Capitalism

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Team Canada's Olympic Outfits Are A Problem

How does it look to have Canada's major department store, Hudson's Bay, teaming up with Dsquared2, the focal point of last year's atrocious "Dsquaw" debacle, to produce the outfits that our athletes will wear in Rio? What does it say about the Olympic Games, the corporate sponsors, and their relationship with Indigenous people in Canada?
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Tamils' Path To Prosperity In Canada

Our arrival in Canada started in earnest after the 1983 anti-Tamil riot in Sri Lanka. The mass exodus accelerated in the last decade of the last century, resulting in largest Sri Lankan Tamil population outside of Sri Lanka. Since then, collectively the lives of Tamils were "rewired".
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The Economic Case Against Leg Room Being a 'Human Right'

I almost spit out my coffee the other morning when I stumbled upon this piece by a fellow named Christopher Elliott. In it, he argued that having enough room for your legs on an airplane should be a "human right." One has to be willfully ignorant to not understand that this type of regulation, if adopted, would raise the cost of airline tickets everywhere.
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Toronto's 2024 Olympic Bid Process Suffers from a 'Democracy Deficit'

Discussions about the 2024 bid were supposed to take place soon after the conclusion of the Pan Am and Parapan Am Games on August 15th. The Games have passed, the September 15th deadline is looming, and the trio of organizers -- Bob Richardson, Marcel Aubut, and Mayor John Tory -- have gone commando silent. They haven't offered a peep about procedures or timelines. We don't know with whom or how these discussions will take place. Why the secrecy? Where is the transparency and accountability in the Toronto 2024 bid process?
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How Capitalism Saved the World

Unlike the iron fist of communism, capitalism's incidents of harm (recall the mugging in Central Park) result not from government oppression but from the nature of freedom itself. Misguided newspaper columns notwithstanding, in theory, practice and historical record, between capitalism and communism, there's no comparison.
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Why Capitalism Won't Leave the West

Some might describe it as the genius of capitalism; the ability to adapt on the fly according to the circumstances. Hence the drive to technological fixes in alternative energy generation, storage, and distribution. While the existential threat to the species is a clear and present danger, capitalism's ability to adjust is subject only to the limitations of the human mind.
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This Is Why Today's Youth Is Apathetic

If the top dog in the world of finance couldn't figure it out, how is today's 19-year-old supposed to identify what's wrong and go after those at fault? The current situation doesn't lend itself to short, snappy slogans. Instead, he'd have to have a giant sign to carry in a protest march that read something like: "Down with modern financial capitalism or at least have it regulated by a body with some effective oversight and the ability to regulate and curtail new, harmful species of financial investment vehicles.
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Mending the Capitalist Model

The reality is that capitalism and globalization have given Western consumers cheap goods and helped emerging economies grow, but that's usually done through the exploitation of workers and the environment. But Oliver Niedermaier has come up with a "capitalist solution for a capitalist failure."
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Protect Ya Neck: The Real Price Of Crowdfunding

I love crowdfunding, because it's like watching money have a wrestling match with ideas. It's capitalism in microcosm. It's important to not lose sight of the lesson here: Crowdfunding websites are not responsible for anything that happens once you've contributed. You are leaving your money on the table, walking away, and hoping for the best.
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Pope Francis is Wrong About Capitalism

Any time of year is a good time to discuss poverty but the subject has obvious resonance at Christmas. Thus, unsurprisingly, Pope Francis recently wrote about the necessity of compassion for those on the margins. However, the Pope's letter also took capitalism in general to task -- troubling because the relationship between wealth creation and the alleviation of (some) poverty is often misunderstood. The Pontiff's critique will not necessarily correct this confusion. The Pope's letter is a broad-brush critique but thoughtful readers should pause, ponder and then object.
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A True Christmas Miracle in London, Ontario

Bob Cratchit comes out as the true hero of Dicken's novel A Christmas Carol -- a worker, a family man, a believer in the goodness of people. London, Ontario just witnessed a similar example yesterday, as Kellogg's employees, despite the devastating news of the impending shutdown, raised $10,000 and purchased quality foodstuffs for the local food bank. If we are ever to find a reason for believing in Christmas, this is it.
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Will Harper's Love for Big Business Turn Ugly?

Everyone knows the Conservative government is an unabashed supporter of corporations and foreign investors. They have slashed environmental oversight; attacked labour unions; opened the telecommunications sector up to majority foreign ownership; tripled the financial threshold point where the government must do a "net benefit" test of a foreign corporate takeover. Clearly, big business has gotten almost everything it has wanted from Harper's Conservatives. What should we learn from the fact that it still pushes for more? Perhaps a simple truth about capitalism: There is never enough profit.
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Coffee's Complicated Relationship With Capitalism

The concept of sustainability is not just a feel-good marketing concept; it is both a moral and functional imperative. And so, to make the financial case for paying farmers more is simple: if we don't do it now, there won't be coffee to sell later. To make the humanitarian case for it is just as simple: coffee farmers deserve better.
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Why Hasn't the Free Market Solved Climate Change?

One of the great mysteries of contemporary capitalism is the fact that as a system it appears absolutely incapable of responding to the crisis of climate change. Why can't a system that made the automobile into an accessible mass consumer good provide us with clean and efficient mass transit, or at the very least electric cars? On this matter, the forces of the market are curiously silent.