Posts Tagged ‘oligarchy’

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

October 25, 2019

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.”

Margaret Atwood warns ‘French Revolution’ is inevitable if US political system does not change.

December 4, 2018

Margaret Atwood has warned that a “French Revolution” is inevitable if the American political system does not change.

The famed author of dystopian novel The Handmaid’s Tale said several factors have bred inequality in the United States and warned that it could lead to a seismic event similar to that seen in 18th century France, where the ruling class was overthrown.

“There are other factors in this country that make for quite a lot of inequality, so let’s talk about the healthcare system, let’s talk about incarceration policies and let’s talk about the big split between very, very rich people and everybody else,” she said, speaking at Equality Now’s Make Equality Reality Gala in Los Angeles on Monday.