Keystone XL vs. Trudeau's NEP?
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03-18-2013, 02:07 AM
Join Date: Jun 2003
Originally Posted by
This is the first I heard about it but I'd imagine in the auto industry this sort of price fixing with the cost being picked up by the Ontario government also goes a long way to protecting Ontario jobs, doesn't it?
I'd file that one under 'Too big to fail' interventionist analogies rather than price-fixing analogies.
In that bygone era, Nixon (a Republican) introduced wage and price controls. In Canada there was the anti-inflation board. I guess it was more culturally acceptable then (ideologically on both sides) to try to control inflationary spirals? (An idea that later got included in the NEP?). There are many good counter-arguments as to why governments shouldn't have followed some interventionist strategies. With hindsight, leaders today might not have followed that course.
Maybe they might. In the modern era we even saw Bush 'intervene' in the bank bailout before he left. The US government also used it's national security oil reserves to soften price pressures this decade. On the wage side in Canada, governments legislate wage restraint programs and intervene quickly in the bargaining process.
Governments are interventionist. This current government also intervened (CMHC rules, car bailout, Keynesian fiscal policy). Whatever they do in specific cases, there's always a camp that agrees and another that doesn't, given their own specific interests; even govts are following their own electoral interests contrary to their own partisan ideology...
p.s. Although in hindsight I might not have understood your post RandV, that was kind of a short Johnny LaRue one-liner
Last edited by Puck: 03-18-2013 at
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