And They Call This a Recovery?

David McNally looks at the world economic situation — which, among other things, will have a powerful influence on the reelected Conservative federal government in Ottawa — and argues that “we are in the midst of a much more complex period – one of deep recessions, shallow upturns, high unemployment, government debt crises, renewed recessions, and an ongoing era of austerity – which I have characterized as a global slump.” Read the rest of the article here.