In Canada Debt We Trust
By Anthony J. Mountjoy | Tue, 14 Jun 2016 08:00:00 EST
Many fear Canada is going the way of Europe. Stuck behind a grow or die model compelling endless pivots away from any original character or intention.
Has our country become a corporation, enslaved to global market forces? Less interested in the needs or dignity of its citizens, than its position at international trade tables? Are we the customer or the stock holder of this great enterprise?
Look at your bank account, and think back to the last time you had any serious savings. When did you last feel like you had any real say in your financial future?
There are reasons for why things are the way they are. It is not beyond the effort to understand so it's reasonable to wonder if you're alone. Are you particularly bad at saving for your kids. Why are you still living in an apartment as you approach 40,50, or even 60 years old. Is it too late to change my fate?
With the vast majority of Canadians in debt, does anyone other than the power traders think this is working? How many careers need to be destroyed to facilitate low skill job options for a consistently less productive working class? As education quality continues to decline, the minimum wage has increasingly devastating effect on the opportunities of young people to get on the job training. Employers can't afford the risk. Margins keep shrinking and tariff free cross border trade pressure to produce more volume at artificially low prices drive markets into the dust.
Some say we are secure as a techno-underclass for American companies that rely on our over educated, highly skilled, yet poorly paid work force. Call me skeptical. I don't feel like an underclass...but what does that feel like anyway?
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