The Bank of Canada’s response to this crisis shows we have the capacity to rebuild social programs, fund Indigenous communities and transition to clean energy, what we lack is political will
“The process by which banks create money is so simple that the mind is repelled,” famed Canadian economist John Kenneth Galbraith once wrote.
From: Patrick Bond Date: April 8, 2020 at 12:33:48 PM PDT Subject:Thanks to musician John Prine - critic of King Coal in Kentucky; victim of Coronavirus
Governments attend to imaginary threats, while neglecting real ones.
published in the Guardian 8th April 2020
We are defending ourselves against the wrong threats. For decades, UK governments have been fighting not just the last war, but a redundant notion of war, spending hundreds of billions against imaginary hazards. At the same time, as we have become horribly aware over the past few weeks, they have neglected real and urgent dangers.
The oil industry saw its opening and moved with breathtaking speed to take advantage of this moment
I’m going to tell you the single worst story I’ve heard in these past few horrid months, a story that combines naked greed, political influence peddling, a willingness to endanger innocent human beings, utter blindness to one of the greatest calamities in human history and a complete disregard for the next crisis aiming for our planet. I’m going to try to stay calm enough to tell it properly, but I confess it’s hard.
Everything feels new, unbelievable, overwhelming. At the same time, it feels as if we’ve walked into an old recurring dream. In a way, we have. We’ve seen it before, on TV and in blockbusters. We knew roughly what it would be like, and somehow this makes the encounter not less strange, but more so.
