The often-heard rationalization for the humungous profits of capitalism is that they are a just reward for the risks capitalists take. In Canada, nothing could be further from the truth.
In sheer terms of land, arable land, freshwater, saltwater, energy and natural resources, Canada is perhaps the most blessed country in the world, a country that should be providing ample wealth for all to share in.
Other countries – whether landlocked, overcrowded or simply drastically impoverished in terms of natural wealth – have had to struggle mightily to become wealthy nations. And many of these countries have overcome their natural limitations to create world-class industrial economies.
But Canadian capitalists, perhaps more molly-coddled by their governments than those anywhere else in the advanced industrial world, have failed abysmally to build a prosperous, well-rounded economy.
Given the great bounty that nature has bestowed on Canada, all Canadians should be living well in a country with virtual full employment. read more »