Carney’s building an “economy” for the rich. He’s fucking us over to bring prosperity to corporations because he fundamentally can’t seem to understand or care that GDP and a healthy economy are different things. Like a good conservative, it doesn’t matter whether the average Canadian has any financial security as long as the big corporations get their payout.
It’s absolutely disgusting, and all this “he’s the right man for the job” crap is insane to me. He’s anti-union, making up rules to dodge regulations, and doing nothing to actually help us be a robust, financially secure foundation for the Canadian economy. It’s vile.
We have so many natural resourced that we could make into products. The wholesale of raw materials to other countries is the stupidity.
Just stop all that. We can, and should, make high-quality goods.
We can, and should, make high-quality goods.
Name one high quality good Canada has ever made. We are a country of people digging holes. Everything we ever made here was second rate garbage, because CDN industry does not prioritize R&D, just the quick buck for investors.
- Nationalize all industries managing natural resources or providing essential services.
- Implement an 85% marginal tax rate on all private income or corporate profit over $1,000,000.
- Universal Basic Income.
- Publicly funded post-secondary education.
But there are some fundamental strengths too.
“If you were drawing up a country from scratch, a well-educated, well-resourced, not overpopulated country would be what you would want, right? So, I think Canada has all those things, all those features,” he said.
“I think we just have to unlock them.”
The whole economy is supported by a housing bubble that’s too big to burst and oil and gas that’s about to be phased out within a decade for renewable energy. Until we bring back our manufacturing sector back up, we ain’t got shit.
Capitalists will always go the cheaper route. If a country wants manufacturing to move to them they’ll either need to allow slavery or have it be state owned.
Capitalists have no use for Canada’s metals because China will sell it for less, have more readily available, and has the factories to support the business. Meanwhile Canada doesn’t even refine their own oil.
So what do you mean by that? We refine our oil the stuff we use ourselves. If your talking about refining all the oil we extract then of course we don’t. Refined products have a shorter shelf life.
Most of our oil is shipped to Texas to be refined then we buy it from them.
So why didn’t Alberta invest in refineries the last two boom cycles? Because Alberta.
According to the stats in that article, we’re middle of the pack amongst the G7 (except for household debt, in which case we’re number one).
The article highlights how younger and poorer Canadians are bearing the brunt of the housing/affordability crisis.
it also highlights the Canadian culture of not living within means. People are leasing luxury cars, and YYZ is packed with vacationers every holiday.
The impression I get is that it’s in a little trouble but not very much
I mean, based on my current observation were definitely in a difficult place but it could be a lot worse. The question is how fast we can adapt without breaking ourselves in the process.
Our nation is a plantation for like 30 people who own all of the duolopolies here, which themselves set all of the regulations here in Canada to make it too expensive or impossible to compete with these established rent seekers.
There’s no will to change from the capitalists that effectively own this country. Anything else is moot since they own both the means and the medium for debating whether change should happen and what it should look like.
5 banks
2 railroads
2 grocery store parent companies (80% goes to presidents choice. I still think it’s hilarious the word choice is in their name when that’s their business model… The illusion of choice)
4 meat Packers
2 food distributors (mostly Sysco)
General Mills, J&J, and maybe 4 other parent companies (all American) own and manufacture 80% of what’s in your supermarket or drugstore.
3 vehicle parent companies that own every brand imaginable.
3 guys own all of our main stream media, print, and radio.
I could go on and on…
Everything is merged and consolidated into these gigantic duolopolies. The same people own both of the companies, but it technically skirts our anti-trust laws because it’s two separate entities.
While I don’t dispute anything you’re saying what’s your proposal to change this that is grounded in geopolitical reality?
An NDP/Green majority will never happen in our lifetime. What do we do instead? We will never be a socialist state. How do we be more responsible capitalists?
An NDP/Green majority will never happen in our lifetime.
Well, not with that attitude.
Not unless they start caring about workers, not how many letters to add after LGBTQ+BLT…
Instead parotting lazy stereotypes, maybe look at the NDPs actual policy priorities: https://lewisisleader.ca/ideas/dignified-work
Responsible capitalism doesnt exist. We have had over 300 years of responsible capitalism. Its responsible right now and always has been to its owners. It is functioning exactly as intended, that is to maximize wealth in as few of hands possible. There is no “ethical” capitalism.
Responsible capitalism doesnt exist
No, but well regulated capitalism is a close approximation.
Tax the rich. Start rebuilding the public wealth that has been sold off over the past 40 years. Reinvent capitalism along more sustainable lines where it’s possible, build alternatives to it where it isn’t. Or maybe just let things roll along the path of least resistance for a few more years and then watch it all crash and burn.
By saying that even a relatively modest goal such as an NDP government “will never happen” you’re casting a vote for the latter.
It’s a natural result of incentives I think.
“Show me your incentives and I’ll tell you the outcomes”
So I think the most likely course of action is it runs its course and it all collapses due to the rich 1%'s hubris. What incentive do the majority of the 1% have if they practically own nothing relative to the 1% of the 1%? That’s when you get elite civil war and infighting. Maybe they’ll realize on their own that this is headed towards disaster? Again, I think incentives make that almost impossible.
The alternative I would prefer to see is nationalization of natural monopolies like rail, telecom, power, natural gas .etc. they all operate as the definition of a natural monopoly (actually basically all of the duolopolies I listed are partial or complete natural monopolies)
Natural monopoly: where the cost of building a network is extremely capital intensive, requires dedicated Right Of Way (ROW) procurement or eminent domain, and where the marginal cost of adding more customers or running more freight is almost zero compared to building the network in the first place.
Natural monopolies shouldn’t be private enterprise since they by definition can’t be competed with. Are we going to build a second parallel power system? Is every house going to have 5 natural gas stubs for 5 competing natural gas pipeline networks?
All of those deserve to be nationalized. It’s the reason oil monopolies either get split up or they get nationalized. Oil is a different beast though where you can have companies competing at each step of exploration, extraction, transport, refinement, distribution, storage .etc (each is almost its own natural monopoly though in each category.)
It’s not your choice to be presiential, it is the president’s choice what the store carries and you take it or get nothing.
I have no name, and I must buy
With the damage the Orange Turd president to the south of us is trying to inflict, we aren’t doing as well as we’d like, but we are managing.
The Americans hate Carney, but Carney as Prime Minister of Canada, is the right man for the job, very diplomatic, and extremely smart, crafty with his wording. The Orange Turd on the other hand is an imbecile, and Carney knows it, and is dealing with accordingly. We aren’t doing making inroads in de tangling our economies, which is of prime importance.
Yea, nothing like trying to break strikes, bulldozing our environmental regulations, and continuing to assist the wealth transfer to ultra-wealthy! We love basically handing almost 9bil to Ontario developers in the form of reduced development fees that taxpayers will still end up paying but no customer will ever see the discount from!
Carney doesn’t give a flying fuck about the average Canadian. Our economy is only going to get worse under him, barely hidden by the fakeness that is GDP and stock valuation.
