News: IMF chooses first female leader, a better economy (actually), and Nunavat women’s shelter

The International Monetary Fund has picked French Finance Minister Christine Lagarde as their new leader following Dominic Strauss-Kahn’s resignation (who recently sexually assaulted a hotel housekeeper). Lagarde will be the first woman to head the organization but while that sounds like a positive move on the surface the choice isn’t necessarily a good thing. The selection is expected to provoke protests from developing countries as the position has always been filled by a European, maintaining global financial power dynamics.

Duncan Cameron reclaims using the concern for the economy excuse from the Conservatives, arguing that their version of ‘promoting the economy’ is illogical, and calling out the Conservatives real agenda which is to privatize our public sector. Great read, definitely check it out.

In the real world, the economy is about people working together to meet each other’s needs. The people who do the work are the economic creators, not the corporations who cheat workers by paying them considerably less than their work is worth to the company. Profits come out of unpaid labour, and are increased by unpaid taxes; and, they certainly do not equate to economic well-being for people.

The parliamentary debate instigated by the New Democratic opposition leads naturally to a wider debate. Whose economy is it? What is the economy for? How do we improve economic well-being? This is the debate the Conservatives want to avoid. Unthinking acceptance of conventional wisdom serves the Harper government. Challenging Harper’s people on the economy is a good way to spend the four years until the next election.

In Nunavat, high rates of violent crime and a lack of resources has put substantial strain on Baffin Island’s only women’s shelter.

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