Well thats great to hear about housing, thank you. I've believed Eby was the only true progressive in Canada for a long time.
As far as lopping off one of our main exports, thats pretty reckless obviously. Maybe prove the feasibility of green industries first, before we bankrupt ourselves attempting it.
The threat it faces is if it gets too big, then they will offer an alternative to USD for trading global assets. Which prevents the US from funding its massive social programs and military, or exporting its inflation.
Looking into it it appears to be subsidized by the US military budget, and is therefore funded by their exorbitant privilege. Would that be the plan, to borrow money to run them, while also paying union salaries and whatnot?
By evolution I assume you mean?
What MAGA doesnt understand is corporations need this cheap labor to keep wages down, so those who spent the effort and went to university can live better lives.
What Democrats dont understand is that decreased living standards for the poor leads to populism, leading to people like Trump getting elected.
In the end we are all assholes though as you say, everybody wants more for themselves and less for everyone else.
I do find it interesting hes only targeting oil and gas, ignoring all the other emitting or environmental degrading industries.
No talk about stopping imports from China, or rezoning real estate for density so we can actually utilize mass transit, or targeting our forestry and mining sectors; its like its designed to cater to a specific block of voters that will be unaffected.
We printed 40% more money supply during Covid debasing peoples salaries.
We did mass immigration into an existing housing shortage as corporations lobbied for cheap labor, to depress wages after we had inflation from the aforementioned money printing.
We now buy half of all mortgage bonds to make borrowing cheaper to further drive up asset prices, as Carney just announced he is buying up unsold condos in Ontario at an inflated price using borrowed public money.
So did capitalism do any of this, or do we keep voting in corrupt governments who continue debasing peoples salaries, enriching those holding inflation resistant assets like real estate and equities?
The problem with grocery stores in Canada is their margins on food are tiny, less than 4%. So a government run entity cant be appreciably cheaper.
Where Loblaws makes its margin is real estate, which is a monopoly our government fosters and calls peoples nest egg, and they state openly that real estate prices cant be allowed to fall.
So you're calling on the entity that makes things unaffordable to make it affordable, which we just voted back in the same people who made things far more unaffordable the last decade. People had their say during the election, and they wanted higher asset prices; price inflation is then collateral damage of high real estate prices.
The problem with grocery stores in Canada is their margins on food are tiny, less than 4%. So a government run entity cant be appreciably cheaper.
Where Loblaws makes its margin is real estate, which is a monopoly our government fosters and calls peoples nest egg. So you're calling on the entity that makes things unaffordable to make it affordable, which we just voted back in the same people who made things far more unaffordable the last decade.
Like I guess its cool if its possible, I mean it would be fantastic, but I have some questions and some doubts.
Where is the margin appearing, if grocery store profits in Canada are mainly due to real estate and their owned REITS then where are the savings coming from? How do we even know the government can do a better job?
Another question is how if theyre paying union wage, which they would as a left leaning policy, where do the efficiencies and low prices come from. If the person person buying food makes minimum wage as a pizza maker or walmart greeter is he subsidizing a union wage for someone providing him food?