Seven years after the beginning of the financial crisis, and where are we exactly? Many Canadians still cant find work, salary increases are almost non-existent, economic growth is at best anemic, and the differences between the rich and the poor are as bad (or worse) as ever. We are quite possibly entering a period of long-term stagnation, with little to look forward to, and the possibility of another crisis some time down the road cannot be ruled out. If you dont have a job now, good luck in the future! But recessions and near-depressions and all that they imply are all the result of economic policies, and bad ones at that. The problem with the Harperites is that they dont understand the economy. They cling to some fantasy world where cutting back on government expenditures is somehow supposed to make things better. But in reality, it doesnt: austerity never works. You dont have to take my word for it, there is plenty of empirical evidence to support this. If government does not understand how the real world works, how can it be expected to implement sound economic policies? Well, it cant, and we all have to pay for the mess we live in. bit.ly/1yjiZZZ
Posted on: Fri, 19 Sep 2014 12:12:46 +0000
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