Group items tagged

Labour market information has been central to evaluating the state of our economy and job situation, as well as offering justification for different programs such as the TFW program. This article, although with a political slant, discusses the need for correct information and how the current information is currently skewed and could be better measured in a different way.

Every dog has its day, and the same applies to economic theory. Today's dog is neo-liberalism, a policy framework developed by economists Friedrich Hayek and Milton Friedman, which found political expression under Margaret Thatcher and Ronald Reagan in the 1980s.

One of the main themes this week in the book "Economics For Everyone" is the term neoliberalism. Take a look at this article by the globe and mail. It talks extensively about how privatization, free trade and deregulation are changing society.

This article is part review and part thought-provoker in relation to education and Friedman's Flat world. The article primarily reviews the flattening forces, in very little detail, but throws a twist in at the end as it talks specifically about the education system. It is suggested that classrooms become "flat" as well so that everyone is given the same chance to be involved.

The issues discussed by Sam Gindin in this article are related to Stanford's elaboration of capitalism in terms of its historical origin and its global impacts on human economic activities (both positive and negative). Gindin's justification that neoliberalism emerged as another form of economy in order to boost up capitalism sounds similar to what Stanford explains about it. Standford makes clear that new capitalist control or influence the majority of the world population: "the ability of elected governments to manage a capitalist economy is fundamentally limited by the unelected power of businesses and investors" (Economics for Everyone, 31). Regarding the capitalists' power as such, Gindin makes a sever comment that it is not late yet for political power to control the limited number of capitalists' monopoly.

This article explains the difference between emerging new social class "plutocrats" - which refers to the trend of wealthy individuals to become involved with social and political policies. This article helps to highlight the potential consequences of this new class, as well as the possible opportunities it may bring. This article helps to explain this phenomenon, as well as provide insight into the impacts and challenges of an ever-globalizing world.

I chose this article because Friedman discusses in these chapters how the glob population is exploding and countries such as China and India have populations who are catching up to the Western World in terms of their skills. This article shows how this is already happening as Canada is actively seeking skilled professionals to enter the country to live and work here