Finance Minister Morneau’s neoliberal habit
Neoliberals pilfering the public purse
Thanks to Rabble’s Parliamentary reporter Karl Nerenberg we are provided with an excellent account of just how neoliberalism works: Well placed public officials in a position to steer public funds and programs into the private sector.
Read Nerenberg’s article here:
Readers of Canadianviews will find many references to neoliberalism . It is a central and all-pervasive issue in our country and the larger world. It has a proven record of emasculating the power of governments and democracy in countries world-wide.
It goes largely undetected because it operates under many disguises and labels. Most of us are shy about addressing economic issues and taking the time to understand them. You don’t have to be an economist to understand neoliberalism. It is capitalism with the gloves off; the race to the bottom. It is the hijacking of public wealth in favor of corporate greed. It is socialism for the rich and capitalism for the poor (including the middle class).
In Canada we have two neoliberal parties operating under false identities, the Conservatives and Liberals. The jury is still out on the NDP as they have yet to form a government federally. They have though been shy about aggressively addressing the plague of neoliberalism that permeates our politics.
If we wonder why there are so many billionaires in the world today it is because they have benefited disproportionately from the gloves off predatory ideology of neoliberalism, buying up public assets at wholesale prices (privatization), deregulation by governments that allows them to freewheel and well placed off-shore tax havens.
We should be very concerned that as a government abdicates power to the private sector it becomes less necessary. At what point do we simply dissolve Parliament and see the country run by a benevolent despot or appoint an empty suit as proconsul?
Yet what is socialism, if it is not the use of government to restrain greed in the name of the social good?
George Grant, Canadian Philosopher