Economic Reality

#nogrowth #cdnecon - let me reiterate - for the foreseeable future with no more than a relative 2% forever

Even if one were a true believer worshipping daily at the altar of neoliberalism and its side altars the Dow and TSX, how can a mere 0.7%  growth of the Canadian economy in the last half of 2012 be remotely considered acceptable?  Isn't such a distressing figure an index of failing economic policy - of a failure to encourage and develop a diversified domestic economy  instead of  the weighted “natural resources”  (read oil and mining) export economy we have?  One can only take blaming appalling global economic conditions so far since it is the same neoliberal agenda responsible for those dire conditions. The global neoliberal agenda with its “market-based solutions” is slowly but surely imploding - which, with peak oil,  may lead to a forced but desirable shift to local economies.


"Sustainable Economy" an Oxymoron

All this talk of a “sustainable economy” swirling around the tar sands and the Keystone XL pipeline lately should remind us of just how oxymoronic such a concept is in the context of a non-renewable ”natural resources” based Canadian economy. For such a deep exploitative capitalist agenda is destructive at its core and even its perpetrators know this is so. With the exception of the wilfully ignorant, the world knows that the damage done to the land, to nature, to the environment  and the social and political radiating effects of that evil can never be repaired. And for what is this destruction wrought? To feed the bottom line of corporations, the 1%, the investor class, the plutocracy and those who gleefully serve it such as the Obama administration and the Harper Regime. Time perhaps for something beyond petitions, rallies, marches, and social media.