Capitalism and the Price We Pay For It!

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NorthReport
Capitalism and the Price We Pay For It!

Capitalism: A country's trade and industry is controlled by private owner's for profit

NorthReport

Canadian Elites Are Engineering A Recession to Discipline Workers

https://jacobin.com/2022/10/canada-inflation-recession-interest-rates-co...

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Health care is big business in BC as well as in the rest of Canada

https://policyalternatives.ca/newsroom/updates/private-surgeries-and-med...

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Feds 'hurting the situation' on economy Sanders says

https://www.politico.com/news/2022/10/16/fed-hurting-economy-bernie-sand...

NorthReport

Powell, Putin, and MBS are on the verge of throwing the entire world into depression

OPEC+ took two percent of the world’s crude oil off the market, a radical action that will explode oil and gas prices

 

https://canadiandimension.com/articles/view/powell-putin-and-mbs-are-on-...

NorthReport

 

A new congressional report commissioned by Bernie Sanders finds that the 1 percent now own one-third of all wealth, while the bottom half of Americans hold only 2 percent. It’s another sign of the slide into oligarchy that Sanders has warned about for years.

https://jacobin.com/2022/10/bernie-sanders-wealth-concentration-oligarch...

NorthReport

Anyone who thinks their pension plans, or any other of their investments, are safe from the one percenters, think again.

Aren't the right-wing wonderful!

Truss has discredited high-octane, free-market economics - perhaps for ever

Trussonomics, and Brexitism, have proven the dangers of trying to turn rightwing ideology into reality

 

 

https://www.theguardian.com/politics/2022/oct/20/liz-truss-resignation-b...

NorthReport

How Capitalists Created International Financial Institutions to Rule the Planet

BY

DAN SMITH

Long before Bretton Woods, powerful capitalist nations perfected the art of exploiting other countries without formally colonizing them. They’ve done this through a rigged international economy, governed by institutions like the World Bank and the IMF.

US Secretary of the Treasury Henry Morgenthau Jr. speaks at the 1944 Bretton Woods Conference, which established the International Monetary Fund.

 

 

https://jacobin.com/2022/10/jamie-martin-the-meddlers-imf-world-bank-glo...

NorthReport

Canada’s growing corporate tax gap

Canada’s largest corporations avoided paying $30 billion in taxes last year, according to a new report from the Canadians for Tax Fairness.

 

 

https://www.thestar.com/podcasts/thismatters/2022/10/20/canadas-growing-...

NorthReport
NorthReport

What bullshit! 

As if Members of Congress or Railway Executives don't get paid sick leave for themselves. 

 

 

By Forcing a Contract on Railworkers, Joe Biden Is Betraying Workers Everywhere

BY

LUKE SAVAGE

"Which side are you on?" is the most fundamental question in politics. And in siding with the Chamber of Commerce rather than exploited workers at America’s railways, “the most pro-union president in American history” has made clear where he really stands.

President Joe Biden released a statement calling on Congress to impose a contract on railway workers as their strike deadline looms. (Kyle Grillot / Bloomberg via Getty Images)

 

 

https://jacobin.com/2022/11/rail-workers-strike-biden-pelosi-impose-cont...

NorthReport

In Germany, Declining Workers’ Rights Are a Life-and-Death Issue

BY

POLINA MANOLOVA

The death of cleaner Refat Süleyman at a Thyssenkrupp steel plant has put the spotlight on Germany’s exploitation of migrant workers. It’s also a story about deregulation — and how outsourcing is letting corporations cut corners on working conditions with impunity.

Metal workers from Thyssenkrupp participate in a nationwide IG Metall rally in Duisburg, Germany. (Roland Weihrauch / picture alliance via Getty Images)

The new issue of Jacobin is out now. Subscribe today and get a yearlong print and digital subscription.

It’s late afternoon on Friday, October 14, and people are gathering around a

 

https://jacobin.com/2022/12/germany-workers-rights-refat-suleyman-thysse...

NorthReport

By Siding Against Railworkers, Biden Is Breaking His Promise of Paid Sick Leave for All

https://jacobin.com/2022/11/railworkers-labor-dispute-joe-biden-paid-sick-leave-contract-strike

NorthReport

A record number of Canadians are now going hungry

https://jacobin.com/2022/12/canada-hunger-food-banks-inequality

NorthReport

Dont you just love the Democrats, eh!

Biden and the Progressive Caucus smash strike on behalf of railway barons

https://canadiandimension.com/articles/view/biden-and-the-progressive-ca...

NorthReport

Knowledge Network

The Price We Pay

Love international trade, eh.

No wonder!
75% of our planet's total financial transactions are run through 3 or 4 tax-free havens such as the Cayman Islands.
Until we deem tax avoidance as bad, we are doomed to have 99% of the planet's wealth remain in the hands of the one percenters.

How much of Starbucks, or most any other major corporation, profits are run through tax havens?

Ronald Reagan made it quite clear that taxation was not going to, in any way, be used to create social change. Working Class folks are so fucked.

NorthReport

La crise fiscal qui vient

Brigitte Alepin

Paladin1

NorthReport wrote:
Dont you just love the Democrats, eh!

Biden and the Progressive Caucus smash strike on behalf of railway barons

https://canadiandimension.com/articles/view/biden-and-the-progressive-ca...

That's too bad. Railway work is very physically demanding and workers are exposed to the harsh elements a lot. They're also exposed to a lot of people in small towns and cities when they use restaurants and hotels. Easy to get sick.

NorthReport

We will never have an effective redistribution of wealth until we destroy/abolish all the tax-shelters on our planet. 

Capitalism: The Price We Pay For It

https://www.knowledge.ca/program/price-we-pay

NorthReport

Giant grocery chains refuse blame for high food prices

 

https://rabble.ca/economy/giant-grocery-chains-refuse-blame-for-high-foo...

NorthReport
NorthReport

Varoufakis: How to End ‘Global Empire of Capital’

 

In the face of climate catastrophe and a rising risk of nuclear war, Greece’s former finance minister says the global ruling class are “doing their best to push humanity over both cliffs at once.”

 

https://consortiumnews.com/2022/12/14/varoufakis-how-to-end-global-empir...

NorthReport

‘Triangle of Sadness’ is a flawed rebuke of the billionaire class

Palme d’Or-winning satire pushes the envelope with its themes and delivery

Review by Kalden Dhatsenpa / December 15, 2022 / 8 min read

REVIEWS

Sunnyi Melles aboard Triangle of Sadness. Still image courtesy of Cannes Film Festival.

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  • Triangle of Sadness

    Triangle of Sadness

    Ruben Östlund

    Imperative Entertainment, 2022

I am more interested in when we are failing. I’m interested in sins, where we don’t live up to the idea of what it is to be a good human being.”
―Ruben Östlund

When the ship goes down, so too do the first class passengers.”
―Amadeo Bordiga, Weird and Wonderful Tales of Modern Social Decadence

The titular triangle in this year’s Palme d’Or-winning film contains a multitude of references. It recalls a turn of the century Belgian Labour Party cartoon depicting the hierarchy of the powerful, one that needs to be overturned. The triangle of sadness is what plastic surgeons call the skin between your eyebrows where botox is typically injected. The image conjured by this is a literal manifestation of director Ruben Östlund’s attestment that all his films are about “people trying to avoid losing face.”

The Swedish filmmaker’s previous works demonstrate this maxim. Force Majeure (2014) depicts a father’s cowardness amidst a freak avalanche. The Square (2017) follows the crises of an art curator at a distinguished Swedish museum as he attempts to set up a controversial exhibit. Indeed, Östlund’s films are about turning conventional expectations and assumptions on their head, whether it’s fatherhood or the rarefied high-art world. With Triangle of Sadness (2022), the hierarchies of beauty and their relation to asset-backed power take centre stage. The film, a sharp mix of social satire and black comedy, is set onboard a luxury cruise. Östlund goes about blowing up the superyacht his characters inhabit, and seeing what (and who) falls overboard.

 

https://canadiandimension.com/articles/view/triangle-of-sadness-is-a-fla...

NorthReport

As Workers Battle Cancer, The Government Admits Its Limit For A Deadly Chemical Is Too High

https://www.propublica.org/article/goodyear-niagara-rubber-plant-ortho-t...

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Why I stopped Giving To the Greater Vancouver Food Bank

https://thetyee.ca/Culture/2022/12/22/Why-I-Stopped-Giving-Food-Bank/

NorthReport

The BS of the business community where businesses pay to be placed on a 'Top Employer' list fronted by the Globe and Mail. Read this and weep!

The 'Top Employer' Where Workers Keep Dying

https://thetyee.ca/News/2022/12/22/Top-Employer-Workers-Dying/

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It's 9:43 AM on the first day of work in 2023, and Canada's CEOs have already made what Canada's average workers will made in the entire year. And these executive's massive remuneratation have enormous tax shelters to boot.
What is wrong with this picture?

https://www.cbc.ca/news/business/canada-richest-ceo-average-salary-1.670...

NorthReport

Holiday travel mess shows why Canadian air travel industry needs competition: NDP

 

 

https://www.nationalnewswatch.com/2023/01/04/holiday-travel-mess-shows-w...

NorthReport

Shine a brighter light on contract government

Ottawa's becoming addicted to consulting firms. Other countries have rung the alarm. It's time for the same to happen here.

 

 

https://paulwells.substack.com/p/shine-a-brighter-light-on-contract?sd=pf

NorthReport
NDPP

Dr Vandana Shiva: 'Totalitarian Control Over Life' (and vid)

https://www.rt.com/shows/going-underground/569418-vandana-shiva-ecology-...

"How the 'Poison Cartel' controls food and life on earth."

NorthReport
NorthReport

Deconstructing Loblaw’s inept self-justification

Canadians are having a visceral reaction to the smug corporate power projected by the major supermarket chains

 

https://canadiandimension.com/articles/view/deconstructing-loblaws-inept...

NorthReport

"ABCs of Capitalism"

 

 

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Private Equity Values Are Down — and Workers Might Pay With Their Savings

BY

DAVID SIROTA

As public officials across America prepare to funnel even more of government workers’ savings to private equity moguls, they risk gambling away public retirement money as private equity values drop and industry executives continue to rake it in.

Exterior view of the New York Stock Exchange on Wall Street during the 2023 first trading day in New York City, January 3, 2023. (Kena Betancur / VIEW press)

 

https://jacobin.com/2023/02/private-equity-government-retirement-funds-v...

NorthReport
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NorthReport

Deconstructing Loblaw’s inept self-justification

Canadians are having a visceral reaction to the smug corporate power projected by the major supermarket chains

 

 

https://canadiandimension.com/articles/view/deconstructing-loblaws-inept...

NorthReport

There is only one way to reign in the capitalists, and the no matter how much money they have, it is never enough, crowd, and that is to go after and tax the offshore, presently untaxable, tax havens, which account for approximately 75% of all the financial transactions on the planet.  Why are our politicans not doing that?

https://www.investopedia.com/articles/personal-finance/100715/top-10-car...

josh

Property developer and CEO Tim Gurner: "We need to see unemployment rise. Unemployment has to jump 40, 50 percent in my view. We need to see pain in the economy. We need to remind people that they work for the employer, not the other way around."

"There's been a systematic change where employees feel the employer is extremely lucky to have them, as opposed to the other way around...We've got to kill that attitude and that has to come through hurting the economy."

https://x.com/kenklippenstein/status/1701660935394320518?s=20

kropotkin1951

The same strategy that NATO backed financiers take to the world at large. If a country does not comply with imperial rules then our Western elite will do everything it can to destroy their economies. That is of course justified by our commitment to freedom and democracy.