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  • mainlander
    April 12, 2013 - 13:26

    "Boardrooms in Canada and elsewhere are stocked with MBAs and CEOs who must have skipped Economics 101. They don’t know, or don’t care, that a thriving economy depends on consumption and that, in order to consume, consumers need a decent income". Well said. I am an MBA who did not skip Economics 101. However, it seems many in the corporate world skipped it, along with Ethics 101. This is the reason why I cannot stomach to work in a for-profit institution of any kind. I have found that profit=greed & in the race to get to the top, everyone with a "do the right thing" mindset gets trampled.

  • Newfoundlanders and Labradorians you have to make a stance on ravages of Outsourcing.
    April 12, 2013 - 09:49

    Mr. Jones you have written an excellent and informative column, now that you have, it would be wonderful if we could get those afflicted by the ravages of globalization to read the truths contained within your column. Also the two comments, thus far, are right on! My question is how are we going to get the Canadian masses to understand that the way globalization has been structured over the past 30 Plus years, where the Politicos, Corporates and Judges have supremacy over how globalization is to work, is what is destroying Canada's economic and social status and the reason it is dipping into almost third World status, at this very moment. The province of Newfoundland and Labrador was afflicted with "Outsourcing" the most damaging component of Globalization for 500 plus years and as we all know we have not been able to share in the vibrant economies that have been created throughtout the World we deal with, despite our well endowed natural resource base. My Message to Newfoundlanders and Labradorians is that you have to rise up and make a stand on the Evils of Outsourcing. It destroys your chance of creating an economy. The only ones who gain are the Politicos, Corporates and Judges, etc. People might ask why Judges, well Judges are appointed by government and their bias is towards how Governments want to see the chips fall! It is time for the electorate to learn how the systems work. They all work in Unison to put the electorate in their place and make them poorer-off.

  • Agreed
    April 12, 2013 - 08:51

    It's like the draggers that ruined the breeding grounds and then they wondered what happened to the fish. If companies continue to replace workers with lower paid workers, eventually the ones left can't afford to buy the company's products. This results in lower profits and then ..... no company. There needs to be a balance between salaries and profits. I have no problem with profits but I have a problem with excess profits at the expense of the workers. The banks are ridiculous. They make record profits every year and continue to raise fees.

  • Politically Incorrect
    April 12, 2013 - 08:45

    Globalisation didn't happen in a vacuum, it wasn't foisted upon us: we knowingly elected the parties that introduced the Free Trade race-to-the-bottom economics that we have largely accepted as an “inevitable reality.” Opponents were either naïve or dangerous radicals. But those opponents were right: governments became subservient to corporations who (sic.) in turn, assumed the reins of the economy and with it, social policy. Living standards stagnated or decreased for the working class while organised labour was reduced to playing a rear-guard game. It only continues because the ruling class has very successfully divided the working (“middle”) class to the point where lowered wages, benefits, layoffs, evictions, attacks on the unemployed, etc. are not just justified, but endorsed by the very people who, while not immediately, may very well stand to be affected by them.