Government debt: A volcano ready to eruptIn 2016, debt servicing cost $21.8 billion; this year, it will reach $55.6 billion; by 2029, $76.1 billion—more than the cost of federal transfer payments for health care and child care combined.
The anarchic AI race: boom, bubble, and bustThe booming tech sector may be on the verge of a mighty bust – one that has the potential to cause chaos and catastrophe across the global economy.
Canadian economy barreling towards catastropheAs American imperialism abandons the so-called liberal world order established after WWII, Canada is one of the biggest losers.
What the stock market bubble can tell us about the state of the US economyThe whole picture illustrates the organic crisis of capitalism, that the system is at a dead end and can’t take society forward.
Carney’s military spending is a gift to the U.S.All working Canadians will be made to pay through austerity. Meanwhile, foreign arms companies, along with Canadian billionaires like New Brunswick’s infamous Irving family—whose company is producing one of the destroyers—will cash the cheques.
Carney’s austerity begins. His first target: Canada PostThe cuts to Canada Post are a harbinger of things to come under Carney.
We are poor because they are richIn Canada, inequality has reached a historic high. The richest 20 per cent now own 64.7 per cent of all the wealth, while the bottom 40 per cent own only 3.3 per cent.
Thousands of empty condos amid a housing crisisNo one could ask for better proof that the market has utterly failed to provide the housing people need.
US weakness exposed as US-China trade war pausedTrump is like the boy that cried wolf. His threats look increasingly unserious, especially after China showed that he can be made to back down.
The Communist Program to combat the crisisThe Revolutionary Communist Party rejects all attempts to pass the burden of this crisis onto the backs of working class people.
