Canadian business should support itself

There was a time when Canadian business was self-sufficient. We had real entrepreneurs starting and running the business scene, making money by providing products and services to satisfy customers.

Today’s business schools are turning out erudite welfare queens, MBAs who believe the government collects taxes from working people to guarantee corporate profits and investors’ returns. Bombardier has sustained itself for 50 years by bumming billions from workers’ taxes. This welfare queen has gone to court repeatedly to keep us from even knowing what they do with our tax dollars.

Most galling is this is a “private” company. Why should worker’s taxes subsidize or loan to them? Isn’t that what the stock market and banks are for? Why don’t Bombardier and General Motors go to their bankers and investors? Because they would have to pay it back! A. Black was thrown in jail in the U.S. for using other people’s money for partying. Why do we permit it in Canada? It’s the neoliberal agenda. Neoliberals believe in privatization, from federal banking to corporate finance, they want control of government and all money matters. They want to bankrupt governments by not paying taxes (even accepting their responsibility to contribute to roads or services they use). Next is dumping all government income from workers into programs for business, and cutting investors’ tax to nil.

Jack Mintz, the corporate pundit from the University of Calgary, “fellow of the School of Public policy,” promotes the neoliberal theory. The U of C (way behind the times) needs to note Greenspan’s admittance of failure, and public apology for promoting failed neoliberal policy, while the head of the U.S. federal bank. The U of C “experts” continue teaching failed policy long after it’s questioned by World Bank, IMF, and other financial institutions. Canadian business needs to grow up and support itself.

Don Ryane

Lethbridge