This rant is brought to you by James Tobin, an experienced investor and retired university professor who has many years of knowledge in economics.
My argument today will focus on the dismal effects of a liberalized fascist ideology. Where the state takes from society to beef up the bottom lines of large multi-national corporations. This wrong brained theory allows that the corporations will, in all their benevolence, look after and carefully husband the resources that have been wrestled into their control for the betterment of the people.
As previous owners of the forests through crown corporations we, the people, had ownership but now very large tracts of crown land are offered as transfer, to sweeten the deal for the new private owners, who can be foreigners.
National jewels in mining such as Inco, McMillan Bloedel, Potash Corporation are/were extremely valuable properties which other nations lacking resources are only too happy to exchange bits of paper for in order to control. The real goods that these commodity corporations produce will be in ever increasing demand as billions of individuals leave the farm and head toward the cities where housing, stores and factories demand real goods, to build and to run. Continue Reading →