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Canada ignored its gigantic money laundering problem for years — and lawyers fanned the flames
Monday, April 8th, 2019
In 2015, the Supreme Court of Canada made a huge mistake when it constitutionally exempted lawyers from a newly minted Proceeds of Crime and Terrorist Financing Act and Regulation (the ‘Proceeds of Crime Regime’). This followed arguments by the Federation of Law Societies of Canada that laws violated solicitor-client privilege and that the legal profession alone had the responsibility for policing itself. This puts lawyers above the law compared to other self-regulating professionals… This is foolishness.
Tags: budget, crime prevention, economy, featured, globalization, ideology, jurisdiction
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Why health reform is good news for the U.S. economy
Monday, July 2nd, 2012
Jun 29, 2012
Universal health care is not just smart and fair social policy; it is also smart economic policy. It works this way: If a worker in Canada or Europe or Japan loses his or her job, it’s a psychological and income blow. But if an American worker loses his or her job, the family faces financial ruin if sickness strikes any member because they are without health care coverage. Worse yet, if a major illness is diagnosed during a period of unemployment, a worker becomes unemployable, bringing about a life sentence of poverty.
Tags: economy, Health, ideology, poverty, standard of living
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TSX sells, Canada sold down the river
Monday, February 21st, 2011
February 19, 2011
The proposed takeover of the TSX Group is unacceptable and would injure Canada’s competitive advantages. The TSX Group Inc. is not just a public company with an equity and derivatives business that trades and raises capital for public companies. It is the linch pin to the nation’s mining industry and, therefore, to the country’s future… its sale would forego the fact that the TSX, with the right managers and strategy, will likely dwarf the London and most other exchanges in a handful of years. Finally, there is absolutely no business case behind this punt.
Tags: economy, globalization, standard of living
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Soros is right about capitalism
Saturday, March 6th, 2010
March 6, 2010
“Two forms of economic organization — state capitalism and international capitalism — are in competition with each other and neither is attractive,” he writes. “International capitalism is inherently unstable because it lacks adequate regulation. It is also highly unjust favouring the haves over the have-nots. State capitalism will lead to conflicts.” By state capitalism, Soros is talking about the Russian, Chinese or Venezuelan models, where governments are players/combatants not referees. Somewhere between the two lies a better capitalism, along with rules that impose moral behaviour.
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