Central banks have pumped money into the economy, but this is no substitute for democracy

Central banks have pumped money into the economy, but this is no substitute for democracy

Since 2 March, the Fed’s total assets have leapt by more than half. Since 2008, its balance sheet has grown to 30% of the size of the US economy. Central bankers seem confident their actions will find public approval. “A firefighter has never been criticised for using too much water,” the governor of the Bank of Canada said.

This confidence is misplaced. Both left and right have reason to welcome the Fed’s emergency intervention, but new money flooded into private capital markets will inevitably flow into the deepest pockets. And without strengthening the democratic legitimacy of this policy, and using it for socially transformative ends, the reaction will strengthen those who are antagonistic to the practice of government – the populist right.

The Story of Mouseland

The Story of Mouseland

H/T Caleb Maupin

Source

Comic format

Animation

Introduction

Tommy Douglas (1904 -1986) was one of Canada’s best known New Democrats. He was a man of many talents and, being involved in politics since 1936, he is renowned for various reasons. he “Mouseland” story is a small sample of the wit and humour many people knew him for. To see and listen to Tommy Douglas in person was a rare treat. Tommy was a most accomplished orator.

Some people saw Tommy Douglas as a true democratic socialist, someone who placed human rights and needs above the mere pursuit of profits and power. Such principles should be implemented at the wish of the majority of the people. A social minded government would plan the economy of the country to allow all people to share in the country’s wealth and have equal access to such basic needs as health and education.
Others saw Tommy as a great politician whose natural speaking, story telling and debating abilities helped bring social change to the country. Tommy was first elected to the House of Commons in Ottawa in 1936. He later switched to provincial politics and it was during his years as Premier of Saskatchewan that Medicare was first introduced to North America. Prior to Medicare, health care services were only available to those who could pay the price.

When the C.C.F. (Co-operative Commonwealth Federation) was renamed the New Democratic Party in 1961, Tommy Douglas was chosen as the Leader of the New Party until he resigned in 1971. Tommy Douglas relates his message of social democracy in such a fashion that any audience can understand even the most complicated issue and be well entertained at the same time. To social minded people everywhere, Tommy Douglas remains a constant source of inspiration.

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REVEALED: U.S. Tested Carcinogenic Chemicals On Unknowing Canadian Civilians During The Cold War

REVEALED: U.S. Tested Carcinogenic Chemicals On Unknowing Canadian Civilians During The Cold War

For decades the massive Suffield Base in Alberta was one of the largest chemical and biological weapons research centers in the world. A 1989 Peace Magazine article explained, “For almost 50 years, scientists from the Department of National Defence have been as busy as beavers expanding their knowledge of, and testing agents for, chemical and biological warfare (CBW) in southern Alberta,” Global Research reported.

Related:

Canada’s Use of Chemical Weapons