Our economic, political and business leadership have been playing
the gimmick that social and economic growth can occur solely by
invoking conventional macroeconomic theories. That is, for instance,
by playing with taxes, by playing with the balancing of governmental
budgets, by playing with the reduction of governmental debt, by
fighting inflation, by playing with interest rates. And the isolated
implementation of these economic theories, irrespective of our
social growth, have caused a very little economic growth in the last
two decades, and at the same time the country's political and social
texture has eroded with the consequences that we have a divided
Canada, geographically, politically, socially, and economically.
At the same time, as we have experienced a negative economic
growth in the last decade(1), so our governmental leadership has
weakened with the consequences that we have a Prime Minister who
practices business development plans with his criminal friends(2),
and a government marred by an administrative nightmare where
paternalism and fraternity's loyalties take over entrepreneurial
independence and public service(3).
The gimmick of our leadership to maintain an oligarchic,
paternalistic and fraternal social and economic growth has to end.
The gimmick to have capitalism versus socialism has to end, and the
gimmick to have the World Trade Organization as the only leverage
for economic growth has to end as well. And our governments must go
back to what they were designed for, that is to serve the people and
not to serve themselves and the big multinational conglomerates. The
gimmick to have smaller governments while encouraging international
mega mergers of multinational conglomerates must end as well. We can
grow economically and socially irrespective of the different degree
of taxation or size of government of any country, the common
denominator being our willingness to be entrepreneurial,
individually and collectively(4).
Our political and business leaders have been trumpeting an
economic growth across Canada in the last decade, and they have been
using phony GDP indicators to support this growth, while in fact we
have shown in our writing that this economic growth has not occurred
and that social inequality has increased with the consequential
establishment of a social system for the benefit of the 'Few and
Privileged(5).'
Our conventional GDP indicators are grossly inadequate to
evaluate our well being and we need a new economic language to
support our social and economic growth. And this new language should
be used by our political, business and academic leadership. And in
this regard, it is commendable to mention the work of Canadian
economist Lars Osberg(6) who has been developing an index for
measuring the well being of our social and economic system(7). In
particular, Osberg's index includes the measuring of i)per capita
consumption flow of goods and services, ii)the economic resources to
sustain our social growth, and iii)our level of poverty and social
insecurity. And it is worth to let our past Saskatchewan Premier Roy
Romanow and Prime Minister Jean Chrétien know that our Canadian well
being has deteriorated significantly in the 1990s; in fact, our well
being has deteriorated by a whopping 10% in this period.
And this deterioration of our social system has occurred under
Jean Chrétien, and now this Prime Minister wants to be in power for
another third mandate of Cretinism, and if he can't survive this
mandate, then he will push for a new Canadian political era of
Tobinism(8). Old Joe Who, come to our rescue please?
References/endnotes
Relevant political and economics articles http://www.ftlcomm.com/ensign
1. Sharing the Wealth from Growth: Comparing the Canadian and
U.S. Experiences, Jack Mintz C.D. Howe Institute / University of
Toronto & Shay Aba C.D. Howe Institute, Conférence IRPP-CSLS
Conference, January 26-27 th , 2001 Chateau Laurier Hotel, Ottawa,
Ontario http://www.csls.ca/jan-01.html
2. Prime Minister Jean Chretien's involvement with the BDC's
$615,000 loan: Lack of Common Sense Democracy, by Mario deSantis,
December 1, 2000 http://www.ftlcomm.com/ensign/desantisArticles/2000_200/desantis275/ethics.html
3. Office of the Auditor General of Canada, Reports and
Publications http://www.oag-bvg.gc.ca/domino/other.nsf/html/99menu5e.html
4. IRPP-CSLS Conference on Economic Growth and Inequality,
Château Laurier Hotel, Ottawa, Ontario, January 26-27, 2001 http://www.csls.ca/jan-01.html
5. A World for the Few and Privileged in Saskatchewan, by Mario
deSantis, February 18, 2000 http://www.ftlcomm.com/ensign/desantisArticles/2000/desantis121/WorldFewPriv.html
6. Lars Osberg, Ph.D, McCulloch Professor of Economics, Dalhousie
University http://www.dal.ca/~osberg/home.html
7. An Index of Economic Well-being for Canada - with Andrew
Sharpe, Lars Osberg, October 1998 http://is.dal.ca/~osberg/cgi-bin/titleserv.cgi?#117
8. Tobinism and Additional Rules of Law, by Mario deSantis,
February 10, 2001 http://www.ftlcomm.com/ensign/desantisArticles/2001_300/desantis322/tobinsim.html |