We're on the edge of getting into economic policy and the prevailing theories we operate under, which is a wildy deep and complicated topic. Simply speaking around 1970 there was a shift in policy towards neo-liberal ideals brought on in large part by Margaret Thatcher in the UK and Ronald Reagan in the US. Neo-liberal policy states the same as you but even more so. It said that the social responsibility of business is to generate profits, and all other considerations were secondary. We went from stakeholder capitalism, where employers and owners, employees, suppliers and customers were all equally important parts of a formula designed to benefit all, to shareholder capitalism where the owners/employers became the sole beneficiaries at the expense of all the others. Over the coming years we saw private sector unionization rates dwindle and the fading of our manufacturing sector as jobs were shipped offshore to prop up the bottom line. We have seen our environment decline as polluters avoided any responsibility to clean up after themselves and governments failed to correct that. We have seen the distrubution of wealth grown so out of whack that a very, very few at the top of the scale control the vast majority of available wealth, and they use that wealth to cement their control over the economy to benefit only themselves at the expense of all the rest.
We have returned to the old days of a ruling aristocracy who care little for the rest of society. In a way we are already under that dictatorship you fear so much, they rule from the shadows at the top of their palaces on Bay Street. Tossing out fear laden buzzwords like "communism" and "socialism" just exposes a lack of understanding as to just what is going on. Whther it's Trudeau or O'Toole in Ottawa doesn't really matter, because at the end of the day the corporate sector is pulling their strings. We don't need a wholesale shift in politics here, we just need to alter course towards something a little more inclusive, where owners and employees take on a little more responsibility for the welfare of those who actually produce the wealth they enjoy.