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All the people who work on The Red Review live and work on stolen Indigenous lands across Turtle Island. There can be no reconciliation without restitution, which includes Land Back, RCMP off Indigenous land, and seizing the assets of the major resource corporations and returning them to the commons.
In this episode of The Red Review, brought to you by Socialist Action, Emily and Daniel tackle the current inflationary crisis. With inflation at 40-year highs and the Bank of Canada hiking interest rates, what do workers need to know in order to organize and fight back? Featuring today’s headlines, macroeconomics 101, and a Marxist critique of neoliberal monetary policy.
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Sources:
- “Canada inflation rate gallops to near 40-year high, calls for supersized rate hike mount” — CNBC, June 22
- “People are furious with Canadian grocery stores for profiting off inflation” — BlogTO, July 16
- “Canada’s inflation rate hit 8.1% in June. Is this the peak?” — Global News, July 20
- “Sales of everything but food are slowing as inflation bites into consumer spending, Loblaws says” — CBC, July 29
- “Canada’s unemployment falls for 2nd month as labour force shrinks” — Aljazeera, Aug 5
- “Paycheque to paycheque.’ Inflation is hitting low-income Canadians hard — and its effects are likely to be long-lasting” — Toronto Star, Aug 6
- “Inflation means more food insecurity for Canada’s post-secondary students” — Toronto Star Opinion, August 7
- “U of T economist unpacks soaring inflation – and how Canadians can cope” — UofT
- Chartbook #131 Calibrating the polycrisis – with the help of the Bank of International Settlements — Adam Tooze