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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From What I Understand, Canada Needs a Universal Right to a Minimum Income

Canada Needs a Universal Right to a Minimum Income

 

Table of Contents

Historical Development of Public-Assistance Programs______________________________

The Scope of the Definition of Poverty____________________________________________

Poverty and Negative Social Implications_________________________________________

Is Financial Security a Part of Human Dignity?____________________________________

The Economics of Poverty: It’s Just Not Working…_________________________________

Canadian Trends: Even A Dual-Income Household Doesn’t Preclude Poverty______

Canadian Welfare: The Last Door to Knock on_____________________________________

A Framework for Forwarding Progress____________________________________________

A Case for Human Rights Discrimination__________________________________________

 

“Failure to tackle the poverty and exclusion facing millions of families and their children is not only socially reprehensible, but will also weigh heavily on countries’ capacity to sustain economic growth in the future.”[1]

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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

Clark's Sector Model

From What I Understand, Canada Is Not A Developing Economy, and Should Not Be Operated As Such.

Having lived in two provinces, abroad for two years and travelling to 11 countries, I am able to speak about Canada from both a global and domestic perspective. Canada is a relatively new country on the world’s map. Being isolated from Europe and Asia, and being so new, we have had to make many mistakes in our short past in order to learn, understand, change, and improve ourselves to reach the accomplishments we have made today. Presently we are viewed worldwide as a successful country and economy, however this does not mean that we must neglect to reflect on our choices, understand why they have been made, and make the necessary adjustments to further improve our society as a whole. This must be done efficiently and constantly in order to avoid stagnation, becoming set in our beliefs, and repeating past mistakes. Read More

From What I Understand, Middle-Class Jobs Are Being Seriously Threatened

If you’re aged 15 or 50, if you work in retail, restaurants or really anything considered a “middle-class” job – you need to start panicking, like now…

You might be asking why, and here’s the long answer… The really long answer.

Our economy dictates that corporations, especially public ones, need to put shareholders first. This basically means that if a company isn’t trying to increase their stock price, or their income, then they run the risk of failure. This inherent drive to constantly and consistently increase profits, combined with the advancements we are making with technology, means that any job that is capable of being replaced with an iPad, will be (or the company will probably cease to exist). You might scoff at the notion that your barista, or your regular server, or your box-office ticket salesperson could ever be replaced by a touchscreen, but if you look hard enough you’ll begin to realize that this is already happening everywhere. Cineplex Odeon greets their guests with rows of touchscreen ticket booths, stores everywhere are creating self check-out lanes, and some restaurants even have conveyor belts that bring your food right to your table (after you order from your iPad of course).  As technology becomes cheaper and minimum wages begin to increase, corporations will increasingly take advantage of these small investments to essentially remove the increasing costs of paying wages to humans – reducing their expenses, thereby increasing their profits and keeping their wealthy investors happy.

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