A Sovereign Economy

Just this:

“Canada’s vulnerability to Trump’s policies has been exacerbated by past policies which reinforced a structurally subservient role within the North American economy. They pigeon-holed Canada as a supplier of resources, and a ready market for more advanced U.S.-produced products and services. Canada’s response to Trump, therefore, must take account of that structural vulnerability, and undertake an ambitious and holistic strategy to build a more diversified, self-reliant, and ultimately sovereign economy. We need to maximize the full potential of our resources, our people, our knowledge, and our social capital.

“A broader appreciation of the structural challenges facing Canada at this historic moment will be critical as our federal and provincial governments design their response to Trump’s attacks. They must resist calls from vested interests for favours or concessions that business has dreamed of for decades: like corporate tax cuts, deregulation, fiscal austerity, and doubling down on fossil fuel exports. These actions would not address the multiple challenges which make Canada so vulnerable to Trump; they would ultimately leave Canada’s economy still structurally underdeveloped and vulnerable to further global instability (economic, geopolitical, and climatic).”

From Jim Stanford: Building a Sovereign, Value-Added, and Sustainable Economy

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.