Category: financial crisis

Canada disaster capitalism economics financial crisis Steve The Corporation
November 26, 2008

Harper’s Plan: Death to Canada by 1000 Cuts

There’s something about the Harper Administration that I can’t quite understand. I’ve never seen a more passive government. The world is falling to pieces and all these people can do is react in terms of cuts.  Thousands of cuts that will bleed Canada to death. Tomorrow, Jim Flaherty will release his long anticipated Economic Statement, but the Canadian Centre for Policy Alternatives has already released […]

disaster capitalism financial crisis The Corporation
November 25, 2008

GM Doing Really Well … Somewhere Else

Executives of the auto industry are embarassing themselves as they go to Capitol Hill with cap in hand asking for handouts.  They talk of financial crisis, economic meltdown and no demand for their gas guzzling trucks and SUVs. They couldn’t see it coming. But somehow, their international operations do exceptionally well.  Full story here . There are a lot of reasons to be suspicious about […]

disaster capitalism financial crisis Politics The Corporation
November 20, 2008

GM: The Ultimate Robin Hood? Or Scammer?

Some people are questioning the decisions of GM executives to fly in their Jetstreams to Washington to whine about how broke the North American company is, but are few people even aware that GM is planning on spending more than $1 billion in Brazil on a manufacturing plant? They just earned a resounding NO from me.  Let’s try to aggregate that though and send a […]

corruption disaster capitalism economics financial crisis The Corporation US economy
November 14, 2008

Fed Refuses to Identify Recipients of $2 Trillion in Bailout Money

Like vapour, this cash is being printed (well, not really) and it’s disappearing faster than anyone thought we could collectively imagine. Huffington Post story here . The level of corruption has become absolute and there’s no reason – NONE – to believe that the leaders of the US, the leaders of various financial organizations or other neo-con institutions are ethically capable of doing the right […]