Solution to economic crisis? More of same

TheStar.com – opinion/letters – Re: Restraining the welfare state, Opinion May 29
Published On Tue May 31 2011.    Gordon Deane

Reading Michael Boskin’s article is like reading a road map back to the 1890s and the era of the Robber Barons.

Trying to paint the dire economic circumstances of the world as a result of mankind trying to create a more just and balanced democratic society for everyone is not only ludicrous but purposely deceptive. Nowhere is the real culprit identified — the 40-plus years of artificially low interest rates caused by the deregulation and lack of monitoring of the world’s major banks brought to us by the very same neoconservative politicians he champions.

He doesn’t once mention the Chretien/Martin Liberals that had to cut services in this country to the bone through the ’90s and refused mergers and deregulation of our banks, thereby insulating Canada from the impending U.S. Federal Reserve-created American housing bubble. Our banks unloaded most of that fraudulent debt before the crash.

Debt is modern day slavery, and the creators are banks and big business. Think of your government as a collective you. Would you now want Allen Greenspan and the Wall Street crowd handling your personal finances? Well Canada, you just elected them.

I expect in 10 years the next government will be selling off our new prisons to Corrections Corp. of America, America’s new private sector jailer. I assume that is what Boskin refers to as the last of the three services government provides: defense, law enforcement and the ambiguous human safety net.

People in this country forget that income tax was the result of paying for World War I. Boskin even mentions the Reagan revolution and how it stopped the upward trend in non-defence spending. But not defence spending.

Face it, the military industrial complex rules the world through the fear it creates.

Gordon Deane, Mississauga

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