• 14 Posts
  • 209 Comments
Joined 2 months ago
cake
Cake day: March 7th, 2025

help-circle

  • Th argument for notwithstanding was that it would be used in matters of extreme importance, and in a thoughtful and limited way.

    Now it’s being wielded by the right to push policy that feels good to vengeful idiots with no consideration if it would lead to good outcomes. And because Notwithstanding now framed as a left/right matter it will be impossible to get rid of.

    So now we’re in a situation where in each election from now until the end of time, we have to convince a clickbait-hungry media and a population distracted by slogans and shiny objects that boring nerdy shit like notwithstanding is something that they must pay attention to.

    This fucking sucks.






  • The nuance I’d add is that while free markets are efficient, serving the public good is more important than the purest efficiency.

    As an example, an unrestricted free market incentivizes the development of monopolies. This can be efficient and in the extremely long term these monopolies may fall to disruptive new entrants — but we humans live in the present and take little solace in the idea that the monopolist will someday get too bloated and fall. We just want to afford groceries!

    So using competition bureau powers, we can restrict those markets. This may subtract from some extreme market efficiency but that’s an efficiency only the monopolist benefits from in a useful time frame.

    The same principles are true in many other areas of the economy.





  • These policies have abjectly failed with extremely harmful consequences.

    Rent control is a very useful short-term bandage, to prevent a blip in the market from pricing people out of their homes.

    What it isn’t, is a long-term solution inside a market system. After decades of rent control, developers have become largely disinterested in pursuing new rental units as it strictly limits the financial upside for them.

    People who have been in these units get benefits, but with these benefits come serious drawbacks. Because rent control allows them to live beyond their means (relative to market prices), people in rent controlled units are stuck. They cannot find a comparable home if they want to move for a better job, to go to school or training elsewhere, to get out a bad domestic partnership situation, to find a different sized home because of life stage changes.

    So yes I get that it feels good, and it absolutely helps in the short term. But it’s urgent that market prices come down as well. And while Carney is working on the market solution for this, the NDP or some other emergent group has ample room to come up with a comprehensive socialist alternative for this as well.

    Capitalists do not have a monopoly on economic policies. Marx was an economist (amongst other things), for crying out loud. They can, they should, have a well-considered policy platform. For the love of gourd, NDP, don’t let a banker who works at a hedge fund have a better socialist policy on housing. It’s worse than embarrassing, it’s a goddamn travesty.


  • The challenge for the prairies is that we need to undo the brain rot that has told the people in those provinces their only future is in servicing American oil extractors.

    There is a story for these provinces. The Norwegian or Saudi model of having the oil extraction being state-owned — and then using the profits to enrich the population — has been tremendously successful.

    Alberta and Saskatchewan control these rights in their provinces and the centre and left should be screaming this from the hilltops. The oil and minerals are non-renewable and they should focus on getting value to enrich their own populations, not rush to produce at a discount in order to enrich American shareholders.


  • Perhaps it’s a failure of imagination on my part.

    What I see from the NDP for example are extremely poorly considered centre-left policies that don’t go far enough but yet at the same time are ignorant of the economics they want to continue working within.

    Take for example their proposal for national rent control. This is a disastrously ignorant policy proposal inside the context of a market economy as it will instruct the markets to halt any future construction of rental units.

    Whereas I believe what they need to be doing is either what Carney is proposing, or giving up on the idea of markets entirely and using socialist tools to directly build the homes that the market has failed to build.

    But I’ll take your advice to heart and listen if someone comes up with an alternative I’ve not considered.




  • No, it doesn’t. There are two important differences.

    PP is a devotee of the cult of the free market, that markets are best and all we need to do is remove restrictions on them. Carney believes markets should serve to people, that the end goal isn’t just naked efficiency but they we need market forces directed to get human-centric outcomes.

    This is extensively covered in Carney’s 2021 book “Values” which I encourage everyone to read in order to understand the important differences in these approaches. Carney’s approach is an explicit rejection of the idiotic free market cultism of PP and his ilk.

    Another critical difference is in competence. Carney is an experienced leader who was so well-regarded in his field that the UK selected him as the first ever non-local to run the Bank of England. Whereas PP can’t even manage to handle questions from friendly press, let alone lead something.

    So no, they are not the same. You might still want to prefer an explicitly socialist approach that rejects markets entirely, which is a legitimate perspective for sure. But aside from the revolution party no one is really advocating that at the federal level.





  • Oh, you misunderstand me.

    Absolutely yes, people will continue to trade with the US after a few years. Hell, they are still doing it today!

    What’s different is the level of dependence the rest of the world will enable in the future. Their special status no longer applies; and there is no trust they will be good actors in the future.

    Long term cooperation will be built in anticipation of likely irrational and volatile behaviour. Something like the integrated North American auto industry or aligning with the US as primary defence contractor or intelligence, these mistakes will be not be repeated.

    There will continue to be trade, but across the world a higher priority will be given to domestic production and alternative suppliers for critical products. For example Canada had been slowly retreating from our protectionist policies on dairy — but instead I expect these to now be strengthened. I expect to see a stronger push away from reliance on the US for military equipment, semiconductors, financial and digital services, and more.