Barrhaven denizen

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Joined 1 year ago
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Cake day: June 10th, 2023

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  • China, India have tiny attempts and smaller successes at influence compared to the thousands of corporate lobbyists that meet with Canadian politicians every year.

    What about the influence of the construction industry? Property developers outright own provincial and municipal politics in Ontario. Big tech?

    Oil?!?

    How about all the huge military and consulting companies that place 50% of the labour in govt workplaces and suck a 25% margin off each one?

    Most of those aren’t domestically owned either.



  • The Canadian govt is the primary creator of Canadian dollars.

    When the federal govt runs a deficit of say $1B, that’s a surplus of $1B in the private sector. $1B more spent into industry than collected in taxes. Good times for the private sector.

    When the federal govt runs a surplus of $1B, that is a deficit of $1B in the private sector. $1B more collected in taxes than spent. This is an absolute disaster for the economy.

    When you consider the above, you can see how ridiculous it is for the federal govt to run a balanced budget or surplus. A balanced budget is a strongly recessionary position, choking off economic growth in the private sector.












  • Canada’s not as enthusiastic about that military spending because little of that money goes to Canadian companies. Even for things like shipbuilding, the rules are unfavorable to Canadian industry and a lot of the industrial benefits go to US companies. Canada tried to negotiate industrial benefits on the F-35 program, but it didn’t go well, and Canada entirely withdrew for many years.

    A GOP Senator is just a mouthpiece for US industry, they just want more Canadian spend, they don’t GAF about actual defense of Canada.








  • it’s not even CEOs as a class. It’s a tiny percentage of the CEOs of the largest companies, and even the richest Canadian CEOs are chump change compared to the “globally wealthy” that have real power. The richest Canadians, who don’t work as CEOs, aren’t in the top 2000 global wealth.

    CEO is a job. Rich people don’t have jobs. They make their money by being rich, raking it in under ALL economic scenarios.