The Parallel Parliament

Glen Pearson

Posts tagged “wealth

Cities – Our Future Battleground

Posted on March 1, 2018

Whatever the future holds, the fate of humanity will be played out in our cities. Seem far-fetched?  It shouldn’t.  This much we know.  In the next 100 years, the greatest migration to cities around the world will occur, with some 7-8 billion people becoming urbanites – more than exist on earth right now.  Nothing in history matches this.  Most of this vast movement will take place in developing nations, but the cities of the West won’t be able to escape the remarkable challenges and opportunities that come from this phenomenon. When you think about the greatest challenges facing us at present, they have been emerging mostly in our urban centers for a half a century or more.  Climate change, poverty, wealth creation, jobs, unemployment,…

Homes Without People

Posted on February 16, 2018

It’s a phenomenon few saw coming, but it’s beginning to turn our perspectives on modern cities on its head.  The point of the spear seems to have begun in New York City – Manhattan specifically.  The number of apartments in that region occupied by absentee owners and renters grew from 19,000 in 2000 to 34,000 by 2011 and has likely mushroomed since.  That’s a jump of 70% in just a decade.  One three-block stretch of the Upper East Side has a 57% vacancy rate for 10 months each year. It’s not just developers and owners excessively purchasing properties and holding on to them as they hold out for higher sales (we have lots of them in Canadian cities).  According to Richard Florida in his…

Inequality in the Fast Lane

Posted on December 14, 2017

In the midst of all the election hubbub following the stunning Democratic Senate win in Alabama, one Republican congressman used the occasion to call on the Republican Party to dump Steve Bannon, one of the early architects of Trump’s presidency. Congressman Peter King is worried over where his own party is headed in recent weeks and although his speaking out against Bannon raised a lot of eyebrows, it was something he said only a couple of weeks earlier that carries much more significance. While the Republican tax cut plan was heralded by some in Washington, King was flummoxed by the nonsensical hurry to get it passed when it was, in fact, the deepest cut in corporate taxes seen in decades. “You’re rewriting a tax…

Can Canada Afford Its Dreams? Follow the Money

Posted on March 22, 2016

IT’S BUDGET DAY, AND ONGOING POLLING SPEAKS to significant amounts of support for the new Trudeau government. The new PM himself has hinted that he is prepared to help lead a reinvigorated progressive movement internationally. It’s still early days, but it’s difficult to deny that the initial impressions of Justin Trudeau internationally have been favourable. To be one of the leaders of global progress, however, Trudeau has to show that his ideas work at home, and on this particular budget day that will be a tall order. We’ll hear the usual spin from politicians, economists, media pundits, and interest groups on the budget’s effects. People will debate the size of the proposed deficit, the effectiveness of investment in infrastructure, and how Canada has to…

Middle-Out

Posted on February 25, 2016

“AMERICA’S PREMIER SELF-LOATHING PLUTOCRAT“ – no kidding, that’s what they call Nick Hanauer. He’s been in these blog posts before, where we spoke of his criticizing his peers for robbing the wealth of the United States instead of investing in productivity. He’s now at it again, only this time championing a $15 minimum wage south of the border. Again, his peers and the corporate elite are irate with his position, and small business owners aren’t wild about it either, but his rationale, and the way he publicizes it, is carrying some momentum. In fact, the way he sees it, it’s not the labour leader or minimum wage employee who’s the best face of the effort, but his own. His rationale? “A guy like me…

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