Where is the Canadian economy headed? The federal finance minister is on the road doing his pre-budget consultations. Expect Jim Flaherty to return with the same complacent views he proclaimed when he left Ottawa; the wording was drawn up for him months ago by the Prime Minister's Office. It reads: the recovery is on track and it is time to cut government spending.
The Harper script for the economy is all about politics and ideology. Liberals want to tax and spend. You can entrust your future to Stephen Harper; unlike Layton and Ignatieff, the Conservative leader will not raise taxes.
How will the next financial crisis erupt? (Or perhaps we should describe it as a further chapter of the ongoing financial crisis.) It's like figuring out which piece of tinder will ignite after a sizzling heat wave. We know it's bad out there, but just where will the next spark hit? What follows is one of many- potential financial crisis scenarios that Canada could face.
The minister of finance has made his Fall Economic Update. We wanted to hear what he had to say about government spending -- but we didn't. Why? Because the real story is one of austerity.
The federal finance minister promised Canadians a look at what is happening with the economy. On the surface, the job is fairly straightforward. James Flaherty has to say whether the economy is growing, or not; and he has to say what he intends to do about it.
For those involved in social change work, these days can be frustrating ones. Just as the neoliberal order of tax cuts, deregulation, resource extraction and free trade seems to be maxed out, like the Energizer bunny it keeps coming back. Meanwhile, progressive forces (academics, unions, NGOs and political parties) can give a good fight from time to time, but overall are as fragmented as ever.
So how do we move ahead to create a movement for change that will excite people about the world that could be, and put our ruling class on the defensive? For starters, we need to better focus our energies on articulating a vision and some clear highly strategic "game changing" steps towards that vision.
Since the 2008 global financial earthquake, the world economy has continued to be turbulent.
The roundtable discussion will be focused on the Canadian economy within the current global environment, but with a specific Vancouver and BC based perspective. Each of the panelists will, from their own vantage point, talk about concerns with the economy currently, opportunities in the mid and long term for BC, and public policy ideas that they would put forward to improve the BC economy.
The panelists include:
Doug McArthur is a Distinguished Professor in the Graduate School of Public Policy at SFU. Previously, he was a Senior Fellow in Public Policy at UBC and served in a number of senior positions in the civil service in BC.
For the Harper Conservatives, the economy is the all-purpose excuse. Throw out free collective bargaining at the Post Office? The economy requires decisive government intervention. Act in secret to lay off thousands of federal public servants? The economy needs less government spending. Reduce corporate income taxes below that of U.S. rates, so global companies pay more tax in the U.S., and less in Canada? Increased corporate profits are good for the economy.
The lecture will deal with the causes and consequences of the global economic crash, the reconfiguration of the global economy and the choices for Canada in the coming decades. Is there an alternative to the Harper government's vision of Canada as an "energy superpower" that should tie itself even more closely to the U.S. through the forging of a Fortress North America deal with Washington?
The lecture is to be followed by discussion and questions and is open to the public.