Tag: disaster capitalism

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 […]

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 […]

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 […]

November 13, 2008

Cry-baby Capitalism

Cry-baby capitalism is making me sick to my stomach. Why is that when things are on the way up, we’re all told to buckle up and suck it up and keep up with all of the others that are racing ahead of us as we stumble in our careers or other activities, while on the way down, the world’s (once) largest companies are the first […]

October 26, 2008

For Whom the Bailout Tolls

This story offers a nice commentary on some of the excesses associated with the bailouts. AIG, in particular, stands out.  Words like greed and gluttony come to mind.  Excessive greed.  Excessive gluttony.  Why these clowns were bailed out at all is beyond me. There are "claw back" provisions in the big $700 billion bailout passed by Congress three weeks ago, requiring that financial institutions get […]