Linda McQuaig on how private enterprise took over Canada’s public wealth..

In the 2015 federal election, author and journalist Linda McQuaig ran for Parliament as an NDP candidate in the riding of Toronto Centre. Her opponent was Liberal candidate Bill Morneau, who won the riding and went on to become minister of finance.

During the campaign, Morneau and Liberal Leader Justin Trudeau championed the idea of creating a Canadian infrastructure bank, which would “provide low-cost financing for new infrastructure projects.” The bank would help finance things like public transit and housing, by borrowing the funds from the public through the sale of bonds to Canadians or their pension funds. People in Canada would finance the construction of infrastructure they benefit from (and own it, collectively).

“I thought it was a good idea,” McQuaig told me in a recent phone interview. “But he was being dishonest.”

http://rabble.ca/books/reviews/2019/10/linda-mcquaig-how-private-enterprise-took-over-canadas-public-wealth

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