teppa

Can't provide employment or affordable housing to our youth, but we can shame their for their totally unexplainable drug use.

We need to rename all these streets and replace statues due to past transgression. But the monarch that pushed colonialization all over the world gets a pass due to fun crowns and funny accents.

Pierre would have won if Trump didn't tilt the scales, because we have had the second to last performance on a per capita basis in the OECD since 2015, arguably the Liberals have been a blight on Canada.

You can say you like Carney as an obviously smart guy, but the rest of the party is not something to be celebrated, Freeland is already back to not answering a single question to Vassy.

The financialization of housing is just monetary policy. The Bank of Canada gutting rates and doing QE is meant to entice people to sell their homes, and prices rise until people do it, in which case a mortgage is created as new cash in the economy and the house is securitized as a loan.

This then feeds into aggregate demand, to attempt to derive a 2% inflation target using an index that contains subjective hedonic adjustments to lower the value of goods, substitutions so as consumers buy cheaper food the CPI changes. The CPI also excludes housing appreciation but includes mortgage interest, so the Bank of Canada can print money to buy half of all mortgage bonds to raise home values, while effectively lowering inflation and depressing interest rates to further inflate home values.

https://www.bankofcanada.ca/2024/01/operational-details-government-purchases-canada-mortgage-bonds/

So really our government is simply antagonistic to renters and non-home owners, using financial repression to milk them for fake GDP growth.

To be fair I think she clearly meant in the OECD, where we are second to last behind Luxembourg in GDP per capita growth, falling well short of inflation.

Meanwhile we are capping ourselves to lower our own standard of living and not even fighting climate change to do so, as we perform mass immigration to hide falling productive growth.

This then largely falls on the poor whose rents doubled and who are overwhelming the food banks. The rich already own a home and they invest outside of Canada, which Caroline Rogers has then increasingly warned about our diminishing investment into Canada.

Because of wage suppression via mass immigration in order to forcefully invert the Phillips curve after the BoC did QE.

Mao also had famines while having plenty of food being produced.

Neo liberalism meaning free market solutions to problems?

Our loose monetary policy distorts lending and debases our salary, with the Federal government now literally buying half of all mortgage bonds. Housing can't be built due to sprawled zoning, huge developer taxes, and massive greenbelt. We have supply side economics so a decent cheese is 20$ a loaf.

Give me one area where Canada is a neo liberal hellscape like this article let's on. I'd argue we have the reverse, and Carneys free trade within Canada plan is barely scratching the surface of the problems we need to fix with government intervention.

We've even got a new housing minister that says housing prices shouldn't come down because its now an investment vehicle, after Trudeau essentially said the same thing, then you have to wonder why the poor are so much worse off.

We can't feed the people we have, food bank usage has skyrocketed. We may need to send refugees to the US who actually has the housing to house people.

Dog whistle against illegal immigration or what?

Yes, I whistle the law should be followed. That we have a shortage of basic services already and don't need an overburdened healthcare and housing sector in order to feed cheap labor for corporations.

The pain we feel is from decades of loose monetary policy, rising interest rates due to aging demographics, and a federal government intent on hiding falling GDP via mass immigration. Mass immigration to forcefully invert the phillips curve after vast monetary stimulus, while we remain second to last place in per capita GDP growth in the 38 countries of the OECD, and Caroline Rogers warns of crisis level productivity growth which is diminishing wage growth.