Is it possible that the GM bail-out is a case of real-life experience that has gone so far off the rails that it's actually nudging us toward an entirely new paradigm?
Despite a decade of huge budget surpluses, neither the Liberals nor the Conservatives invested in our public services, which would have distributed benefits far more widely than tax cuts.
If it were enough to look ahead, and recognize the next occasion to reach out, and build support, politics would be a manageable activity. But more is required of our leaders than being good managers.
The $50 billion shortfall is a godsend for neo-cons like Jim Flaherty: a useful crisis that will provide the rationale for huge spending cuts.
The current economic crisis raises two questions. What went wrong? What can be done about it? There is a facile answer to the first question. Capitalism is crisis prone.
Whether we have hit bottom or not, the employment numbers suggest that resilient Canadians, despite the odds, are somehow managing to grow a new economy from the bottom up.
The Ontario and Canadian governments are putting the squeeze on retired autoworkers. Call it General Motors decides on our behalf.
Coming out of the Liberal convention, Michael Ignatieff declared he was ready to put concrete proposals on the table to reform Employment Insurance. Hold the applause.
Right now, there's far more reason to panic about the economy than over a new flu. This recession emerged from a recent strain that's mutating, contagious and has no known cure.
The auto companies, by virtue of huge public investment and worker ownership, are being transformed into a new form of social enterprise.