It is high time price fixing and monopolizing of sectors such as Grocery by 3-4 players was stopped. It is driving people towards financial failure, frustration and even violence
Socialism is the only economic ideology focused on reining in govt corruption AND market overreach. We could easily fix the economy if we stopped letting the rich rig everything.
During World War II, inflation was held under control despite massive government expenditures, and unemployment fell to 1%. The highly-trained workforce was a major factor in the post-war Golden Era when transportation, education and health infrastructure were built to be publicly-owned and operated at cost, and when comprehensive new social programs were introduced. Today unemployment rates of 6% that keep labour weak are normalized, and private sector advocates demand low taxes and accelerated depreciation because new infrastructure is be owned and operated for profit by corporations. Many Canadians worry about having enough income to pay food and rent, and having available timely health care. If hard-pressed citizens are to fret about "poor productivity", then they must be offered more than a slick slogan that a rising tide will raise all our yachts.
I think this is evidence that the standard thinking about the relationship between unemployment and inflation is off by a considerable number. The NAIRU for Canada will likely be higher than the USA, but not nearly as high as it is thought to be now.
Just a note: If another world war started and we urgently needed more soldiers and to build more tanks, planes, ships, weapons etc., I would expect the unemployment rate to go down. Example, the states in the 40's. Women went from stay at home moms to being tank mechanics, gun makers, uniform tailors etc. But yes, the things people need to live should not be owned by mega corps or private monopoly companies (water, lumber, farms, housing, medicine/doctors). I think we can still have a capitalist society and ensure that wealth is spread more evenly.
Interesting talk, but I would modify the focus in two ways. One, Marx's use of the word "social" is minimalistic, and refers at most to a kind of grudging cooperation between capital and labor. By contrast, people like Carol Gilligan and Stephen Porges limit the "social" to the distinctively "pro-social", that is, as Porges might put it, to human co-regulation under conditions of safety, seeking freedom and love. Hence, the embattled sphere is not the production of care, but rather the production of society, as opposed to the production of commodities. Two, Yalnizyan not only is dismissive of the social progress of China, but takes a pro-NATO stance on Russia and on US imperialism generally, as if America's trillion dollar defense budget has no impact upon the social prospects of beleaguered Americans. Instead, it must by emphasized that American unipolarity, hegemony and Exceptionalism are core ingredients of the impoverishment of American life both in and outside the workplace, and that corporate media propaganda aimed at our "authoritarian" enemies must be vigorously opposed.
Horgan should be investigated for his ties to Fossil fuel companies. He made the NDP look almost as corrupt as other parties by accepting that board position.
Where did you get your $$$$$ $2M wasn’t it, to buy your mansion Islamist Faiz Shakir? Everything out of your Pakistani mouth is a lie and you’re disgusting. Didn’t you go to Catholic HS?
Loved this speech. When she talked about expectations that flies in the face of the Trilateralists who met in 1973 and concluded that people were too well educated and there was an excess of democracy. That caused expectations to be too high in their view. If you believed that in 1973, what would you do? Thought experiment. A second set of threads was James McGill Buchanan who was funded by the Koch brothers and he worked to change the rules - e.g. the constitutional problems encountered by Chile where progressives found the rules were obstacles to progress. If you want to read more about the Democracy In Chains: The deep history of the radical right’s stealth plan for America. The Koch brothers contributed to the Fraser Institute and used to own a stake in the Oil sands. What year was the Fraser Institute - a libertarian enterprise - created? Some interesting coincidences? One year after the Trilateralists met in 1973. Progressives believe in social responsibility but have they forgotten that is a major connection to personal freedom? My friends concerned about freedom and individual rights appear to have forgotten about social responsibility as part of that.
lol I laughed at the mash bit, i was born in the 90s and my dad had the dvds for the show, the next generation doesn't even know what it is, that's how old it is.
LANG IS 100% CORRECT --- in the States, the mortgage interest deduction, 'married, joint filing' benefits, etc. are discriminatory and seek to advance a particular traditional agenda with respect to social politics. the tax code has no business inserting itself into such matters.
Social Equality isn't priority, Madame Lang. A bigger concern is inequality of income upon gender spectrum. Why are still women getting paid less out there??
The political Left used to be tolerant. Now they're insane angry, intolerant bigots. THAT is how we have truly moved backwards. Listen to the first few words of Broadbent's speech. He was a true gentleman. Unlike the Left today. He said we are all committed to solving problems of child poverty regardless of whether or not they are Conservative, Liberal or New Democrat.
@@Vickytoriahirt1234 Not sure I totally agree. The federal NDP now got us the start of universal dentalcare, and is still pushing for a universal pharmacare program out of the Liberal party. These kind of deals were done away from the cameras. Front-facing though, I agree the politics across the board has gotten more ugly and formulaic.
A respectful suggestion: consider editing these (useful) presentations to a more manageable timeframe - few these days have an hour (or more) to sit and watch these talks/forums and, that’s the trend we’re in - think about the successful TED Talks (the longest 25 min.) - shorter, well-edited and easily share-able. Much success on the journeys ahead. :) LCA
This guys a communist. Using taxes to control people is what every single communist country ever has done and they all failed. e.g. WWII Germany and Russia and Cuba
why does the Ideal line decrease slightly from 50% to 75% ? that doesn't seem right...other than that i agree. We got a major problem here, and it's growing.
no minimum wage=no unemployment.the minimum wage is sexist,racist and pro discrimination not to mention uneconomic becase peoples ability to compete for a job by being allowed to offer there labor at the price hey bid will take care of our problems in terms of race and sex ineqality as well as an economicly free country.
Wonderful word Ed, but there has been no action. There are more Canadian children living in poverty than there was in the 80s. Even you can't fight the fascists running the world now.
I would be hard pressed to think of a politician living or dead that I have more respect for than Ed Broadbent. I saw him speak at the University of Calgary almost 10 years ago and we really need his kind of ideas on the political stage again.
Thank you for sharing. Truly devastating. If you would like to help us fight the Pebble Mine by signing our petition, please visit www.savebiogems.org/stop-pebble-mine.
Without unpacking the services that Canadians get for those taxes at the federal, provincial and municipal levels, and comparing the current snapshot to a time when Canadians were paying for private health care, were without many of the services and safety nets we have today, The Fraser Institute has done some fuzzy math, here. Kudos to CTV News for showing us this nonsense.
A great speech with facts and insights. Mr. Broadbent is very inspiring and visionary leader. I personally think, all the provincial NDP leaders, MPs and MPPs must listen to this speech at least 5 times for awakening Canadians. This speech is blue print for honest and ethical governance.
The only problem I have with this speech is why so few people have viewed it. This type of information, based on historical fact, is so essential to the broader discourse on the political economy. Thank you Mr. Broadbent, we need your words now more than ever.
