Portside

In a weak macroeconomy, the employment rate is a better indicator of labour market strength, since it avoids the arbitrary distinction regarding whether someone is sufficiently "active" in their job search to qualify as being officially "in" the labour market. The erosion of Canada's labour market performance over the last couple of years is not surprising in light of the general stagnation of the main drivers of economic growth in our system.

New scholarship by the French economist is a bona fide phenomenon - and the right is terrified. Thomas Piketty argues that the main driver of inequality - the tendency of returns on capital to exceed the rate of economic growth - threatens to generate extreme inequalities that stir discontent and undermine democratic values. He calls for political action and policy intervention. Video - Joseph Stiglitz and Paul Krugman on the significance of the work, and the stir.

Based on the leaks — and the history of arrangements in past trade pacts — it is easy to infer the shape of the whole TPP, and it doesn’t look good. We should accept the short-term pain, [some] say, because in the long run, all will benefit. But as John Maynard Keynes famously said in another context, “in the long run we are all dead.” In this case, there is little evidence that the trade agreements will lead to faster or more profound growth.

Treaty negotiated in secret between 12 nations 'would trample over individual rights and free expression', says Julian Assange. WikiLeaks released the secret negotiated draft text for the entire TPP (Trans-Pacific Partnership) Intellectual Property Rights Chapter. The TPP is the largest-ever economic treaty, encompassing nations representing more than 40 per cent of the world's GDP.

Last month, thousands of people protested in Rome against austerity policies and high unemployment, urging the new government to focus on creating jobs to help pull the country out of recession. The sea of protesters waving red flags and calling for more workers' rights and better contracts. Italy is in a recession and unemployment has skyrocketed with youth unemployment at around 38 percent. "We can't wait anymore" and "We need money to live" were among slogans.

The latest sweatshop disaster in Bangladesh, which claimed the lives of over 200 young women, calls into question the foundations of US globalization policies since the Clinton era. It is not enough to blame the corruption of Bangladesh factory owners, nor sufficient to suggest better training and factory codes from Walmart or the Gap. It is time to ban the US sale of garments made in Bangladesh until enforceable labor codes are imposed on that country.