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Bank of Canada governor’s advice to unemployed youth? “Work for free”
The bankruptcy of the capitalist system was recently laid bare by Bank of Canada governor Stephen Poloz’s advice to unemployed youth who continue to struggle to find jobs in the stagnant economy. Rather than be discouraged, Poloz suggested that young workers “might as well go out and do something for free” until the economy improves. […]
Draft Canadian Perspectives 2009: The Failure of Capitalism and the Need for a Socialist Alternative
Capitalism has failed. This fact conditions all future developments. Since the fall of the Soviet Union, all the mouthpieces of capitalism repeated the mantra, “socialism has failed, capitalism has won, there is no alternative.” Francis Fukuyama declared it was “the end of history.” Free-markets, privatization, corporate tax-cuts, deregulation, and outsourcing were seen as the only […]