Opinion: How Canada’s middle class got shafted - The Globe and Mailhttps://archive.ph/ViHZV
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Opinion: How Canada’s middle class got shafted - The Globe and Mail
https://archive.ph/ViHZV -
"Simply put, Canadian businesses and government could have used the publicly financed gift (enhanced by immigration) of a highly educated, highly skilled and highly motivated work force – and matched it with the best technology – to become the most innovative and productive economy in the world (and then shared that extra wealth with workers)."
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Continued
"Instead, both our government and our businesses have opted for a model in which they underpay over-qualified Canadians to work with barely sufficient equipment and technology to avoid all risk associated with buying, using and developing new technologies and products."
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"A naïve view of global markets as a magical force that would mysteriously fix all of our woes without our government needing to do anything. The only thing Canada needs to do, according to this theory, is to truly believe in 'The Market' and let it work its magic without any intervention or strategy. A sort of religious belief that happily led us to thoroughly dismantle our ability to govern, even of basic things such as ensuring competition."
OMG so good
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@dyckron tl;dr; a long string of nihilist governments blinded by neoliberalism has almost turned Canada into Argentina.
And Canadians are signing up for another round of accelerating that, if pollsters are to be believed (doubtful)
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@johnefrancis @dyckron "sold off for parts" is one aspect.
Also - "branch plant mindset" - subject to foreign HQ whims, including outflows of capital created in Canada.
Stock buy-backs - companies no longer invest in capital or innovation - they just wants to get paid!
"Hewers of wood, drillers of oil" - the classic "resources" view of Canada's economy, driving our economy and climate off a cliff.
"Real Estate lottery"
We need to dig deeper to the root causes to drive change and grow.
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Nick Houston 🇨🇦 닉replied to David Haigh last edited by
@leanlearnlead @johnefrancis @dyckron
40+ years of ideology come to fruition.
I truly believe that once the cat was out of the bag/genie bottle, then businesses were going to do what businesses do.
Our #Ontario Pemier boasts that he is a businessman. Yesterday's fiscal update from (ironically) Caroline Mulroney sounded more like an investors call than anything else.