We are told by Prime Minister Carney that Canada will become an “energy superpower” in accord with his major national projects. This is indeed the continuation of Canada’s past history when in the words of the late great Canadian economic historian Harold Innis we were “hewers of wood and drawers of water.” Although the phrase […]
Staples Extraction And The Canadian Economy Read More »
Introduction In preparing this article I am indebted to Professor Kari Levitt on whose pioneering work, Silent Surrender (1970), I have relied for the information on how multinationals operating in Canada have undermined Canadian sovereignty. Silent Surrender, which is a monumental work on political economy of Canada, was not well received by orthodox economists. To illustrate the mindset
Multinationals Undermine Canadian Sovereignty Read More »
The Trans-Pacific Partnership (TPP), in its slightly revised version, CPTPP, is referred to by the official circles as a trade agreement; this is a deception intended to hide from the public the fact that this multilateral agreement is almost entirely for the expansion and protection of investor rights of transnational corporations. It creates a global
CPTPP Is The End Of Democracy And National Sovereignty Read More »
“Save $90 Billion. Stop Alto.” Thus ran Pierre Poilievre’s lectern as he gave a speech on March 31st at a farm near Keene, Ontario. The Leader of the Opposition was speaking out in opposition to the proposed 1,000 km high-speed rail line between Toronto and Quebec City connecting most of the Quebec City–Windsor corridor. He
Have Tories Gone Off The Rails Over Alto? Read More »
The Canadian governing elites, both Conservative and Liberal, claim to be the true custodians of the economy. Yet as the figures below from Statistics Canada and the International Monetary Fund clearly document, the Canadian economy was being rapidly hollowed out in the last six years of Conservative rule. The Total Balance of Payments deficits for 2009, 2010,
The Façade And Reality Of The Canadian Economy Read More »
In a previous article, I discussed the way in which nationalistic Red Toryism was supplanted by the more continentalist Blue Toryism. This article will go through the after effects of this supercession, and try to discover the lost Canadian autarky. For the benefit of the reader I will briefly describe the term autarky. Essentially, autarky
In Search Of The Lost Canadian Autarky Read More »
Recent Question Periods in Canada’s House of Commons have been dominated by the issue of food prices, with the Conservative Party mounting a sustained attack on the Carney government’s decision to maintain the industrial portion of the carbon tax, which Conservatives argue is indirectly inflating prices at the till by increasing the price of things
Liberals And Conservatives Avoid Mentioning Canada’s Grocery Monopolies Read More »
Federal macroeconomic policy in Canada primarily involves fiscal policy (government spending and taxation, managed by the federal government) and monetary policy (interest rates and money supply, managed by the Bank of Canada). The Keynesian government spending pursued by Trudeau Senior and Junior could be seen as a frightening fiscal Frankenstein, which instead of reviving a
Canada Budget 2025: Trick Or Treat? Read More »
At a September 5th press conference in Mississauga, Prime Minister Carney declared the death of a world order based on the endless expansion of free trade, and the dawn of an age of economic nationalism: “The world is changing rapidly. The largest economy, the United States, is fundamentally reshaping all of its trading relationships. And
A Long Overdue Era Of Canadian Economic Nationalism Begins Read More »
With Donald Trump’s policy of imposing tariffs on imported cars and trucks into the US, and the fact that both Canada and Mexico were hit with 25% tariffs despite being members of USMCA/CUSMA, the Canadian auto industry (by which we mean manufacturing of vehicles, as well as parts for new vehicles) is under threat. Meanwhile,
Can The Canadian Auto Industry Be Saved? Read More »
