The Parallel Parliament

Glen Pearson

Posts tagged “economy

When the Past Can’t Escape the Present

Posted on March 26, 2015

TODAY THE LONDON FOOD BANK LAUNCHES its 29th Spring Food Drive amid growing doubts concerning this country’s resolve to take poverty, and those mired within it, seriously. Dr. Jason Gilliland, professor from Western University will report at the press conference that poverty and hunger have now become entrenched, not only in our city, but in numerous communities across the country. This is a difficult spot to arrive at for Canadians, for it effectively moves poverty from being a serious issue to tackle to a permanent class of individuals and families. Effectively, we appear to be coming to an end of what American author E. J. Dionne Jr. calls “the Long Consensus” –  an era where governments from all jurisdictions legally came together to join…

Devouring Social Capital

Posted on March 5, 2015

WHEN CANADIAN MARK CARNEY LEFT his post as the head of the Bank of Canada to take on the prestigious role as the Bank of England’s governor, it was like he was jumping from the frying pan into the fire. That was almost 18 months ago and times have been turbulent for the world economy, including Britain’s. He was deemed a typical mild-mannered Canadian who would bring a sense of stability. So when he was asked to speak at England’s prestigious Guild Hall to the country’s elites no one was expecting anything out of the ordinary.. They should have been better prepared. He surprised everyone when he launched into his view of how capitalism itself is at risk. “Just as any revolution eats its…

Two-Fold Shame

Posted on February 3, 2015

IT CAUGHT A LARGE NUMBER OF AMERICANS off-guard, but there it was, on record, and an abrupt turnaround from a few years earlier. Although Mitt Romney dropped out of the race to be the Republican presidential nominee last week, he had nevertheless raised eyebrows when claiming that his interest in entering the contest was based on a deep desire to address poverty and income inequality. A subject that barely reached the surface in his last presidential run against Obama, the plight of the marginalized was now front and centre. Moreover, he announced his concern for another group as well. “It’s a tragedy, a human tragedy, that the middle class in this country by and large doesn’t believe that the future will be better than the…

Innovation Agents

Posted on January 29, 2015

  ONE OF THE GREAT CRITICISMS THAT HAS that always confronted the World Economic Summit in Davos each and every year is that its pronouncements sounds so grandiose and global when in fact little, if anything, concrete seems to come from all that talk and collaboration. We need evidence, the kind that is supposed to emerge when connected minds and collaborative intelligence get together and map out a way forward. Proof of what is possible is far more important to the billions in this world than mere projections of what could be. In numerous and provocative dimensions this is what billionaire and elite rebel Nick Hanauer has been prodding his peers to do: get real. Yet he understands that financial reform will prove impossible…

The Real Creator of Jobs

Posted on January 28, 2015

IN RESPONDING TO NICK HANAUEER’S observation that “the pitchforks are coming,” one of the .01% noted that the democracy has successfully “tamed” the masses, to the point where violent responses to growing economic inequality are no longer likely. One wonders what that person must think of the millions marching in the streets of Paris in response to a brutal attack on Charlie Hebdo, or the hundreds of thousands marching in streets across the world seeking change in the world’s financial system. These demonstrators might not carry rudimentary weapons like pitchforks, it’s true, but on the other hand, armed with smartphones, websites, petitions, cameras, and powerful texting abilities has meant that they can actually enter into the consciousness of the world in ways never seen…

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