The Parallel Parliament

Glen Pearson

Posts tagged “economies

Round Economies, Square Nations

Posted on June 11, 2013

Call it economic determinism, if you like – or even economic inevitability.  Either way, Canadians feel as if they are mere passengers on some kind of runaway financial train.  To make us even more anxious is this sense that we’re just like other nations whose financial future seems to be caught up in some kind of maelstrom, making it impossible to tackle significant issues like unemployment or climate change. All that being said, it is important to remember that Canada and its highly innovative communities never developed quite like any other nation. From the very beginning we were ancillary dreams for someone else’s design – British, French, American.  But our early founders knew that if we wanted to set our own independent path we…

Greasing the Skids

Posted on May 6, 2013

Innately, everyone comprehends that the days of cheap oil are over and that supplies have passed their prime.  Yet a large contingent of governments, instead of implementing sustainable policies to slowly maneuver their economies in accordance with that reality, continue to pursue growth in ways that refuse to take the decline of oil into account. In the 1980s, China used up a modest two million barrels of oil each day; currently that consumption stands at nine million – every day.  That seemed okay in an era where oil seemed boundless and all industrialized nations had geared up their national economies to reap the dividends.  No more.  With the end of cheap oil comes the era of shrinking economies and hard choices. According to the…


Posted on May 1, 2013

“An economist,” Laurence Peter says, “is an expert who will know tomorrow why the things he predicted yesterday didn’t happen today.”  He was the famous inventor of the Peter Principle – the belief that once a labourer rises to a position over his head, he will become incompetent.  Many of our modern day economists have been around a while, long enough for us to begin to question the present direction of modern capitalism, our financial markets, and the need for political systems to depend increasingly on economic growth for their validity. For a long time the belief that each successive generation can be more prosperous than the last has driven much of the policy and financial apparatus in everything from interest rates to social…


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