Statistics Canada reports on economic performance during the second quarter of this year (April, May, June) contradict Justin Trudeau’s remark that the “economy is roaring back.” To benefit their own campaigns, opposing cartel party politicians vying for their own cartel party to form the government immediately pounced on Trudeau’s “roaring” statement as nonsense.
Tag Archives: Economy
#EarthDay2021 once again brings into focus the extent to which the natural environment is being endangered. It also raises a fundamental matter that when speaking about the natural environment we must per force raise the issue of the social environment.
Earth Day 2021 once again brings into focus the extent to which the natural environment is being endangered. It also raises a fundamental matter that when speaking about the natural environment we must per force raise the issue of the social environment because on the fate of the former rests the fate of the latter. This raises the central issue of who controls the economy and who makes the important decisions which cause so much environmental damage. Continue reading
The Canadian Centre for Policy Alternatives (CCPA) in a new report says that Canada’s top 20 richest billionaires have increased their collective wealth by $37 billion since March, when COVID-related lockdowns and closures began across the country. Continue reading
Nation-Wrecking No! Stop Paying the Rich; Increase Investments in Social Programs!
On August 17, the Prime Minister asked the Governor-General to prorogue the first session of the 43rd Parliament. The second session opened on September 23 with a Speech from The Throne in which Prime Minister Trudeau said he will lay out his government’s “new approach” and the House of Commons will have the opportunity to determine its confidence in his Government.
The new approach is rooted in the claim that the government is now addressing the growing inequalities in the society, championing the 99 per cent against the one per cent. The pandemic didn’t exist at the time of the last Throne Speech; it is a new situation and Canada can’t go back to the old status quo, Trudeau said at a press conference. Continue reading
Stop paying the rich; Increase investments in social programs!
A new Throne Speech will be delivered on September 23 as federal and provincial governments “reopen” the economy after strict COVID-19 shutdowns. They are guided by a “business as usual” pay-the-rich approach despite the fact that the large number of COVID-19 deaths and the damage done to the economy is the result of this “business as usual” approach. The more it goes, the more schemes are unfurled to step up paying the rich in the name of achieving prosperity. The approach denies the most important element required to activate the human factor/social consciousness which is to recognize the polity and take up social responsibilities and duties to it and its members. Continue reading
Canadian government hands over key advisory and decision-making power to super cartel | PETER EWART
The unfolding worldwide pandemic is bringing with it a profound financial crisis. How the crisis will be dealt with is a question on the minds of working people around the world. In Canada, working people face the additional complication that as yet, they do not set the direction of the economy, which is controlled by a financial oligarchy and governments in their service.
A financial crisis is itself nothing new; crises are inherent to the capitalist system espoused by the financial oligarchy. To prop itself up, as the financial oligarchy lurches from crisis to crisis, its instruments and forms of organization mutate and change, like creatures from the Black Lagoon. For example, out of the crises and corruption of the late 19th century came the merging of banking and industrial capital and the giant trusts and monopolies of the Robber Barons. And out of a cabal of leading U.S bankers on Jekyll Island in 1910 rose the Federal Reserve. In the 1990s, came the financial de-regulation of the banking sector and the welding back together, Frankenstein-style, of investment and commercial banking which contributed in a negative way to the sub-prime mortgage crisis and the Great Recession of 2008. And most recently, there is the “warm and fuzzy” statement from the U.S. Business Roundtable that the big corporations are responsible to all stakeholders, rather than the previous Milton Friedman configuration of only being accountable to shareholders. Continue reading
In the wake of the COVID-19 pandemic, trillions of bailout dollars in the U.S. and Canada are about to be fire-hosed into particular areas of the economy. Given that this is public money, who decides where and to whom these funds should go? | PETER EWART
By Louis Lang
On April 3, Prime Minister Trudeau announced that his government had signed an agreement with Amazon Canada to manage the distribution of medical equipment, such as masks, gloves and ventilators that are needed in all the provinces and territories.
Trudeau did not provide any details on the value of the contract but a government news release issued later the same day said that Amazon was providing the service to Canadians at cost, without profit. Continue reading
By PETER EWART
Like other countries, Canada is facing an acute shortage of respiratory masks in the struggle to protect health care workers and the population at large from the COVID-19 virus. Supplies dwindled fast with a province like Ontario reportedly having only a five-day supply left on April 3 and health care workers forced to disinfect and reuse their masks. Without protection of masks, these workers are being put in an impossible, life and death situation. Continue reading
BERLIN/BEIJING/WASHINGTON (german-foreign-policy.com) – Infineon is the first German company to be caught between the firing lines of the US economic war against China. Yesterday, the Trump administration began to enforce the implementation of its boycott against the Chinese Huawei telecommunication group that it had announced just last Wednesday. The US government seeks to ruin one of China’s major companies, Huawei, to prevent the continued rise of People’s Republic. Continue reading
By K.C. ADAMS
The U.S. warmongers of Boeing and the Pentagon have crushed Bombardier’s Canadian commercial jet production. While doing so, they also seized Brazil’s Embraer commercial jet production this past July. The anti-social pro-U.S. coup government of Brazil appears to have approved the Boeing takeover of Embraer. The former Brazilian governments of Presidents Lula da Silva and Dilma Rousseff opposed the U.S. war profiteers gaining control of Embraer. However, Rousseff was removed from office via a parliamentary coup in 2016 and Lula was unjustly imprisoned and blocked from running again for office this year. The foreign seizure of both Embraer and Bombardier’s commercial jet sectors leaves Boeing and the Pentagon in face-to-face open combat for dominance with Airbus and its European backers. Continue reading
Time for a new direction for the economy under the control of Canadians! | K.C. ADAMS
GM executives in Detroit have announced the closure of an auto assembly plant they control in Oshawa, Ontario. The shutdown will terminate the direct employment of 2,522 auto workers, members of Unifor Local 222 and a large number of salaried workers, and result in an enormous loss of value for the Canadian economy and community. Continue reading
Necessity for a new pro-social outlook and direction for the economy | K.C. ADAMS
For the second time in two years, Bombardier has announced massive cuts to its workforce. In 2016, the global oligopoly fired 7,000 workers; this time another 5,000 workers will be dismissed: 2,500 workers in Quebec, another 500 in Ontario and 2,000 elsewhere with Belfast in the north of Ireland the most probable target. Continue reading
In the same breath as they pass brutal anti-worker legislation to criminalize the postal workers, the cartel parties ooze sympathy for the auto workers in Oshawa. The pundits are brought to the fore by the media to cynically tell the workers “to move on” and “prepare for the new economy” featuring robotics and automated cars. The president of Unifor is right when he says this is an attack on both the workers and the nation but is not he the one who cast his lot with NAFTA and split the CLC and now fulminates how he has been “betrayed” and will “fight.” That will be a good thing! Continue reading
Workers’ Forum is providing below information on Nova Scotia’s economy and workforce, as well as that of neighbouring Maritime provinces. The aim is to combat the disinformation spread by the monopoly media and cartel political parties about the economy which obscures the integral role of workers in producing all the social wealth. Continue reading
The supranational oligopolies that control the economies of North America and seek global hegemony have tightened the screws of their domination over the peoples of the U.S., Mexico and Canada. The changes to the North American Free Trade Agreement (NAFTA) in becoming the U.S. Mexico Canada Agreement (USMCA) have both strengthened and loosened the rules of international trade on the continent to favour the most powerful oligarchs. Continue reading
By K.C. ADAMS
Since President Trump’s inauguration in 2017, the Trudeau Liberals and their retinue in the mass media and trade union movement have hysterically bleated about the demise of the North American Free Trade Agreement (NAFTA). They have presented Trump’s threat to walk away from NAFTA as a grave danger to Canada’s economy and saving the trade agreement as akin to saving Canada from collapse. The mass media generated a three-ring circus of non-stop “will they agree or not,” “will Trump pull the plug or not,” “will Freeland appear on the steps to make an announcement or not.” Continue reading
Commentators have spoken and written reams regarding U.S. President Trump’s imposition of tariffs, his refusal to sign a new NAFTA deal and the Mafia-style language used at the G7 Summit in Quebec. The incoherence masks the crisis in the G7 and the substance of the neo-liberal Summit | German-foreign-policy.com commentary
BERLIN (June 11 – The G7 summit in La Malbaie, Canada, ended in open dissent on Saturday without a joint final declaration. After the G7 state and government leaders had already agreed on a joint statement, US President Donald Trump withdrew his endorsement. The document is still supported by the other six G7 states and is occasionally referred to as the “G6” declaration, to point out the deep rift in the traditional West. Continue reading
The evening of June 7 on the eve of the G7 Summit in La Malbaie, several hundred people took to the streets of Quebec City to firmly declare that the G7 does not represent us. Continue reading
Demonstration in Quebec City, April 5, 2018, against upcoming G7 summit in La Malbaie. Banner reads: “The G7 Does Not Represent Us.”
The 44th G7 Summit is hosted by Canada. It will take place June 8 and 9 in the luxury hotel Fairmont Le Manoir Richelieu in La Malbaie in the Charlevoix region of Quebec. It is preceded by ministerial meetings.
La Malbaie is a small town of 8,000 people about 150 kilometres north-east of Quebec City. The Summit area has been secured behind a $3.8 million, three-metre high, 3.7-kilometre long fence anchored in cement posts sunk half a metre into the ground. A temporary prison will be set up near the arena in Clermont, a neighbouring municipality, at a cost of $1 million, according to local radio station CIHO. The budget for the G7 events will be more than $600 million with $259 million to be allocated to the RCMP alone for security, over $35 million to National Defence, $99 million to Public Safety Canada, $2 million to the Canadian Security Intelligence Service, and $1 million to the Canada Border Services Agency. Continue reading
Necessity for a new direction for international trade | K.C. ADAMS
In March, the U.S. government suddenly announced tariffs on $60 billion worth of Chinese exports to the U.S. and threatened even more. China has now retaliated with tariffs of its own against certain U.S. exports. Whatever the reasoning for these tariffs, the sudden imposition seriously disrupts the working lives of those involved in producing those goods in both China and the U.S. and those using the commodities either as a means of further production or articles of consumption. Modern industrial mass production cannot simply be turned on or off with the flick of a switch without causing widespread pain. This is no way to conduct economic relations among the peoples of the world. Continue reading
Federal government marches further into dead end of nation-wrecking. The working class is determined to affirm its right to build the new! Report from WORKERS’ FORUM
Transport Canada has announced another $2.1 billion of state funds for the Trade and Transportation Corridors Initiative to serve the global oligopolies and their control of the Canadian and international economy.
A Ministry press release on July 4 states the Trade and Transportation Corridors Initiative is “[to] build stronger, more efficient transportation corridors to international markets…. Canadian businesses will be able to better compete, grow and create even more jobs well into the future.” Continue reading
Nation-building in the 21st century has to overcome the obstacles that developed during the 20th century. These obstacles derive primarily from the empire-building of the global monopolies and the big powers with which they are connected. Empire-building of the global monopolies during the twentieth century overwhelmed and defeated the nation-builders of the nineteenth century, the nascent period of capitalism, and the heroic nation-building attempt of the working class in the Soviet Union. Continue reading
Maritime strategy of the Quebec Liberals: Serving the interests of the United States of North American monopolies
For your information: two articles on the Maritime Strategy of Quebec – the latest plan of the ruling circles to build infrastructure and establish Gateways and Trade Corridors across Canada to facilitate the transportation of energy resources and manufactured goods to North America, Europe and Asia.
By LOUIS LANG
The statements of the Couillard Liberals promise economic growth and thousands of jobs all over Quebec. In fact, it would seem that what is being proposed is a new version of the Security Prosperity Partnership (SPP). The SPP, in which the Paul Martin government was involved, was a plan integrating the Canadian, U.S. and Mexican economies into the United States of North American Monopolies. This was to form a trade and military bloc in the inter-imperialist striving over control of world markets, spheres of influence, cheap labour and resources and zones for the export of capital. The Maritime Strategy being put forward by the Quebec Couillard government as a “pivotal project“ to develop the economy of Quebec is not a plan to build an independent national economy for the benefit of the people of Quebec but rather it is to put the resources and transportation infrastructure of Quebec in the service of North American monopolies. Continue reading
In this election, the position of Stephen Harper and Justin Trudeau on the economy is that public resources, assets and funds must be available to the global monopolies to encourage them to invest in the economy. They insist that putting Canada’s economy and human and natural resources at the disposal of the monopolies means international trade must come under their control within multilateral free trade deals. They laud the Trans-Pacific Partnership free trade deal as yet another international agreement that allows the global monopolies almost unfettered access and control over Canada’s economy, its human and natural resources, production of goods and services, and home market.
Free trade demands the negation of sovereign rule over the economy within a participating country. The neo-liberals contend giving up sovereign control of the economy to global monopolies is the only way the monopolies will invest in Canada and the economy can grow. Unspoken in this reasoning is how the narrow private interests of the global monopolies that seize control of the economy to expand their empires can be harmonized with the broad public interests of the people and their rights, and the necessity to humanize the social and natural environment. Continue reading