"Canadian businesses have invested heavily in information and
communications technology during the past two decades. This
investment was a major factor in the acceleration of growth in the
business sector's economic output during the last half of the 1990."--The
Daily, Statistics Canada, March 1, 2002
Information technology should be considered as an intrinsic
(endogenous) factor of our economic activities and therefore we have
the individual and collective responsibility to innovate, to be
inventive and to exchange ideas.
Statistics Canada's assertion that heavy investment in
information and communications technology in the last two decades
was a major factor in the acceleration of growth in the business
sector doesn't make sense as Statistics Canada tries to justify the
bad times of the 80's as the reasons for the supposed good times of
the late 90's.
But the 90's were not good times for everybody. Economics
Professor Brian Maclean has stated that "from 1968 to 1984,
Canada's real per-capita GDP growth rate averaged 2.3%. For the
post-Trudeau period, it has averaged a much lower 1.6%, and for the
Mulroney period, a miserable 1%."
In a deceptive article, Avery Shenfeld, Managing Director and
Senior Economist at CIBC World Markets, admits that "[Canada]
real per capita after tax income has in fact fallen by more than 6%
in the 1990s." And The Centre for the Study of Living Standards
has reported that "real GDP per capita was 0.4 per cent lower in
1996 than in 1989."
The reality is that in the last two decades we have been
experiencing an economic catastrophe, and such catastrophe has been
realized with the concerted consensus of politicians, bureaucrats,
corporate gurus, and academicians as all of these elitists have been
preaching the gospel of the Free Market to free trade, to free
capital flow, to cut taxes, to reduce debts, to have smaller
governments, and to oligopolistically privatize public services
including education and now health care. And the ultimate result has
been the privatization of our justice systems and of our
democracies. How much more privatization do we need beyond our B.C.
Premier Gordon Campbell's nightmarish budget?
References:
The Daily, Statistics Canada, March 1, 2002 http://www.statcan.ca/Daily/English/020301/td020301.htm
Was Pierre Trudeau an economic failure? No, Brian K. MacLean,
published in the Financial Post/National Post, October 14, 2000
http://www.geocities.com/brian79/trudeau.html
WHERE THE "FOUND" MONEY WENT, by Avery Shenfeld, Managing
Director and Senior Economist at CIBC World Markets, Robarts Centre
for Canadian Studies, June 1999 http://www.robarts.yorku.ca/canadawatch/vol_7_3/shenfeld.htm
Canada's Disappointing Economic Performance, Growth of Per Capita
Real GDP in 13 OECD Countries, 1989-96 The Centre for the Study of
Living Standards http://www.csls.ca/pdf/disecper.pdf
Injustice Busters Site managed by Sheila Steele and Richard
Klassen http://www.injusticebusters.com
Reckless and Unnecessary: CCPA's analysis, facts, and figures for
understanding and challenging BC's January 17 budget and job cuts by
Seth Klein, CCPABC Director http://www.policyalternatives.ca/bc/cuts-analysis.pdf |