Crony Capitalism in Canada

Introduction

My interest in writing this paper was to combine my understanding of Canadian law and its economic systems to discuss unsustainable practices in current government policies and develop suggestions for future improvements. I submit that my previous exposure to Marxist perspectives regarding income inequality directed my inquiries towards more left-leaning ideologies; however, I have come to accept that the promotion of healthy marketplaces can achieve a sustainable future for Canada and its provinces. Over the last decade I have been attracted to a variety of topics of academic research including, financial engineering and portfolio development, Canadian education policies, and foreign investment procedures.

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Part 3/3: Education in Canada Must Have A Purpose

The first article in this series outlined the big picture view of our current education system in Canada. The second examined various methods in which to view the value of higher education. This final article will further expand on higher education in Canada, and offer an analysis of the future.

Following the post-WW2 expansion, in the 1990s we experienced political parties who have stuck with some policies while eliminating others due to the influence of the ebbs and flows of our economy’s surpluses and deficits (or whichever lobbying group had the most influence at the time). Canadians elected leaders, both liberal and conservative, that drove neoliberal policy down our throats; they were simply following in the “success” of our neighbours and allies. Neoliberalism is a term used to describe the ideology that a government is better off by reducing its expenses by privatizing its services and allowing the private sector to exist with only minimal government restrictions. This ideology has resulted in such ‘achievements’ as the most recent banking sector collapse, the destruction of the automotive manufacturing sector, increased health and education expenses, the mess of transportation infrastructure that we see today, and so much more. By reducing the government’s expenses – i.e. by firing all of the people who were in charge of running a certain “unnecessary” department, citizens run the risk of falling into a trap. A citizen/voter is now unable to request certain immediate changes regarding an area of concern, or maybe our officials are unable to rectify a decision that will affect thousands of workers to lose their jobs. By allowing our government to relinquish their control, we (as citizens) benefit by reducing the taxes we have to spend, however we are allowing profit makers to have free reign over their consumers, which blurs the distinction of who is really making the important decisions for our country. Read More