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Why the return of economic growth is a neoliberal illusion

It’s true there’s a historical correlation between security, prosperity and growth. Those were the days when “trickle-down” worked. It worked because the trickling down occurred through higher wages and better social services at the insistence of a strong labour movement when our media weren’t just corporate mouthpieces.

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Culture Shift: Redirecting Humanity’s Path to a Flourishing Future

Published in Open Democracy | Transformation, March 20, 2018.

It’s time to build a new worldview around a deeper sense of connectedness.

What do all these ideas have in common—a tax on carbon, big investments in renewable energy, a livable minimum wage, and freely accessible healthcare? 1,403 more words


Americans don't need more money to be happier—they need to be like Denmark

The new World Happiness Report again ranks Denmark among the top three happiest of 155 countries surveyed—a distinction that the country has earned for seven consecutive years. 662 more words

Recession Hints

Congratulations, it has been ten years since the start of the Great Recession. Ready to party like it is 2006? There are similarities: stock market is up, unemployment is down, interest rates are low. 123 more words


(What's Left of) Our Economy: America's Growth and Savings Dilemma in a Nutshell

An intriguing op-ed in USAToday provides a great opportunity to return to an important subject RealityChek has neglected a bit in recent weeks – the quality of America’s economic growth. 480 more words

{What's Left Of) Our Economy

Higher trade deficit pushes up Q3 CAD to 2% of GDP at $13.5 bn

Source: The Hindu Business Line, Mar 16, 2018

Mumbai: The current account deficit rose to 2 per cent of the GDP at $ 13.5 billion in the December quarter, up from $ 8 billion or 1.4 per cent in the year-ago period, on the back of higher trade deficit, shows the Reserve Bank data.The CAD, which shows the difference between foreign exchange earned and spent, stood at $ 7.2 billion or 1.1 per cent of gross domestic product (GDP) in the preceding September quarter, according to data released by the central bank today. 282 more words

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