Canada is $500 000 000 000 in debt

[Bandito]

How can Capitalism be so great when Canada, for example, is $500 000 000 000 in debt?


Source:
http://www.debtclock.ca/

[Q]

Nice clock, but i don't think anyone here thinks capitalism is so great :p

[Revy]

If the state nationalized industries, it would have a great deal more money, wouldn't it?

Did you know that Canada has the 2nd largest oil reserves after Saudi Arabia?

[ZeroNowhere]

Through skill and tact.

[Salyut]

If the state nationalized industries, it would have a great deal more money, wouldn't it?

Did you know that Canada has the 2nd largest oil reserves after Saudi Arabia?

Don't forget the uranium.

I have no idea how Harper gets the majority of support in this country.

[Revy]

How much time until this is used by pundits here in America to denounce universal healthcare?

[Q]

How much time until this is used by pundits here in America to denounce universal healthcare?

I'm not so sure about that (http://www.brillig.com/debt_clock/) :p

[cyu]

This is the key thing to do when you control the government: borrow as much as you can from the bankers, doesn't really matter what the terms are, as long as it's not so outrageous that your countrymen kick you out.

Then spend that money in whatever way you want, preferably in ways that favor the rich, such as union busting, undermining labor movements around the world, making the world safe for "pro-business" (ie. pro-exploitation) governments, bailing out institutions of the rich.

Finally, now that all the money is spent, get the poor in your country to pay back the money, with a hefty interest, to the rich who control the banks. And if they can't pay? Well, slash all social programs. Say austerity measures are all we can do at this point. Make the unemployed beg to be exploited.

[cyu]

I have no idea how Harper gets the majority of support in this country.


A. J. Liebling: "Freedom of the press is guaranteed only to those who own one."

Abraham Lincoln: "I see in the near future a crisis approaching that unnerves me and cause me to tremble for the safety of my country; corporations have been enthroned, an era of corruption in High Places will follow, and the Money Power of the country will endeavor to prolong its reign by working upon the prejudices of the People, until the wealth is aggregated in a few hands, and the Republic destroyed."

[Die Rote Fahne]

Don't forget the uranium.

I have no idea how Harper gets the majority of support in this country.

He doesn't. He has 32%ish.

The majority support the leftist NDP, Liberals and Bloc Quebecois.

[blake 3:17]

Don't forget the uranium.


Stop the mining now!



Quote:
Originally Posted by Salyut http://www.revleft.com/vb/revleft/buttons/viewpost.gif (http://www.revleft.com/vb/showthread.php?p=1606899#post1606899)
Don't forget the uranium.

I have no idea how Harper gets the majority of support in this country.
He doesn't. He has 32%ish.

The majority support the leftist NDP, Liberals and Bloc Quebecois.


That's close enough to a majority in multiparty first past the post system. He'll probably get a majority next round. I suppose I'd prefer a Liberal majority, but wtf. The Conservatives have been amazing at using the minority government to shift the whole political discussion to the right.

[Salyut]

Stop the mining now!

...but I have a work placement there next week. :(




That's close enough to a majority in multiparty first past the post system. He'll probably get a majority next round.

Yeah. Majority or else the Liberals win a minority. Either way, this country will continue to go to shit. @[email protected]

[Die Neue Zeit]

Nice clock, but i don't think anyone here thinks capitalism is so great :p

Folks, that is ONLY federal government debt. That excludes provincial debts, business debts, consumer debts, etc.