@kpetty.bsky.social
Reposted
It's the same reason per capita GDP comparisons between Canada and the US are so bogus. Super-profits of US tech oligopolies certainly lift US GDP & apparent productivity. Yet the median Canadian has more income & wealth, better health, and lives longer. centreforfuturework.ca/2025/05/06/p...
Per Capita GDP is a Deeply Flawed Measure of Economic Performance and Living Standards - Centre for Future Work
During the recent federal election, some business and political commentators used data regarding Canada’s relative performance in growing its “GDP per capita” to argue that Canadians have experienced ...
centreforfuturework.ca
July 11, 2026 at 5:41 PM
It's the same reason per capita GDP comparisons between Canada and the US are so bogus. Super-profits of US tech oligopolies certainly lift US GDP & apparent productivity. Yet the median Canadian has more income & wealth, better health, and lives longer. centreforfuturework.ca/2025/05/06/p...
Reposted
UBS 2026 Global Wealth Report confirms the typical (ie. median) Canadian is 2x wealthier than the median American. Cda ranks 7th on median wealth, US 28th. Galactic hoards of Musk, Bezos, et al inflate the US average but virtually none flows to most Americans. #canlab #cdnecon /2
July 11, 2026 at 5:41 PM
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The knee-jerk instinct of Conservatives is to blame govt for everything. Even when the problem (in this case, shocking gas prices) clearly originates with corporate greed. My take for today’s Toronto Star: www.thestar.com/business/opi... #canlab #cdnecon #cdnpoli
April 11, 2026 at 2:19 PM
The knee-jerk instinct of Conservatives is to blame govt for everything. Even when the problem (in this case, shocking gas prices) clearly originates with corporate greed. My take for today’s Toronto Star: www.thestar.com/business/opi... #canlab #cdnecon #cdnpoli
Reposted
Pierre Poilievre demands Ottawa cancel gasoline taxes to offset sky-high prices from Trump's war on Iran (which Poilievre enthusiastically backs). He doesn't want to discuss the true culprit: oil industry profits. My take in
@thestar.com: www.thestar.com/business/opi... #cdnecon #canlab
@thestar.com: www.thestar.com/business/opi... #cdnecon #canlab
Maybe oil companies should cap pump prices instead of Poilievre blaming taxes for $2 gas
Conservative leader Pierre Poilievre last week urged Ottawa to suspend taxes on fuel. Maybe, writes Jim Stanford, he should ask companies to roll back pump prices, or demand a tax
www.thestar.com
April 9, 2026 at 10:26 PM
Pierre Poilievre demands Ottawa cancel gasoline taxes to offset sky-high prices from Trump's war on Iran (which Poilievre enthusiastically backs). He doesn't want to discuss the true culprit: oil industry profits. My take in
@thestar.com: www.thestar.com/business/opi... #cdnecon #canlab
@thestar.com: www.thestar.com/business/opi... #cdnecon #canlab
Reposted
NOT-SO-FUN-FACT: According to gasbuddy.com/charts, the Canadian avg price of gasoline has risen 35c/litre since Trump & Bibi started war with Iran. That's twice as much, in 2 weeks, as the former federal carbon price ultimately added after its entire 6 years of existence. /2
March 18, 2026 at 1:14 AM
NOT-SO-FUN-FACT: According to gasbuddy.com/charts, the Canadian avg price of gasoline has risen 35c/litre since Trump & Bibi started war with Iran. That's twice as much, in 2 weeks, as the former federal carbon price ultimately added after its entire 6 years of existence. /2
Reposted
Oil futures open above $100 US Monday morning. Up 65% on the week. That’s as big a rise as after the Ukraine invasion in 2022, that set off peak global inflation. And there’s much more to come this time. My take on how to limit the damage: www.pressreader.com/canada/toron... #cdnecon #canlab
PressReader.com - Digital Newspaper & Magazine Subscriptions
Digital newsstand featuring 7000+ of the world’s most popular newspapers & magazines. Enjoy unlimited reading on up to 5 devices with 7-day free trial.
https://pressreader.com/canada/toronto…
March 9, 2026 at 6:25 AM
Oil futures open above $100 US Monday morning. Up 65% on the week. That’s as big a rise as after the Ukraine invasion in 2022, that set off peak global inflation. And there’s much more to come this time. My take on how to limit the damage: www.pressreader.com/canada/toron... #cdnecon #canlab
Reposted
Public Service Announcement: When the price of gasoline jumps this week, remember it was refined from oil (mostly Canadian) produced weeks ago, only 2% of which comes from the Middle East. It's a policy choice, not 'market forces', that explains why you'll pay more (and oil profits will soar). /2
March 2, 2026 at 7:34 PM
Public Service Announcement: When the price of gasoline jumps this week, remember it was refined from oil (mostly Canadian) produced weeks ago, only 2% of which comes from the Middle East. It's a policy choice, not 'market forces', that explains why you'll pay more (and oil profits will soar). /2
Reposted
The 400 richest Americans are now worth a record $6.6 trillion.
The entire bottom 50% of America is worth just $4.2 trillion.
Read that back.
When 400 people control more wealth than half a country’s population, we have a very serious problem.
The entire bottom 50% of America is worth just $4.2 trillion.
Read that back.
When 400 people control more wealth than half a country’s population, we have a very serious problem.
October 12, 2025 at 11:30 PM
The 400 richest Americans are now worth a record $6.6 trillion.
The entire bottom 50% of America is worth just $4.2 trillion.
Read that back.
When 400 people control more wealth than half a country’s population, we have a very serious problem.
The entire bottom 50% of America is worth just $4.2 trillion.
Read that back.
When 400 people control more wealth than half a country’s population, we have a very serious problem.
Reposted
Highly recommend www.youtube.com/watch?v=hB51... with @naomiaklein.bsky.social @sethdklein.bsky.social @elamin.bsky.social. Seth reminds us of @alexhim.bsky.social's point: Worst thing about neoliberalism not cuts privatization but sapping our imagination & faith in capacity to do things together
Naomi Klein, Seth Klein & Elamin Abdelmahmoud: The Shock Doctrine | Chan Centre
YouTube video by Chan Centre for the Performing Arts
www.youtube.com
May 19, 2025 at 5:57 PM
Highly recommend www.youtube.com/watch?v=hB51... with @naomiaklein.bsky.social @sethdklein.bsky.social @elamin.bsky.social. Seth reminds us of @alexhim.bsky.social's point: Worst thing about neoliberalism not cuts privatization but sapping our imagination & faith in capacity to do things together
Reposted
Palestinians are being massacred in Gaza day after day after day and yet I still here some people telling me how happy they are that Trump has had a falling out with Netanyahu.
Who cares?!
Netanyahu is still killing kids with Trump’s blessing. That’s all that matters.
Who cares?!
Netanyahu is still killing kids with Trump’s blessing. That’s all that matters.
May 16, 2025 at 9:37 PM
Palestinians are being massacred in Gaza day after day after day and yet I still here some people telling me how happy they are that Trump has had a falling out with Netanyahu.
Who cares?!
Netanyahu is still killing kids with Trump’s blessing. That’s all that matters.
Who cares?!
Netanyahu is still killing kids with Trump’s blessing. That’s all that matters.
Reposted
"Ice has become Trump’s private militia. It must be abolished"
It's become fashionable for even progressive politicians to diss the 'Abolish ICE' movement. I make the political and moral case for abolition in my latest for @GuardianUS, with receipts:
www.theguardian.com/commentisfre...
It's become fashionable for even progressive politicians to diss the 'Abolish ICE' movement. I make the political and moral case for abolition in my latest for @GuardianUS, with receipts:
www.theguardian.com/commentisfre...
May 13, 2025 at 3:53 PM
"Ice has become Trump’s private militia. It must be abolished"
It's become fashionable for even progressive politicians to diss the 'Abolish ICE' movement. I make the political and moral case for abolition in my latest for @GuardianUS, with receipts:
www.theguardian.com/commentisfre...
It's become fashionable for even progressive politicians to diss the 'Abolish ICE' movement. I make the political and moral case for abolition in my latest for @GuardianUS, with receipts:
www.theguardian.com/commentisfre...
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Folks: do not believe the spin. The Québec city tramway is very popular.
The party now tells a colleague of mine that it was a "publishing oversight" and the English version of the platform has now been updated.
(It had not been updated when I checked earlier this morning.)
(It had not been updated when I checked earlier this morning.)
April 23, 2025 at 2:46 PM
Folks: do not believe the spin. The Québec city tramway is very popular.
Reposted
So after the long wait for a Conservative costed platform, we finally have it. And it is largely premised on the old & tired neo-con fan favorite – tax cuts will pay for themselves!
Seen this movie so many times. It doesn't end well. This guy is not a serious person.
Seen this movie so many times. It doesn't end well. This guy is not a serious person.
April 22, 2025 at 3:59 PM
So after the long wait for a Conservative costed platform, we finally have it. And it is largely premised on the old & tired neo-con fan favorite – tax cuts will pay for themselves!
Seen this movie so many times. It doesn't end well. This guy is not a serious person.
Seen this movie so many times. It doesn't end well. This guy is not a serious person.
Reposted
See how this works? www.bloomberg.com/news/article...
Billionaires Score Best-Ever Day as Stocks Soar on Tariff Pause
The world’s wealthiest people added $304 billion to their combined net worth on Wednesday — the largest one-day gain in the history of the Bloomberg Billionaires Index — as stock markets soared after ...
www.bloomberg.com
April 9, 2025 at 11:30 PM
See how this works? www.bloomberg.com/news/article...
Reposted
I was asked today what Trump's tariff shock and the stock market meltdown means for Canadians' investments and retirement.
www.cbc.ca/listen/live-...
At the 10 min mark, right after @armstrongcbc.bsky.social's excellent update. What a day.
www.cbc.ca/listen/live-...
At the 10 min mark, right after @armstrongcbc.bsky.social's excellent update. What a day.
© CBC/Radio-Canada 2025. All rights reserved.
www.cbc.ca
April 8, 2025 at 9:06 PM
I was asked today what Trump's tariff shock and the stock market meltdown means for Canadians' investments and retirement.
www.cbc.ca/listen/live-...
At the 10 min mark, right after @armstrongcbc.bsky.social's excellent update. What a day.
www.cbc.ca/listen/live-...
At the 10 min mark, right after @armstrongcbc.bsky.social's excellent update. What a day.
Reposted
If you are looking for some hopeful climate news in these otherwise bleak times, read today's column by Chris Hatch about the U.K.'s remarkable reduction in GHGs. Their planet-heating emissions are now the lowest since 1872. Puts Canada to shame. 👇 www.nationalobserver.com/newsletters/...
A ray of sunshine breaks through the climate doom
www.nationalobserver.com
March 16, 2025 at 3:31 PM
If you are looking for some hopeful climate news in these otherwise bleak times, read today's column by Chris Hatch about the U.K.'s remarkable reduction in GHGs. Their planet-heating emissions are now the lowest since 1872. Puts Canada to shame. 👇 www.nationalobserver.com/newsletters/...
Reposted
Elon Musk called Social Security a "ponzi scheme." This is absolute rubbish. Social Security has paid every benefit owed to every eligible American for 85 years. Perhaps the bigger "ponzi scheme" is the $38 billion spent by taxpayers to prop up his corporations?
March 2, 2025 at 9:01 PM
Elon Musk called Social Security a "ponzi scheme." This is absolute rubbish. Social Security has paid every benefit owed to every eligible American for 85 years. Perhaps the bigger "ponzi scheme" is the $38 billion spent by taxpayers to prop up his corporations?
Reposted
Hear me out.
Create a Crown Corp that creates generic/essential pharmaceuticals + vaccines.
Take the WHO model list of Essential Medicines and create a strategic national medical stockpile. Excess to be distributed worldwide.
We may not be a maj. military power but we can be a humanitarian one.
Create a Crown Corp that creates generic/essential pharmaceuticals + vaccines.
Take the WHO model list of Essential Medicines and create a strategic national medical stockpile. Excess to be distributed worldwide.
We may not be a maj. military power but we can be a humanitarian one.
January 6, 2025 at 1:41 PM
Hear me out.
Create a Crown Corp that creates generic/essential pharmaceuticals + vaccines.
Take the WHO model list of Essential Medicines and create a strategic national medical stockpile. Excess to be distributed worldwide.
We may not be a maj. military power but we can be a humanitarian one.
Create a Crown Corp that creates generic/essential pharmaceuticals + vaccines.
Take the WHO model list of Essential Medicines and create a strategic national medical stockpile. Excess to be distributed worldwide.
We may not be a maj. military power but we can be a humanitarian one.
Reposted
I'm reading it. I'm teaching it. Let's read it together
December 14, 2024 at 4:40 AM
I'm reading it. I'm teaching it. Let's read it together
Reposted
Read it.
Econ effects of past tariffs imposed by Trump, then Biden, and what Trump's latest will mean. taxfoundation.org/research/all/federal/tariffs/
Americans pay ~$1.5TR more in taxes. Economy slows. Roughly half a million jobs wiped out (net, some will be created too)
Just to say "Me First"
Econ effects of past tariffs imposed by Trump, then Biden, and what Trump's latest will mean. taxfoundation.org/research/all/federal/tariffs/
Americans pay ~$1.5TR more in taxes. Economy slows. Roughly half a million jobs wiped out (net, some will be created too)
Just to say "Me First"
Tariff Tracker: Tracking the Economic Impact of Tariffs
The Trump administration imposed nearly $80 billion worth of new taxes on Americans by levying tariffs on thousands of products in 2018 and 2019, amounting to one of the largest tax increases in decad...
taxfoundation.org
November 27, 2024 at 3:13 PM
Read it.
Econ effects of past tariffs imposed by Trump, then Biden, and what Trump's latest will mean. taxfoundation.org/research/all/federal/tariffs/
Americans pay ~$1.5TR more in taxes. Economy slows. Roughly half a million jobs wiped out (net, some will be created too)
Just to say "Me First"
Econ effects of past tariffs imposed by Trump, then Biden, and what Trump's latest will mean. taxfoundation.org/research/all/federal/tariffs/
Americans pay ~$1.5TR more in taxes. Economy slows. Roughly half a million jobs wiped out (net, some will be created too)
Just to say "Me First"