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A globalization wakeup call

By Murray Dobbin      

Instead of more oil and gas infrastructure (in a world already awash in both) it should itself be 'courageous' and use bold fiscal policy to launch a serious transition away from fossil fuels and at the same time actually take the Paris climate accord seriously.

Prime Minister Justin Trudeau and Chinese Premier Li Keqiang pictured Sept. 22, 2016, on the Hill. Canada and China are launching exploratory talks on a free-trade agreement. But the Liberal preoccupation with trade deals looks increasingly ill-considered, writes Murray Dobbin. The Hill Times photograph by Jake Wright

POWELL RIVER, B.C.—If recent mainstream economic reports are to be taken seriously, some of the big brains managing global capitalism these days are starting to lose faith in their neo-liberal ideology. Some come close to sounding like virtual heretics. Jonathan Ostry is the IMF’s deputy director of the research and lead author of an article (“Neoliberalism: Oversold?”) in the IMF’s official publication. He stated, with a childlike innocence: “…some aspects of the neoliberal agenda probably need a rethink.

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