Saturday, February 19, 2011

Canada stands still while the world changes

The world is changing and Canada is standing still watching history evolve. The reason is without a doubt that the government wants to cater to major corporations after getting away with losing of billions of shareholder dollars during the 2006 recession. Wanting to support the corporate greed is not all bad according to the free world’s influential media since only when the stock markets soar do jobs multiply. The scenario is undoubtedly the vicious circle that it appears to be.

The corporate sector wants to Globalize. Globalization is attractive to both have-not and developing nations because it allows access to the resources and services of developed nations like Canada. Globalization also allows unprecedented profit for investing in the resource, manufacturing and technology sectors of a developed economy.

Greed is the undisputed motivation for globalization that will lead to more unrest as reported at the cost of many lives in the Arab world. In the Middle East and Northern Africa nations enduring years of dictatorship face rebellion. It can only end with a significant loss of life and unexpected, even unheralded change. Can we do anything more than watch, wonder and maybe worry as that part of the world changes so dramatically?

The Canadian media appears mired in indecision as to its role in the modern world. As major newspapers die a slow death many respected journalists seem to be allowing payoffs such as pensions, appointments, and fringe benefits for following the party line supplant opposition to injustice. An example is the February 28th 2011 issue of Canada’s Macleans news magazine. The lead unaccredited editorial disputes the reasoning of hundreds of thousands of Canadians petitioning the elected minority government to reverse the decision of the Canadian Radio Television Commission (a government supported regulatory body) allowing major corporations to increase the cost of internet usage to the average user. The editorial argues it is unfair that internet use will not allow price increases making certain investors realize the highest possible returns. The former Ontario Hydro is a good example of runaway pricing leading to high costs. The Ontario government added the unpaid cost of past indebtedness to current invoicing after spending user money without regard to consequences. The consumer does not have a choice since the utility can practice the pay up or do without philosophy..

Maclean’s national editor followed the internet user column with another article titled “Why Canada has nothing to fear but itself” espousing support for Canadian resource and services takeover in the name of globalization. The writer criticizes government for not allowing the potash industry to fall into foreign ownership after Canadians and the Saskatchewan government reacted to the takeover attempt. The editor then gives full support to the merger of Canada’s premier stock market with the London Stock market  justifying the merger by stating smaller provincial stock markets would still be around. Common sense dictates that the lesser markets would become less attractive to investors once the country’s major market and its investors are  conducting the nation’s financial business offshore.

There is little doubt Rogers Media and its publishing subsidiary influences the neutrality of its major editorialists. It is difficult to argue that large salaries and skyrocketing investment income doesn’t offset personal belief that might need stating. The people of Canada have lost a great deal of say in governing the country now that the ruling party’s deep money pockets are used to determine the next form of government ruling the country by insighting hatred of an opposition leader. Can the Mid East scenario be far from happening in Canada?

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