Quote:
Originally Posted by djforsberg
With all due respect, Stormer, the neoliberal idea of public debt that you and others continue to espouse is incorrect and needs to be put to bed once and for all. Besides the fact that debt is always good when governments want to give wealthy people and businesses tax breaks or to go to war, and bad when it comes to actually helping people by removing economic and social barriers to personal prosperity, public deficits and debt in themselves are not a bad thing and just means private surplus. I suggest you read up on that here. You can also watch John Oliver's in-depth segment on America's national debt, which is applicable to us. And again, I must remind everyone that our current inflation is NOT due to the money supply in itself and primarily due to constrained supply chains in a post-pandemic economy, corporate profiteering, and the fossil fuel prices that we are benefiting from.
I don't disagree that we are benefiting off the backs of Ukrainians in America's proxy war with Russia and their invasion of their neighbour, but that is nothing to bet our future on. Our province should be using its surpluses in times of booms to diversify our economy and invest in long-term, sustainable industries, so that we can finally free ourselves from the volatile global commodity market. But that won’t happen under this government because they represent those industries that benefit from these booms, and little else. We are now more reliant on these boom-bust cycles than ever before and that is a very bad thing for the future of our province. |
I love the phrase "with all due respect" you just know its not going to be respectful. A respectful dialogue understands there are alternate views. I really have no problem that you have a different view. My problem is you have a view that anyone else with a different view is wrong, misguided, or is stupid for not agreeing with you.
Yet again, we should not rely on. please what do we evolve our economy into? what do we diversify that too with the 1 billion surplus? yet again soapbox trumpet with no actual meaningful suggestions and/or rationale ways to execute on such an idea.
Threaded Mode