired Harper and a not-ready Trudeau.

But even for the Libs, the new ad represents only a challenge rather than a defeat. And it's one they've presumably understood for some time now.


Unlike the vague criticisms of Dion and Ignatieff, the "not ready" critique is one which can be tested by how the Libs run their campaign. If Trudeau holds his own on the campaign trail and particularly in the leaders' debates, then the Cons' last attempt to bargain for another term in power will fail. And the particular criticism might also yield some fruit in developing counterattacks - such a "Harper thinks he knows it all" theme based on his presuming to dictate when Trudeau is ready, with former PMs taking to the stage to highlight the value of comparative humility and a willingness to learn.

Even if Trudeau can't hold up or counterattack immediately, though, he can easily preserve his own position by treating the election result as a "not yet" rather than a "no". And if a public consensus emerges behind the "not ready" messsage, the resulting attraction of progressive votes to the NDP doesn't particularly help the Cons either.

The Cons then seem to be betting that Trudeau's performance will be subject to just enough interpretation to split the vote for change while ceding the right to Harper. (Or they might hang on if Trudeau and the Libs spend their entire campaign bashing the NDP rather than making a case for change so as to ensure that both alternatives are tarred by election day.)

We'll see whether either comes to pass. But that's an awfully narrow set of possibilities for a sitting majority government which has done little but to plot for its own political fortunes.

On minimal solutions

Mon, 05/25/2015 - 08:29
Shorter Corporatists to Fleece the Irrelevant Beggars trying to avoid a living wage for Alberta:
Has anybody pointed out that if we ensure that the hungry have food, some of them might gain weight? That's why we consider it more responsible to force-feed them diet pills.

Sunday Morning Links

Sun, 05/24/2015 - 07:06
Assorted content for your Sunday reading.

- Heather Boushey writes about the Great Gatsby Curve showing a direct correlation between equality and social mobility - and conversely, that high inequality severely limits opportunity for large numbers of people. And Vikas Bajaj discusses how high inequality also harms overall economic development.

- But of course, we'll never get policies to address those problems without a government willing to highlight the need for change and acknowledge that there are no non-controversial answers - as Sadiq Khan points out in discussing the U.K. Labour Party:
(I)nsecurity reaches right up the income scale, which is why our commitment to fair rents and secure tenancies spoke to many middle-class professionals in London. Even Tory candidates attacked the Tory’s lack of policies on housing as a factor in why they struggled in the capital.

It’s got to be a deal though: economic growth, and lower inequality will only create a better life for all if we are straight that this will require shared effort and sacrifice. We promised things to ease the pain now for the “squeezed middle” without outlining what the economy might be like if we were in charge. And we suggested these would somehow be “pain-free” – paid for by someone else. The British public just didn’t buy it.

So it allowed our opponents to use the crash as a symbol of our economic mismanagement. But this is far from the truth. Let us be clear: the deficit in 2007 did not cause the crash, and the Tories were fully signed up to our spending plans. We should not cede this ground.

There were, however, bigger issues about our economic approach. We failed to regulate the banks and financial sector. We subsidised employers who paid low wages, placing a burden on the taxpayer, rather than encouraging them to pay a living wage. We tackled the effects rather than the causes, and that made it harder for us to tackle inequality. Since 2010 we began to address that and we must not go back on that now. But we have to paint a picture of what it means for people beyond the very low-paid, and how they’ll benefit personally if we tackle this.- Suha Diab discusses the Cons' general antipathy toward all but the wealthiest of immigrants, while the Ottawa Citizen editorial board is particularly (and rightly) critical of their attempt to dehumanize people trying to escape Burma by boat.

- Finally, Mitchell Anderson writes that just as Alberta's citizens finally built up immunity to right-wing rhetoric (if only over a period of decades), Canada's voters may be building the same strength just in time for this fall's election. And Michael Harris suggests that Stephen Harper's vanity may be his party's undoing, while Chantal Hebert argues that the Cons may be utterly oblivious to the public's demand for change.

Saturday Evening Links

Sat, 05/23/2015 - 17:53
This and that for your Saturday reading.

- Keith Banting and John Myles note that income inequality should be a major theme in Canada's federal election. And Karl Nerenberg points out that voters will have every reason to vote for their values, rather than having any reason to buy failed strategic voting arguments.

- PressProgress charts the devastating effect of precarious employment in Canada. And Wayne Lewchuk writes about the precarity penalty, and the need for public policy to catch up to the reality facing workers:
Uncertain future employment prospects can increase anxiety at home.  Lack of benefits can make even small unexpected medical costs a crisis.  Unpredictable work schedules can make finding suitable childcare very difficult.  The short-term nature of the employment relationship can limit a worker’s access to the training needed to get ahead. Together, the added challenges associated with insecure employment represent The Precarity Penalty.

In short, precarious employment not only creates significant stress on individuals and families today, it also creates conditions that can trap those who are in precarious employment from opportunities to get ahead.

Given that insecure employment is the fastest growing form of employment, we should all be concerned about what this means for our families, our children and our communities.

A new body of research (see references below), much of it focused on the troubles in the U.S. economy, suggests that public policy has fallen short, and at times exacerbated the challenges facing precarious workers. These policies have exposed workers to more economic uncertainty, reduced supports that help build healthy families and made it more difficult than in the past for workers to negotiate improved working conditions. There is evidence that Canada’s own public policy environment has not fared much better in terms of protecting vulnerable workers.

What policy has enabled, policy can change.  It is not inevitable that a growing number of Canadian workers find themselves in relationships that make it difficult to get ahead. The mechanisms we use to regulate labour markets, including how contracts are negotiated, how we set and enforce employment standards, how we support workers between jobs, how quality training is provided, and how workers can finance unexpected health costs and old age were all formed when permanent full-time employment was the norm.- Meanwhile, Elise Gould offers a reminder that a job - even with full-time hours - is no guarantee of escaping poverty. Craig Lambert discusses how citizens are being directed toward unpaid work - which can both take jobs away from people who need them, and serve as a threat to anybody seeking improved pay and working conditions for jobs which might be turn into shadow work. And Jim Dwyer reports on the wide-scale wage fraud being perpetrated against workers.

- Catherine Porter writes about Dr. Gary Bloch's prescription to combat poverty as a means of improving health generally.

- Erin Anderssen discusses the glaring need to improve access to mental health services as part of our health care system. And Steve Morgan highlights how a lack of a national pharmacare program makes health care less effective for everybody.

- Finally, Jesse McLaren argues that we shouldn't be surprised by the Libs' weakness on Bill C-51 in light of their historic willingness to trample civil rights in the name of political convenience. But Shannon Reardon nonetheless points out that anybody hoping for better from Justin Trudeau than support for the Cons' terror tactics has reason to be disappointed.

Musical interlude

Fri, 05/22/2015 - 18:56
Emma Hewitt - Colours

Friday Morning Links

Fri, 05/22/2015 - 05:59
Assorted content to end your week.

- Michael Schwartz and Kevin Young make the case for a greater focus on influencing corporations and other institutions first and foremost - with the expectation that more fair public policy will be possible if a dominant business sector doesn't stand in the way. David Wessel points out that many states' tax systems are set up to exacerbate inequality. And Matthew Yglesias notes that a typical set of slap-on-the-wrist fines against banks for massive market manipulations call into question whether the U.S.' current regulatory structure is anywhere close to sufficient to protect the public interest.

- Meanwhile, David Dayen points out that part of the Obama administration's embarrassing attempt to push the Trans-Pacific Partnership includes a willingness to cut Medicare to slightly compensate some of the affected workers.

- Michael Harris tears into the Cons for their Orwellian war on dissent, while Steve Sullivan rightly notes that Stephen Harper's usual reaction to an imminent loss is to try to rig the game in his own favour. Canadians for Tax Fairness raises the question of whether we want to see massive amounts of public money spent on the Cons' self-promotion - with ministerial vanity videos serving as just the latest example.

- Vanessa Lu reports on the bizarre excuses being used for refusing to let Canadians know how the public reacted to the Cons' plan to end door-to-door mail delivery. And Mary Campbell discusses yet another example of dumb-on-crime legislation, this time featuring utterly pointless attacks on foreign offenders.

- Finally, PressProgress highlights OpenMedia's report (PDF) into the plummeting public willingness to put up with the Cons' terror bill. Toby Mendel offers another review (PDF) of the problems with C-51. And Noah Richler writes that the Cons' current message doesn't involve anything more than trying to stoke paranoia.

Thursday Morning Links

Thu, 05/21/2015 - 09:08
This and that for your Thursday reading.

- Heather Stewart writes about the OECD's study showing the connection between increasingly precarious work and worsening inequality. 

- Tara Deschamps reports on a few of the challenges facing poor Torontonians, while Sara Mojtehedzadeh and Laurie Monsebraaten cover the United Way's report card showing that most workers are now stuck in precarious work. And Star offers a few policy suggestions to improve that situation, while Ella Bedard points out how Andrew Cash is pushing for solutions at the federal level.

- Edward Keenan writes that it's long past time to stop relying on charity to ensure that basic needs are met. Cara Feinberg discusses (PDF) the effect of scarcity in limiting individual capacity to achieve goals of any kind. And David Wheeler takes a look at the growing movement for a basic income:
Those skeptical of basic income might ask: If you give people enough to live on, won’t they stop working? Won’t they get lazy? Evidence from pilot studies by Guy Standing, a professor of development studies at the University of London and a co-founder of the Basic Income Earth Network, points the other way.“When people stop working out of fear, they become more productive,” Standing says.

Karl Widerquist, a leader of the worldwide basic income movement, applauds Santens’ project, but says the goal of the movement is not to create privately financed basic income. “We need a publicly financed basic income for everyone; private charities can’t—and shouldn’t have to—do that,” says Widerquist, a philosophy professor at SFS-Qatar, Georgetown University, and the author of several books and papers about basic income. Widerquist also organized the most recent North American Basic Income Guarantee Congress in New York in March. “The point of a private basic income is to show how well it works, draw attention to the issue, and further the movement for a truly universal basic income,” Widerquist says.- Meanwhile, the Guardian reports on the IMF's study showing that the fossil fuel sector is subsidized to the tune of $5.3 trillion each year - offering a strong indication that there's plenty of money available to fund a basic income if governments were more interested in citizens than resource extraction. But Nelson Bennett highlights how Christy Clark is determined to lock in long-term subsidies to the gas sector no matter how thoroughly the public might want to change direction.

- Finally, Martin Regg Cohn writes that the Ontario Libs' Hydro One selloff represents little more than an utter failure of leadership, as Kathleen Wynne is willing to harm her province in the long term to avoid making the case for better revenue sources while in office. And Brent Patterson rightly slams the Cons for trying to force First Nations to privatize their water services

New column day

Thu, 05/21/2015 - 08:44
Here, expanding on this post about the new challenges the Cons are facing heading into this fall's election.

For further reading...
- Geoffrey Stevens offers his own take on the Cons' weaknesses.
- Meanwhile, Nik Nanos (as reported by Theophilos Argitis) focuses on the possibility of vote splitting working to the Cons' benefit. But that analysis seems to miss the point that no amount of vote-splitting between two competitors can get the Cons into majority territory if their own support levels remain stuck in the low 30s.
- And on a more interesting note, Robin Sears wonders whether the leader's tour model of campaign coverage will soon be a thing of the past - which might offer some reason to expect different influences to affect election results. But it doesn't seem that either the parties or the media are headed for a drastically different model this time out - nor is it clear that a shift would do anything but play to the strengths of more popular leaders.

Wednesday Morning Links

Wed, 05/20/2015 - 07:17
Miscellaneous material for your mid-week reading.

- Toby Sanger takes a look at Canada's balance sheets and finds that both households and governments are piling up debt while the corporate sector hoards cash:
(A)ll the recent handwringing over rising household and debt levels ignores one critical point: any one person’s financial liability is someone else's financial asset. Across all the sectors in the economy (households, corporations, governments and non-residents) in the national balance sheet, net borrowing and lending all balance out to zero.

The rising income share of the top one percent has been startling (and also echoed in increasing imbalances in debt and wealth by income and generation) the shift in net borrowing and lending between the household and corporate sector is just as dramatic, and reflect almost perfect mirror images of each other.

For decades until the mid-1990s, Canadian households were net lenders to corporations and to governments. Since then, with low wage increases and rising house prices, households have increasingly gone into financial debt, borrowing an additional $706 billion since 1997 -- an increase in net borrowing to the tune of about $50,000 per household. Meanwhile, with high profits, low taxes and low rates of investment, Canadian corporations have built up ever larger surpluses. They’ve become net lenders to the tune of $730 billion since 1997, with non-financial corporations accumulating $675 billion in cash.

...
The solution is clear: we need to rebalance our national balance sheet. The imbalance in our national balance sheet won’t be fixed until corporations are pushed to do something with their surpluses: invest in the economy, distribute to shareholders and/or pay workers more. If they don't, our governments should increase corporate taxes and used the increased revenues to invest in the economy, improve public services and reduce the financial pressures households are dealing with -- and help alleviate our real debt problem.- Meanwhile, Neal Irwin points out that Wall Street's return to gross excess as usual since it crashed the global economy in 2008 demonstrates that we can't trust businesses to even notice the public interest. Linda McQuaig and Neil Brooks question why Canada offers special tax breaks to the wealthy few who enjoy stock options. And Ezra Klein highlights Paul Krugman's theory as to how CEOs are claiming ever-larger salaries while denying gains to anybody else.

- At the same time, BBC reports on the large number of employers failing to offer living wages in Scotland. Sara Mojtehedzadeh comments on the bizarre set of exemptions and loopholes in Ontario employment standards. And while there's some good news in CBC's report about temporary foreign workers being granted a reprieve while testifying against employers who have threatened them with deportation, it's obviously a problem that the threat was plausible in the first place.

- Michael Harris discusses how Stephen Harper's debate cowardice reflects his general unwillingness to answer for his actions. And in a similar vein, Glen McGregor crunches the numbers on Harper's fear of question period in the House of Commons.

- Finally, Ian Welsh offers a useful strategy for activists who want to make sure that their values and ideas are reflected in our broader political choices.

Tuesday Night Cat Blogging

Tue, 05/19/2015 - 17:33
Slumbering cats.




Tuesday Morning Links

Tue, 05/19/2015 - 09:03
This and that for your Tuesday reading.

- Elizabeth Warren reminds us (PDF) that previous trade agreements were packaged with the same promises of labour and environmental standards being used to sell the latest versions - and that there's been no enforcement whatsoever of the elements of the deals which were supposed to protect the public.

- Kriston Capps discusses the unfairness of New York's property tax system which makes it easy for the obscenely rich to avoid paying their fair share. And Jon Stone notes that even following an election in which the Conservatives won a majority, UK voters are more concerned with fighting inequality than pushing growth for the few.

- David Roberts rightly warns that we're much further down the road toward catastrophic climate change than most people are prepared to admit. And Terry Macalister reports that Shell in particular is planning based on the assumption that we won't make any progress in reining in global warming.

- But the good news is that clean alternative energy sources are becoming far more readily available, meaning that we only need the political will to change our current balance of power. And Richard Littlemore writes that we're not lacking for businesses willing to offer renewable energy alternatives.

- Finally, the National Post slams the Cons for once again rewriting the law - in this case governing access to information - to suit their own political purposes. And the Star calls out the Cons' baseless terror fearmongering.

The mystery advantage

Mon, 05/18/2015 - 14:39
Shorter Brad Wall:


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