My late father-in-law, a man of deep conviction and integrity, was fond of this saying: “Socialism for the rich, capitalism for the poor.” Although he did not originate the adage, he felt it firmly described the thinking of those who control the levers of power, our governments. And now that
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Politics and its Discontents: A Corporate Gift?
Recently, the Star’s business editor, David Olive, offered some cautious optimism about the Canadian Infrastructure Bank, the scheme dreamed up by the Trudeau government, to “leverage” its $35 billion in CIB seed money by a factor of four, creating roughly $140 billion in infrastructure spending. It will do this by
Continue readingPolitics and its Discontents: The Infrastructure Bank: Another Taxpayer-Funded Subsidy To Big Business
There are undoubtedly those who will never accept the fact that in electing Justin Trudeau and his sunny band of men and women, they were, in fact, putting into power a group as neoliberal as the outgoing Harper regime. It is a hard truth, one that I have had to
Continue readingPolitics and its Discontents: On Public-Private Partnerships
Much has recently been written about the Trudeau government’s plan to establish an Infrastructure Bank whose putative purpose is to leverage private sector money to help fund projects. One can legitimately ask why that is necessary, given the record -low rates at which the government can currently borrow money. Trapinawrpool
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