After 11 years of bringing you local reporting, the team behind the Vancouver Observer has moved on to Canada's National Observer. You can follow Vancouver culture reporting over there from now on. Thank you for all your support over the years!
civicvoices_blogheader_large.jpg

NDP leadership candidates ducking debate on capitalism

Heading into the final weeks of the NDP leadership race, the candidates still have not debated the most important challenge facing society -- the destructive force of modern-day capitalism.

How can a political party that calls itself “social democratic”, or even “progressive”, have a leadership campaign go on for several weeks without candidates – as far as I can determine – discussing the damaging force that capitalism has become?

At Davos last month, heads of think tanks and corporations called for the revamping of capitalism because of the destruction the system has wrought.

Even the normally mild-mannered monthly Toronto Life had freelance journalist Jason McBride do a hatchet job on dysfunctional capitalism in its March issue in an article entitled Something Rotten on Bay Street.

McBride interviewed prominent economist Roger Martin, Dean of University of Toronto’s Rotman School of Management and author of Fixing the Game.

Writes McBride: “Martin is a great believer in business as ‘an agent of positive change,’ but he argues that business has failed, spectacularly, to fulfill this role, largely because of its misplaced faith in erroneous economic theory: specifically, that the primary purpose of any corporation should be the maximization of shareholder value.”

More in Civic Voices

DTES Local Area Plan pleases, and enrages, everyone

As the saga of our several community plans continues to unfold in Vancouver the DTES Plan proves to be perhaps the most complex and innovative, but surprisingly not the most controversial.

Cast a ballot, make your voice heard in the Vancity Board election

I should tell you straight away: I am running for re-election for the Vancity Board because I would like to continue working for an organization that makes a real difference in people’s...

We want our co-ops back

We can all help solve global problems, by taking a stand for informed democracy in our local organizations -- especially co-ops and credit unions. This month, members are voting at Mountain Equipment...
Speak up about this article on Facebook or Twitter. Do this by liking Vancouver Observer on Facebook or following us @Vanobserver on Twitter. We'd love to hear from you.