It’s time we target the real tax avoiders: corporations

Income tax is an industrial-era institution that won’t survive globalization and the digital revolution

It’s time we target the real tax avoiders: corporationsWith all due respect to federal Finance Minister Bill Morneau, if you're going to declare war on tax cheats, do it right. The truth is there’s a deep structural flaw in Canada's (and every other country's) income tax system. It's rooted in the unequal tax treatment of one class of individuals over another. Ever since…

Canada poised to give the world the leadership it needs

The world desperately needs to change and we can deliver what's needed: a new mindset, flexibility, innovative genius, moral goodness and guts

Canada poised to give the world the leadership it needsEDMONTON, Alta. Mar. 20, 2017 /Troy Media/ – The 21st century just might be Canada's, in much the same way the 20th century belonged to the United States. As Canada enters into its maturity as a nation, it could provide much-needed moral authority and a few groundbreaking ideas just when the world desperately needs them. It's been a…

Crony capitalism, socialism leading to Venezuela’s collapse

Hopefully, as disaster looms, Venezuela can start down a road away from both crony capitalism and socialism

Crony capitalism, socialism leading to Venezuela’s collapseImagine a city where menus don’t print prices because inflation drives them higher daily; where streets are ghostly empty after dark and the murder rate is the world’s highest; where people queue for hours for meagre supplies of medicines and food, leaving many hungry and sick; where farmers don’t bring goods to market because roads…

How General Motors brought socialism to America

GM CEO Charles Wilson established a pension plan that would invest in the broader U.S. economy to ensure the protection of his workers' pensions

How General Motors brought socialism to AmericaAround the mid-20th century, Peter Drucker was the go-to business guru. A strategically-placed copy of one of his management books graced many an office credenza, even if its contents weren’t always diligently read or put into operation. Drucker (1909-2005) was born in Austria in the waning days of the Habsburgs. He moved to England in 1933…

Canada’s affordable housing crisis about to get worse

The affordable housing crisis is an obvious symptom of a deep-seated disease in modern capitalism

Canada’s affordable housing crisis about to get worseCanada is a modern success story; with a functioning democracy, a tolerant, multi-ethnic society and an economy that’s the envy of the world. So how can it be that so many of our citizens can’t afford to put a roof over their heads? It’s shocking to learn that many working Canadians are unable to gain…

Milton Friedman and the Volkswagen implosion

It was Friedman who laid out the monetarist case AGAINST social responsibility for business

Milton Friedman and the Volkswagen implosionWe should have seen it coming; in fact, we did see it coming and still ignored the obvious truth. Volkswagen’s infamous “Diesel Dupe” is a self-inflicted (possibly mortal) wound for the iconic German carmaker. At present, VW is recalling 500,000 cars in the U.S. and has set aside 6.5 billion Euros to cover the expected…

Eliminating poverty is achievable

Canadians could look to the past for innovative ways of dealing with poverty

Eliminating poverty is achievableEdmonton Mayor Don Iveson wants to eliminate poverty in a generation. You have to admire his vision and ambition, but it won’t be easy to accomplish this lofty goal. The Mayor’s Poverty Task Force studied the problem and has recently made 28 recommendations. It identified the root causes of poverty as a chronic lack of…

New economic vision needed for Canada

To increase productive growth investment, the government has to start with the banks

New economic vision needed for CanadaIt’s taken some time to get there, but even the Tories admit (reluctantly) that the Canadian economy is in recession. The big question for the electorate is: can government do anything to improve the situation? All of our party leaders have plans to stimulate the economy; regrettably, they’re offering up the same tired old corporate…

How the Canadian economy can get out of the mess it’s in

The Canadian economy is vulnerable today because ‘markets’ couldn't care less about Canada's, or anyone’s, standard of living

How the Canadian economy can get out of the mess it’s inAs Stephen Harper prepares for the real election campaigning to begin after the Labour Day long weekend, he must be praying for some good news on the economic front. The news so far has been pretty miserable. With a year of falling oil prices, month after month of stagnant (or worse) GDP growth and a…

The end of economics (as we know it)

Monetarism’s failings are giving rise to the new economy of wellbeing

The end of economics (as we know it)The world is changing. And while many of these changes are obvious, such as the revolution in technology or the tectonic shifts in world politics, there are also significant changes taking place in the ideas that underpin the science of economics. Why do these ideas matter? They matter because economics is a foundational science. The…