Even before COVID-19, Canada was experiencing a rapidly expanding housing bubble. As a matter of fact, it’s the biggest housing bubble of any G7 country, even bigger than the housing bubble that instigated the crash of 2008. While the bubble has been inflating out of control for years, the only question is: why hasn’t it […]

On July 8, federal finance minister Bill Morneau announced that the deficit had ballooned to an astronomical $343 billion. The total government debt load is predicted to surpass $1 trillion for the first time in Canadian history, reaching $1.2 trillion sometime next year. This unprecedented level of government spending begs the question: When will the […]

The COVID-19 pandemic has triggered an unprecedented economic crisis in Canada. In the words of the Trudeau Liberals, “the toll of COVID-19 on the broader economy in 2020 is expected to be the largest and most sudden economic contraction since the Great Depression.” Finance Minister Bill Morneau claims that “Our government has understood, from the […]

Developments in modern technology give a glimpse of what could be possible, if only these forces were under the control of society, and not profit-seeking capitalists. Adam Booth reviews a trio of recent books that explore this question.

Part 1: The Crash “Those who do not learn from history are doomed to repeat it.” Finding ourselves at the beginning of a new depression, interest in the last one has increased considerably. In this three-part study of the Great Depression, Alex Grant details the crash, the response of the ruling class, and how the […]

The Canadian government is rushing into its “recovery” phase, anxious to “get back to normal”. Not only will this attempt come up against the reality of coronavirus, but also the expectations of Canadian workers, the majority of whom recognize the need for fundamental changes.

Governments everywhere are pumping money into the world economy to keep it on life support. Followers of Keynesian ideas – of government stimulus and demand-side management – feel vindicated. But only Marxism offers a solution.

As large segments of the population face unemployment and loss of income as a result of COVID-19, governments have begun providing relief to individuals in the form of a basic monthly income. This has raised the question: Why not provide universal basic income in normal times? Some on the left are arguing that we should, […]

Canada entered this week facing a horrifying stage in the COVID-19 pandemic.  Until recently, efforts focused on “flattening the curve,” whereby health authorities insisted on “social distancing” and mass testing to relieve the strain on hospitals. These efforts have largely fallen short. While B.C. and Alberta seem to have had some success in limiting COVID-19’s […]

La version française de ce texte est disponible sur La Riposte socialiste. In order to understand what is to come it is necessary to understand what came before. In January and February 2020 the Fightback editorial board drafted the following perspectives document. This piece outlined the general processes in Canadian politics and economy in order […]