Effects of corporate capitalism in Canada

[shalis]

This was original posted in cbc.ca by user "thefacts", their not my words or research but i did verify the stats with his sources:

"Everything is in decline in Canada

How well does Canada rank since Corporate Capitalism took over in the 1990's.

Data per an INDEPENDENT Economic Organization OECD (http://www.oecd.org/statsportal/0,33..._1_1_1,00.html) and also figures from Stats Canada (http://www.statcan.gc.ca/start-debut-eng.html):

Corporate profits: have jumped from 4.5% of GDP in 1990 to 14.2% in 2007 totaling $ 560 Billion while wages have DECLINED as a % of GDP from 55.4% in 1990 to only 49.2% in 2006 - a decline of $ 72 billion dollars in the share of GDP

Investment: before the 1990’s business investment for new machinery and equipment amounted to 86% of profits, now id down to only 45% of profits even though Corporate profits have increased enormously = less investment of profits in Canada = less manufacturing jobs = lower job opportunities. Canada ranks, again, almost at the bottom in 18th. place. And again, the top 10 investment countries are European.

R&D: even Corp. Profits are up by a huge amount our R&D expenditures in Canada are at the bottom of the list of all developed countries. Business R&D as a % of GDP is under by half compared to the US and about 1/3 compared to many European countries.

Productivity: Canada ranked 5th. in 1970 , 12th. in 1980 , 16th. in 1990 , 20th. by 2005 and 22nd. by 2006 – due mostly to the fact of the poor R&D investments Corporate Companies have in Canada.

Manufacturing: Canada has more of it’s manufacturing industry under foreign control than any other developed country over 60% by 2006. Most European countries rank at the top with less of their manufacturing industry under foreign control; between Germany 5% up to 30% Sweden. In manufacturing output Canada manufacturing accounted for 25% of Canadian GDP in 1970 and now it’s down to 15%.


Health Care : 214 doctors per 100,000 population ( 54th. Place in the world ) ; in 1970 Canada had the 2nd. place. Most European countries have over 300 doctors per 100,000 and some over 400, even Cuba has more doctors with 591 doctors x 100,000 pop.

Poverty: of all the 26 most developed country Canada is almost at the bottom 22nd. place in poverty ( 12.8% of Canadians live in poverty ) and the US is a the very bottom with 17% . The top countries with less poverty are ALL European countries. Close to 800,000 Canadians rely now on food banks.

Social spending: in 25th. place of all developed countries with only 15% of GDP being spent in social programs ( it used to be 21.3 % in 1992 ). The US is in 26th. place. At the top of the list are European countries which spend between 23 % to 31 % of their GDP.

Employment: low paid jobs in Canada make 21% of all jobs compared to only 8 to 12% in most European countries. Part time employment 18.2 % in Canada compared to 3 to 10% in most European countries. Now the Service Sector account for 75% of our Economy and manufacturing for 25% in prior to the 1990’s it used to be the other way around.

Employment Insurance: in the 1980’s 86% of applicants received Employment insurance nowadays only 40% - we rank now in 22nd. place of all developed countries; Canada’s replacement rate is also less than half than most European countries.

Corporate Capitalism is a failed system of the same kind as Communism

Should we keep going in the same disastrous Corp. Capitalism path ?"

[Scar Face]

Corporate Capitalism isn't a failure. Canada, America, and the West have been stagnant and declining for a long time now. Our economies are based not on production, but on consumption. Surprise! This has a detrimental effect.

[IrishHitman]

Both the OP and Scarface are right.

The takeover of a certain kind of capitalists (deregulationists a la Reagan) in Canada has had a detrimental effect.

However, Scarface is correct in saying that our high-consumption, low-production economies have had a bigger effect.

We need to claim our production back from China and others via use of technology.
That way, we'll control the brains and the braun behind world economics, and won't have to put up with their **** in future.

[cristophe el perno]

OP - you're absolutely right. We have seen similar things happen in the UK since the Thatcher revolution of the 1980s.
Failure or not, it is easy to see that corporate capitalism as you call it is detrimental to the vast majority of people and the nation as a whole.
Capitalism and Communism are both failures. Social Democracy is the way forward.

[Ahlerich]

OP - you're absolutely right. We have seen similar things happen in the UK since the Thatcher revolution of the 1980s.
Failure or not, it is easy to see that corporate capitalism as you call it is detrimental to the vast majority of people and the nation as a whole.
Capitalism and Communism are both failures. Social Democracy is the way forward.

corp capitalism and communism both lead to extreme wealth and power of the few created and maintained on the shoulders of the less fortunate many.

[Ahlerich]

yep that displays a clear tendency. the problem is in europe (i mainly speak for germany) we have the same development/tendency even though we are still much further "behind"

to the op:
my - soon to be - father in law once pointed me to a book when i still lived in canada. i always am a bit sceptic about him and his views as his family has a long tradition of visiting the house with the all seeing eye but i d like to recommend it to you as you seem to be interested in the topic

http://www.amazon.ca/Cultural-Imperi...490578&sr=8-16

its a good read and depending of your knowledge might even be a huge enlightment

[Viking Prince]

I always enjoy sellective static statistics to sell how something has failed. The economy is dynamic and changes over time. Unemployment does indeed move about. R&D has the same dynamic movements wth business conditions. Etc.

Such rants always seem to avoid the clear argument of a proposed solution. Ever wonder why this is the case?

Notice all of the posts agreeing with the rant without providing evidence and arguement to a proposed alternative.

[IrishHitman]

Notice all of the posts agreeing with the rant without providing evidence and arguement to a proposed alternative.

The evidence is in the original post, and the alternatives are numerous.

[Ahlerich]

Notice all of the posts agreeing with the rant without providing evidence and arguement to a proposed alternative.

this is a discussion. i know a lot about this topic because i read a lot about it in the last almost 10 years. i would not take the time to write all these signs, tendencies, facts and developments down in a total war forum. what would be the purpose. i personally am agreeing to this "rant" based on my opinion formed out of my knowledge. that is more then can be said about many posts to many topics backed up with facts and sources.

i share his view, thats all. we all know that nobody in here would ever change his opinion on a topic regardless of facts and evidences. so why waste the time?

[Viking Prince]

this is a discussion. i know a lot about this topic because i read a lot about it in the last almost 10 years. i would not take the time to write all these signs, tendencies, facts and developments down in a total war forum. what would be the purpose. i personally am agreeing to this "rant" based on my opinion formed out of my knowledge. that is more then can be said about many posts to many topics backed up with facts and sources.

i share his view, thats all. we all know that nobody in here would ever change his opinion on a topic regardless of facts and evidences. so why waste the time?

And then the reason for your post is?

Fine that you might agree with the original post. I did not see a proposal for action in the post. What are you agreeing with? That problems exist? I agree that problem exist. So what? What is the point of this if it is not as I suggested -- A rant to tear down and not a proposal to fix?

Clever assaults on capitalism are not a solution to how one should live a life. This is not utopia. Real life needs real actions. Canada has a system that generally works for Canadians. Condemnation of a flaw does not negate the value of the system.

[Ahlerich]

before you try to fix something you have to realize that its broken. i am agreeing with the op that this is broken and needs a fix.

a suitable topic for a fix would be "how to fix the corporate capitalism that leads into doom of many" and it could only be discussed by those who agree that this is broken and needs a fix.

so not suitable for this forum.

[Viking Prince]

The post is a collection of selective facts and not an argument, but a rant.

The alternatives are neither numerous nor effective. Thus the lack of specifics.

[IrishHitman]

The alternatives are neither numerous nor effective. Thus the lack of specifics.

There are extremely numerous alternatives across the political spectrum.
And others have been effective.

Look at Scandanavia, there's a working alternative right there.

[Viking Prince]

OK. I agree that there are problems. There. We agree that there are problems. The OP suggests throwing out the baby with the bath water. No solutions offered. On this I disagree. I would rather work to fix the system and the OP wants to throw it out. This is like votng for change without agreeing to what the change shall be. I do not think the world works well this way. You seem fine with the thought.