One thing that’s crazy is during 2008 Canada was one of the only countries where were no housing busts or bank failures. It was explained at the time that they didn’t deregulate like the US did in the 90s, and didn’t go crazy with Eurodollar and derivative speculation like the European banks.
The takeaway was that in Canada banking is still a boring business managed by professional adults, overseen by stern but fair regulators who would ensure that things don’t get out of hand.
So what the hell happened? Seemed like the Canadian government and finance people took the lesson that they missed out on a hell of a party and they’re going to have their own housing bubble with blackjack and whatnot.
Funny you say that. One of our province’s far right premiers, blamed “progressives” for the same kind of rhetoric in Canada that led to the Trump shooting in the US.
She is. There’s a coordinated effort among party strategists across borders.
In case you wonder why the biggest fear of conservatives is trans-national labour unions, it’s because they work trans-nationally, know how well it works, and are terrified of the poors doing the same thing.
It’s the conservative propaganda that’s been blaring since the 60’s. Nothing but hatred and idiocy for decades. Blaming Democrats for issues that don’t exist or aren’t their fault. Never giving a proper solution to anything, just spewing more hate and lies daily.
I’m an American but I assume it’s probably the fault of our conservatives
American conservatives just provided the route; it took our own cruel elitists to walk that road.
Our politicians have been importing the US’s politics for ages, even when it doesn’t apply to us
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One thing that’s crazy is during 2008 Canada was one of the only countries where were no housing busts or bank failures. It was explained at the time that they didn’t deregulate like the US did in the 90s, and didn’t go crazy with Eurodollar and derivative speculation like the European banks.
The takeaway was that in Canada banking is still a boring business managed by professional adults, overseen by stern but fair regulators who would ensure that things don’t get out of hand.
So what the hell happened? Seemed like the Canadian government and finance people took the lesson that they missed out on a hell of a party and they’re going to have their own housing bubble with blackjack and whatnot.
Funny you say that. One of our province’s far right premiers, blamed “progressives” for the same kind of rhetoric in Canada that led to the Trump shooting in the US.
https://www.cbc.ca/news/politics/smith-trump-political-rhetoric-1.7263799
Sounds like she’s getting her taking points from South of the border
She is. There’s a coordinated effort among party strategists across borders.
In case you wonder why the biggest fear of conservatives is trans-national labour unions, it’s because they work trans-nationally, know how well it works, and are terrified of the poors doing the same thing.
It’s the conservative propaganda that’s been blaring since the 60’s. Nothing but hatred and idiocy for decades. Blaming Democrats for issues that don’t exist or aren’t their fault. Never giving a proper solution to anything, just spewing more hate and lies daily.