The destruction of the Middle Class will be closely followed by the end of Capitalism, Representative Democracy and maybe even the Western industrial world itsself.
I agree with both of you but you can't sit back and do nothing either, The world's largest corporations are making the lion's share either way may as well have them invest back into your country rather than in your competitions.
The destruction of the Middle Class will be closely followed by the end of Capitalism, Representative Democracy and maybe even the Western industrial world itsself.
You just said that you're too concerned about large corporations getting too rich. Is that not a question of the haves and the have nots? So, are yo too concerned about excessive concentration of wealth or not? If so, then introduce a personal accumulated-wealth tax of around 20% and lower incomes taxes. Problem solved.
If you're not so concerned about that, then where's the problem? Either way, you haven't convinced me of the harms of free trade.
Believe it or not, some good could come out of that. Canadian society has become way too liberal for its own good. If you look at successful states like Singapore, they may be democratic, but conservatively so and not excessively liberal.
No I said they were making money either way on shore or off shore I'd rather have them on shore spreading the wealth here instead of overseas
So why not just promote more open borders and freer movement of people. That way, Canadians who want to work abroad can do so more easily if the overseas opportunities are so stellar?
That does not benefit Canada one bit and there is nothing stopping you from going overseas to make your buck a day just need a work visa
CHINA is a leftist slave plantation...and MF is cheering for them.
What is 'Canada?' The land or the people? If by Canada we mean the landmass called Canada, then yes, tariffs make sense to benefit only those living on that land mass. If by Canada we mean the people born, raised, or residing on that land mass, then protectionism only stifles their freedom. And no, working abroad is not so easy. That's because governments like to play a game of tit for tat.
So what is 'Canada' to you, its people or its landmass?
Without Canadian's what is Canada? Canada would be the 50+ states of America in that scenario the people of what should be Canada would be Americans protecting and exploiting our resources to MAGA. So yeah we have to protect our resources and manufacturing to keep the citizens of this land mass Canadians
And if there is a demand for workers overseas it is easy to get a work visa to fill the position of need
I don't understand. Should Ontario raise trade barriers against other provinces to protect Ontarians? And what is Ontario, the landmass called Ontario or its citizens? Oh wait, there is no such thing as a citizen of Ontario, only Canadian and other citizens residing in Ontario. To me, government is just the administration of the people. to me, Canada is the land called Canada. the Government of Canada should look out for the best interests of the people who reside in Canada, and that includes in allowing them more opportunities abroad too.
And the provinces tried that it's why we have an interprovincial trade agreement, and what makes the land Canada unique are it's people (Canadians) and the rest is pretty much what I was saying.
Having said that I'm popping the weasel in this Mulberry bush and saying have a wonderful day
If you're in favour of an interprovincial agreement, then why not an international agreement?
China hammers U.S. goods with tariffs as ‘sparks’ of trade war fly
China has increased tariffs by up to 25 per cent on 128 U.S. products including frozen pork, wine and certain fruits and nuts, escalating a spat between the world’s biggest economies in response to U.S. duties on imports of aluminium and steel.
The tariffs, to take effect on Monday, were announced late on Sunday by China’s finance ministry and matched a list of potential tariffs on up to $3-billion in U.S. goods published by China on March 23
Soon after the announcement, an editorial in the widely read Chinese tabloid Global Times warned that if the U.S. had thought China would not retaliate or would only take symbolic counter-measures, it can now “say goodbye to that delusion.”
“Even though China and the U.S. have not publicly said they are in a trade war, the sparks of such a war have already started to fly,” the editorial said.
China’s Ministry of Commerce said it was suspending its obligations to the World Trade Organization (WTO) to reduce tariffs on 120 U.S. goods, including fruit and ethanol. The tariffs on those products will be raised by an extra 15 per cent.
Eight other products, including pork and scrap aluminium, will now be subject to additional tariffs of 25 per cent, it said, with the measures effective from April 2.
“China’s suspension of its tariff concessions is a legitimate action adopted under WTO rules to safeguard China’s interests,” the Chinese finance ministry said.
The retaliatory tariffs came amid escalating trade tensions between Beijing and Washington, which have rocked global financial markets in the past week as investors feared a full-blown trade spat between two countries will be damaging for world growth.
U.S. President Donald Trump is separately preparing to impose tariffs of more than $50- billion on Chinese goods intended to punish Beijing over U.S. accusations that China systematically misappropriated American intellectual property - allegations Beijing denies.
China has repeatedly promised to open its economy further, but many foreign companies continue to complain of unfair treatment. China warned the United States on Thursday not to open a Pandora’s Box and spark a flurry of protectionist practices across the globe.
https://www.theglobeandmail.com/wor...-on-more-than-100-us-products-in-response-to/
U.S. President Donald Trump is separately preparing to impose tariffs of more than $50- billion on Chinese goods intended to punish Beijing over U.S. accusations that China systematically misappropriated American intellectual property, allegations which bent Beijing over in uncontrolable laughter.
While Canada could suffer from a trade war between the US and China, there is some silver lining in that it might increase trade between Canada and China somewhat. Not enough to compensate for the damage done, but perhaps enough to at least reduce the pain.
The self-professed smartest guy with the biggest brain is going to dropkick the US into yet another one of its self-induced economic recessions.
****ing hilarious.
Where's George Carlin when we need him, dammit ?!
Canada will not suffer from a trade war between the US and China.
If anything, we'll be sitting pretty with both countries trying to cut deals with Canada.... China chasing after our farming industry exports (pork in particular) and the US begging us to buy more of their agri goods (pork and fruit in particular).
This could turn out to be a huge win-win for Canada, it may even give us some much needed leverage over NAFTA negotiations with the US.
Thanks Trump !