The Liberals are hoping that if they throw enough money at the private sector, an army of Elon Musks will emerge from the darkness armed with even more private capital to save humanity and the Canadian economy along with it.
There are many contradictory definitions, explanations, and policy responses to high inflation. Understanding the differences is important to develop the correct orientation to these pressures on workers' wage demands and the left's policy responses.
Some areas of debate exist even within progressive circles of how best to deal with climate change. Investing in and reorganizing current production processes to drastically reduce carbon emissions and build mitigation programs all takes time, energy, overlapping processes, and a heck of a lot of money. But, when we bring all this together, the programs announced are insufficient to get us where we need to be. Here are 10 areas we need to work on.
The current long-term care model is designed to squeeze costs using a private delivery process. It is the state that sets the terms of spending and care delivery. The private system is being used to limit costs through obscuring the state's role in under-funding the service.
We are told that Capitalism, at its core, is a crisis-driven economic system. Crises are at the heart of its innovation, transformation of the economy, and are the reason creative destruction is the defining point raised by proponents of this economy-first, anti-social system. However, any reader of history knows that it is only through the leverage and investment of the state that capitalism can find the path around the economic crises it creates. Capital needs to be held-up and protected or -- like most short-sighted adventures -- it runs aground. The alternative is not to hold capitalism up, but to replace it and the response to COVID-19 shows a way forward.
Decades of neoliberal political narratives have attempted to convince us that the only reason for public ownership is to subsidize private capital growth. Neoliberal economics are focused on the transfer of wealth from the public to private capital through commodification of public assets and services. The result has been a society tilted in favour of profit generation through public subsidies of infrastructure and services over human need.
Since the early 1980s, central banks and governments of top capitalist countries have been attempting to save their beloved system. Responding to the collapsing profit rate was their ultimate goal and drove economic and social policy for 40 years. To save our economy and solve the social, health, and environmental crises we now face we must reverse course.
The cheerleaders of neoliberal policy are rising like zombies after the current collection of economic, health, climate, and political crises seemed to bury them for a while. It is not going to be enough for the left to defend the current economic wreck, we must advocate to build something better just to keep what we have. Socialists have the social and economic policy programs to deal directly with these challenges we face. It is time to dust them off and fight for them with abandon.
When it comes to Modern Monetary Theory (MMT), I tend to take a rather less aggressive position than some from the classical (Marxian/Marxist) tradition. There are some holes in the theory and its view of the economy is irksome, but others have debated these to their fullest extent (a debate that is at least 100 years old). And, in the end of the day, arguing over the degree to which a theory is wrong is not very interesting. Anwar Shaikh does a very good job of putting the limits to MMT's ideas. Basically, there is a limit to MMT and the question is: what then?
Working people have been dealing with changes in the application of technology in their workplaces since the beginning of capitalism. The recent interest in the subject has largely been driven by the tech industry's promises of automated production and job-destroying robots, which will still somehow deliver a type of techno-Utopia. It is time for workers to take back the discussion and drive an agenda for the future based on clear analysis and the broader community's interests. In this full-length article, we revisit some of the issues and concepts around automation and its affects on workers.