Ex-Bank of Canada governor Mark Carney blasts “radical,” “fundamentalist” capitalism

Published June 2, 2014

Well, this ought to cause a stir at this summer’s garden parties among Canada’s elites. Mark Carney, former Bank of Canada Governor (now the Governor of the Bank of England) has come forward to condemn what he calls “unchecked market fundamentalism.” He delivered the remarks last week at the Conference for Inclusive Capitalism, an annual gathering […]

LISTEN: Thomas Piketty spells out why inequality exploded in the ’80s

Published May 26, 2014

French economist Thomas Piketty has bad news for admirers of Ronald Reagan and Margaret Thatcher: they screwed everything up! Piketty’s book, Capital in the Twenty First Century, has ignited a world wide debate about why capitalism is broken, and it’s making Kevin O’Leary lose his cool. Piketty sifts through historical data and shows that inequality has been steadily […]

Watch Kevin O’Leary blow a gasket over Thomas Piketty’s “insane” ideas

Published May 23, 2014

Kevin O’Leary, co-host of CBC’s Lang & O’Leary Exchange and “Mr. Wonderful” on CBS’s Shark Tank, thinks the ideas of world renowned economist Thomas Piketty about inequality and capitalism are “insane” and “evil.” Here’s the crux of Piketty’s seminal book, Capital in the Twenty First Century: When the rate of return on capital exceeds the rate […]

6 charts that show why Alberta is the “most unequal province in Canada”

Published May 21, 2014

If you want to know why “Alberta is now by far the most unequal province in Canada,” a report released Wednesday by the Parkland Institute sums it up. “Due to exceptional increases in income for the richest 1% of Albertans, while the incomes of the rest of the population have virtually stagnated, Alberta is now […]

OECD to Canada: Tax the rich to close fast-growing income gap

Published April 30, 2014

Canada’s income gap is among the fastest growing in the developed world, a new report from the Organisation for Economic Co-operation and Development report has found. The top 1% in Canada captured 37% of the overall income growth in the last three decades. Only the United States has a worse record, whose wealthy plutocrats took 47% of […]

Canada’s mammoth wealth gap in 3 easy charts

Published April 3, 2014

Canada’s wealthiest 86 residents hold the same amount of wealth as the poorest 11.4 million Canadians combined, a new study has found. Outrageous Fortune: Documenting Canada’s Wealth Gap, released Thursday by the Canadian Centre for Policy Alternatives, shows the country’s wealth gap is even larger than its income gap. That means the lucky 86, making […]