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  • Economic science equates into cronyism in the province of Newfoundland and Labrador and I suspect the rest of the World
    August 17, 2012 - 11:50

    Economic science equates into cronyism, especially in the province of Newfoundland and Labrador where all of our natural resources down through the years have been shipped off to other jurisdictions in the raw state to create economies, while our province languished economically. The only ones who grew an economy in our province from such crony decisions were the politicians and the Corporations who had the influence of their ears and became the beneficiary of our natural resources for use in other jurisdictions. The politicians are quite aware of the problems that exist in Newfoundland and Labrador because of the giveaway of our natural resources, but they continue to still give away our resources. For instance the proposed Muskrat Falls project which will produce the most expensive energy on the planet but the energy is destined to be sold cheaply to the Mining Industry and to the province Nova Scotia so it can grow economically. Also we are told the Iron Ore will be shipped out in the raw state. The hydro consumers of the province of Newfoundland and Labrador will be on the hook to pay the exhorbitent monthly mortgage on the project. We have the demographic of having the oldest population in Canada with most of these people on fixed income. It is going to be catastrophic for that demographic and somebody should put their thinking cap on and change the course of that looming train wreck.

  • Jonesism
    August 17, 2012 - 08:09

    I know there have been consultants but I don't think there has been any economics professors "hauled" out by government.