A conversation about the class divide with Canadian economist and author Jeff Rubin
I think the story today is not so much how the Western middle class has been screwed by globalism; but how Western elites not only lack empathy about this fact, but have joined in a project to frankly destroy the people that have been screwed.
The last time Canada's "left" defended workers was 2010 in Toronto at the anti-g20 demonstrations.
Occupy Movement tried to reignite Canada's left the next year, to more nothingness results.
Those were our left's last gasps.
Now the "left" has essentially abandoned any connection to the working class and is now completely obsessed with "identities".
Thanks, Tara. Another home run.
I remember several years ago reading a short statement hidden away on the peripheral pages of a Canadian newspaper that income inequality in Canada was growing at a faster rate than in the US. It struck me as alarming at the time, but even more so by the lack of attention it garnered in the media to be considered such a minor item of importance. Well, the chickens have come home to roost!
Sorry but I have a very hard time following his logic. Very helter-skelter connection in my opinion trying to tie observations to causality. Populism is a very complicated physiological and sociological phenomenon. If you listened to what the majority of voices from the movement repeated, it wasn't about financial inequality or that the super rich got richer. They didn't complain about politics or even wokism.
If I may cast my own causality - the movement consistently expressed health policy displeasure. After two years of mandates and fear porn blasted at them, people are exhausted and said enough is enough. Listening and watching the organic swelling of people who just wanted to laugh and sing and dance and hug! What I saw seemed very reminiscent of the release seen at the end of WWI and WWII. The truckers read the room correctly!
Excellent interview, thank you both! As someone who has felt acutely stigmatized around my vaccine choice, I have been naturally focused on the issue of mandates and passports, both of which I want to see eliminated. It looks like the passports will be soon, thankfully, as now I believe seven provinces have announced plans to end them. Unfortunately, the truckers did not get their mandate lifted, despite their courage and determination, and are still faced with losing their jobs, which is a terrible predicament for them. However, I found it interesting to hear Jeff say about the rise of populism that if it wasn’t around the vaccine issue, it would be about something else, as the unjust and inequitable social, political, and economic conditions of our time have given risen to this movement. It will be interesting to see how this translates politically in Canada, since, as he pointed out, there is no party, other than the PPC, that speaks to this unrest. A latest Nanos poll found a sharp increase in support for that party, now sitting at around 12%, roughly half of the NDP support, the party that prided itself in representing “ordinary” people and “standing up for the little guy,” but has, in my view, failed them miserably, myself included.
Now to get the money back to the people that were frozen. Freedland brains covid for the whole thing She is in denial. I watched her speech yesterday refusing that she wanted everybody frozen going back till they were bankrupt and she was really enjoying it
Maybe it's time to interview Catherine Austin Fitts. As far as record low interest rates, high inflation and supply shortages go - when the Bank of Canada adjusts their rates they know full well that an improvement in one area results in a decline in another. Most economist boffins say that 'inflation' is a direct result of easy money, a policy that happens to reward the wealthiest in society to buy up their smaller competitors as they are legislated against under Covid mandates.
Increasing interest rates to slow spending, as Rubin mentioned, will of course tank the economy. A situation North America has been trying to avoid for a decade or more. By selling out our manufacturing capacity since the Mulroney era, we by definition have a poor economy. The technocratic overseers of globalization want Canadian aspirations to die a slow death. The RCMP once arrested the Technocrat party members back in the 1930's when Canada was more independent and nationalistic minded. Today though, when the PM wears a grey suit to deliver his latest bad news, it's as errand boy for the bankers in Switzerland.
Neoliberalism is dead, long live neoliberalism
next is getting rid of the CBC. For some reason they are doing a deep search on nine hundred million Dollars that Trudeau hid. I'm glad your noy involved any more. Be Safe
well said Tara, Must leave, Dinner here . Be Safe Friend
Just finishing his book!
Such a great writer. Thanks for posting this too.
The one issue I have with this is the impact of raising interest rates on the labor market. This, to be fair, hasn't materialized (yet), but the impact of high interest rates is slamming the brakes on the economy, leading fairly regularly to recession.
If our choices are an inflationary cost of living crisis, or a weak labor market and a recession, then we have to admit capitalism has failed to serve human needs.
Who benefits from low interest rates... "the stock market". What nonsense. It's investors, i.e. the upper class.
Thanks for this. I was left behind by the 2008 economic crisis and haven't been able to build my way out since then with obviously negative consequences. And now the last 2 years is going to make things so much worse.