- In case anybody held out hope that the Harper Cons might follow up on their residential school apology with some concrete action to change First Nations relations for the better, here's the predictable result: a gratuitous ultimatum on land claims which seeks to force First Nations to take whatever is on the table now or risk being left with next to nothing.
- Ellen Russell comments on how the corporate right has turned financial crisis into a way of life for its own benefit:
Because the appetite for risk is so pervasive (#4), financial instruments and practices are so complex (#5), regulations are so inadequate (#6), and markets are so interdependent (#7), the "contagion effects" of a panic in one market or country can spread to far-flung and unexpected places. Thus the problems in Greece may spread to other EU countries, to the banks and other investors holding the debt of eurozone countries, to those exposed directly or indirectly to these banks and other investors, to any entity that provided financial "insurance" on anything sucked into the crisis, and anywhere else that financial panic touches down.- Yes, the shift to an HST model is all about benefitting the well-connected. But it's quite thoughtful of the B.C. Libs to serve up Exhibit M just in time for the referendum.
Awareness is growing that the arcane workings of financial markets have big impacts on their lives. No one is exempt from the devastation once a financial tsunami gathers momentum -- especially since economic contractions and government downsizing often follow closely behind the financial wreckage.
Financial crisis do not have to become a way of life. Ultimately, financial crisis is a political problem. It will take a massive shift in political mobilization to counter the current hegemony of financial interests.
Democratic financial reform must be a cornerstone for all of our agendas for economic change. Since we ultimately bail out these financial titans when crisis hits, we are entitled to make sure that finance is serving the public interest. Neoliberalism has made financial crisis a way of life. To move beyond neoliberalism, we need crack down on the financial sector so that a different way of life is possible.
- Which offers all the more reason to answer "Absolutely!" to Rafe Mair's rhetorical question.
- Finally, Digby reminds us of the dangers of cult conservatism.