A few comments to Tom Walker;
Your essay completely misses an important
word whether he talks about the Canadian or
any other economy of today;
businesses need to make PROFITS to survive
in our market system.
- productivity is not linked to profits in
a climate of over-production and disappearing
markets.
- management efficiency is not linked to
profits in a climate of over-production
and disappearing markets.
- the free flow of investment to countries of
much lower labour cost makes unemployment grow
regardless.
- incentives to employers - such as subsidised
employment of young unemployed did not ork - it
lead to the redundancy of the more expencive
type of labour.
- The reduction of labour cost due to reduced
insurance/taxes per employee was used to
increase profits, not to increase the number of
workers.
Sorry it, seems a well meant but a
cosmetic, a superficial idea that
disregards the realities of capitalism.
Try to get out of the framework that cannot
be reformed, only scrapped.
Please refer to the forwarded "competition" post.
Eva
