Welsh - Activist | December 12, 1954 -
When we see the banks get bailed out with seemingly no consequences while ordinary people pay the price with job and wage cuts through austerity measures, who could blame a person for wondering where the loyalties of their elected leaders really lie?
Sharan Burrow
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Limiting the destructive risk-taking by large financial firms and banks which are 'too big to fail' is needed.
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Creating a Financial Transactions Tax would go a long way to curbing short-term speculative trading, including high-frequency trading.
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If you think the dominant orthodoxy - shrink your economy, render workers jobless, impoverish families, and still grow - is an oxymoron... then you would be right.
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As economists bandy about terms like 'recapitalization,' 'credit lines,' and 'liquidity,' families are facing brutal cuts to their social services and welfare payments, losing their homes, wondering how their kids will make their way in the world.
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It's never been clearer that unrestrained market forces do not produce the kind of societies we aspire to - economically stable and socially inclusive, where citizens have access to secure jobs with the dignity of a fair wage and a welfare safety net.
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The concept of 'green jobs' or a 'green economy' is often attacked as the work of the Grimm Brothers by those wedded to the grim science of free-market economics.
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Investment in jobs at a time when millions are unemployed can only be a good thing: all the better if the jobs help us shift from a high-carbon to a low-carbon economy.
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Programs that reduce energy and water use and increase green agriculture and transport have huge job-creating potential.
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Poor people around the world spend more on energy because they lack the capital to buy a more expensive energy-efficient product.
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We all eat breakfast in the morning, we all go to sleep at night, and we all want our kids to have opportunities that we didn't.
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Anyone who has lived in an area with high unemployment knows how it erodes social bonds, lowers the resilience of the unemployed and their families, and damages the prospects of the next generation.
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