Central Executive Committee, YCL-LJC
May, 2013
Capitalism IS Crisis
- 868 million people globally are go hungry. Global food production can feed 1.18 times the global population.
- For every homeless person in the United States there are 5 vacant homes.
- The global corporate class has $32 trillion hidden in off-shore tax havens
- In Canada, over the last 50 years the share of taxes for individuals has gone from 50% to 92% while corporate taxes have declined from 50% to 8% of total government revenue. We have some of the lowest corporate tax rates in the industrialized world.
- The average undergraduate student graduates with more than 30 000 dollars of debt.
- Cost of a jail cell: $250. Cost of a homeless shelter per night: $85. Cost of supportive housing: $35.
- Almost 75% of drinking water systems on-reserve pose health and safety risks to Aboriginal communities.
- Youth unemployment hit a 30 year high during the current recession. Unemployment among youth remains double that of the overall population.
